Ready Capital Corp
For the period ended Sep 30, 2024. Filed Nov 12, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 12, 2024
RC$1.01-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands) | 2024 | 2023 | 2024 | 2023 |
| Net income (loss) | $(7,279) | $47,179 | $(115,647) | $337,530 |
| Other comprehensive income (loss) - net change by component: | ||||
| Derivative financial instruments (cash flow hedges) | (12,639) | 4,626 | (7,834) | 3,314 |
| Foreign currency translation | 2,257 | (1,239) | 1,534 | 213 |
| Other comprehensive income (loss) | $(10,382) | $3,387 | $(6,300) | $3,527 |
| Comprehensive income (loss) | $(17,661) | $50,566 | $(121,947) | $341,057 |
| Less: Comprehensive income attributable to non-controlling interests | 1,945 | 1,544 | 3,909 | 7,866 |
| Comprehensive income (loss) attributable to Ready Capital Corporation | $(19,606) | $49,022 | $(125,856) | $333,191 |
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
| Three Months Ended September 30, 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Loss · Total Ready Capital Corporation Equity · Non-controlling Interests · Total Stockholders' Equity | ||||||||||
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at June 30, 2024 | 4,600,000 | $111,378 | 168,167,272 | $17 | $2,287,684 | $(92,319) | $(13,880) | $2,292,880 | $98,985 | $2,391,865 |
| Dividend declared: | ||||||||||
| Common stock ($0.25 per share) | — | — | — | — | — | (42,375) | — | (42,375) | — | (42,375) |
| OP units | — | — | — | — | — | — | — | — | (228) | (228) |
| $0.390625 per Series C preferred share | — | — | — | — | — | (131) | — | (131) | — | (131) |
| $0.406250 per Series E preferred share | — | — | — | — | — | (1,868) | — | (1,868) | — | (1,868) |
| Stock-based compensation | — | — | 48,980 | — | 450 | — | — | 450 | — | 450 |
| Conversion of OP units into common stock | — | — | 315,000 | — | 2,649 | — | — | 2,649 | (2,649) | — |
| Share repurchases | — | — | (548) | — | (5) | — | — | (5) | — | (5) |
| Reallocation of non-controlling interest | — | — | — | — | 1,451 | — | (56) | 1,395 | (1,395) | — |
| Net income (loss) | — | — | — | — | — | (9,310) | — | (9,310) | 2,031 | (7,279) |
| Other comprehensive loss | — | — | — | — | — | — | (10,296) | (10,296) | (86) | (10,382) |
| Balance at September 30, 2024 | 4,600,000 | $111,378 | 168,530,704 | $17 | $2,292,229 | $(146,003) | $(24,232) | $2,233,389 | $96,658 | $2,330,047 |
| Three Months Ended September 30, 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Loss · Total Ready Capital Corporation Equity · Non-controlling Interests · Total Stockholders' Equity | ||||||||||
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at June 30, 2023 | 4,600,000 | $111,378 | 171,651,924 | $17 | $2,313,849 | $187,139 | $(9,281) | $2,603,102 | $99,960 | $2,703,062 |
| Dividend declared: | ||||||||||
| Common stock ($0.36 per share) | — | — | — | — | — | (62,263) | — | (62,263) | — | (62,263) |
| OP units | — | — | — | — | — | — | — | — | (515) | (515) |
| $0.390625 per Series C preferred share | — | — | — | — | — | (131) | — | (131) | — | (131) |
| $0.406250 per Series E preferred share | — | — | — | — | — | (1,868) | — | (1,868) | — | (1,868) |
| Distributions, net | — | — | (503) | — | (6) | — | — | (6) | (63) | (69) |
| Conversion of OP units into common stock | — | — | 110,659 | — | 1,254 | — | — | 1,254 | (1,254) | — |
| Stock-based compensation | — | — | 349,033 | — | 3,615 | — | — | 3,615 | — | 3,615 |
| Share repurchases | — | — | (87,242) | — | (978) | — | — | (978) | — | (978) |
| Reallocation of non-controlling interest | — | — | — | — | 375 | — | (7) | 368 | (368) | — |
| Net income | — | — | — | — | — | 45,662 | — | 45,662 | 1,517 | 47,179 |
| Other comprehensive income | — | — | — | — | — | — | 3,360 | 3,360 | 27 | 3,387 |
| Balance at September 30, 2023 | 4,600,000 | $111,378 | 172,023,871 | $17 | $2,318,109 | $168,539 | $(5,928) | $2,592,115 | $99,304 | $2,691,419 |
UNAUDITED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.