Latest RC news

Ready Capital Corporation Prices $225 Million of Senior Secured Notes Due 2031 and Announces Redemption of $350 Million of Notes Due 2026

GlobeNewsWire · Fri, 18 Sep 2026 07:30:00 -0400

NEW YORK, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC) today announced that its subsidiary, ReadyCap Holdings II, LLC (the "Issuer"), has priced a private placement of $225.0 million in aggregate principal amount of 10.00% Senior Secured Notes due 2031 (the "New Notes"). Additionally, ReadyCap Holdings, LLC ("RCH"), a subsidiary of the Company, issued a notice of redemption for the entire $350.0 million outstanding aggregate principal amount of the 4.50% Senior Secured Notes due 2026 (the "Existing Notes").

Ready Capital Corporation Declares Third Quarter 2026 Dividends

GlobeNewsWire · Tue, 15 Sep 2026 16:15:00 -0400

NEW YORK, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the “Company”) announced that its Board of Directors declared a quarterly cash dividend of $0.01 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2026. This dividend is payable on October 30, 2026, to shareholders of record as of the close of business on September 30, 2026.

Ready Capital Series E Preferred Shares: Don't Be A Hero

Seeking Alpha · Tue, 15 Sep 2026 05:12:49 -0400

Ready Capital is a deeply distressed CRE REIT with 37% of its portfolio in non-performing loans. RC's preferred shares (RC.PR.E) trade at 50 cents on the dollar, reflecting severe impairment risk and potential for further losses. The company's negative net interest income and high-risk loan book signal ongoing value erosion and possible suspension of preferred dividends.

Ready Capital: The Bad, The Worse, And The Preferreds

Seeking Alpha · Sat, 05 Sep 2026 08:29:44 -0400

Ready Capital faces persistent GAAP losses and book value per share erosion, undermining its investment profile. RC's dividend has been slashed 97.5% over three years, now yielding just 2.26% with a token $0.01 quarterly payout. Shares trade at a steep 74% discount to book value, reflecting deep investor skepticism and ongoing balance sheet stress.

Waterfall Asset Management and Delaware Life Complete Refinancing of The Torrance in Southern California

PRNewsWire · Thu, 03 Sep 2026 09:00:00 -0400

NEW YORK, Sept. 3, 2026 /PRNewswire/ -- Waterfall Asset Management ("Waterfall"), an alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans and real assets, and Delaware Life today announced the closing of a $64.7 million loan facility, refinancing The Torrance, a 301,000-square-foot Class A office property located in Torrance, California.

Losers Of REIT Earnings Season

Seeking Alpha · Mon, 17 Aug 2026 10:58:00 -0400

Not Every REIT Joined The Recovery: Part 2 focuses on the relatively small group of laggards where company-specific credit, legal, refinancing, or asset-level issues overshadowed an otherwise very strong earnings. Weakness Was More Company-Specific Than Sector-Wide: Empire State Realty's Observatory shortfall, JBG Smith's adverse Wardman Tower ruling, Community Healthcare's dividend cut, and several troubled mortgage portfolios drove some individual downside. Mortgage Stress Hasn't Fully Cleared: Commercial mREIT book values fell nearly 5% on average as office, lab space, and multifamily credit problems persisted for some sponsors.

Ready Capital Q2 Earnings Call Highlights

MarketBeat · Sat, 08 Aug 2026 23:04:51 -0400

Ready Capital NYSE: RC said its second-quarter results reflected continued progress in a balance sheet repositioning plan, including portfolio sales, debt paydowns and new financing initiatives, as the company works to meet remaining 2026 debt maturities and return to sustainable profitability.

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