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Ready Capital Reports $430M Net Loss on CRE Provisions, Pivots to Core Lending

RC10-KFiling Date: 9/30/2025
Ready Capital Corporation
Description

What this story covers

Ready Capital's 2024 10-K reveals a $430M net loss driven by $284M loan provisions amid CRE volatility, with delinquencies at 5.3%. Portfolio at $8.5B focuses on LMM and SBA loans; divestitures and acquisitions like Madison One streamline ops. Distributable earnings support $1.72 dividend, positioning for recovery via $3.2B pipeline.

Story snapshot

CompanyReady Capital Corporation
TickerRC
VariantStandard detailed
Duration15:42
Filing type10-K
PeriodAnnual 2024
IndustryFinancial Services
Accession0001628280-25-043144

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