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Mar 31, 2022
Ready Capital Q1 2022 Earnings Report
Ready Capital reported strong first-quarter results driven by sustained expansion and strategic acquisitions.
Key Takeaways
Ready Capital Corporation reported financial results for the quarter ended March 31, 2022, with GAAP earnings per common share of $0.70 and distributable earnings per common share of $0.52. The quarter was marked by significant milestones, including record SBC originations and the completion of a merger with Mosaic Real Estate Credit.
Completed a $542 million merger with Mosaic Real Estate Credit.
Total investments reached $3.1 billion, including $2.2 billion in SBC originations and acquisitions.
Closed a $1.1 billion commercial mortgage collateralized loan obligation, the Company’s largest CRE CLO to date.
Declared and paid a dividend of $0.42 per share in cash.