Ready Capital posts Q3 loss as realized investment losses weigh

Ready Capital

05/11/2026 22:28

Overview
U.S. real estate lender posted Q3 GAAP loss per share of $0.40, distributable loss per share $0.53
Company retired all 2026 corporate maturities, shifting focus to cash flow breakeven and legacy loans
Total loan originations for Q3 were $303.4 mln, including $132.9 mln in LMM CRE loans

Outlook
Company did not provide specific financial guidance for upcoming quarters or full year in its press release

Result Drivers
CORPORATE DEBT RETIREMENT - Co said retiring all 2026 corporate maturities was a key focus during the qtr, shifting priorities to cash flow and legacy loan resolution
REALIZED LOSSES ON INVESTMENTS - Qtr results included $53.9 mln in realized losses on sale of investments, weighing on distributable earnings

Company press release: ID:nGNXvqgRs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Loss Per Share
 
$0.40
 
Q3 Net Loss
 
$62.19 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "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 Corporation is $1.25, about 16.8% above its November 5 closing price of $1.07

Reuters Recommended Reads
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Nov 3 - Claros Mortgage Trust posts Q3 net loss 
Nov 3 - Redwood Trust Q3 loss widens

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)