Ready Capital Corporation RC R2K

Real Estate · REIT - Mortgage · United States

https://www.readycapital.com

Ready Capital Corporation operates as a real estate finance company in the United States. The company operates through two segments: LMM Commercial Real Estate and Small Business Lending. Its LMM Commercial Real Estate segment originates LLM loans across the full life-cycle of an LLM property, including construction, bridge, stabilized, and agency loan origination channels. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program; and originates, and services USDA loans, as well as small business loans. The company originates, acquires, finances, and services lower-to-middle-market (LLM) commercial real estate loans, small business administration (SBA) loans, residential mortgage loans, construction loans, USDA loans, and mortgage-backed securities collateralized primarily by LLM loans, or other real estate-related investments. It has elected to be taxed as a real estate investment trust (REIT) and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. 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.

Market & Price

Market Cap

$294.66M

Current Price

$1.78

High / Low (52W)

$4.47 / $1.50

Beta

1.52

Valuation

Stock P/E

Industry PE

26.58

Forward P/E

PEG Ratio

2.74

Book Value

$7.43

Price to Book

0.24

P/S

-1.24

EV/EBITDA

Dividend Yield

2.25%

Profitability & Returns

ROCE

ROE

-28.49%

ROA

-6.12%

Profit Margin

0.00%

Op Margin

EPS (Latest Qtr)

$-1.25

EPS (TTM)

$-3.12

Balance Sheet & Liquidity

Debt/Equity

3.24

Quick Ratio

4.04

Current Ratio

4.96

Debt

$4.70B

Total Assets

$7.77B

Current Assets

Working Capital

Ownership

Promoter Holding

10.58%

Chg in Prom Hold

FII / Inst Holding

61.08%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$5.01B

Total Revenue (TTM)

$-238.20M

EBITDA

Free Cash Flow

Operating Cash Flow

$913.84M

Shares Outstanding

165.22M

Gross Margin

0.00%

Payout Ratio

91.28%

Growth (CAGR)

Revenue 5Y

-35.39%

Profit 5Y

-72.61%

Revenue (YoY)

Earnings (YoY)

PROS

No notable strengths flagged.

CONS

Revenue declined at -35.4% CAGR over 5 years.
Earnings shrank at -72.6% CAGR over 5 years.
Trading 60.1% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	RC Ready Capital Corporation R2K	1.78	-	$294.66M	2.25%	-	-28.49%	-35.39%	-72.61%
2	WELL Welltower Inc. SPX	205.33	99.19	$144.95B	1.44%	0.26%	3.67%	22.69%	87.90%
3	PLD Prologis, Inc. SPX	143.47	36.14	$133.76B	2.98%	4.94%	6.84%	13.74%	-0.36%
4	EQIX Equinix, Inc. SPX	1,068.04	74.07	$105.33B	1.84%	5.61%	10.06%	8.27%	24.18%
5	AMT American Tower Corporation SPX	186.96	30.11	$87.10B	3.73%	7.82%	29.95%	3.34%	12.73%
6	SPG Simon Property Group, Inc. SPX	204.91	14.25	$77.86B	4.29%	17.44%	113.59%	6.35%	29.32%
7	DLR Digital Realty Trust, Inc. SPX	190.00	50.53	$67.96B	2.57%	3.99%	5.69%	9.22%	51.32%
8	O Realty Income Corporation SPX	61.28	50.23	$57.14B	5.30%	3.27%	2.83%	19.80%	6.78%
9	PSA Public Storage SPX	303.69	31.34	$53.31B	3.95%	10.69%	20.18%	4.88%	-25.69%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-74.10M	-6.29M	43.77M	12.91M	-80.85M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	140.47M	135.84M	126.97M	110.85M	96.83M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77.20M	-88.69M	-26.88M	-264.19M	-216.76M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5.21M	-39.94M	-9.94M	-31.62M	-16.67M
Net Income	11.98M	8.25M	8.30M	8.02M	8.79M	24.05M	8.86M	10.50M	11.84M	12.10M	17.85M	15.30M	16.93M	9.18M	29.47M	10.97M	12.10M	20.43M	-50.45M	33.85M	34.56M	26.91M	-	-	-	-	-	-	-	-	-	-	-	-	-	79.50M	-55.49M	-18.75M	-234.18M	-201.73M
Diluted EPS	-0.76	-0.21	-0.38	-0.13	0.34	-	0.29	0.34	0.37	0.38	0.56	0.48	0.53	0.30	0.90	0.25	0.27	0.43	-0.98	0.62	0.63	0.49	0.49	0.38	0.60	0.66	0.45	0.50	0.29	1.76	0.25	-0.44	-0.23	-	-	0.46	-0.34	-0.13	-1.46	-1.25

