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Dec 31, 2022
Ready Capital Q4 2022 Earnings Report
Ready Capital reported strong results for Q4 2022, with distributable earnings per share of $0.42 and GAAP earnings per share of $0.08.
Key Takeaways
Ready Capital Corporation reported financial results for the quarter ended December 31, 2022. The company had a GAAP earnings per common share of $0.08 and distributable earnings per common share of $0.42. Total investments were $1.4 billion, including $891 million of SBC originations and acquisitions.
Total investments of $1.4 billion, including $891 million of SBC originations and acquisitions.
Completed a securitization of $860 million of floating rate SBC loans.
Acquired approximately 3.6 million shares of the Company’s common stock at an average price of $10.34.
Declared and paid dividend of $0.40 per share in cash with distributable earnings coverage of 1.1x