Brief: Ready Capital Q2 Distributable EPS USD -0.34

Ready Capital

07/08/2025 23:26

Overview

Ready Capital Q2 GAAP loss per share at $0.31, distributable loss at $0.14

Co completed sale of Residential Mortgage Banking segment, enhancing liquidity

Acquired 8.5 mln shares in stock repurchase, issued $50 mln senior notes

Outlook

Ready Capital focuses on liquidity for reinvestment in core portfolio

Company emphasizes strategic asset management to improve financial health

Result Drivers

LIQUIDATION STRATEGY - Co's targeted liquidation of underperforming assets aimed at providing liquidity for reinvestment in core portfolio

SEGMENT SALE - Completed sale of Residential Mortgage Banking segment to enhance liquidity

LOAN ORIGINATIONS - Achieved $173 mln in LMM commercial real estate originations and $359 mln in small business lending

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Distributable EPS
-$0.34
Q2 Distributable Earnings
-$12.70 mln
Q2 Net Income
-$53.68 mln
Q2 Distributable Basic EPS
-$0.34


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Ready Capital Corp is $5.00, about 15.4% above its August 7 closing price of $4.23

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nGNX2KnkQ

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)