Ready Capital Corp. (RC) Misses Q1 EPS by 1c

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Go back to Ready Capital Corp. (RC) Misses Q1 EPS by 1c

Ready Capital Corporation Announces First Quarter 2021 Results

May 6, 2021 4:40 PM EDT

NEW YORK, May 6, 2021 /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, 2021. Ready Capital reported U.S. GAAP Net income for the three months ended March 31, 2021, of $28.9 million, or $0.49 per share of common stock, and Distributable Earnings (a non-GAAP financial measure) of $24.7 million, or $0.41 per share of common stock.

First Quarter Results:

U.S. GAAP Net income of $28.9... More