Earnings ·
Ready Capital Corporation reported a GAAP net loss of $99.7 million, or $(0.63) per common share, for the quarter…
RC-PEReady Capital Corp
Ready Capital Corporation reported a GAAP net loss of $99.7 million, or $(0.63) per common share, for the quarter ended June 30, 2026. Distributable loss was $73.6 million, or $(0.47) per share, before realizing losses on investments. The company generated $1.4 billion in cash year-to-date from loan sales and portfolio runoff, retiring over $1 billion in asset-level financing and $184 million of corporate debt, including the 6.20% Senior Unsecured Notes. Total loan originations reached $278.8 million, comprising $155.9 million in lower-to-middle-market commercial real estate loans and $82.1 million in SBA 7(a) loans. Book value per share declined to $6.83 as of June 30, 2026. Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market commercial real estate loans.