Ready Capital Corporation (RC)
Ready Capital Q2 Earnings Call Highlights
Ready Capital NYSE: RC said its second-quarter results reflected continued progress in a balance sheet repositioning plan, including portfolio sales, debt paydowns and new financing initiatives, as the company works to meet remaining 2026 debt maturities and return to sustainable profitability.
Ready Capital Corporation (RC) Q2 2026 Earnings Call Transcript
Ready Capital Corporation (RC) Q2 2026 Earnings Call Transcript
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The Cohen & Steers Infrastructure Fund offers a 7.3% monthly yield by investing in infrastructure equities, currently trading at an 8% discount to NAV and using 28% leverage. UTF's strategy combines stable, hard-asset exposure with a focus on total return, benefiting from secular tailwinds and potential rate advantages if borrowing costs fall. The Rithm Capital Corp. preferred shares yield 7% until 2026, then reset to 5-year Treasury plus 6.223%, offering potential upside to a 10% yield if not called.
Ready Capital Q1 Earnings Call Highlights
Ready Capital NYSE: RC said its first-quarter 2026 results reflected continued pressure from a balance sheet repositioning plan aimed at raising liquidity, reducing leverage and addressing underperforming commercial real estate assets.
Ready Capital Corporation (RC) Q1 2026 Earnings Call Transcript
Ready Capital Corporation (RC) Q1 2026 Earnings Call Transcript
Ready Capital (RC) Reports Q1 Loss, Misses Revenue Estimates
Ready Capital (RC) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.13. This compares to break-even earnings per share a year ago.
Ready Capital: The Series E Preferreds Are Cheap But Risky
Ready Capital's Series E Preferreds trade at a 54% discount to their redemption value, offering a 14% current yield. RC's common shares have suffered severe losses and dividend cuts, making them unattractive for income investors despite a steep 79% discount to book value. RC maintains sufficient liquidity, with $207.8 million in cash and $8 million in annual preferred coupon obligations, supporting continued preferred payments.
Ready Capital: 14% YTM Bonds Offer The Best Risk-Reward
Ready Capital Corporation continues to see accelerating book value destruction, with Q4-2025 losses and deteriorating credit metrics undermining any investment case. RC's liabilities-to-equity ratio has worsened (3.7x), net interest margins remain deeply negative, and non-accruals in both core and non-core portfolios have surged. Management projects $500 million in free cash flow by year-end via asset sales and runoff, aiming to address major debt maturities, but execution risk remains high.
Ready Capital Corporation (RC) Q4 2025 Earnings Call Transcript
Ready Capital Corporation (RC) Q4 2025 Earnings Call Transcript
Ready Capital (RC) Reports Q4 Loss, Lags Revenue Estimates
Ready Capital (RC) came out with a quarterly loss of $0.09 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.23 per share a year ago.
Ready Capital Corporation (RC) Q2 2025 Earnings Call Transcript
Ready Capital Corporation (RC) Q2 2025 Earnings Call Transcript
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.
