Ready Capital Q3 2020 Earnings Report
Key Takeaways
Ready Capital Corporation reported a U.S. GAAP Net income of $35.4 million, or $0.63 per share of common stock, and Core Earnings of $32.1 million, or $0.57 per share of common stock for the quarter ended September 30, 2020.
U.S. GAAP Net income of $35.4 million, or $0.63 per diluted share of common stock
Core Earnings of $32.1 million, or $0.57 per diluted share of common stock
Adjusted net book value of $14.84 per share of common stock as of September 30, 2020
Current unrestricted cash and available liquidity of $221.7 million
Ready Capital
Ready Capital
Forward Guidance
Although we remain cautious of the uncertainties surrounding the COVID pandemic, we are optimistic that our diverse portfolio and government sponsored lending businesses will continue to provide superior returns for our shareholders.