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Mar 31, 2021
Ready Capital Q1 2021 Earnings Report
Ready Capital reported a net income of $28.9 million and distributable earnings of $24.7 million for Q1 2021.
Key Takeaways
Ready Capital Corporation reported strong first quarter results, driven by its diversified model and government-sponsored gain on sale businesses. The company reported a net income of $28.9 million, or $0.49 per share, and distributable earnings of $24.7 million, or $0.41 per share. They also originated a record of $823.2 million of small-to-medium balance commercial loans.
Net income was $28.9 million, or $0.49 per diluted share.
Distributable Earnings were $24.7 million, or $0.41 per diluted share.
Adjusted net book value was $14.89 per share as of March 31, 2021.
Originated a record of $823.2 million of small-to-medium balance commercial loans.
Forward Guidance
Company did not provide any forward guidance in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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