Ready Capital Corp
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
RC$1.04+22.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED BALANCE SHEETS
| (in thousands) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $143,803 | $138,532 |
| Restricted cash | 30,560 | 30,063 |
| Loans, net (including $3,533 and $9,348 held at fair value) | 3,378,149 | 4,020,160 |
| Loans, held for sale (including $128,531 and $81,599 held at fair value and net of valuation allowance of $97,620 and $0) | 241,626 | 81,599 |
| Mortgage-backed securities | 31,006 | 27,436 |
| Investment in unconsolidated joint ventures (including $6,577 and $7,360 held at fair value) | 161,561 | 133,321 |
| Derivative instruments | 7,963 | 2,404 |
| Servicing rights | 128,440 | 102,837 |
| Real estate owned, held for sale | 193,437 | 252,949 |
| Other assets | 362,486 | 300,175 |
| Assets of consolidated VIEs | 5,175,295 | 6,897,145 |
| Assets held for sale (refer to Note 9) | 287,595 | 454,596 |
| Total Assets | $10,141,921 | $12,441,217 |
| Liabilities | ||
| Secured borrowings | 2,035,176 | 2,102,075 |
| Securitized debt obligations of consolidated VIEs, net | 3,580,513 | 5,068,453 |
| Senior secured notes, net | 437,847 | 345,127 |
| Corporate debt, net | 895,265 | 764,908 |
| Guaranteed loan financing | 691,118 | 844,540 |
| Contingent consideration | 573 | 7,628 |
| Derivative instruments | 352 | 212 |
| Dividends payable | 43,168 | 54,289 |
| Loan participations sold | 95,578 | 62,944 |
| Due to third parties | 1,442 | 3,641 |
| Accounts payable and other accrued liabilities | 188,051 | 207,481 |
| Liabilities held for sale (refer to Note 9) | 228,735 | 333,157 |
| Total Liabilities | $8,197,818 | $9,794,455 |
| Preferred stock Series C, liquidation preference $25.00 per share (refer to Note 20) | 8,361 | 8,361 |
| Commitments & contingencies (refer to Note 24) | ||
| Stockholders’ Equity | ||
| Preferred stock Series E, liquidation preference $25.00 per share (refer to Note 20) | 111,378 | 111,378 |
| Common stock, $0.0001 par value, 500,000,000 shares authorized, 162,792,372 and 172,276,105 shares issued and outstanding, respectively | 17 | 17 |
| Additional paid-in capital | 2,250,291 | 2,321,989 |
| Retained earnings (deficit) | (505,089) | 124,413 |
| Accumulated other comprehensive loss | (18,552) | (17,860) |
| Total Ready Capital Corporation equity | 1,838,045 | 2,539,937 |
| Non-controlling interests | 97,697 | 98,464 |
| Total Stockholders’ Equity | $1,935,742 | $2,638,401 |
| Total Liabilities, Redeemable Preferred Stock, and Stockholders’ Equity | $10,141,921 | $12,441,217 |
CONSOLIDATED STATEMENTS OF OPERATIONS
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