Ready Capital Corp. | REIT Profile

Symbol: RC
Exchange: NYSE
Founded: 2007 (14 years)
HQ: New York, NY, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Mortgage
Internally Managed REIT

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See RC on SEC.gov

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Overall Score: 4.6

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day October 14, 2021


Open Price: $15.12
Closing Price: $15.14
Price Change: 0.07 (0.464%)
Lowest Price: $15.07
Highest Price: $15.198

52-Week Low: $9.52
52-Week High: $15.89
52-Week Change: 43.52%

5 Day Price Change: 2.52%
1 Month Price Change: 3.00%
3 Month Price Change: 2.11%
6 Month Price Change: 13.01%
YTD Price Change: 31.52%
1 Year Price Change: 44.76%
2 Year Price Change: 22.07%
5 Year Price Change: 5.24%

Dividend of Trading Day October 14, 2021


Dividend Yield: 11.096%*
Annualized Dividend: $1.68*
Dividend Yield (TTM): 9.505%
Annualized Dividend (TTM): $1.4325
Ex-Dividend Date: 2021-09-29
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Key Stats of Trading Day October 14, 2021


Total Cash: N/A
Current Debt: $7,663,309,000
Revenue: $615,318,000
Gross Profit: $614,296,000
Total Revenue: $615,318,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $160,368,000
Revenue Per Share: $9
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): 7.02
Profit Margin: 0.19%
Enterprise Value (EV): $1,073,311,004
Enterprise Value to Revenue (EV/R): 1.74
Price to Sales (P/S): 1.74
Price to Book (P/B): 1.00
Peg Ratio: 0.02
P/E Ratio: 7.80
P/E High: 7.83
P/E Low: 4.36
Forward P/E Ratio: 9.05
Market Capitalization: $1,078,296,523
Beta: 1.28
Latest Volume: 243,694.00
Avg. Total Volume: 439,333
Avg. 10 Volume: 247,107.00
Avg. 30 Volume: 439,333.00
TTM EPS: 1.94
TTM Dividend Rate: 1.43
Shares Outstanding: 71,221,699
Float: N/A
50-Day Moving Avg.: 14.75
200-Day Moving Avg.: 14.38

Latest REIT Community Comments on #RC


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REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $15.54 per share you would have been able to buy 64 shares of RC on 2020-10-15 costing $994.56 @ $15.54 per share you would have been able to buy 32 shares of RC on 2020-10-15 costing $497.28 @ $15.54 per share you would have been able to buy 16 shares of RC on 2020-10-15 costing $248.64 @ $15.54 per share you would have been able to buy 6 shares of RC on 2020-10-15 costing $93.24 @ $15.54 per share you would have been able to buy 3 shares of RC on 2020-10-15 costing $46.62
Current worth On 2021-10-14 these 64 shares would be worth $968.96 @ $15.14 On 2021-10-14 these 32 shares would be worth $484.48 @ $15.14 On 2021-10-14 these 16 shares would be worth $242.24 @ $15.14 On 2021-10-14 these 6 shares would be worth $90.84 @ $15.14 On 2021-10-14 these 3 shares would be worth $45.42 @ $15.14
Dividends earned $120.96 in dividends would have been earned since 2020-10-15 with 64 shares. $60 in dividends would have been earned since 2020-10-15 with 32 shares. $30.24 in dividends would have been earned since 2020-10-15 with 16 shares. $11.34 in dividends would have been earned since 2020-10-15 with 6 shares. $5.67 in dividends would have been earned since 2020-10-15 with 32 shares.
Net (gain / loss)* 95.36 USD 47.68 USD 23.84 USD 8.94 USD 4.47 USD
ROI** 9.59% 9.59% 9.59% 9.59% 9.59%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by RC. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
RC 2021-09-29 0.420 --- 2021-09-15 2021-09-30 2021-10-29
RC 2021-06-29 0.420 320.00% 2021-06-14 2021-06-30 2021-07-30
RC 2021-04-01 0.100 -66.67% 2021-03-24 2021-04-05 2021-04-30
RC 2021-03-12 0.300 -14.29% 2021-03-01 2021-03-15 2021-03-18
RC 2020-12-30 0.350 16.67% 2020-12-14 2020-12-31 2021-01-29
RC 2020-09-29 0.300 20.00% 2020-09-15 2020-09-30 2020-10-30
RC 2020-06-29 0.250 -37.50% 2020-06-15 2020-06-30 2020-07-31
RC 2020-03-30 0.400 --- 2020-03-11 2020-03-31 2020-04-30
RC 2019-12-30 0.400 --- 2019-12-11 2019-12-31 2020-01-31
RC 2019-09-27 0.400 --- 2019-09-10 2019-09-30 2019-10-31
RC 2019-06-27 0.400 --- 2019-06-11 2019-06-28 2019-07-31
RC 2019-03-27 0.400 --- 2019-03-12 2019-03-28 2019-04-30
RC 2018-12-28 0.400 --- 2018-12-12 2018-12-31 2019-01-31

