Ready Capital Corp (RC) Ready Capital Corporation is a U.S.-based entity primarily engaged in the real estate finance sector. Its business activities encompass the procurement, generation, administration, servicing, and funding of various loan types, including commercial loans of small to moderate value (SBC loans), those guaranteed by the Small Business Administration (SBA loans), and residential mortgages. Additionally, it deals in mortgage-backed securities, predominantly supported by SBC loans or other property-linked financial instruments. The organization conducts its operations through three distinct divisions: SBC Lending and Acquisitions: This division, leveraging its subsidiary ReadyCap Commercial, LLC, creates SBC loans. These loans are typically collateralized by investor properties, whether stable or undergoing transition, and are sourced via multiple origination avenues. Small Business Lending: Operating through ReadyCap Lending, LLC, this segment focuses on the acquisition, generation, and servicing of owner-occupied loans. These are secured by guarantees from the SBA, specifically under its Section 7(a) Program. Residential Mortgage Banking: Via its subsidiary GMFS, LLC, this division is responsible for initiating residential mortgage loans. For federal income tax considerations, the company holds the designation of a real estate investment trust (REIT). Consequently, it typically avoids federal corporate income taxation, provided it disburses a minimum of 90% of its taxable earnings to its shareholders. Historically, the firm operated as Sutherland Asset Management Corporation before adopting the name Ready Capital Corporation in September 2018. Established in 2007, its main office is situated in New York City, New York.
Sector: Real Estate Investment Trusts
Industry: REIT - Mortgage
Ready Capital Corporation NYSE:RC Real Estate · REIT - Mortgage
Mkt Cap $140.69M
Div Yield 4.70%
CLOSED · Nov 6 $0.8517 CLOSED · Nov 6 Prev close $1.07 Close $0.8517 0.00% AH close $0.8517 VOL 7.56M $ Vol $6.83M RVOL 3.80x
Mkt Cap $140.69M
VOL 7.56M sh
$ Vol $6.83M
RVOL 3.80×
Div Yield 4.70%
Press Release ● Major ⚠ 5
Ready Capital Corporation Reports Third Quarter 2026 Results
Ready Capital reported a Q3 2026 GAAP loss of $(0.40) per share versus $(0.13) a year earlier, with a distributable loss of $(0.53) per share including $51.9 million of realized losses on investment sales.
The company issued $225.0 million of 10.00% Senior Secured Notes due 2031 and retired its entire $350.0 million of 4.50% notes, completing the cleanup of 2026 corporate maturities; the 10% coupon signals materially higher funding costs.
Book value fell to $6.44 per share, total assets shrank to $5.78 billion from $7.77 billion at year-end, and the common dividend was cut to $0.01 per share.
Management's stated priorities now are bringing distributable earnings and free cash flow to breakeven and resolving the remaining legacy non-performing commercial loan portfolio; the Portland Ritz asset showed progress with hotel occupancy up 18% YoY to 58% and RevPar up 35% to $271.
• 3d ago AI analysis › Press Release
Ready Capital Corporation Announces Third Quarter 2026 Results and Webcast Call
Ready Capital Corporation will release its third quarter 2026 financial results after the NYSE close on Thursday, November 5, 2026.
Management will host a webcast and conference call on Friday, November 6, 2026 at 8:30 a.m. ET to discuss results for the quarter ended September 30, 2026.
This is a scheduling notice only; no financial figures or business updates were included.
• 9d ago AI analysis › Press Release ● Critical
Ready Capital Corporation Prices $225 Million of Senior Secured Notes Due 2031 and Announces Redemption of $350 Million of Notes Due 2026
globenewswire.com • 1mo ago Press Release
Ready Capital Corporation Declares Third Quarter 2026 Dividends
Ready Capital Corporation's board declared a quarterly cash dividend of $0.01 per share of common stock and Operating Partnership units for the quarter ended September 30, 2026.
The common dividend is payable October 30, 2026 to shareholders of record at the close of business September 30, 2026.
The board also declared quarterly preferred dividends of $0.390625 per share on the 6.25% Series C and $0.40625 per share on the 6.50% Series E preferred stock.
This is a routine, unchanged capital-return announcement from the New York-based commercial real estate finance company with no new financial or operating disclosures.
