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

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Ready Capital (RC) doesn't possess 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) Earnings Expected to Grow: Should You Buy?

NEW YORK, April  22, 2020  (GLOBE NEWSWIRE) -- Ready Capital announces the delivery and closing of Freddie Mac SBL loans for approximately $150 million in 17 states and Washington, DC, between January and March 2020. Ready Capital commenced the second quarter pre- Covid-19 with a strong pipeline of $230 million in Freddie Mac SBL loans and continues to work diligently for its clients to process loans amidst challenges in the current environment. Ready Capital continues to participate actively in the program to provide an important source of liquidity to small balance loan multifamily borrowers.

Ready Capital Delivers and Closes Over $150 Million Freddie Mac SBL Loans in 17 States and Washington, DC

Ready Capital Corporation (RC) CEO Tom Capasse on Q4 2019 Results - Earnings Call Transcript

Ready Capital (RC) delivered earnings and revenue surprises of 4.88% and 4.52%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Ready Capital (RC) Surpasses Q4 Earnings and Revenue Estimates

Ready Capital (RC) to Report Q4 Results: Wall Street Expects Earnings Growth

NEW YORK, Feb.  07, 2020  (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, refinance, renovation and redevelopment loans for over $375 million in 17 states between September 2019 and December 2019.

Ready Capital National Bridge Team Closes Over $375 Million in 17 States

AbbVie

Gaming and Leisure Properties

Owl Rock Capital Corp

OUTFRONT Media

Rio Tinto plc Sponsored

Tapestry

With the markets moving higher it’s harder to find high-yield stocks. Here are seven dividend stocks to consider that yield more than 5%.

7 Great High-Yield Stocks With Payouts Over 5%

Let's see if Ready Capital Corporation (RC) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Should Value Investors Pick Ready Capital (RC) Stock Now?

Ready Capital Corporation (RC) CEO Tom Capasse on Q3 2019 Results - Earnings Call Transcript

Ready Capital (RC) delivered earnings and revenue surprises of -2.44% and -1.99%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Ready Capital (RC) Q3 Earnings and Revenues Miss Estimates

Great Ajax

D.R. Horton

Sun Life Financial

By adding a screen of those low p/e stocks now making new price highs, it’s possible to come up with a list of apparent value stocks outperforming the so-called growth stocks with the sky high p/e’s.

Low P/E Stocks Hitting New Price Highs And Paying Dividends

NEW YORK, Sept.  16, 2019  (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $270 million in eight states.

Ready Capital National Bridge Team Closes Over $270 Million in Eight States

Ready Capital (RC) delivered earnings and revenue surprises of 2.78% and 21.09%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

Ready Capital (RC) Q2 Earnings and Revenues Top Estimates

BRT Apartments

Orchid Island Capital

Three securities are topping the S&P 500 index in terms of higher dividend yield Monday.

3 Real Estate Stocks With High Forward Dividend Yields

Ready Capital Corp (RC) CEO Thomas Capasse on Q1 2019 Results - Earnings Call Transcript

Ready Capital (RC) delivered earnings and revenue surprises of -19.05% and -13.48%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?

Ready Capital (RC) Lags Q1 Earnings and Revenue Estimates

News for Ready Capital Corp Stock (RC)