Ready Capital Reports Q1 2025 Earnings Amid Challenges

Ready Capital ( (RC) ) has released its Q1 earnings. Here is a breakdown of the information Ready Capital presented to its investors.

Ready Capital Corporation is a multi-strategy real estate finance company that specializes in originating, acquiring, financing, and servicing lower-to-middle-market commercial real estate loans, with a focus on both investor and owner-occupied properties. The company operates primarily in the real estate finance sector and is known for its involvement in U.S. Small Business Administration loans and government-guaranteed loans.

In its first quarter of 2025 earnings report, Ready Capital Corporation reported a GAAP earnings per common share from continuing operations of $0.47, despite facing challenging market conditions such as market volatility and increased recession expectations. The company also declared a cash dividend of $0.125 per share and completed the acquisition of United Development Funding IV.

Key financial highlights include LMM commercial real estate originations totaling $79 million and Small Business Lending loan originations of $387 million, which included $343 million in Small Business Administration 7(a) loans. The company also engaged in a stock repurchase program, acquiring approximately 3.4 million shares at an average price of $5.02 per share, and closed a private placement of $220 million in senior secured notes.

Despite a distributable loss per common share of $(0.09), Ready Capital continues to focus on strategic actions to reset its balance sheet and restore profitability. The company’s book value per share stood at $10.61 as of March 31, 2025.

Looking ahead, Ready Capital remains committed to navigating the challenging macroeconomic environment by leveraging its strategic initiatives and financial strategies to maintain stability and pursue growth opportunities in the real estate finance sector.