Thomas Capasse said book value declines are decelerating as the company focuses on meeting fourth-quarter debt maturities and restarting growth in core CRE debt and SBA 7(a).
Cash generation and leverage
Year-to-date cash generation reached $1.4 billion from loan sales and portfolio runoff, paying down over $1 billion of asset-level financing.
Book value was $6.83 per share at June 30, with $124 million of cash, $690 million of unencumbered assets, and total leverage of 3.0x.
Quarterly loss and distributable results
Ready Capital posted a GAAP loss of $(0.63) per share in Q2 2026; distributable loss was $(0.47) per share.
Distributable loss before realized losses was $(0.24) per share; net loss totaled $99.68 million.
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