Core Insights - Ready Capital Corporation reported a GAAP loss per common share from continuing operations of $(0.13) and a distributable loss per common share of $(0.94) for the quarter ended September 30, 2025 [1][22] - The company is focused on restoring financial health through decisive exit strategies for underperforming loans and risk management of upcoming debt maturities, aiming for balance sheet stability and profitability [2] Financial Performance - The company reported LMM commercial real estate originations of $139 million and Small Business Lending loan originations of $283 million, which included $173 million of Small Business Administration 7(a) loans [6] - The book value per share of common stock was $10.28 as of September 30, 2025 [6] - The company completed two portfolio sales consisting of 217 loans with an unpaid principal balance of $758 million for net proceeds of $109 million [6] Non-GAAP Financial Information - Distributable earnings, a non-GAAP financial measure, is defined as net income adjusted for various unrealized gains and losses, realized gains and losses on sales of certain mortgage-backed securities, and other non-cash items [3][4] - The company believes that this non-GAAP measure provides greater transparency into financial and operational decision-making, including dividend determination [4] Income Statement Highlights - For the three months ended September 30, 2025, the company reported interest income of $137.491 million and interest expense of $(126.971) million, resulting in net interest income before provision for loan losses of $10.520 million [21] - The net loss from continuing operations was $(16.947) million, with a net loss attributable to Ready Capital Corporation of $(20.744) million [22] Balance Sheet Overview - As of September 30, 2025, total assets were $8.332 billion, with cash and cash equivalents of $147.505 million and loans, net of $4.361 billion [20] - Total liabilities amounted to $6.449 billion, with secured borrowings of $2.879 billion and corporate debt of $666.624 million [20] Segment Reporting - The LMM Commercial Real Estate segment reported interest income of $105.856 million and a net interest income after provision for loan losses of $(31.680) million [24] - The Small Business Lending segment generated interest income of $31.635 million, with a net interest income after provision for loan losses of $4.223 million [24]

"Our primary focus continues to be restoring financial health", said Thomas Capasse, Ready Capital's Chairman and Chief Executive Officer. "Through our decisive exit strategies for our underperforming loan and real estate exposure and risk management of our upcoming debt maturities, we believe we are on the path to balance sheet stability and profitability." Third Quarter Highlights Use of Non-GAAP Financial Information In addition to the results presented in accordance with U.S. GAAP, this press release in ...

Core Points - Ready Capital Corporation will release its third quarter 2025 financial results on November 6, 2025, after the market closes [1] - A webcast and conference call will be held on November 7, 2025, at 8:30 a.m. Eastern Time to discuss the financial results [1] Company Overview - Ready Capital Corporation is a multi-strategy real estate finance company that focuses on originating, acquiring, financing, and servicing lower-to-middle-market commercial real estate loans [5] - The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans [5] - Headquartered in New York, the company employs approximately 500 professionals nationwide [5]

Core Viewpoint - During market turbulence, investors often seek dividend-yielding stocks, which typically have high free cash flows and offer substantial dividends [1] Group 1: High-Yielding Stocks in Financial Sector - MFA Financial Inc (NYSE:MFA) has a dividend yield of 15.86%. Analysts from Keefe, Bruyette & Woods downgraded the stock from Outperform to Market Perform, reducing the price target from $12 to $10 [8]. RBC Capital maintained a Sector Perform rating and also cut the price target from $12 to $10 [8]. The company is set to host an investor conference call on November 6 to discuss Q3 2025 results [8] - Ready Capital Corp (NYSE:RC) has a dividend yield of 15.72%. Keefe, Bruyette & Woods maintained an Underperform rating and lowered the price target from $3.75 to $3.5 [8]. B. Riley Securities maintained a Neutral rating and reduced the price target from $6 to $4 [8]. The company reported disappointing quarterly results on August 7 [8] - Two Harbors Investment Corp (NYSE:TWO) has a dividend yield of 13.85%. JP Morgan maintained a Neutral rating and increased the price target from $9.5 to $10 [8]. RBC Capital maintained a Sector Perform rating and lowered the price target from $13 to $12 [8]. The company reported in-line earnings for Q3 on October 27 [8]

