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Mar 31
Ready Capital Q1 2025 Earnings Report
Ready Capital Corporation reported its financial results for the first quarter ended March 31, 2025.
Key Takeaways
Ready Capital Corporation reported GAAP earnings per common share from continuing operations of $0.47 and a distributable loss per common share of $(0.09) for the first quarter of 2025. The company's net income was $81.965 million, with total assets of $9.976 billion. Despite market volatility and declining consumer confidence, the company focused on resetting its balance sheet and restoring profitability.
GAAP Earnings Per Common Share from Continuing Operations was $0.47.
Distributable Loss Per Common Share was $(0.09).
LMM commercial real estate originations totaled $79 million.
Small Business Lending loan originations reached $387 million, including $343 million of Small Business Administration 7(a) loans.
Ready Capital
Ready Capital
Ready Capital Revenue by Segment
Revenue by Segment
LMM Commercial Real Estate Revenue
CapyFin.comSmall Business Lending Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward-looking financial guidance in this report. However, it acknowledged ongoing market volatility and macroeconomic challenges.
Positive Outlook
- Continued focus on resetting the balance sheet.
- Strategic actions to restore profitability.
- Successful private placement of $220 million in Senior Secured Notes.
- Acquisition of United Development Funding IV to expand capital solutions.
- Stock repurchase program indicating confidence in company valuation.
Challenges Ahead
- Market volatility continues to be a headwind.
- Tariff implementations are impacting the business.
- Declining consumer confidence poses challenges.
- Increased recession expectations are a concern.
- Distributable loss per common share indicates a current loss in distributable earnings.