Financials [ 6/12 ] | Financial Services [ 22/74 ]
NYSE | Common Stock
Ready Capital Corporation operates as a real estate finance company in the United States.
The company originates, acquires, finances, and services small balance commercial (SBC) loans, small business administration (SBA) loans, and residential mortgage loans, as well as mortgage backed securities collateralized primarily by SBC loans, or other real estate-related investments.
It operates through four segments: Loan Acquisitions; SBC Originations; SBA Originations, Acquisitions and Servicing; and Residential Mortgage Banking.
The Loan Acquisitions segment acquires performing and non-performing SBC loans.
The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using various loan origination channels; and originates and services multi-family loan products.
The SBA Originations, Acquisitions and Servicing segment acquires, originates, and services owner-occupied loans guaranteed by the SBA.
The Residential Mortgage Banking segment originates residential mortgage loans through retail, correspondent, and broker channels.
The company qualifies as a real estate investment trust for federal income tax purposes.
It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders.
The company was formerly known as Sutherland Asset Management Corporation and changed its name to Ready Capital Corporation in September 2018.
Ready Capital Corporation was founded in 2007 and is headquartered in New York, New York.
| Reported date | EPSChange YoY | EstimateSurprise |
|---|
| Fiscal ending date | RevenueChange YoY | IncomeChange YoY | ProfitChange YoY |
|---|---|---|---|
| Sep 30, 23 | 126.15 M Decreased by -1.73% | 43.66 M Decreased by -28.69% | Increased by +34.61% Decreased by -27.43% |
| Jun 30, 23 | 95.12 M Decreased by -14.52% | 246.88 M Increased by +356.41% | Increased by +259.55% Increased by +433.92% |
| Mar 31, 23 | 77.48 M Decreased by -39.95% | 33.14 M Decreased by -46.10% | Increased by +42.78% Decreased by -10.23% |
| Dec 31, 22 | 91.57 M Decreased by -11.52% | 9.46 M Decreased by -82.23% | Increased by +10.33% Decreased by -79.92% |
| Sep 30, 22 | 128.37 M Increased by +22.50% | 61.23 M Increased by +33.75% | Increased by +47.70% Increased by +9.19% |
| Jun 30, 22 | 111.27 M Increased by +21.13% | 54.09 M Increased by +77.58% | Increased by +48.61% Increased by +46.61% |
| Mar 31, 22 | 129.03 M Increased by +42.12% | 61.49 M Increased by +117.37% | Increased by +47.65% Increased by +52.95% |
| Dec 31, 21 | 103.50 M Increased by +48.47% | 53.22 M Increased by +97.75% | Increased by +51.42% Increased by +33.19% |