Ready Capital posts Q3 loss as realized investment losses weigh
RC•Ready Capital reported a third-quarter GAAP loss of $0.40 per share and a distributable loss of $0.53 per share, including $53.9 million in realized investment losses. The company retired all 2026 corporate maturities and reported $303.4 million in loan originations.
1. Quarterly results
Ready Capital reported a third-quarter net loss of $62.19 million, or $0.40 per share on a GAAP basis, and a distributable loss of $0.53 per share. Results included $53.9 million in realized losses on investment sales.
2. Debt and originations
The company said it retired all 2026 corporate maturities during the quarter, shifting its focus to cash flow breakeven and resolving legacy loans. Third-quarter loan originations totaled $303.4 million, including $132.9 million in LMM commercial real estate loans.
