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 STATEMENTS OF CHANGES IN EQUITY
| Preferred Series E · Common Stock · Additional Paid-In Capital · Retained Earnings (Deficit) · Accumulated Other Comprehensive Income (Loss) · Total Ready Capital Corporation Equity · