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Dec 31, 2020
Ready Capital Q4 2020 Earnings Report
Ready Capital reported net income and distributable earnings for Q4 2020.
Key Takeaways
Ready Capital Corporation reported a net income of $27.6 million, or $0.49 per share, and distributable earnings of $28.8 million, or $0.51 per share for the quarter ended December 31, 2020. The company originated $1.2 billion of residential mortgage loans and $550.3 million of small-to-medium balance commercial loans during the quarter.
Reported U.S. GAAP Net income of $27.6 million, or $0.49 per diluted share.
Distributable Earnings amounted to $28.8 million, or $0.51 per diluted share.
Adjusted net book value of $14.98 per share as of December 31, 2020.
Originated and acquired $550.3 million of small-to-medium balance commercial loans.
Forward Guidance
The company is optimistic about its future prospects and will leverage a differentiated strategy to deliver superior returns for its shareholders.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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