Ready Capital Corp

Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: Acquisitions, SBC Originations, SBA Originations, Acquisitions & Servicing, and Residential Mortgage Banking. The Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of the company's business strategy. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA through its wholly-owned subsidiary, ReadyCap Lending LLC. The Residential Mortgage Banking segment, through its wholly-owned subsidiary, GMFS LLC, originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, FHA, USDA and VA through retail, correspondent and broker channels. The company was founded in 2011 and is headquartered in New York, NY.

Earnings data Q1 2021

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Ready Capital Corp to acquire Broadmark, anticipates strong growth

Ready Capital Corp's Q4 2022 performance showcased strength in loan originations, credit quality, and strategic acquisitions.
The merger with Broadmark Realty Capital is poised to enhance earnings, reduce leverage, and generate expense synergies for the company.
Challenges include impacts on realized gains, lack of specific full-year origination outlook, and complexities in the Broadmark deal execution.
Opportunities lie in increased liquidity post-acquisition, growth in SBA lending, and capital redeployment for new CRE originations and acquisitions.

Ready Capital Corp reports resilient performance amidst CRE market challenges

Ready Capital Corp navigated challenges in the CRE market with strong performance in core originations and credit metrics.
Despite non-recurring impacts on earnings, the company remains well positioned to maintain dividends and achieve its ROE target.
Opportunities lie in maintaining strong credit metrics, exploring potential acquisitions, and focusing on growth in key market segments.
Analysts' questions covered a range of topics including CECL reserve releases, distributable earnings, and balance sheet strategies.

Ready Capital Corp reports strong Q2 performance and eyes growth opportunities

Ready Capital Corp's Q2 2023 performance showcased robust loan portfolio growth and competitive credit metrics.
The company's strengths lie in the successful Broadmark acquisition, distributable earnings, and limited defaults in multifamily loans.
Challenges include upcoming maturities, potential risks in multifamily bridge loans, and headwinds from the Broadmark deal.
Opportunities for growth include optimizing capital structure, exploring new acquisitions, and capitalizing on multifamily market stabilization.

Ready Capital Corp reports strong Q3 performance amidst market caution

Ready Capital Corp (RC) demonstrated strong performance with successful Broadmark integration and improved liquidity, despite challenges in the CRE market.
The company's focus on cost synergies, credit metrics strength, and strategic rebranding position it well for future growth opportunities.
While challenges like portfolio yield drag and market uncertainties exist, Ready Capital's adaptability and focus on strategic opportunities are key strengths.

Ready Capital Corp reports 8.6% ROE for 2023, eyes strategic refinancing and growth opportunities

Ready Capital Corp's performance in 2023 was impacted by M&A effects and underperformance in certain business segments, leading to a distributable ROE of 8.6%. Despite challenges in delinquencies, the company is strategically focused on refinancing, leveraging debt, and exiting underperforming sectors. Opportunities lie in CLO issuance, SBA vertical growth, and accretive impacts from the Broadmark transaction.

Ready Capital Corp reports Q3 losses but eyes CRE market growth

Ready Capital Corp's Q3 performance reflects challenges with losses but also strengths in small business lending and market positioning.
Strategic initiatives and a well-positioned CRE market offer growth opportunities despite short-term challenges.
The company's focus on high-growth areas and future earnings expectations signal a path towards long-term success and market competitiveness.
Navigating through challenges while capitalizing on opportunities will be crucial for Ready Capital Corp's future financial performance and growth.

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Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.

Anworth Mortgage Asset

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Anworth Mortgage Asset Corporation (NYSE: ANH) to Ready Capital Corporation (NYSE: RC). Under the terms of the proposed transaction, shareholders of Anworth will receive only 0.1688 shares of Ready Capital common stock and $0.61 of cash consideration for each share of Anworth that they own. KSF is seeking to d

ANWORTH MORTGAGE INVESTOR ALERT By the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Anworth Mortgage Asset Corporation - ANH

Ready Capital is an mREIT that specializes in small business & multifamily residential loan origination, holding, and trading. Recent conference calls suggest that it is in the process of successfully recovering from the full brunt of the COVID-19 impact.

Ready Capital: A 10% Yield That Is Currently Overpriced By 31%

NEW YORK, Dec. 19, 2020 /PRNewswire/ -- Anworth Mortgage Asset Corporation (NYSE: ANH) - Ready Capital Corporation (NYSE: RC) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the sale of ANH to RC for 0.1688 RC shares per share....

Lifshitz Law Firm, P.C. Announces Investigation of ANH, RC, CPAH, GIK, MTSC, WORK, CRM, TGC, UROV, and WDR

NEW YORK, Dec. 14, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) announced that its Board of Directors declared a quarterly cash dividend of $0.35 per share of common stock and Operating Partnership unit for the quarter ended December 31, 2020. This dividend is payable on...

Ready Capital Corporation Declares Fourth Quarter 2020 Dividend

WILMINGTON, Del., Dec. 07, 2020 (GLOBE NEWSWIRE) -- Rigrodsky & Long, P.A. announces that it is investigating Anworth Mortgage Asset Corporation (“Anworth”) (NYSE: ANH) regarding possible breaches of fiduciary duties and other violations of law related to Anworth's agreement to be acquired by Ready Capital Corporation (“Ready Capital”) (NYSE: RC). Under the terms of the agreement, Anworth's shareholders will receive 0.1688 shares of Ready Capital common stock per share.

SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Anworth Mortgage Asset Corporation Merger

NEW YORK and SANTA MONICA, Calif., Dec. 7, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) ("Ready Capital"), a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans, and Anworth Mortgage Asset...

Ready Capital And Anworth Mortgage Asset Corporation Announce Merger Transaction

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Ready Capital Corp (RC) CEO Thomas Capasse on Q3 2020 Results - Earnings Call Transcript

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Ready Capital (RC) delivered earnings and revenue surprises of 58.33% and -23.55%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Ready Capital (RC) Surpasses Q3 Earnings Estimates

Shares of Ready Capital (NYSE:RC) were unchanged in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 42.50% year over year to $0.57, which beat the estimate of $0.36.

Recap: Ready Capital Q3 Earnings

Low interest rates are likely to have driven residential mortgage originations for Ready Capital (RC) in Q3. Also, the revival of direct small balance commercial origination channels might have aided results.

What's in the Offing for Ready Capital's (RC) Q3 Earnings?

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Ready Capital (RC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ready Capital (RC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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Ready Capital is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Ready Capital

NEW YORK, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Lending Team announces the closing of an acquisition, renovation, and lease-up loan for a $16.9 MM value-add bridge loan in Memphis, TN.

Ready Capital National Bridge Team Close An Approximately $17.0 Million Bridge Loan

Ready Capital (RC) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Ready Capital (RC) Looks Good: Stock Adds 6.1% in Session

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News for Ready Capital Corp Stock (RC)