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RC

Ready Capital

RC

Market cap $269M

1.63 USD

-0.01

0.61%

At close Updated Sep 14, 1:43 PM EDT

1 day

-0.61%

5 days

-4.68%

1 month

-11.89%

3 months

-5.23%

6 months

-4.12%

Year to date

-23.83%

1 year

-61.47%

5 years

-89.11%

10 years

-88.41%

About: Ready Capital Corp is a real estate finance company that originates, acquires, finances, and services LMM loans, SBA loans, construction loans, USDA loans and, to a lesser extent, MBS collateralized mainly by LMM loans or other real estate-related investments. Its loans are used by businesses to purchase real estate used in their operations or by investors seeking to acquire multi-family, office, retail, mixed use or warehouse properties. It operates through two segments: LMM Commercial Real Estate, which originates LMM loans across the life-cycle of an LMM property including construction, bridge, stabilized and agency loan channels, and Small Business Lending, which acquires, originates and services owner-occupied loans guaranteed by the SBA and also originates and services USDA loans.

Employees: 442

Real Estate Mortgage REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 9.1%

Neutral 63.6%

Negative 27.3%

Ready Capital: The Bad, The Worse, And The Preferreds

Ready Capital faces persistent GAAP losses and book value per share erosion, undermining its investment profile. RC's dividend has been slashed 97.5% over three years, now yielding just 2.26% with a token $0.01 quarterly payout. Shares trade at a steep 74% discount to book value, reflecting deep investor skepticism and ongoing balance sheet stress.

Ready Capital: The Bad, The Worse, And The Preferreds

Waterfall Asset Management and Delaware Life Complete Refinancing of The Torrance in Southern California

NEW YORK, Sept. 3, 2026 /PRNewswire/ -- Waterfall Asset Management ("Waterfall"), an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans and real assets, and Delaware Life today announced the closing of a $64.7 million loan facility, refinancing The Torrance, a 301,000-square-foot Class A office property located in Torrance, California.

Waterfall Asset Management and Delaware Life Complete Refinancing of The Torrance in Southern California

Losers Of REIT Earnings Season

Not Every REIT Joined The Recovery: Part 2 focuses on the relatively small group of laggards where company-specific credit, legal, refinancing, or asset-level issues overshadowed an otherwise very strong earnings. Weakness Was More Company-Specific Than Sector-Wide: Empire State Realty's Observatory shortfall, JBG Smith's adverse Wardman Tower ruling, Community Healthcare's dividend cut, and several troubled mortgage portfolios drove some individual downside. Mortgage Stress Hasn't Fully Cleared: Commercial mREIT book values fell nearly 5% on average as office, lab space, and multifamily credit problems persisted for some sponsors.

Losers Of REIT Earnings Season

Ready Capital Q2 Earnings Call Highlights

Ready Capital NYSE: RC said its second-quarter results reflected continued progress in a balance sheet repositioning plan, including portfolio sales, debt paydowns and new financing initiatives, as the company works to meet remaining 2026 debt maturities and return to sustainable profitability.

Ready Capital Q2 Earnings Call Highlights

Ready Capital Corporation (RC) Q2 2026 Earnings Call Transcript

Ready Capital Corporation (RC) Q2 2026 Earnings Call Transcript

Ready Capital Corporation (RC) Q2 2026 Earnings Call Transcript

Ready Capital Corporation Reports Second Quarter 2026 Results

NEW YORK, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner-occupied commercial real estate loans, today reported financial results for the quarter ended June 30, 2026.

Ready Capital Corporation Reports Second Quarter 2026 Results

Ready Capital Corporation Announces Second Quarter 2026 Results and Webcast Call

NEW YORK, July 31, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the “Company”) today announced that the Company will release its second quarter 2026 financial results after the New York Stock Exchange closes on Thursday, August 6, 2026. Management will host a webcast and conference call on Friday, August 7, 2026 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended June 30, 2026.

Ready Capital Corporation Announces Second Quarter 2026 Results and Webcast Call

ReadyCap Lending Completes $145 Million SBA 7(a) Loan Securitization

NEW YORK, July 30, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced today that ReadyCap Lending completed its fourth securitization of SBA 7(a) loans, ReadyCap Lending Small Business Loan Trust 2026-4, on June 26, 2026. The transaction involved the issuance of approximately $145 million of bonds that generated meaningful additional liquidity for the Company in support of ReadyCap Lending's continued commitment to financing small businesses nationwide.

ReadyCap Lending Completes $145 Million SBA 7(a) Loan Securitization

Ready Capital Corporation (RC) Shareholder/Analyst Call Prepared Remarks Transcript

Ready Capital Corporation (RC) Shareholder/Analyst Call Prepared Remarks Transcript

Ready Capital Corporation (RC) Shareholder/Analyst Call Prepared Remarks Transcript

Ready Capital: Bonds Delivering Value While Equity Evaporates

Ready Capital continues to see rapid book value erosion and worsening CRE portfolio delinquencies, with common shares underperforming significantly. RC's core CRE portfolio delinquency rate surged to 14.8%, up from 6.7% last quarter, highlighting accelerating credit deterioration. Management anticipates further $2 billion–$2.5 billion in asset sales but offers no clear guidance on pro forma book value, underscoring high uncertainty.

Ready Capital: Bonds Delivering Value While Equity Evaporates

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