Group 1 - Ready Capital Corporation (NYSE:RC) is recognized as one of the 10 Best Dividend Stocks Under $10 to Invest in [1] - UBS has lowered its price target for Ready Capital from $4 to $3.50 while maintaining a Neutral rating on the stock [2] - In Q2 2025, Ready Capital reported a cash position of $163 million, an increase from $143.8 million at the end of December 2024, with total assets exceeding $9.3 billion [3] Group 2 - Ready Capital currently offers a quarterly dividend of $0.125 per share, resulting in a dividend yield of 15.72% as of October 28 [4]

Group 1 - The Company declared a quarterly cash dividend of $0.125 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2025, payable on October 31, 2025 [1] - The Company declared a dividend of $0.390625 per share of its 6.25% Series C Cumulative Convertible Preferred Stock, payable on October 15, 2025 [2] - The Company declared a dividend of $0.40625 per share of its 6.50% Series E Cumulative Redeemable Preferred Stock, payable on October 31, 2025 [3] Group 2 - Ready Capital Corporation is a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market investor and owner-occupied commercial real estate loans [4] - The Company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program [4] - The Company is headquartered in New York, New York, and employs approximately 500 professionals nationwide [4]

Group 1 - Ready Capital (NYSE: RC) is trading at a significant discount to its book value per share while offering an uncovered double-digit dividend yield to shareholders from interest income [1] - The company’s portfolio is primarily formed from high-growth companies, high-dividend stocks, REITs, and green energy firms, indicating a focus on long-term wealth creation [1] Group 2 - Pacifica Yield aims to pursue long-term wealth creation by focusing on undervalued yet high-growth companies [1]

Core Viewpoint - Bragar Eagel & Squire, P.C. is investigating potential claims against Ready Capital Corporation due to a class action complaint alleging breaches of fiduciary duties by the company's board of directors during a specified class period [1][2]. Group 1: Legal Investigation - The law firm is encouraging long-term stockholders of Ready Capital who suffered losses between November 7, 2024, and March 2, 2025, to discuss their legal rights [1]. - A class action complaint was filed on March 6, 2025, alleging that the board made materially false and misleading statements regarding the company's business and operations [2]. Group 2: Allegations Against Ready Capital - The complaint claims that significant non-performing loans in Ready Capital's commercial real estate (CRE) portfolio were unlikely to be collectible, which was not disclosed to investors [2]. - It is alleged that Ready Capital would fully reserve these problem loans to stabilize its CRE portfolio, and this was not accurately reflected in the company's expected credit loss or valuation allowances [2]. - As a result of these undisclosed issues, the company's financial results were adversely affected, and the positive statements made by the defendants were misleading [2].

Group 1 - The Conservative Income Portfolio targets high-value stocks with significant margins of safety and aims to reduce volatility through well-priced options [1] - The Enhanced Equity Income Solutions Portfolio is designed to generate yields of 7-9% while minimizing volatility [1] - The Covered Calls Portfolio focuses on lower volatility income investing with an emphasis on capital preservation [1][2] Group 2 - Trapping Value is a team of analysts with over 40 years of combined experience in generating options income while prioritizing capital preservation [2] - The investing group operates the Conservative Income Portfolio in collaboration with Preferred Stock Trader, featuring two income-generating portfolios and a bond ladder [2]

Group 1 - The analysis focuses on value investing, emphasizing an owner's mindset and a long-term investment horizon [1] - The author does not engage in writing sell articles or recommending shorting stocks, indicating a preference for long positions [1] - The article expresses personal opinions and is not influenced by any business relationships with the companies mentioned [2] Group 2 - There is a clear disclaimer that past performance does not guarantee future results, highlighting the inherent uncertainties in investment [3] - The article does not provide specific investment recommendations or advice tailored to individual investors [3] - The authorship includes both professional and individual investors, suggesting a diverse range of perspectives [3]