Reports Q4 net book value of $14.10 per share. “We continue to make progress on our business strategy of repositioning the capital acquired in our merger with Broadmark Realty Capital into our core lending strategies despite current challenges in the commercial real estate sector,” said Thomas Capasse, Ready Capital’s chairman and CEO. “We believe our portfolio is well positioned to withstand market headwinds as a result of our avoidance of office collateral, its granularity with over 5,000 positions and its concentration in strong markets.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on RC:
- Ready Capital Corporation Reports Fourth Quarter 2023 Results
- RC Earnings this Week: How Will it Perform?
- Ready Capital Corporation Announces Fourth Quarter and Full Year 2023 Results and Webcast Call
- Ready Capital Executives Set for Upcoming Investor Presentations
- Ready Capital Exceeds $1 Billion in Affordable Multifamily Loan Closings During 2023
