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Ready Capital (RC) - 2025 Q1 - Earnings Call Presentation
2025-05-09 12:33
Financial Performance - Net income from continuing operations was $0.47 per common share[5] - Distributable losses were $(0.09) per common share[5] - Distributable earnings before realized losses were $0.00 per common share[5] - A dividend of $0.125 per common share was declared[5] Loan Portfolio - The total loan portfolio was $8.4 billion[5] - The weighted average yield in the $5.9 billion CRE core portfolio was 8.3%[5] - Total loan originations amounted to $466.1 million[5] - Loan repayments and sales totaled $758.2 million[5] - Core delinquencies (60+ days) stood at 4.1%[5] Capitalization & Acquisitions - 3.4 million shares were repurchased at an average price of $5.02, impacting book value per share by $0.11[5] - Total leverage was 3.5x, with a recourse leverage ratio of 1.3x[5] - The acquisition of United Development Funding IV was closed for $167 million, which was $0.14 per share accretive to book value per share[5] Portfolio Composition - The carrying value of the Core portfolio is $5.88 billion with 4.1% being 60+ days delinquent[7] - The carrying value of the Non-Core portfolio is $0.74 billion with 40.9% being 60+ days delinquent[7]
Starwood Property Trust Reports Results for Quarter Ended March 31, 2025
Prnewswire· 2025-05-09 11:00
– Quarterly GAAP Earnings of $0.33 and Distributable Earnings (DE) of $0.45 per Diluted Share –– Invested $2.3 Billion, Including $1.4 Billion in Commercial Lending and Record $0.7 Billion in Infrastructure Lending –– Closed $1.3 Billion After Quarter End, Including $0.9 Billion in Commercial Lending –– Issued $500 Million of Corporate Debt, Extending Average Maturity to 3.7 Years –– Current Liquidity of $1.5 Billion –– Paid Quarterly Dividend of $0.48 per Share for Over a Decade –MIAMI BEACH, Fla., May 9, ...
Ready Capital Corporation Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 21:00
- GAAP EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $0.47 -- DISTRIBUTABLE LOSS PER COMMON SHARE OF $(0.09) -- DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.00 - NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner-occupied commercial real estate loans, today reported f ...
Claros Mortgage Trust(CMTG) - 2025 Q1 - Earnings Call Presentation
2025-05-08 12:18
First Quarter 2025 Earnings Supplement Claros Mortgage Trust, Inc. (CMTG) May 7, 2025 The properties above are not representative of all transactions. The information provided herein is as of March 31, 2025 unless otherwise noted. 8% 7% 5% 8% 9% 9% 15% 14% 19% 19% 44% 43% 0% 20% 40% 60% 80% 100% Multi-family Hospitality Office Mixed-use Land Other a Collateral Diversification 3,7 3/31/25 12/31/24 First Quarter 2025 Highlights | |  | GAAP net loss of $78.6 million, or $0.56 per share; distributable loss of ...
Brookfield Corporation Reports 27% Increase in Distributable Earnings to $1.5 Billion
Globenewswire· 2025-05-08 10:45
$850 million of Shares Repurchased to Date in 2025 Deployable Capital Increases to a Record $165 billion BROOKFIELD, Nnews, May 08, 2025 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE: BN, TSX: BN) announced strong financial results for the quarter ended March 31, 2025. Nick Goodman, President of Brookfield Corporation, said, “Our business performed well in the first quarter, with earnings 30% higher than the prior year, supported by continued momentum across our core operations. Our asset management busi ...
Sunrise Realty Trust, Inc.(SUNS) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:02
Sunrise Realty Trust (SUNS) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer & SecretaryLeonard Tannenbaum - Founder and Executive ChairmanBrian Sedrish - CEOBrandon Hetzel - CFO & TreasurerRandy Binner - Managing DirectorJade Rahmani - Managing DirectorTyler Batory - Executive Director Conference Call Participants Gaurav Mehta - Managing Director, Senior Equity Research Analyst & Real Estate and Financials Operator Thank you for standing by. My name is ...
Sunrise Realty Trust, Inc.(SUNS) - 2025 Q1 - Earnings Call Transcript
2025-05-07 15:00
Sunrise Realty Trust (SUNS) Q1 2025 Earnings Call May 07, 2025 10:00 AM ET Speaker0 Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to the Sunrise Realty Trust Q1 twenty twenty five Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer Thank you. I would now like to turn the call over to Gabriel Katz, Chief Legal Officer. Pleas ...
Sunrise Realty Trust, Inc. Announces Financial Results for the First Quarter 2025
Globenewswire· 2025-05-07 11:33
First quarter 2025 GAAP net income of $3.1 million or $0.27 per basic weighted average common share and Distributable Earnings(1) of $3.5 million or $0.31 per basic weighted average common shareWEST PALM BEACH, Fla., May 07, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today announced its results for the quarter ended March 31, 2025. SUNS reported generally accepted accounting principles (“GAAP”) net income of $3.1 million or $0.27 per basic weighted average co ...
MFA Financial(MFA) - 2025 Q1 - Earnings Call Presentation
2025-05-06 13:39
Company Update FIRST QUARTER 2025 Forward-looking statements 2 When used in this presentation or other written or oral communications, statements that are not historical in nature, including those containing words such as "will," "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "could," "would," "may," the negative of these words or similar expressions, are intended to identify "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, ...
Blue Owl Capital (OWL) - 2025 Q1 - Earnings Call Transcript
2025-05-01 14:00
Blue Owl Capital (OWL) Q1 2025 Earnings Call May 01, 2025 10:00 AM ET Company Participants Marc Lipschultz - Co-Chief Executive OfficerAlan Kirshenbaum - CFOAnn Dai - MD & Head of Investor RelationsBrian Mckenna - Director - Equity ResearchCraig Siegenthaler - Managing DirectorSteven Chubak - Managing DirectorAlex Blostein - Managing DirectorPatrick Davitt - PartnerChris Kotowski - Managing DirectorCrispin Love - DirectorBen Budish - Director Conference Call Participants Glenn Schorr - Senior Managing Direc ...