Ready Capital Vergangene Ertragsentwicklung
Vergangenheit Kriterienprüfungen 0/6
Die Gewinne von Ready Capital sind mit einer durchschnittlichen Jahresrate von -54.3% zurückgegangen, während die Gewinne der Branche Mortgage REITs um 1.7% pro Jahr zurückgingen. Die Umsätze sind zurückgegangen mit einer durchschnittlichen Jahresrate von 48.7%.
Wichtige Informationen
-54.32%
Wachstumsrate der Gewinne
-57.08%
EPS-Wachstumsrate
| Mortgage REITs Wachstum der Industrie | 4.45% |
| Wachstumsrate der Einnahmen | -48.74% |
| Eigenkapitalrendite | -34.40% |
| Netto-Marge | 215.74% |
| Letzte Ertragsaktualisierung | 31 Mar 2026 |
Jüngste Aktualisierungen vergangener Leistungen
Recent updates
Neues Narrativ • Jun 01
Liquidity Reset And SBA Lending Expansion Will Transform Earnings Power Over The Long Term
Catalysts About Ready Capital Ready Capital focuses on middle market commercial real estate debt investing and SBA 7(a) small business lending. What are the underlying business or industry changes driving this perspective?Seeking Alpha • May 29
Ready Capital: It Is Easier To Make Than Implement A Liquidity Plan
Summary Ready Capital (RC) faces rapid deterioration in its Core Portfolio, with negative net interest margins and falling cash yields across CRE and SBA loans. RC’s strategic shifts— reducing non-performing loan sales, altering capital deployment, and moving away from small-balance loans—signal instability and operational risk. Compensation and management fees remain high despite a shrinking asset base, further pressuring profitability and incentivizing riskier capital allocation. Slowing condo sales at Block 216 and rising delinquencies in the SBA portfolio compound liquidity concerns, making a sustained turnaround unlikely. Read the full article on Seeking Alpha
Neues Narrativ • May 12
Shrinking Balance Sheet And Funding Risks Will Pressure Earnings For Years
Catalysts About Ready Capital Ready Capital focuses on middle market commercial real estate lending and SBA 7(a) small business lending. What are the underlying business or industry changes driving this perspective?
Neues Narrativ • Mar 05
Balance Sheet Repositioning And SBA Lending Shift Will Support Future Earnings Stability
Catalysts About Ready Capital Ready Capital is a finance company focused on commercial real estate lending and capital light small business lending, including SBA 7(a) loans. What are the underlying business or industry changes driving this perspective?Seeking Alpha • Mar 19
Ready Capital Bulls, You Need To Consider A Safer Approach
Summary Closed position in Ready Capital Corporation baby bonds due to poor earnings and reentered; prefer higher capital structure for troubled companies, using common stock as a cushion and signal. Bullish on RC implies expecting higher BV multiple and steady 6% ROE, but financing costs and past performance make this unlikely. Leveraged RCD bonds offer close to a 17% yield, comparable to a bullish RC scenario, with lower risk and better risk-adjusted returns. Bonds provide a safer investment with a cushion from common stock and preferred stocks, allowing flexibility to react to equity weakness. Read the full article on Seeking AlphaSeeking Alpha • Feb 21
Ready Capital: Ritz-Carlton Portland Loan And Trump Administration's Potential View On SBA Loans Spell Trouble
Summary Ready Capital holds a $400+ million construction loan secured by the Ritz-Carlton Portland and an adjacent office tower. The loan has not been impaired despite 70% vacancy in the office building, anemic condo sales, and a lien from a contractor, an impairment would cost RC 35% of DE. The new SBA Administrator, Kelly Loeffler, is likely to change the way the SBA 7(a) lending program is administered. SBA 7(a) loans are a key profit center for RC, generating almost half of Distributable Earnings in 3Q24. Read the full article on Seeking AlphaSeeking Alpha • Dec 11
Ready Capital: Accounting Policy Changes Mask Negative Adjusted Operating Cash Flows And Unsupported Dividend
Summary Despite three dividend cuts in recent years, more dividend cuts are inevitable, in my opinion, due to negative operating cash flow and cash Distributable Earnings not covering the dividend. Recent accounting policy changes led to the recognition of PIK and accrued interest as interest income, which dramatically increased reported distributable earnings. November’s CLO data shows loan problems are accelerating, not abating, and many modified but not impaired loans are of dubious quality. Assuming a loss on loans that are delinquent or not paying interest in cash in line with Trepp’s historical loss rate results in a tangible book value/share of $3.39. Based on outcomes of recent acquisitions, investors should question the rationale for the proposed acquisition of United Development Funding IV, as the portfolio has 51% non-accrual loans. Read the full article on Seeking AlphaSeeking Alpha • Oct 16
Ready Capital: When Is The Final Dividend Cut?
Summary Ready Capital's dividend cut to $0.25 per share marks a significant sequential reduction, with a current yield of 14%, significantly above pre-pandemic levels. RC's net book value has declined to $12.97 per share with the commons trading at a 45% discount. The mREIT plans to bridge dividend coverage by focusing on small business loans, exiting residential mortgage banking, and increasing leverage. Cost reductions, including an 11% staffing cut, aim to improve ROE, but the risk of further dividend cuts remains, making preferred shares a safer option. Read the full article on Seeking AlphaSeeking Alpha • May 20
Ready Capital: It Isn't Ready Yet
Summary Ready Capital's share price is at its lowest since COVID, at a large discount to book value. The company is transitioning its focus to commercial real estate lending and government-backed small business loans, but the success of that still remains to be seen. The company's Q1 results showed a decrease in distributable earnings that did not fully cover the dividend, indicating potential challenges ahead. A successful 2024 therefore entails rolling weak assets into better loans and ample buybacks at discounts to book. Read the full article on Seeking AlphaSeeking Alpha • Apr 09
Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold
Summary Ready Capital's distributable EPS at $0.26 for its fiscal 2023 fourth quarter is only covering its dividend by 86.7%. The mREIT is trading at a material 40% discount to book value of $14.10 per share at the end of the fourth quarter. RC's preferred securities are trading at 25% discounts to their liquidation value and come with markedly higher yields than the bonds. Read the full article on Seeking AlphaSeeking Alpha • Dec 23
Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings
Summary Ready Capital has cut its dividend for the second consecutive time to $0.30 per share. The mREIT currently offers a fat 11% dividend yield and is now trading at a 24% discount to its third-quarter book value of $14.42 per share. Distributable EPS of $0.28 means that the rightsized dividend is still not covered. Read the full article on Seeking AlphaSeeking Alpha • Sep 03
Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark
Summary Ready Capital is paying out a 14.5% dividend yield. The mREIT is also currently trading for 76 cents on the dollar following its merger with Broadmark Realty. There is some dividend uncertainty as its payout ratio sits at 111%. Read the full article on Seeking AlphaSeeking Alpha • Jun 28
Ready Capital: Why Decreased Distributable Earnings Are Not Frightening
Summary I expect Ready Capital's distributable earnings in 2Q and 3Q 2023 to be lower than the current quarterly dividend of $0.40 per share. Thus, one might argue that there could be a dividend cut in 2H 2023. However, the company can maintain the current quarterly dividend even with distributable earnings of $0.30 per share. Ready Capital's recent merger with Broadmark Realty Capital has provided the company with higher unrestricted cash, better debt-to-equity ratios, and expanded operations. The merger is expected to increase Ready Capital's distributable earnings. In case of a dividend cut, in my worst-case scenario, RC's dividend yield may remain higher than 10% at its current prices. Read the full article on Seeking AlphaAufschlüsselung der Einnahmen und Ausgaben
Aufschlüsselung der Einnahmen und Ausgaben
Wie Ready Capital Geld verdient und ausgibt. Basierend auf den neuesten gemeldeten Einnahmen der letzten zwölf Monate.
Gewinn- und Umsatzhistorie
| Datum | Einnahmen | Gewinn | Allgemeine und Verwaltungskosten | F&E-Ausgaben |
|---|---|---|---|---|
| 31 Mar 26 | -238 | -514 | 159 | 0 |
| 31 Dec 25 | -58 | -232 | 157 | 0 |
| 30 Sep 25 | -102 | -299 | 151 | 0 |
| 30 Jun 25 | -102 | -290 | 154 | 0 |
| 31 Mar 25 | -107 | -273 | 149 | 0 |
| 31 Dec 24 | -185 | -426 | 148 | 0 |
| 30 Sep 24 | 138 | -104 | 153 | 0 |
| 30 Jun 24 | 232 | -53 | 152 | 0 |
| 31 Mar 24 | 304 | 221 | 155 | 0 |
| 31 Dec 23 | 427 | 333 | 155 | 0 |
| 30 Sep 23 | 281 | 277 | 118 | 0 |
| 30 Jun 23 | 309 | 298 | 119 | 0 |
| 31 Mar 23 | 352 | 114 | 120 | 0 |
| 31 Dec 22 | 404 | 141 | 125 | 0 |
| 30 Sep 22 | 572 | 226 | 147 | 0 |
| 30 Jun 22 | 567 | 209 | 150 | 0 |
| 31 Mar 22 | 558 | 182 | 146 | 0 |
| 31 Dec 21 | 338 | 106 | 100 | 0 |
| 30 Sep 21 | 500 | 124 | 137 | 0 |
| 30 Jun 21 | 489 | 115 | 133 | 0 |
| 31 Mar 21 | 508 | 122 | 136 | 0 |
| 31 Dec 20 | 405 | 43 | 131 | 0 |
| 30 Sep 20 | 370 | 37 | 122 | 0 |
| 30 Jun 20 | 297 | 15 | 104 | 0 |
| 31 Mar 20 | 203 | -8 | 85 | 0 |
| 31 Dec 19 | 229 | 72 | 76 | 0 |
| 30 Sep 19 | 188 | 61 | 71 | 0 |
| 30 Jun 19 | 186 | 66 | 72 | 0 |
| 31 Mar 19 | 194 | 71 | 74 | 0 |
| 31 Dec 18 | 212 | 59 | 80 | 0 |
| 30 Sep 18 | 280 | 62 | 84 | 0 |
| 30 Jun 18 | 256 | 57 | 83 | 0 |
| 31 Mar 18 | 233 | 52 | 81 | 0 |
| 31 Dec 17 | 208 | 43 | 77 | 0 |
| 30 Sep 17 | 140 | 57 | 76 | 0 |
| 30 Jun 17 | 130 | 54 | 68 | 0 |
| 31 Mar 17 | 117 | 51 | 60 | 0 |
| 31 Dec 16 | 128 | 51 | 51 | 0 |
| 30 Sep 16 | 96 | 35 | 42 | 0 |
| 30 Jun 16 | 96 | 38 | 41 | 0 |
| 31 Mar 16 | 94 | 40 | 40 | 0 |
| 31 Dec 15 | 101 | 41 | 38 | 0 |
| 30 Sep 15 | 81 | 47 | 32 | 0 |
| 30 Jun 15 | 90 | 47 | 33 | 0 |
Qualität der Erträge: RC ist derzeit unrentabel.
Wachsende Gewinnspanne: RC ist derzeit unrentabel.
Analyse von freiem Cashflow und Gewinn
Analyse des Gewinnwachstums in der Vergangenheit
Ergebnisentwicklung: RC ist unrentabel, und die Verluste haben in den letzten 5 Jahren mit einer Rate von 54.3% pro Jahr zugenommen.
Beschleunigtes Wachstum: Das Gewinnwachstum des letzten Jahres kann nicht mit dem 5-Jahres-Durchschnitt von RC verglichen werden, da das Unternehmen derzeit nicht profitabel ist.
Erträge im Vergleich zur Industrie: RC ist unrentabel, was einen Vergleich des Gewinnwachstums des letzten Jahres mit der Branche Mortgage REITs (4.1%) erschwert.
Eigenkapitalrendite
Hohe Eigenkapitalrendite: RC hat eine negative Eigenkapitalrendite (-34.4%), da es derzeit unrentabel ist.
Kapitalrendite
Rendite auf das eingesetzte Kapital
Entdecken Sie starke Unternehmen, die in der Vergangenheit erfolgreich waren
Unternehmensanalyse und Finanzdaten Status
| Daten | Zuletzt aktualisiert (UTC-Zeit) |
|---|---|
| Unternehmensanalyse | 2026/06/25 15:50 |
| Aktienkurs zum Tagesende | 2026/06/25 00:00 |
| Gewinne | 2026/03/31 |
| Jährliche Einnahmen | 2025/12/31 |
Datenquellen
Die in unserer Unternehmensanalyse verwendeten Daten stammen von S&P Global Market Intelligence LLC. Die folgenden Daten werden in unserem Analysemodell verwendet, um diesen Bericht zu erstellen. Die Daten sind normalisiert, was zu einer Verzögerung bei der Verfügbarkeit der Quelle führen kann.
| Paket | Daten | Zeitrahmen | Beispiel US-Quelle * |
|---|---|---|---|
| Finanzdaten des Unternehmens | 10 Jahre |
| |
| Konsensschätzungen der Analysten | +3 Jahre |
|
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| Marktpreise | 30 Jahre |
| |
| Eigentümerschaft | 10 Jahre |
| |
| Verwaltung | 10 Jahre |
| |
| Wichtige Entwicklungen | 10 Jahre |
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* Beispiel für US-Wertpapiere, für nicht-US-amerikanische Wertpapiere werden gleichwertige regulatorische Formulare und Quellen verwendet.
Sofern nicht anders angegeben, beziehen sich alle Finanzdaten auf einen Jahreszeitraum, werden aber vierteljährlich aktualisiert. Dies wird als Trailing Twelve Month (TTM) oder Last Twelve Month (LTM) Daten bezeichnet. Erfahren Sie mehr.
Analysemodell und Schneeflocke
Details des Analysemodells, das zur Erstellung dieses Berichts verwendet wurde, sind auf unserer GitHub-Seite verfügbar. Außerdem haben wir Leitfäden zur Nutzung unserer Berichte und Tutorials auf YouTube.
Erfahren Sie mehr über das Weltklasse-Team, das das Simply Wall St-Analysemodell entworfen und entwickelt hat.
Metriken für Industrie und Sektor
Unsere Branchen- und Sektionskennzahlen werden alle 6 Stunden von Simply Wall St berechnet. Details zu unserem Verfahren finden Sie auf Github.
Analysten-Quellen
Ready Capital Corporation wird von 7 Analysten beobachtet. 3 dieser Analysten hat die Umsatz- oder Gewinnschätzungen übermittelt, die als Grundlage für unseren Bericht dienen. Die von den Analysten übermittelten Daten werden im Laufe des Tages aktualisiert.
| Analyst | Einrichtung |
|---|---|
| William Catherwood | BTIG |
| Steven Delaney | Citizens JMP Securities, LLC |
| Jade Rahmani | Keefe, Bruyette, & Woods |