Ready Capital Corporation

NYSE:RC 주식 리포트

시가총액: US$271.5m

Ready Capital 과거 순이익 실적

과거 기준 점검 0/6

Ready Capital 의 수입은 연평균 -54.3%의 비율로 감소해 온 반면, Mortgage REITs 산업은 연평균 1%의 비율로 감소했습니다. 매출은 연평균 48.7%의 비율로 감소해 왔습니다.

핵심 정보

-54.32%

순이익 성장률

-57.08%

주당순이익(EPS) 성장률

Mortgage REITs 산업 성장률4.45%
매출 성장률-48.74%
자기자본이익률-34.40%
순이익률215.74%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha • Jul 01

Ready Capital: Bonds Delivering Value While Equity Evaporates

Summary Ready Capital continues to see rapid book value erosion and worsening CRE portfolio delinquencies, with common shares underperforming significantly. RC's core CRE portfolio delinquency rate surged to 14.8%, up from 6.7% last quarter, highlighting accelerating credit deterioration. Management anticipates further $2 billion–$2.5 billion in asset sales but offers no clear guidance on pro forma book value, underscoring high uncertainty. Preferreds (RC.PR.E, RC.PR.C) and RCD offer superior risk-reward versus common shares, though a wipeout across the board remains possible. Read the full article on Seeking Alpha
새로운 내러티브 • 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?
새로운 내러티브 • 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?
새로운 내러티브 • 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha
Seeking 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 Alpha

매출 및 비용 세부 내역

Ready Capital가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.

순이익 및 매출 추이

NYSE:RC 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 26-238-5141590
31 Dec 25-58-2321570
30 Sep 25-102-2991510
30 Jun 25-102-2901540
31 Mar 25-107-2731490
31 Dec 24-185-4261480
30 Sep 24138-1041530
30 Jun 24232-531520
31 Mar 243042211550
31 Dec 234273331550
30 Sep 232812771180
30 Jun 233092981190
31 Mar 233521141200
31 Dec 224041411250
30 Sep 225722261470
30 Jun 225672091500
31 Mar 225581821460
31 Dec 213381061000
30 Sep 215001241370
30 Jun 214891151330
31 Mar 215081221360
31 Dec 20405431310
30 Sep 20370371220
30 Jun 20297151040
31 Mar 20203-8850
31 Dec 1922972760
30 Sep 1918861710
30 Jun 1918666720
31 Mar 1919471740
31 Dec 1821259800
30 Sep 1828062840
30 Jun 1825657830
31 Mar 1823352810
31 Dec 1720843770
30 Sep 1714057760
30 Jun 1713054680
31 Mar 1711751600
31 Dec 1612851510
30 Sep 169635420
30 Jun 169638410
31 Mar 169440400
31 Dec 1510141380
30 Sep 158147320

양질의 수익: RC 은(는) 현재 수익성이 없습니다.

이익 마진 증가: RC는 현재 수익성이 없습니다.

잉여현금흐름 대비 순이익 분석

과거 순이익 성장 분석

수익추이: RC은 수익성이 없으며 지난 5년 동안 손실이 연평균 54.3% 증가했습니다.

성장 가속화: 현재 수익성이 없어 지난 1년간 RC의 수익 성장률을 5년 평균과 비교할 수 없습니다.

수익 대 산업: RC은 수익성이 없어 지난 해 수익 성장률을 Mortgage REITs 업계(4.1%)와 비교하기 어렵습니다.

자기자본이익률

높은 ROE: RC는 현재 수익성이 없으므로 자본 수익률이 음수(-34.4%)입니다.

총자산이익률

투하자본수익률

우수한 과거 실적 기업을 찾아보세요

7D

1Y

7D

1Y

7D

1Y

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/07/17 08:56
종가2026/07/17 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

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분석 모델 및 스노우플레이크

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산업 및 섹터 지표

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분석가 소스

Ready Capital Corporation는 8명의 분석가가 다루고 있습니다. 이 중 3명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
William CatherwoodBTIG
Steven DelaneyCitizens JMP Securities, LLC
Jade RahmaniKeefe, Bruyette, & Woods