Ready Capital Corp reported the quarter ended March 31, 2026 results: EPS $(1.25).
“e material book value pressure of the recent quarters will begin to subside, leaving a lower-leverage platform positioned to restart growth through our core CRE debt investing and SBA 7(a) lending businesses.” Financial Metrics • GAAP loss per common share of $(1.25) • Distributable loss per common share of $(1.00) • Distributable loss per common share before realized losses of $(0.33) Balance Sheet Repositioning • Generated $1.4 billion in cash year-to-date from loan sales and portfolio runoff, paying down over $1.1 billion in asset-level financing and retiring $184 million of corporate debt • Sold 48 CRE loans totaling $1.0 billion in unpaid principal balance across four transactions (66% performing, 34% non- and sub-performing) for net proceeds after asset-level financing paydowns of $177 million • Retired the 5.75% Senior Unsecured Notes in February 2026 and the 6.20% Senior Unsecure”
Earnings Releases
Ready Capital Corp reported first quarter 2024 results: EPS -$(0.45) GAAP loss per share from continuing operations; distributable earnings per share $0.29.
“READY CAPITAL CORPORATION REPORTS FIRST QUARTER 2024 RESULTS - GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.45) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.29 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 8.6%”
Earnings Releases
Ready Capital Corp reported financial results for the quarter ended December 31, 2023.
“On February 27, 2024, Ready Capital Corporation (the “Company”) issued an earnings release announcing the financial results for the quarter ended December 31, 2023.”
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