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 0 0 0 0
Receivables 9,116,000 44,653,000 17,308,000 16,659,000
Inventory 0 0 0 0
Current Assets 5,881,684,000 4,923,090,000 2,638,992,000 2,559,501,000
Current Assets (Other) 0 0 0 0
Short Term Investments 1,213,857,000 1,602,414,000 809,457,000 921,849,000
Long-term Investments 3,095,208,000 3,093,865,000 2,733,103,000 2,758,009,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 18,578,000 17,817,000 11,206,000 11,206,000
Intangible Assets 6,338,000 6,662,000 6,986,000 7,317,000
Other Assets 3,049,006,000 2,972,804,000 2,613,834,000 2,735,878,000
Net Tangible Assets 1,034,991,000 1,036,971,000 797,204,000 786,747,000
Total Assets 8,976,892,000 8,016,955,000 5,372,095,000 5,317,510,000
Accounts Payable 0 0 0 0
Liabilities (Other) 0 0 0 0
Current Liabilities (Other) 374,301,000 381,124,000 400,298,000 375,580,000
Total Current Liabilities 7,663,309,000 6,801,870,000 4,521,048,000 4,474,583,000
Current Long-term Debt 7,289,008,000 6,420,746,000 4,120,750,000 4,099,003,000
Long-term Debt 0 0 0 0
Total Liabilities 7,699,005,000 6,837,770,000 4,556,699,000 4,512,240,000
Minority Interest 18,857,000 19,061,000 18,812,000 18,900,000
Common Stock 71,221,806 56,817,632 54,354,606 846,965,000
Retained Earnings -23,105,000 -20,027,000 -24,203,000 -31,779,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 1,277,887,000 1,179,185,000 815,396,000 805,270,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 178,912,000 163,145,000 104,281,000 168,980,000
Cost of Revenue 5,517,000 -8,000 -256,000 -4,231,000
Gross Profit 173,395,000 163,153,000 104,537,000 173,211,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 1,970,000 0
Operating Expense 139,747,000 119,210,000 112,856,000 127,057,000
Operating Income 39,165,000 43,935,000 -8,575,000 41,923,000
Income Expense Net (Other) 0 0 41,516,000 0
EBIT 39,165,000 43,935,000 35,345,000 41,923,000
Interest Income 0 0 0 0
Pretax Income 37,899,000 37,628,000 31,826,000 41,917,000
Income Tax 6,995,000 8,681,000 4,267,000 6,554,000
Minority Interest 444,000 659,000 648,000 805,000
Net Income 26,844,000 27,350,000 26,606,000 34,219,000
Net Income Basic 26,844,000 27,350,000 26,606,000 34,219,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income 26,844,000 27,350,000 26,606,000 34,219,000
Depreciation 0 0 0 0
Changes in Receivables 9,116,000 44,653,000 17,308,000 -10,531,000
Changes in Inventories 0 0 0 0
Cash Change 200,723,000 308,428,000 138,975,000 -107,170,000
Cash Flow 71,133,000 -50,201,000 69,154,000 -261,000
Capital Expenditures 0 0 0 0
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -1,120,160,000 -210,541,000 -51,754,000 -7,688,000
Dividends Paid 0 0 0 0
Net Borrowings 1,674,281,000 1,913,698,000 1,685,738,000 1,784,015,000
Cash Flow Financing 949,023,000 432,294,000 -40,664,000 103,715,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Ready Capital Corp.


Ready Capital is a non-bank real estate and small business lender that has provided over $3 billion in capital nationwide. The company lends up to $35 million on multifamily and commercial real estate, delivering value-add bridge loans and fixed rate financings for stabilized assets. Ready Capital is an approved Freddie Mac Small Balance Loan (“SBL”) lender, an SBA Preferred Lender and provides residential mortgage lending though its wholly-owned subsidiary, GMFS Inc. Formed in 2011, Ready Capital is a publicly-traded mortgage REIT (NYSE: RC), and is externally managed by Waterfall Asset Management, LLC., a NY-based SEC registered investment advisor.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
2 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
1 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
3 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
10 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
10 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
5 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
4.6 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2021-10-15 - v1.9