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Ready Capital Corp

Real Estate US RC

1.705USD
0.14(9.29%)

Last update at 2026-06-04T18:08:00Z

Day Range

1.581.74
LowHigh

52 Week Range

8.3612.05
LowHigh

Fundamentals

  • Previous Close 1.56
  • Market Cap1898.69M
  • Volume1245048
  • P/E Ratio4.63
  • Dividend Yield9.70%
  • Revenue TTM450.68M
  • Revenue Per Share TTM3.43
  • Gross Profit TTM 470.58M
  • Diluted EPS TTM2.36

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Analyst Recommendations

Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 232.90M 189.06M 54.45M 64.50M 62.84M
Minority interest -8.90000M -2.23000M 1.20M 2.09M 2.20M
Net income 194.26M 157.74M 44.87M 72.97M 59.26M
Selling general administrative 131.18M 118.44M 115.58M 66.39M 70.12M
Selling and marketing expenses 2.12M 3.02M 1.97M 2.05M -
Gross profit 404.94M 324.97M 215.77M 112.95M 129.52M
Reconciled depreciation - - - - -
Ebit 624.77M 400.39M 228.74M 64.50M -162.55600M
Ebitda 644.83M 186.83M 53.25M 62.42M 128.82M
Depreciation and amortization 20.06M -23.56300M 33.55M - 291.38M
Non operating income net other - - - - -
Operating income 624.77M 186.83M 53.25M 62.42M -121.49300M
Other operating expenses 18.09M 196.55M 216.89M 49.04M 121.49M
Interest expense 400.77M 213.56M 175.48M 151.88M 109.24M
Tax provision 29.73M 29.08M 8.38M -10.55200M 1.39M
Interest income 121.72M 403.50M 16.19M 229.92M 169.50M
Net interest income 270.40M 189.94M 83.16M 78.04M 60.26M
Extraordinary items - - - - 0.55M
Non recurring - - - - -
Other items - - - - -
Income tax expense 29.73M 29.08M 8.38M -10.55200M 1.39M
Total revenue 460.25M 383.37M 270.14M 146.11M 158.26M
Total operating expenses 18.09M -196.54600M -216.88800M 49.04M 121.49M
Cost of revenue 55.30M 58.40M 54.37M 33.16M 28.75M
Total other income expense net -391.87400M 2.23M 1.20M 2.09M 125.53M
Discontinued operations - - - - -
Net income from continuing ops 203.16M 159.97M 46.07M 75.06M 61.46M
Net income applicable to common shares 176.71M 150.24M 44.87M 72.97M 59.26M
Preferred stock and other adjustments - 7.50M - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 11620.98M 9534.03M 5372.10M 4977.02M 3036.84M
Intangible assets 279.32M 204.60M 114.66M 121.97M 120.06M
Earning assets - - - - -
Other current assets 535.48M 8727.36M -23.82700M 4107.80M 1411.75M
Total liab 9722.38M 8253.43M 4537.89M 4132.23M 2472.77M
Total stockholder equity 1799.45M 1276.10M 815.40M 825.41M 544.83M
Deferred long term liab 41.84M 29.76M 16.55M 15.09M 11.23M
Other current liab -176.52000M -655.96200M -678.60500M -477.61000M -137.28300M
Common stock 0.01M 0.00800M 0.00500M 0.00500M 0.00300M
Capital stock 119.75M 119.75M 0.00500M 0.00500M 0.00300M
Retained earnings 4.99M 8.60M -24.20300M 8.75M 5.27M
Other liab 40.30M 16.40M - - 1.21M
Good will 37.82M 31.47M 11.21M 11.21M -
Other assets 10897.74M 8848.98M 4930.46M 4588.01M 1547.26M
Cash 163.04M 229.53M 138.97M 67.93M 54.41M
Cash and equivalents 163.04M 229.53M 138.97M 67.93M 54.41M
Total current liabilities 457.75M 655.96M 678.61M 477.61M 86.86M
Current deferred revenue - - - - -48.68600M
Net debt 9026.55M 6744.69M 3981.78M 3862.39M 2252.49M
Short term debt 457.75M 471.88M 542.95M 380.20M 199.31M
Short long term debt 517.02M 471.88M 542.95M 380.20M 199.31M
Short long term debt total 9189.59M 6974.22M 4120.75M 3930.32M 2306.90M
Other stockholder equity 1684.07M 1161.85M 849.54M 822.84M 540.48M
Property plant equipment 1.69M 2.40M 3.17M 4.53M -
Total current assets 289.93M 237.40M 156.28M 111.19M 1489.58M
Long term investments 153.99M 240.64M 141.22M 120.24M 150.77M
Net tangible assets 1625.58M 1164.73M 815.40M 825.41M 544.83M
Short term investments 118.64M 141.15M - - -
Net receivables 8.25M 7.87M 17.31M 43.27M 8.89M
Long term debt 9335.96M 6974.22M 1494.25M 1305.68M 948.15M
Inventory - - - - 14.54M
Accounts payable 176.52M 184.08M 135.66M 97.41M 73.51M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - 4.49M 18.81M 19.37M 19.24M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -9.36900M -5.73300M -9.94700M -6.17600M -0.92200M
Additional paid in capital - - - - -
Common stock total equity - 0.00800M 0.00500M 0.00500M 0.00300M
Preferred stock total equity - 111.38M - - -
Retained earnings total equity - 8.60M -24.20300M 8.75M 5.27M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -1.68700M -447.64500M -285.35500M -277.81600M 1259.74M
Deferred long term asset charges - - - - -
Non current assets total 433.31M 447.64M 285.36M 277.82M 1547.26M
Capital lease obligations 1.78M 3.00M 3.67M - -
Long term debt total 9335.96M 7915.72M 1494.25M 1305.68M 948.15M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -1556.42800M 1974.50M -263.02800M -745.31800M -391.45800M
Change to liabilities -58.42500M 29.61M 43.38M 24.82M 0.19M
Total cashflows from investing activities -1556.42800M -1718.40500M -59.44200M -1212.79200M -580.75900M
Net borrowings 1345.25M 1980.40M 165.56M 387.71M 269.65M
Total cash from financing activities 1170.98M 1875.69M 63.05M 1298.20M 444.48M
Change to operating activities 62.20M -53.04700M 16.66M -18.73000M -0.68400M
Net income 203.16M 159.97M 46.07M 75.06M 61.46M
Change in cash -26.30100M 122.85M 72.50M 33.01M 4.02M
Begin period cash flow 323.33M 200.48M 127.98M 94.97M 90.95M
End period cash flow 297.03M 323.33M 200.48M 127.98M 94.97M
Total cash from operating activities 359.15M -34.44100M 68.89M -52.39700M 140.30M
Issuance of capital stock 123.49M 165.05M 13.41M 91.39M 0.09M
Depreciation 15.06M -23.56300M 33.55M 14.41M 15.47M
Other cashflows from investing activities -1545.45600M -1718.40500M 203.91M -467.35700M -187.73100M
Dividends paid 187.83M 111.92M 56.88M 63.33M 51.32M
Change to inventory - -29.61500M -55.14700M -29.90300M -
Change to account receivables -3.73100M 8.14M 11.77M 5.08M -
Sale purchase of stock -36.96900M -109.37400M -10.51600M 6898.86M -0.10300M
Other cashflows from financing activities 12851.74M 17098.42M 7352.55M -29.39400M 4275.35M
Change to netincome 178.11M -185.76500M 32.21M -40.59200M -93.40100M
Capital expenditures 10.97M 3704.81M 0.33M 0.89M 0.36M
Change receivables - 9.51M -0.01000M 7.56M -2.13200M
Cash flows other operating - -152.12900M -86.30800M -133.64700M 245.14M
Exchange rate changes - - - - -
Cash and cash equivalents changes - 122.85M 72.50M 33.01M 4.02M
Change in working capital -28.28600M -17.25000M 71.90M -15.17400M -12.58100M
Stock based compensation 7.50M 6.92M 5.30M 1.48M 0.45M
Other non cash items 176.78M -184.08500M -54.37700M -113.75500M 171.49M
Free cash flow 359.15M -3739.24900M 68.89M -53.29100M 139.94M

