Ready Capital reports Q4 GAAP loss of $1.46 per share

Ready Capital

26/02/2026 22:00

Overview

Real estate finance firm's Q4 GAAP loss per share was $1.46

Company reported a net loss of $232.6 mln for Q4

Company completed acquisition of United Development Funding IV

CEO Thomas Capasse stated the company is executing a liquidity plan to meet obligations and reposition equity away from Covid-vintage production

Outlook

Company focuses on improving liquidity and financial stability

Ready Capital is repositioning equity away from Covid-vintage production

Result Drivers

LOAN ORIGINATIONS - Originations included $235 mln in LMM commercial real estate and $140 mln in small business lending, including SBA and USDA loans

ASSET SALES - Completed sale of 34 loans with unpaid principal balance of $855.3 mln and retired senior unsecured note

Company press release: ID:nGNXWHkZ6

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$1.46
Q4 Net Income
-$232.61 mln


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 $2.50, about 53.4% above its February 26 closing price of $1.63

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.)