Ready Capital

RC

Market cap $559M

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NEW YORK, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2025. This dividend is payable on October 31, 2025, to shareholders of record as of the close of business on September 30, 2025.

Ready Capital trades at a 60% discount to book value, also paying out a 12% dividend yield that's not being covered by distributable earnings. RC maintains strong liquidity with $150 million in cash and $1 billion in unencumbered assets, supporting ongoing share buybacks and the common share dividend. Pending Fed rate cuts should help slim the mREIT's discount to book value, with the common equity trading at its largest ever discount.

Bragar Eagel & Squire, P.C. Litigation Partner  Brandon Walker  Encourages Investors Who Suffered Losses In Ready Capital (RC) To Contact Him Directly To Discuss Their Options If you are a long-term stockholder in  Ready Capital between November 7, 2024 and March 2, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Ready Capital reported another poor quarter with negative distributable earnings. Loans that are more than 60 days delinquent rose once again. The company borrowed more funds to buyback shares.

Ready Capital continues to face portfolio distress, despite progress in the transition. Old assets have run off or are disposed of with losses, and reinvested into RC's new focus. The dividend has endured many cuts, and continued losses make it unsustainable in my view. One bright side has been a share repurchase campaign at steep discounts to book value.

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Ready Capital Corporation (NYSE:RC ) Q3 2025 Earnings Conference Call August 8, 2025 8:30 AM ET Company Participants Adam Zausmer - Chief Credit Officer Andrew Ahlborn - CFO & Secretary Thomas Edward Capasse - Chairman, CEO & Chief Investment Officer Conference Call Participants Christopher Whitbread Patrick Nolan - Ladenburg Thalmann & Co. Inc., Research Division Crispin Elliot Love - Piper Sandler & Co., Research Division Douglas Michael Harter - UBS Investment Bank, Research Division Jade Joseph Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division Randy Binner - B. Riley Securities, Inc., Research Division Operator Greetings.

Although the revenue and EPS for Ready Capital (RC) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.