YOLFTbeta
Ready Capital Corp

Ready Capital Corp

RC · NYSE · Real Estate / REIT - Mortgage

0.8243USD-0.09 (-9.51%)

Price History

Full chart

Market Stats

Previous Close0.9109
Open0.94
Day Range0.82 – 0.94
52-Week Range1.27 – 3.87
Volume1.81M
Market Cap215.16M
P/E (TTM)0.00
Forward P/E7.05
EPS-3.43
Dividend Yield3.01%
Beta1.53
50-Day Avg1.65
200-Day Avg1.81

About

Ready Capital Corporation operates as a real estate finance company in the United States. The company operates through two segments: LMM Commercial Real Estate and Small Business Lending. Its LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and originates, and services USDA loans, as well as small business loans. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, USDA loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Thomas Edward Capasse
  • Employees442
  • Headquarters1251 Avenue of the Americas, New York, NY, United States, 10020, USA
  • Websitehttps://www.readycapital.com

Leadership

  • Mr. Andrew Ahlborn CPACFO & Secretary · b. 1985
  • Mr. Thomas Edward CapasseChairman, CEO & Chief Investment Officer · b. 1957
  • Mr. Jack Jay Ross CPAPresident & Director · b. 1957
  • Mr. Matthew CohenHead of Operations & CTO
  • Ms. Sue IanieriHead of Marketing
  • Mr. Thomas Warren, Jr.Head of Human Resources
  • Mr. Alex OvalleMD & Head of Construction Lending and Syndications
  • Mr. Garrett ThelanderManaging Director & Head of Workouts
  • Mr. John SokolovicManaging Director & CEO of Affordable Multifamily · b. 1963
  • Ms. Jacqueline SchorrChief Financial Officer of RCL

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue24.45M16.25M49.68M57.98M124.94M152.82M158.26M146.11M270.14M383.37M383.33M389.94M27.35M499.47M
Growth (%)--33.51%+205.64%+16.71%+115.49%+22.31%+3.56%-7.68%+84.89%+41.92%-0.01%+1.72%-92.99%+1725.96%
Cost of Revenue1.39M7.09M17.26M18.85M65.59M77.01M28.75M33.16M54.37M58.40M104.99M59.59M108.27M61.61M
Gross Profit23.06M9.16M32.42M39.13M59.35M75.81M129.52M112.95M215.77M324.97M383.33M389.94M27.35M437.87M
Gross Margin94.32%56.35%65.26%67.49%47.50%49.61%81.84%77.30%79.87%84.77%100.00%100.00%100.00%87.67%
Operating Expense19.23M-560.34K27.08M71.03M59.65M127.64M251.01M50.53M162.52M138.15M141.22M166.72M439.35M316.91M
Operating Income3.83M9.72M5.34M-31.90M-303.00K-51.83M-121.49M62.42M53.25M186.83M242.12M223.22M-412.00M120.96M
Operating Margin15.67%59.80%10.75%-55.02%-0.24%-33.92%-76.77%42.72%19.71%48.73%63.16%57.25%-1506.17%24.22%
EBITDA5.66M9.72M46.41M-30.97M55.56M-97.43M128.82M62.42M86.80M163.26M600.87M1.10B199.72M214.38M
EBITDA Margin23.14%59.80%93.43%-53.41%44.47%-63.76%81.40%42.72%32.13%42.59%156.75%280.84%730.12%42.92%
Net Income19.90M6.67M26.74M-1.26M49.17M43.29M59.26M72.97M44.87M157.74M194.26M339.45M-435.75M-228.91M
Net Income Margin81.42%41.06%53.83%-2.17%39.35%28.33%37.44%49.94%16.61%41.15%50.68%87.05%-1593.02%-45.83%
R&D--2.74M2.41M0.370.170.24.83M6.72M7.97M6.16M7.43M11.48M-
R&D as % of Total Revenue--5.52%4.16%0.00%0.00%0.00%3.31%2.49%2.08%1.61%1.91%41.96%-
Interest Expense1.39M7.09M17.26M18.85M57.77M74.65M109.24M151.88M175.48M213.56M400.77M716.47M696.46M514.13M
Interest Expense % of Total Revenue5.68%43.65%34.74%32.51%46.24%48.85%69.02%103.95%64.96%55.71%104.55%183.74%2546.08%102.93%

