Ready Capital Corporation Reports Third Quarter 2026 Results
Key Highlights
- ➤GAAP loss per share $(0.40), versus $(0.13) year-earlier
- ➤Distributable loss per share $(0.53), including $(0.21) before realized losses
- ➤$225.0 million 10.00% senior notes issued, while retiring $350.0 million notes
- ➤Loan originations totaled $303.4 million, including $132.9 million commercial loans
- ➤Book value $6.44 per share; cash $157 million and unencumbered assets $606 million
Expert Statements
Thomas Capasse, Chairman and Chief Executive Officer of Ready Capital
“Following the scheduled repayment of our November notes, we will have retired all of our 2026 corporate maturities, a milestone which drove the Company's activities over the last year.”
Thomas Capasse, Chairman and Chief Executive Officer of Ready Capital
“Our immediate priorities now turn to bringing distributable earnings and free cash flow to breakeven and resolving the remaining legacy non-performing commercial loan portfolio.”
NEW YORK, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner-occupied commercial real estate loans, today reported financial results for the quarter ended September 30, 2026.
“Following the scheduled repayment of our November notes, we will have retired all of our 2026 corporate maturities, a milestone which drove the Company's activities over the last year,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer. “Our immediate priorities now turn to bringing distributable earnings and free cash flow to breakeven and resolving the remaining legacy non-performing commercial loan portfolio.”
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