NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2024. This dividend is payable on July 31, 2024, to shareholders of record as of the close of business on June 28, 2024. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumul ...

公司收购事件 - 2024年6月11日Ready Capital Corporation（NYSE:RC）宣布收购Madison One Capital、M1 CUSO和Madison One Lender Services（统称“Madison One”）交易条款未披露 [1] - 此次交易将通过支持农村地区小企业和能源项目的担保贷款项目扩大Ready Capital在USDA贷款领域的业务 [2] - 收购Madison One有助于Ready Capital实现收入来源多元化增加销售收益业务规模Ready Capital已是小企业SBA 7(a)贷款的第四大发起者 [2] - Ready Capital首席执行官Thomas Capasse表示此次收购预计每年产生超3亿美元的USDA业务量扩大政府担保小企业业务增加公司销售收益 [3] - Madison One的董事总经理Jason Bengert表示与Ready Capital合作使Madison One有直接的资产负债表促进其USDA平台发展为农村客户提供更灵活的融资 [3] - Madison One的另一位董事总经理Chris Balestrino表示期待从更大平台受益实现协同效应向美国农村地区投入更多资金 [3] - Madison One将作为Ready Capital的子公司运营其团队全员加入新子公司业务线由ReadyCap Lending管理 [3] - Ready Capital的顾问为Harbor View Advisors法律顾问为Alston & Bird LLP Madison One的顾问为Burntside Advisors法律顾问为Lewis Firm [4] 公司概况 - Ready Capital是一家多策略房地产金融公司主要从事中小规模商业贷款的发起收购融资和服务业务总部位于纽约约有350名专业人员 [5] - Madison One是盈利性高的政府担保贷款行业中领先的发起者和服务商专注于USDA和SBA担保贷款产品总部位于亚利桑那州斯科茨代尔有30名员工 [6]

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that Tom Capasse, Ready Capital's Chairman and Chief Executive Officer, will present at REITweek 2024: Nareit's Investor Conference at the New York Hilton Midtown on Wednesday, June 5, 2024 at 2:00 p.m. Eastern Time. Access to a live audio-webcast of the presentation in listen-only mode will be available through the "Investor Relations" section of the Company's website, www.readycapital.com. A replay of ...

NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that Tom Capasse, Ready Capital's Chairman and Chief Executive Officer, will present at REITweek 2024: Nareit's Investor Conference at the New York Hilton Midtown on Wednesday, June 5, 2024 at 2:00 p.m. Eastern Time. Access to a live audio-webcast of the presentation in listen-only mode will be available through the "Investor Relations" section of the Company's website, www.readycapital.com. A replay of ...

NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”) proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL), as it closed $265.7 million of SBA 7(a) loans in the first four months of 2024. This achievement represents a remarkable 103% increase from the same period in the previous year, underscoring the success of its dual strategy catering to both large and small loans per SBA guidelines. In addition to this mileston ...

NEW YORK, May 21, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (“Ready Capital”) proudly announces a significant milestone for its non-bank SBA 7(a) subsidiary, ReadyCap Lending (RCL), as it closed $265.7 million of SBA 7(a) loans in the first four months of 2024. This achievement represents a remarkable 103% increase from the same period in the previous year, underscoring the success of its dual strategy catering to both large and small loans per SBA guidelines. In addition to this mileston ...

Dilok KlaisatapornReady Capital Corporation (NYSE:RC) is a mortgage REIT, which in the company's own words means that it "originates, acquires, finances and services small-to-medium-sized balance commercial loans". We have covered this lender a few times on Seeking Alpha, the last time being after the Q4-2023 results were published. The business was using relatively less leverage compared to late 2022 and the distributable earnings, as expected, were following the same direction. The past due loans were ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Commission File Number: 001-35808 READY CAPITAL CORPORATION (Exact Name of Registrant as Specified in its Charter) Maryland 90-0729143 (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) 1251 Avenue of the Americas, 50th Floor, New Y ...

财务数据和关键指标变化 - 收入从净利息收入、服务费收入和出售收益下降1.6% [32] - 营业成本下降2%,剔除REO减值和ERC损失准备后下降14% [33] - 贷款损失准备和估值准备合计1.2亿美元,其中56%与办公物业相关 [34] - 每股账面价值从14.10美元下降到13.43美元,主要由于持有待售贷款的估值准备 [36] 各条业务线数据和关键指标变化 - 小企业贷款业务第一季度创纪录,达1.94亿美元,较上季度增长47% [28] - 住房抵押贷款业务将在第二季度底前退出 [27] 各个市场数据和关键指标变化 - 多户型房地产贷款占公司总贷款的78%,虽然整体市场逾期率上升,但长期估值受到需求支撑 [15][16] - 办公楼贷款占比仅4.4%,31%的办公楼贷款已逾期,公司计划通过出售方式来优化资本配置 [19] 公司战略和发展方向及行业竞争 - 公司将通过五项举措来提高ROE,包括重新配置低收益资产、提高杠杆、退出住房抵押贷款业务、扩大小企业贷款业务、降低运营成本 [25][26][27][28][29] - 公司正在评估更换特殊服务商或自建特殊服务商评级,以提高贷款修改效率 [80][81][82][83] - 公司未来可能发行管理型CRE CLO,以获得更大的灵活性 [88][89][90] 管理层对经营环境和未来前景的评论 - 高利率和通胀压力持续影响商业地产行业 [9] - 多户型房地产市场面临租金增长放缓、运营成本上升等挑战,但长期需求支撑估值 [15][16] - 办公楼市场面临长期结构性下行,公司计划通过出售方式优化资本配置 [19] - 公司认为多户型房地产市场将在2024年下半年触底 [110][111][112] 问答环节重要的提问和回答 问题1 **Steve DeLaney 提问** 持有待售贷款的减值准备对每股账面价值的影响大约为0.85美元 [40][41] **Tom Capasse 和 Adam Zausmer 回答** 公司从原始贷款组合和并购组合中选择了持有待售贷款,主要包括办公楼贷款和Broadmark并购组合中的非核心资产,目的是通过出售获得更高的净现值 [44][45][46][47][48][49][50][51] 问题2 **Jade Rahmani 提问** 不考虑税收优惠,可分配收益会是多少?未来几个季度的可分配收益目标是多少? [55] **Andrew Ahlborn 回答** 不良贷款恢复正常计息将增加约0.35美元的年度可分配收益,持有待售贷款重新部署将增加0.12-0.15美元的每股收益,公司正在努力使可分配收益接近10%的目标 [56][57][58][59][60][61][62] 问题3 **Stephen Laws 提问** 公司是否考虑更换特殊服务商或自建特殊服务商评级,这会如何影响对不良贷款的处置能力? [79] **Adam Zausmer 和 Tom Capasse 回答** 公司正在与现有服务商沟通改善效率,同时也在评估更换服务商或自建特殊服务商评级的可行性,以提高对不良贷款的处置能力 [80][81][82][83][84][85][86]

Exhibit 99.1 READY CAPITAL CORPORATION REPORTS FIRST QUARTER 2024 RESULTS - GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.45) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.29 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 8.6% - New York, New York, May 9, 2024 / 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”) ...