Ready Capital Corporation

Ready Capital Corporation

RC
Ready Capital CorporationUS flagNew York Stock Exchange
1.66
USD
-0.01
- -
274.26MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
2.36
10.97
15.34
4.69
6.17
5.63
4.71
7.16
4.33
3.59
2.71
0.29
-0.14
-0.19
Basic EPS, GAAP
0.92
3.68
5.07
1.85
1.38
1.85
1.74
0.84
2.19
1.74
2.26
-2.62
-1.44
-3.16
Free Cash Flow per Basic Share
1.12
-37.84
3.63
0.55
11.24
4.36
-1.27
1.28
-0.49
3.36
0.35
1.63
2.63
5.57
Dividend per Share
1.43
2.17
4.47
1.76
1.54
1.6
1.51
1.06
1.63
1.76
1.46
1.22
0.69
0.44
Book Value per Share
-0.68
1.13
-0.74
-0.01
-0.11
0.16
0.21
-0.45
0.13
0.05
0.85
-2.99
-4.91
-6.17
Tangible Book Value per Share
24.44
17.29
56.69
17.44
14.61
13.75
16.74
13.05
13.4
15.33
16.13
9.52
8.01
6.81
Basic Weighted Avg Shares
7
8
8
27
31
32
42
54
69
107
147
169
165
164
Sales/Revenue/Turnover
17
87
122
125
194
180
198
385
296
383
398
49
-24
-30
Operating Margin (%)
56.65
11.27
-26.09
-0.24
-12.86
-67.31
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
1
1
- -
- -
- -
- -
- -
- -
- -
- -
3
6
Net Income, GAAP
7
29
40
49
43
59
73
45
158
194
339
-436
-229
-510
Effective Tax Rate (%)
- -
2.47
14.67
14.8
3.86
2.21
- -
15.4
11.24
8.84
2
- -
- -
- -
Profit Margin (%)
38.89
33.55
33.03
39.35
22.37
32.83
36.88
11.67
53.23
50.68
85.32
-883.42
965.85
1,674.87
Working Capital
48
26
3
318
-5
1,403
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
55
356
1,136
891
1,138
1,472
2,746
2,754
4,460
6,345
7,094
5,718
3,139
2,354
Total Equity
178
193
480
552
555
564
845
834
1,281
1,890
2,638
1,936
1,643
1,440
Return on Invested Capital (%)
6.54
2.21
-2.31
-0.01
-1.28
-5.63
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
12.39
9.57
4.13
3.56
3.06
10.56
- -
1.37
3.76
3.1
4.57
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
- -
1,040.47
- -
- -
2,737.01
512.16
- -
- -
- -

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
418
385
358
LT Borrowings
3,350
3,131
2,346
LT Finance Leases
9
9
8
Preferred Equity and Hybrid Capital
111
111
111
Shares Outstanding
162
163
165
Market Capitalization
642
359
266

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
148
208
201
Accounts Receivable, Net
181
96
77
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
139
115
97
ST Debt
418
385
358
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
16.46%
19.79%
-15.11%
Free Cash Flow
91.07%
-180.06%
57.24%
Net Income, GAAP
10.49%
14.72%
-47.47%
Sales/Revenue/Turnover
-7.11%
-45.09%
-148.05%
Total Cash Common Dividend
17.39%
23.95%
-46.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-67
-25
62
58
49
2025
-74
-6
44
13
-24
2026
-81
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.44
-0.23
-0.07
-1.9
-2.62
2025
0.47
-0.34
-0.13
-1.46
-1.44
2026
-1.24
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.32
0.31
0.32
0.27
1.22
2025
0.27
0.14
0.14
0.14
0.69
2026
0.02
- -
- -
- -
- -

Company Description

APIChat
CEO
Thomas Edward Capasse
Full Time Employees
475
Sector
Real Estate
Industry
REIT - Mortgage
Address
1251 Avenue of the Americas New York City NY United States of America 10020
IPO Date
Feb 8, 2013
Business
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans; its offerings include agency multifamily loans through Freddie Mac Optigo seller/servicer channels, investor and bridge loans, construction loans, stabilized loans, and U.S. Small Business Administration Section 7(a) program loans for owner-occupied properties. The company operates through two primary segments, LMM Commercial Real Estate, which covers the full lifecycle of lower-to-middle-market properties via subsidiaries such as ReadyCap Commercial, LLC, and Small Business Lending, which focuses on SBA-guaranteed loans via ReadyCap Lending, LLC. Headquartered in New York, New York, at 1251 Avenue of the Americas, 50th Floor, Ready Capital employs approximately 350 to 600 lending professionals nationwide, serving customers across the United States with a focus on small- to medium-sized balance commercial loans backed by properties including multifamily, office, retail, mixed-use, and warehouse assets; founded in 2012, it functions as a commercial mortgage real estate investment trust. In March 2025, Ready Capital completed its acquisition of United Development Funding IV (UDF IV) pursuant to a merger agreement dated November 29, 2024, converting each UDF IV share into 0.416 shares of Ready Capital common stock and 0.416 contingent value rights tied to cash proceeds from five specified UDF IV loans over four periods starting October 1, 2024, thereby scaling its portfolio with residential land loans concentrated in high-growth markets like Dallas-Fort Worth and expanding its core real estate finance operations.

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