Ready Capital Q2 2022 Earnings Report
Key Takeaways
Ready Capital Corporation reported financial results for the quarter ended June 30, 2022. The company's results reflect its ability to deploy capital across economic cycles, with growth in the loan portfolio and continued access to capital markets.
Total investments of $2.1 billion, including $1.2 billion of SBC originations and acquisitions, $746.4 million of residential mortgage loans, and $128.8 million of U.S. Small Business Administration 7(a) loans
Total year-to-date investment activity of $5.2 billion, 17% year-over-year growth
Closed a $754.2 million commercial mortgage CLO, consisting of 25 first-lien floating rate loans
Declared and paid dividend of $0.42 per share in cash with distributable earnings coverage of the common dividend at 1.14x
Ready Capital
Ready Capital
Forward Guidance
Management will host a webcast and conference call on Friday, August 5, 2022, at 8:30 am ET to provide a general business update and discuss the financial results for the quarter ended June 30, 2022.