Loading...
•
Mar 31, 2023
Ready Capital Q1 2023 Earnings Report
Ready Capital reported first quarter 2023 results with GAAP earnings per common share of $0.30 and distributable earnings per common share of $0.31.
Key Takeaways
Ready Capital Corporation reported financial results for the quarter ended March 31, 2023. The company announced a definitive merger agreement with Broadmark Realty Capital and total investments of $829 million. The company declared a dividend of $0.40 per share in cash and net book value was $15.07 per share of common stock as of March 31, 2023.
Announced a definitive merger agreement with Broadmark Realty Capital, expected to create the 4th largest commercial mortgage REIT.
Total investments of $829 million, including $411 million of SBC originations and acquisitions, $326 million of residential mortgage loans, and $92 million of U.S. Small Business Administration 7(a) loans.
Completed a securitization of $586 million of floating rate SBC loans and sold $484 million of senior bonds at a weighted average cost of SOFR + 2.9%.
Declared and paid dividend of $0.40 per share in cash.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...