Ready Capital Past Earnings Performance
Past criteria checks 4/6
Ready Capital has been growing earnings at an average annual rate of 42.2%, while the Mortgage REITs industry saw earnings growing at 2.2% annually. Revenues have been growing at an average rate of 17.8% per year. Ready Capital's return on equity is 13.3%, and it has net margins of 77.6%.
Key information
42.2%
Earnings growth rate
11.7%
EPS growth rate
| Mortgage REITs Industry Growth | 4.5% |
| Revenue growth rate | 17.8% |
| Return on equity | 13.3% |
| Net Margin | 77.6% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Ready Capital: Inability To Stabilize Earnings Against Headwinds Makes It A Hold
Apr 09Ready Capital: Two Dividend Cuts Later And The Broadmark Acquisition Stings
Dec 23Ready Capital: A Fat 14.5% CRE Yield After The Merger With Broadmark
Sep 03Ready Capital: Why Decreased Distributable Earnings Are Not Frightening
Jun 28Ready Capital Q4 2022 Earnings Preview
Feb 24Ready Capital: The 12.4% Yield Is Still Exciting
Feb 11Ready Capital decrease quarterly dividend by -4.8% to $0.40 /share
Dec 15Ready Capital upsizes share buyback by $25M
Sep 29Ready Capital: Steady Double-Digit Yields With Minimal Risk
Sep 22Ready Capital declares $0.42 dividend
Sep 15Ready Capital expects 'healthy deal flow' for its lending programs into 2023
Jul 12Ready Capital: 13.65% Dividend Yield With Favorable Risk-Reward Profile
Jul 05Ready Capital: Headwinds From Rising Interest Rates
Apr 04Trade Orchid Island Capital For Ready Capital To Realize Future Growth And Income
Jan 16Ready Capital: Strong And Steady Growth With An Eye For M&A
Nov 18Ready Capital prices $100M public offering
Jun 03Ready Capital Corporation 2021 Q1 - Results - Earnings Call Presentation
May 07What You Need To Know About Ready Capital Corporation's (NYSE:RC) Investor Composition
Feb 19
Have Insiders Been Buying Ready Capital Corporation (NYSE:RC) Shares?
Jan 15
Ready Capital increases dividend by ~17% to $0.35
Dec 14Share Price Aside, Ready Capital (NYSE:RC) Has Delivered Shareholders A 3.9% Return.
Dec 11Ready Capital beats on revenue
Nov 04Revenue & Expenses BreakdownBeta
How Ready Capital makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 429 | 333 | 155 | 0 |
| 30 Sep 23 | 451 | 332 | 162 | 0 |
| 30 Jun 23 | 458 | 349 | 157 | 0 |
| 31 Mar 23 | 473 | 156 | 152 | 0 |
| 31 Dec 22 | 411 | 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 |
| 31 Mar 15 | 89 | 39 | 30 | 0 |
| 31 Dec 14 | 75 | 32 | 29 | 0 |
| 30 Sep 14 | 72 | 15 | 31 | 0 |
| 30 Jun 14 | 45 | 1 | 20 | 0 |
| 31 Mar 14 | 29 | 1 | 13 | 0 |
| 31 Dec 13 | 16 | 1 | 6 | 0 |
Quality Earnings: RC has a large one-off gain of $196.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: RC's current net profit margins (77.6%) are higher than last year (34.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: RC's earnings have grown significantly by 42.2% per year over the past 5 years.
Accelerating Growth: RC's earnings growth over the past year (136%) exceeds its 5-year average (42.2% per year).
Earnings vs Industry: RC earnings growth over the past year (136%) exceeded the Mortgage REITs industry -28.9%.
Return on Equity
High ROE: RC's Return on Equity (13.3%) is considered low.