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	383.33M	397.85M	49.33M	-23.70M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	392.36M	716.47M	696.46M	514.12M
Pretax Income	-	-	-	-	-	-	-	-	-	-	175.03M	358.42M	-516.51M	-302.56M
Tax Provision	-	-	-	-	-	-	-	-	-	-	15.47M	7.17M	-104.51M	-86.70M
Net Income	-	-	29.34M	40.38M	49.17M	43.29M	59.26M	72.97M	44.87M	-	194.26M	339.45M	-435.75M	-228.91M
Diluted EPS	7.13	0.92	3.08	1.59	1.85	1.38	1.84	1.72	0.81	-	1.66	2.22	-2.63	-1.44

Compounded Sales Growth

5 Years:	-35.39%
1 Year:	-

Compounded Profit Growth

5 Years:	-72.61%
1 Year:	-

Stock Price Performance

1 Year:	-57.27%
6 Months:	-28.59%
3 Months:	-3.18%
1 Month:	-3.78%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	201.65M	620.08M	792.40M	2.33B	2.61B	2.52B	3.04B	4.98B	5.37B	-	11.62B	12.44B	10.14B	7.77B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	6.33M	19.06M	218.08M	56.74M	41.57M	59.57M	63.42M	54.41M	67.93M	138.97M	-	147.40M	139.20M	143.80M	207.84M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	34.58M	144.60M	186.02M	96.17M
Total Liabilities	-	136.51M	442.31M	599.01M	1.85B	2.05B	1.97B	2.47B	4.13B	4.54B	-	9.73B	9.80B	8.21B	6.13B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	337.31M	440.31M	442.78M	-	6.34B	7.09B	5.70B	3.13B
Total Debt	-	-	-	-	-	-	-	-	-	-	-	6.68B	7.24B	6.04B	3.52B
Total Equity	-	45.04M	159.25M	173.24M	441.32M	513.10M	536.07M	544.83M	825.41M	815.40M	-	1.79B	2.54B	1.84B	1.54B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	110.52M	172.28M	162.79M	163.01M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2012	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	-	-	-	352.49M	140.30M	-52.40M	68.89M	-	359.15M	51.13M	274.81M	432.12M
Investing Cash Flow	-	-	389.57M	-235.73M	-580.76M	-1.21B	-59.44M	-	-1.56B	1.02B	1.54B	1.64B
Financing Cash Flow	-	144.59M	-381.36M	-106.50M	444.48M	1.30B	63.05M	-	1.17B	-1.09B	-1.88B	-2.04B
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-	-	359.15M	51.13M	274.81M	432.12M
Net Change in Cash	-	-	-	-	-	-	-	-	-26.30M	-14.51M	-69.95M	36.97M
Share Buybacks	14.18M	-	1.00K	-	-	-	9.23M	-	36.97M	18.11M	82.25M	67.60M

Ratios (Annual)

Figures in %.

Metric	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	50.7%	85.3%	-883.4%	965.8%
ROE %	-	-	16.9%	9.2%	9.6%	8.1%	10.9%	8.8%	5.5%	-	10.8%	13.4%	-23.7%	-14.8%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

10.58%

Institutions

61.08%

Public Float

68.31%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	8.77%	14.50M	$25.80M
2	UBS Group AG	6.83%	11.29M	$20.09M
3	Private Management Group, Inc.	4.38%	7.24M	$12.89M
4	Vanguard Capital Management LLC	3.94%	6.51M	$11.59M
5	Mason Capital Management, LLC	2.61%	4.32M	$7.69M
6	Waterfall Asset Management, LLC	2.37%	3.91M	$6.96M
7	Geode Capital Management, LLC	2.26%	3.74M	$6.66M
8	State Street Corporation	2.05%	3.39M	$6.04M
9	Charles Schwab Investment Management, Inc.	1.96%	3.23M	$5.75M
10	Jane Street Group, LLC	1.53%	2.53M	$4.51M

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