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RCReady Capital Corporation
$1.68$278M
Overview & Verdict
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RC logoReady Capital Corporation(RC)Earnings, Financials & Key Ratios

RC•NYSE•REIT / Real Estate
$1.68
Price updated Jul 7, 2026
SectorReal EstateIndustryMortgage REITsSub-IndustrySmall-balance bridge and hard-money lenders
AboutReady Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small business administration (SBA) loans, residential mortgage loans, and mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments. It operates through three segments: SBC Lending and Acquisitions; Small Business Lending; and Residential Mortgage Banking. The SBC Lending and Acquisitions segment, through its subsidiary, ReadyCap Commercial, LLC, originate SBC loans secured by stabilized or transitional investor properties using various loan origination channels. The Small Business Lending segment, through its subsidiary, ReadyCap Lending, LLC, acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program. The Residential Mortgage Banking segment, through its subsidiary, GMFS, LLC, originates residential mortgage loans. The company qualifies as a real estate investment trust for federal income tax purposes. It generally 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.Show more
  • Revenue$499M+1726.0%
  • FFO-$226M+45.6%
  • FFO/Share-1.35+44.6%
  • FFO Payout0%
  • FFO per Share-1.35+44.6%
  • NOI Margin87.67%-12.3%
  • FFO Margin-45.27%+97.0%
  • ROE-12.76%+32.9%
  • ROA-2.56%+33.8%

RC Price & Volume

Ready Capital Corporation (RC) stock price & volume — 10-year historical chart

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Persistent Operational Volatility Masks Deep Structural Impairments

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Negative
Financial:Strained
Cash Flow:Deteriorating
Primary Risk:Dividend sustainability and credit impairment

Key Thesis Takeaways

  • Ready Capital faces a precarious outlook characterized by severe FFO erosion and a collapse in property-level profitability, as evidenced by a 2025Q4 NOI margin of -110.8%.
  • The company's aggressive acquisition strategy has resulted in a significant contraction of total assets from $12.4 billion in 2023Q4 to $6.3 billion in 2026Q1, raising concerns regarding the sustainability of its current dividend yield of 38.1%.
  • Investors should remain cautious as the firm navigates complex integration risks and potential credit impairments that continue to weigh on its net income, which reached a loss of $201.7 million in 2026Q1.

Verdict Logic

the company's fundamental instability is highlighted by a 2026Q1 net loss of $201.7 million and a P/B ratio of 0.18, which suggests significant market skepticism regarding the recovery of its asset value.

RC Growth Metrics

Ready Capital Corporation (RC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years24.03%
5 Years5.36%
3 Years9.22%
TTM751.95%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-80.93%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-82.58%

Return on Capital

10 Years-1.31%
5 Years1.38%
3 Years1.38%
Last Year1.38%

RC Recent Earnings

Ready Capital Corporation (RC) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.33-117.1%
$0.15
Rev
$63M-191.9%
$69M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.09+18.2%
$0.11
Rev
$14M-116.8%
$84M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.94-291.7%
$0.24
Rev
$85M+17.0%
$73M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.14-1300.0%
$0.01
Rev
$182M+7.5%
$169M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.33vs $0.15-117.1%
$63Mvs $69M-191.9%
Q1 2026Feb 26, 2026
$0.09vs $0.11+18.2%
$14Mvs $84M-116.8%
Q4 2025Nov 6, 2025
$0.94vs $0.24-291.7%
$85Mvs $73M+17.0%
Q3 2025Aug 7, 2025
$0.14vs $0.01-1300.0%
$182Mvs $169M+7.5%
Based on last 12 quarters of dataView full earnings history →

Latest RC News

Recent stock market news and headlines for Ready Capital Corporation (RC)

GlobeNewsWire·Jun 15, 2026
Ready Capital Corporation Declares Second Quarter 2026 Dividends

NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2026. This dividend is payable on July 31, 2026, to shareholders of record as of the close of business on June 30, 2026.

Peers Comparison

Key metrics vs top competitors for Ready Capital Corporation (RC)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
RC logoRCReady Capital CorporationCurrent
$1.68$277.57M-1.171725.96%-45.83%-12.76%40.33%
ACRE logoACREAres Commercial Real Estate Corporation
$4.43$245.78M-270.12-2.79%-24.91%-3.88%—
BXMT logoBXMTBlackstone Mortgage Trust, Inc.
$17.15$2.89B26.80-13.96%6.75%2.93%—
TRTX logoTRTXTPG RE Finance Trust, Inc.
$8.41$650.16M14.75123.25%23.2%5.7%—
GPMT logoGPMTGranite Point Mortgage Trust Inc.
$1.44$69M-1.24187.77%-30.49%-7.1%—
KREF logoKREFKKR Real Estate Finance Trust Inc.
$7.12$457.82M-6.78-22.72%-23.56%-8.4%—

Compare RC vs Peers

Ready Capital Corporation (RC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs ACRE

Most directly comparable listed peer for RC.

Scale Benchmark

vs CBRE

Larger-name benchmark to compare RC against a more recognizable public peer.

Peer Set

Compare Top 5

vs ACRE, BXMT, TRTX, GPMT

RC SEC Filings & Documents

Ready Capital Corporation (RC) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

Mar 24, 2026·SEC

Material company update

Feb 26, 2026·SEC

10-K Annual Reports

4
FY 2026

Mar 2, 2026·SEC

FY 2025

Mar 3, 2025·SEC

FY 2024

Feb 28, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

May 8, 2026·SEC

FY 2025

Nov 7, 2025·SEC

FY 2025

Aug 8, 2025·SEC

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RC Frequently Asked Questions

Ready Capital Corporation (RC) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Ready Capital Corporation's revenue?

Ready Capital Corporation (RC) reported $175.5M in revenue for fiscal year 2025. This represents a 618% increase from $24.4M in 2012.

How fast is Ready Capital Corporation growing?

Ready Capital Corporation (RC) grew revenue by 1726.0% over the past year. This is strong growth.

Is RC profitable?

Ready Capital Corporation (RC) reported a net loss of $510.1M for fiscal year 2025.

Dividend & Returns
Does RC pay dividends?

Yes, Ready Capital Corporation (RC) pays a dividend with a yield of 40.33%. This makes it attractive for income-focused investors.

What is RC's return on equity?

Ready Capital Corporation (RC) has a return on equity (ROE) of -12.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics
What is Ready Capital Corporation's FFO?

Ready Capital Corporation (RC) generated Funds From Operations (FFO) of $-467.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.

Is RC a good dividend stock?

Ready Capital Corporation (RC) offers a 40.33% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

What if you invested $1,000 in RC back in 2012?

Total return calculator · dividends reinvested · 14+ years of data

See returns →