Ready Capital reports second quarter 2026 financial results
The company posted a GAAP loss per share of $(0.63) and distributable loss of $(0.47), while generating $1.4 billion in cash from loan sales and runoff.
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Commercial real estate and small business lender
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In short: Ready Capital priced a $225 million debt offering and advanced its strategic repositioning despite reporting a net loss for Q2 2026.
The company posted a GAAP loss per share of $(0.63) and distributable loss of $(0.47), while generating $1.4 billion in cash from loan sales and runoff.
The securitization of SBA 7(a) loans enhances liquidity and lending capacity for small businesses.
GAAP loss per share was $1.25, and the company continues its balance sheet repositioning plan.
The company will report earnings after market close on May 7, 2026, and hold a conference call on May 8 at 8:30 AM ET.
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Ready Capital (RC) has priced a private placement of $225 million of 10% senior secured notes due 2031 at 99.5% of principal, the company said...
The financing, arranged by Peachtree Group and described by the firm as its second-largest C-PACE deThank you for your interest in The Registry. You must...
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