Ready Capital: The Good, The Bad, And The Preferreds
Ready Capital trades at a 75% discount to book value, reflecting extreme market skepticism of management and persistent book value declines. RC's common dividend yield is nearly 20%, but a 50% cut is likely imminent due to uncovered payouts and mounting losses. RC's Series E preferreds offer an 11.6% yield and a 44% discount to liquidation value, presenting a more attractive risk/reward.
Ready Capital: Value Destruction Proceeds On Schedule
Ready Capital continues to face severe challenges. The leverage and rising delinquencies have already destroyed tons of tangible equity. RC remains suitable only for traders seeking short-term bounces, not long-term investors focused on capital preservation or yield stability.
Ready Capital Corporation (RC) Q3 2025 Earnings Call Transcript
Ready Capital Corporation ( RC ) Q3 2025 Earnings Call November 7, 2025 8:30 AM EST Company Participants Andrew Ahlborn - CFO & Secretary Thomas Capasse - Chairman, CEO & Chief Investment Officer Conference Call Participants Douglas Harter - UBS Investment Bank, Research Division Jade Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division Presentation Operator Greetings, and welcome to the Ready Capital Third Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.
Ready Capital (RC) Reports Q3 Loss, Lags Revenue Estimates
Ready Capital (RC) came out with a quarterly loss of $0.94 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.25 per share a year ago.
I Came In Like A Ready Capital!
Ready Capital reported another poor quarter with negative distributable earnings. Loans that are more than 60 days delinquent rose once again. The company borrowed more funds to buyback shares.
Ready Capital: Still Transitioning, With Potential Dividend Cuts
Ready Capital continues to face portfolio distress, despite progress in the transition. Old assets have run off or are disposed of with losses, and reinvested into RC's new focus. The dividend has endured many cuts, and continued losses make it unsustainable in my view. One bright side has been a share repurchase campaign at steep discounts to book value.
Ready Capital Corporation (RC) Q3 2025 Earnings Call Transcript
Ready Capital Corporation (NYSE:RC ) Q3 2025 Earnings Conference Call August 8, 2025 8:30 AM ET Company Participants Adam Zausmer - Chief Credit Officer Andrew Ahlborn - CFO & Secretary Thomas Edward Capasse - Chairman, CEO & Chief Investment Officer Conference Call Participants Christopher Whitbread Patrick Nolan - Ladenburg Thalmann & Co. Inc., Research Division Crispin Elliot Love - Piper Sandler & Co., Research Division Douglas Michael Harter - UBS Investment Bank, Research Division Jade Joseph Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division Randy Binner - B. Riley Securities, Inc., Research Division Operator Greetings.
Ready Capital (RC) Reports Q2 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Ready Capital (RC) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ready Capital (RC) Reports Q2 Loss, Misses Revenue Estimates
Ready Capital (RC) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.07 per share a year ago.
Earnings Preview: Ready Capital (RC) Q2 Earnings Expected to Decline
Ready Capital (RC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ready Capital: Distress And Opportunity, Why I Bought The Series E Preferreds
I've been accumulating RC's 6.50% Series E Preferreds, amid a significant year-to-date selloff. They're trading for 62 cents on the dollar and offer a 10.5% dividend yield. RC common shares are down 40% year-to-date, while the E preferreds have dipped 16%. I think the selloff is overdone and the preferreds provide a compelling risk-to-reward profile at their current level.
Ready Capital Corporation (RC) Q1 2025 Earnings Call Transcript
Ready Capital Corporation (NYSE:RC ) Q1 2025 Earnings Conference Call May 9, 2025 8:30 AM ET Company Participants Thomas Edward Capasse - Chairman, Chief Executive Officer and Chief Investment Officer Andrew Ahlborn - Chief Financial Officer Adam Zausmer - Chief Credit Officer Conference Call Participants Doug Harter - UBS Crispin Love - Piper Sandler Christopher Nolan - Ladenburg Thalmann Jade Rahmani - KBW Operator Greetings. Welcome to Ready Capital's First Quarter 2025 Earnings Conference Call.
