Ready Capital ( (RC) ) has released its Q2 earnings. Here is a breakdown of the information Ready Capital presented to its investors.
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Ready Capital Corporation is a multi-strategy real estate finance company based in New York, specializing in originating, acquiring, financing, and servicing lower-to-middle-market commercial real estate loans, including small business and government-backed loans.
In its second quarter 2025 earnings report, Ready Capital Corporation announced a GAAP loss per common share from continuing operations of $(0.31) and a distributable loss per common share of $(0.14). The company highlighted its strategic liquidation of underperforming assets, which is expected to support future profitability.
Key financial metrics from the quarter include $173 million in LMM commercial real estate originations and $359 million in small business lending, including significant contributions from SBA and USDA loans. The company also completed the sale of its Residential Mortgage Banking segment and repurchased approximately 8.5 million shares of its common stock. Additionally, Ready Capital issued $50 million in senior secured notes due in 2028.
Despite the losses, Ready Capital’s management remains optimistic about the future, focusing on its core multi-family bridge portfolio and strategic asset liquidations to restore profitability. The company’s recent acquisition of a mixed-use asset in Portland, Oregon, and the sale of 21 loans for $85 million are part of its ongoing efforts to streamline operations and enhance liquidity.
Looking ahead, Ready Capital Corporation is poised to leverage its strategic initiatives and asset management strategies to navigate the current real estate cycle, aiming for a return to profitability as market conditions stabilize.