• 1mo ago AI analysis › Press Release ⚠ 2
Waterfall Asset Management and Delaware Life Complete Refinancing of The Torrance in Southern California
Waterfall Asset Management and Delaware Life closed a $64.7 million loan facility refinancing The Torrance, a 301,000-square-foot, eight-story Class A office property in Torrance, California.
The financing, provided by Waterfall managed accounts and Delaware Life, supports an in-place leasing strategy focused on long-term tenant renewals and filling available space; Newmark's Global Debt & Structured Finance team assisted in securing the transaction.
For Ready Capital (NYSE: RC) the relevance is indirect — Waterfall is Ready Capital's external manager, and the release does not state that Ready Capital or its vehicles participated in the loan. Treat this as manager-level marketing rather than an RC disclosure.
• 2mo ago AI analysis › Press Release
Lincoln, Saber-Hightower and Waterfall Acquire $450M Tri-State Mixed-Asset Portfolio
Waterfall Asset Management, the external manager of Ready Capital Corporation, partnered with Lincoln Property Company and Saber-Hightower to acquire a $450 million Tri-State portfolio spanning 4 million square feet across New York, New Jersey, and Connecticut.
The portfolio is headlined by iPark 84, a 270-acre business park with 1.8 million square feet, and includes mixed-use assets in Edgewater and Norwalk.
Although the deal represents Waterfall's largest real estate acquisition to date, the release does not specify Ready Capital's direct equity participation in the transaction.
• 2mo ago AI analysis › Press Release ⚠ 3
Ready Capital Corporation Reports Second Quarter 2026 Results
Ready Capital reported a Q2 GAAP loss of $(0.63) per share, widening from a $(0.34) loss in the prior year, as interest income dropped 49% to $77.4 million.
The board slashed the quarterly dividend to $0.01 from $0.125, while book value per share decreased to $6.83.
Management highlighted progress on balance sheet repositioning, generating $1.4 billion in cash year-to-date from loan sales and paying down over $1 billion in debt.
• 3mo ago AI analysis › Press Release
Ready Capital Corporation Announces Second Quarter 2026 Results and Webcast Call
Ready Capital Corporation announced that it will release its second quarter 2026 financial results after the market closes on Thursday, August 6, 2026.
Management plans to host a webcast and conference call on Friday, August 7, 2026, at 8:30 a.m. Eastern Time to discuss the quarterly performance and business update.
The company operates as a multi-strategy real estate finance firm, focusing on lower-to-middle-market commercial real estate loans and U.S. Small Business Administration loans.
• 3mo ago AI analysis › Press Release
ReadyCap Lending Completes $145 Million SBA 7(a) Loan Securitization
globenewswire.com • 3mo ago Press Release
Ready Capital Corporation Declares Second Quarter 2026 Dividends
Ready Capital Corporation declared a quarterly cash dividend of $0.01 per share of common stock for the quarter ended June 30, 2026.
The company also announced dividends on its preferred stock, with $0.390625 per share for the 6.25% Series C Cumulative Convertible Preferred Stock and $0.40625 per share for the 6.50% Series E Cumulative Redeemable Preferred Stock.
Common stock and Series E dividends are payable on July 31, 2026, while the Series C dividend is payable on July 15, 2026, all to shareholders of record as of June 30, 2026.
• 4mo ago AI analysis › Press Release ● Major
Ready Capital Corporation Reports First Quarter 2026 Results
globenewswire.com • 6mo ago Press Release
Ready Capital Corporation Announces First Quarter 2026 Results and Webcast Call
Ready Capital Corporation announced it will release its first quarter 2026 financial results after the New York Stock Exchange closes on Thursday, May 7, 2026.
Management plans to host a conference call and webcast on Friday, May 8, 2026 at 8:30 a.m. Eastern Time to discuss the quarterly performance.
The company provided dial-in numbers and webcast details, noting that a replay will be available approximately two hours after the live call.
• 6mo ago AI analysis › Press Release
Ready Capital Corporation Provides Business Update
globenewswire.com • 7mo ago Press Release ● Critical
Waterfall Asset Management Originates $19.5 Million Loan to Support Acquisition of Greenwich Village Retail Property
prnewswire.com • 7mo ago Press Release
Waterfall Asset Management Provides $127 Million Refinancing for Chesterbrook Office Campus
prnewswire.com • 7mo ago 
