Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
08 February 2013Website:
http://www.readycapital.comNext earnings report:
27 February 2025Last dividends:
30 September 2024Next dividends:
N/APrice
pre-market | 28 min agoAnalysts recommendations
Institutional Ownership
RC Latest News
Ready Capital Corporation (NYSE:RC ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Office Thomas Capasse - Chief Executive Officer Andrew Ahlborn - Chief Credit Officer Adam Zausmer - Chief Credit Officer Conference Call Participants Crispin Love - Piper Sandler Douglas Harter - UBS Jade Rahmani - KBW Stephen Laws - Raymond James Christopher Nolan - Landenburg Thalmann Matt Howlett - B. Riley Securities Operator Greetings, and welcome to the Ready Capital Third Quarter 2024 Earnings Call.
Ready Capital (RC) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.28 per share a year ago.
Investors need to pay close attention to Ready Capital (RC) stock based on the movements in the options market lately.
NEW YORK, Sept. 13, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2024. This dividend is payable on October 31, 2024, to shareholders of record as of the close of business on September 30, 2024.
Ready Capital Corporation reported terrible Q2 2024 numbers. The distributable earnings were down to just 7 cents. But the stock did not react negatively, and we go over why we think that is.
- GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.21) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.07 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.19 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 2.6% -
FORT LAUDERDALE, Fla. , June 24, 2024 /PRNewswire/ -- iBusiness Funding LLC (iBusiness), the technology and lending services division of Ready Capital Corporation (NYSE: RC), and Funding Circle Holdings plc are pleased to announce a share purchase agreement, positioning iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA.
NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2024. This dividend is payable on July 31, 2024, to shareholders of record as of the close of business on June 28, 2024.
NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that Tom Capasse, Ready Capital's Chairman and Chief Executive Officer, will present at REITweek 2024: Nareit's Investor Conference at the New York Hilton Midtown on Wednesday, June 5, 2024 at 2:00 p.m. Eastern Time.
NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”) proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL), as it closed $265.7 million of SBA 7(a) loans in the first four months of 2024. This achievement represents a remarkable 103% increase from the same period in the previous year, underscoring the success of its dual strategy catering to both large and small loans per SBA guidelines.
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What type of business is Ready Capital?
Ready Capital Corporation operates as a real estate finance company in the United States. It operates through two segments: LMM Commercial Real Estate and Small Business Lending. 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, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments. The 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 acquires purchased future receivables. The company 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.
What sector is Ready Capital in?
Ready Capital is in the Real Estate sector
What industry is Ready Capital in?
Ready Capital is in the Mortgage industry
What country is Ready Capital from?
Ready Capital is headquartered in United States
When did Ready Capital go public?
Ready Capital initial public offering (IPO) was on 08 February 2013
What is Ready Capital website?
https://www.readycapital.com
Is Ready Capital in the S&P 500?
No, Ready Capital is not included in the S&P 500 index
Is Ready Capital in the NASDAQ 100?
No, Ready Capital is not included in the NASDAQ 100 index
Is Ready Capital in the Dow Jones?
No, Ready Capital is not included in the Dow Jones index
When was Ready Capital the previous earnings report?
No data
When does Ready Capital earnings report?
The next expected earnings date for Ready Capital is 27 February 2025