Ready Capital Corp. (RC) Misses Q1 EPS by 36c

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Go back to Ready Capital Corp. (RC) Misses Q1 EPS by 36c

Ready Capital Corporation Announces First Quarter 2020 Results

May 11, 2020 6:00 AM EDT

NEW YORK, May 11, 2020 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small to medium balance commercial loans, today reported financial results for the quarter ended March 31, 2020. A summary of Ready Capital's operating results for the quarter ended March 31, 2020 is presented below. Ready Capital reported a U.S. GAAP Net loss for the three months ended March 31, 2020 of $51.5 million, or $0.98 per share of common stock, and Core Earnings (a non-GAAP financial measure) of $1.2 million,... More