Welcome to our dedicated page for Ready Capital news (Ticker: RC), a resource for investors and traders seeking the latest updates and insights on Ready Capital stock.
Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance REIT focused on lower-to-middle-market investor and owner-occupied commercial real estate loans and small-balance commercial lending. This news page aggregates company announcements, earnings releases, dividend declarations, and transaction updates related to Ready Capital’s lending, portfolio management, and capital markets activities.
Investors following RC news can review periodic earnings reports in which Ready Capital discusses GAAP results, its non-GAAP distributable earnings measure, loan originations in lower-to-middle-market commercial real estate and Small Business Lending, and actions taken to manage underperforming assets. These releases often describe portfolio sales, changes in loan and real estate exposure, and steps the company is taking to address balance sheet strength and liquidity.
News items also cover Ready Capital’s regular dividend declarations on its common stock and Operating Partnership units, as well as on its 6.25% Series C Cumulative Convertible Preferred Stock and 6.50% Series E Cumulative Redeemable Preferred Stock. These announcements provide details on declared amounts, record dates, and payment dates, reflecting the company’s REIT distribution practices.
In addition, Ready Capital issues updates on specific transactions and assets, such as securing ownership of collateral properties through consensual deed-in-lieu arrangements, and on activities of subsidiaries like iBusiness Funding, LLC, which supports SBA lending with its LenderAI platform. Regulatory news filed on Form 8-K, including earnings releases, investor presentations, and annual meeting voting results, also appears in the company’s news flow.
By using this page, readers can follow Ready Capital’s reported financial performance, lending volumes, asset sales, capital structure developments, and governance-related announcements in one place.
Ready Capital Corporation (NYSE: RC) reported closing over $800 million in more than 60 commercial real estate loans in Q3 2022. This achievement underscores the company's strong market position and ability to provide creative lending solutions even amid economic volatility. Chairman and CEO Thomas Capasse highlighted the firm's commitment to delivering certainty of execution, reiterating client trust in its diverse product suite. Ready Capital specializes in small to medium balance commercial loans, focusing on agency multifamily and SBA 7(a) business loans.
Ready Capital Corporation (NYSE: RC) has announced an increase of $25.0 million to its existing stock repurchase program, raising the total authorized amount to $50.0 million. This repurchase initiative aims to enhance shareholder value by allowing management to buy back shares based on market conditions and legal requirements. The program could be executed through various methods, including open market transactions. Investors are advised that the timing and volume of buybacks will be strategically assessed by management.
Ready Capital Corporation (NYSE: RC) declared a quarterly cash dividend of $0.42 per share for the quarter ending September 30, 2022, payable on October 31, 2022. Record shareholders by September 30, 2022, will receive this dividend. Furthermore, dividends were announced for the preferred stocks: $0.390625 for Series C and $0.40625 for Series E, payable on October 14 and October 31, respectively. These distributions reflect the company's ongoing commitment to delivering shareholder value through reliable dividends.
Waterfall Asset Management has promoted Leo Wong and Keerthi Raghavan to Partner from Managing Director, recognizing their contributions in developing the firm’s high yield ABS trading and residential loan strategies. Wong, with over 15 years in the industry, has been pivotal in residential loan investment since joining in 2007. Raghavan leads bond trading strategies focusing on various asset-backed securities. Waterfall, managing approximately $11.0 billion in assets, aims to continue expanding its market presence and delivering strong risk-adjusted returns.
Waterfall Asset Management has announced the opening of a new office in Hong Kong to enhance its operations in the Asia-Pacific (APAC) region. Alistair Ho, a seasoned credit professional with 18 years of experience, will lead the office as Managing Director and Head of APAC. The firm aims to leverage its expertise in structured and securitized markets to offer private debt solutions targeted at non-bank financial institutions and middle-market corporates. As of April 30, 2022, Waterfall manages $10.65B in assets under management (AUM).
Summary not available.
Ready Capital Corporation (RC) reported a GAAP earnings per share of $0.47 and distributable earnings per share of $0.48 for Q2 2022. The company achieved total investments of $2.1 billion for the quarter, contributing to a year-to-date investment activity of $5.2 billion—a 17% increase year-over-year. Key highlights included the closure of a $754.2 million commercial mortgage CLO and a $120 million offering of 6.125% Senior Unsecured Notes. A dividend of $0.42 was declared, with a coverage ratio of 1.4x.
Ready Capital Corporation (NYSE: RC) will release its Q2 2022 financial results after the NYSE closes on August 4, 2022. A webcast and conference call will take place on August 5, 2022, at 8:30 a.m. ET, to discuss the business update and financial results for the quarter ended June 30, 2022. Investors are encouraged to access the webcast for potential extended wait times on dial-in. The replay will be available on the Company's website for two weeks post-call.
Ready Capital Corporation (NYSE: RC) has formed a joint venture with Starz Real Estate, targeting to originate approximately €300 million in new commercial real estate loans over the next two years. The venture aims to provide loans between €10 million and €40 million across Europe, focusing on sectors such as office, residential, and logistics. This collaboration reflects increasing confidence in Starz, backed by a Middle East Sovereign Wealth Fund. Ready Capital's CEO emphasizes a commitment to expand its international commercial real estate lending business through this partnership.
Ready Capital Corporation (NYSE: RC) reported strong performance in Q2 2022 with total origination of $1.2 billion in commercial real estate and small business lending. The Bridge lending platform originated $839 million, while small business lending reached $129 million with significant efficiency gains. The company enhanced liquidity by closing a $754.2 million CRE CLO and a $276.8 million fixed rate securitization. CEO Thomas Capasse highlighted a $1 billion pipeline, indicating a positive outlook despite challenging market conditions.