Peer Comparison

Sector: Real Estate Industry: REIT - Mortgage

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
RC
Ready Capital Corp		 0.14 9.29% 1.71 4.63 9.70 4.13 0.74 6.78 15.96
AGNC
AGNC Investment Corp.		 0.17 1.67% 10.34 8.39 6.99 6.97 1.16 0.03
NLY
Annaly Capital Management, Inc.		 0.13 0.61% 21.30 - 6.90 2.27 1.11
AGNCM
AGNC Investment Corp.		 0.02 0.09% 25.12 - - 4.89 -
AGNCN
AGNC Investment Corp.		 -0.01 0.04% 25.69 - - 4.86 -

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Profile

Ready Capital Corporation operates as a real estate finance company in the United States. The company originates, acquires, finances, and services small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, construction loans, and mortgage-backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment originates SBC loans across the full life-cycle of an SBC property, including construction, bridge, stabilized, and agency channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment originates residential mortgage loans. The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018. Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.

Ready Capital Corp

1251 Avenue of the Americas, New York, NY, United States, 10020

Key Executives

Name Title Year Born
Mr. Andrew Ahlborn CPA CFO & Sec. 1984
Mr. Gary T. Taylor Chief Operating Officer 1959
Mr. Thomas Edward Capasse Chairman, CEO & Chief Investment Officer 1957
Mr. Jack Jay Ross CPA Pres & Director 1957
Mr. Brian Dunn Director of Fin. Division NA
Mr. Alex Ovalle MD & National Sales Mang. NA
Mr. Richard Katzenstein MD & Head of Strategic Partnerships NA
David A. Cohen MD & Co-Head of the National Bridge Lending Platform NA

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