Balance Sheet

Currency: USD2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets154.11M201.65M620.08M792.40M775.14M2.61B2.52B3.04B4.98B5.37B9.53B11.62B12.44B10.14B7.77B
Total Liabilities98.79M136.51M442.31M599.01M597.36M2.05B1.97B2.47B4.13B4.54B8.25B9.72B9.79B8.21B6.12B
Total Equity55.32M45.04M177.77M173.24M177.78M513.10M536.07M544.83M825.41M815.40M1.28B1.90B2.55B1.84B1.55B
Cash6.33M22.83M57.06M33.79M20.79M59.57M63.42M54.41M67.93M138.97M229.53M163.04M138.53M143.80M247.59M
Total Debt-116.08M292.07M444.98M1.24B1.22B1.78B2.31B3.93B4.12B8.39B9.79B7.24B6.04B5.86B
Net Debt-6.33M93.25M233.54M411.19M433.27M1.16B1.71B2.25B3.86B3.98B6.74B9.03B7.11B5.89B5.62B

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow2.63M8.13M-4.69M-23.08M14.76M352.49M140.30M-52.40M68.89M-34.44M359.15M33.07M-51.22M-203.48M
Investing Cash Flow-8.86M-386.81M-31.48M45.94M384.69M-242.23M-580.76M-1.21B-59.44M-1.72B-1.56B1.04B1.86B2.28B
Financing Cash Flow18.96M416.68M12.90M-35.85M-381.46M-106.40M444.48M1.30B63.05M1.88B1.17B-1.09B-1.88B-2.04B
Capital Expenditure0054.06M14.24M65.94M0362.00K894.00K329.00K3.70B10.97M929.05M1.41M2.37M
Free Cash Flow2.63M8.13M-58.75M-8.84M80.71M352.49M139.94M-53.29M68.89M-3.74B359.15M33.07M-51.22M-203.48M
Dividends Paid10.60M10.41M19.13M14.24M46.87M48.26M51.32M63.33M56.88M111.92M187.83M215.09M206.06M113.32M
FCF to OCF100.00%100.00%1252.69%38.29%546.68%100.00%99.74%101.71%100.00%10856.97%100.00%100.00%100.00%100.00%
Dividend Paid to FCF403.48%128.03%-32.56%-161.09%58.08%13.69%36.67%-118.83%82.57%-2.99%52.30%650.44%-402.30%-55.69%

Earnings

Report DateMar 28, 2013May 14, 2013Aug 13, 2013Nov 12, 2013Mar 5, 2014May 13, 2014Aug 12, 2014Nov 12, 2014Mar 11, 2015May 6, 2015Aug 5, 2015Nov 4, 2015Mar 9, 2016May 10, 2016Aug 9, 2016Oct 25, 2016Mar 14, 2017May 9, 2017Aug 3, 2017Nov 8, 2017Mar 14, 2018May 8, 2018Aug 7, 2018Nov 7, 2018Mar 12, 2019May 8, 2019Aug 7, 2019Nov 6, 2019Mar 11, 2020May 11, 2020Aug 6, 2020Nov 4, 2020Mar 11, 2021May 6, 2021Aug 5, 2021Nov 4, 2021Feb 24, 2022May 5, 2022Aug 4, 2022Nov 7, 2022Feb 27, 2023May 8, 2023Aug 7, 2023Nov 7, 2023Feb 27, 2024May 8, 2024Aug 7, 2024Nov 7, 2024Feb 25, 2025May 8, 2025Aug 7, 2025Nov 6, 2025Feb 26, 2026May 13, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate-0.380.430.490.410.380.410.410.400.480.500.410.430.390.440.460.370.350.330.350.370.370.400.420.410.420.360.400.410.370.630.360.410.420.450.450.510.590.460.450.430.410.370.360.290.260.260.250.210.12-0.01-0.24-0.11-0.13-0.25-0.24
EPS Actual0.990.130.330.330.980.210.360.350.460.510.380.540.080.14-0.110.070.350.330.340.390.370.470.470.480.340.340.370.400.430.010.700.570.510.410.520.640.670.480.460.440.420.300.350.280.260.290.07-0.28-0.03-0.09-0.14-0.94-0.09-1.00-0.47-
Surprise--65.79%-23.26%-32.65%139.02%-44.74%-12.20%-14.63%15.00%6.25%-24.00%31.71%-81.40%-64.10%-125.00%-84.37%-5.41%-5.71%3.03%11.43%0.00%27.03%17.50%14.29%-17.07%-19.05%2.78%0.00%4.88%-97.30%11.11%58.33%24.39%-2.38%15.56%42.22%31.37%-18.64%0.00%-2.22%-2.33%-26.83%-5.41%-22.22%-10.34%11.54%-73.08%-212.00%-114.27%-175.00%-1300.00%-291.67%18.18%-691.77%-88.00%-
Timing-------Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hours

Key Statistics & Ratios

Market Cap215.16M
Enterprise Value5.05B
Trailing P/E0.00
Forward P/E7.05
PEG Ratio2.74
Price / Sales5.91
Price / Book0.21
EPS-3.43
Book Value6.83
Revenue (TTM)-270.31M
Gross Profit (TTM)-303.80M
Profit Margin0.00%
Operating Margin349.97%
Return on Equity-33.45%
Return on Assets-7.05%
Shares Outstanding165.19M
Shares Float145.61M
Beta1.53
Dividend Yield3.01%
Dividend Rate0.04
Payout Ratio91.28%

Analyst Ratings

Hold
Based on 8 analystsTarget 1.80
  • Hold
    7
  • Sell
    1

Ownership Breakdown

Institutions
59.11%
Insiders
10.58%
Retail / Other
30.31%

Top Institutional Holders

  • BlackRock Inc
    14.50M8.78%
  • UBS Group AG
    11.29M6.83%
  • Private Management Group Inc
    7.24M4.38%
  • Vanguard Capital Management, LLC
    6.51M3.94%
  • Mason Capital Management LLC
    4.32M2.62%
  • Waterfall Asset Management, LLC
    3.91M2.37%
  • Geode Capital Management, LLC
    3.74M2.27%
  • State Street Corp
    3.39M2.05%
  • Charles Schwab Investment Management Inc
    3.23M1.96%
  • Jane Street Group LLC
    2.53M1.53%
  • The Goldman Sachs Group Inc
    2.08M1.26%
  • Marshall Wace Asset Management Ltd
    1.80M1.09%
  • Morgan Stanley - Brokerage Accounts
    1.70M1.03%
  • AQR Capital Management LLC
    1.63M0.99%
  • Northern Trust Corp
    1.47M0.89%
  • Qube Research & Technologies
    1.39M0.84%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    4.57M2.77%
  • iShares Russell 2000 ETF
    3.72M2.25%
  • iShares Mortgage Real Estate Capped ETF
    1.80M1.09%
  • Fidelity Small Cap Index
    1.60M0.97%

Dividends

20263×
0.01Sep 30, 20260.01Jun 30, 20260.01Mar 31, 2026
20254×
0.01Dec 31, 20250.13Sep 30, 20250.13Jun 30, 20250.13Mar 31, 2025
20244×
0.25Dec 31, 20240.25Sep 30, 20240.30Jun 28, 20240.30Mar 27, 2024
20235×
0.30Dec 28, 20230.36Sep 28, 20230.14Jun 29, 20230.26May 26, 20230.40Mar 30, 2023
20224×
0.40Dec 29, 20220.42Sep 29, 20220.42Jun 29, 20220.42Mar 30, 2022
20214×
0.42Dec 30, 20210.42Sep 29, 20210.42Jun 29, 20210.10Apr 1, 2021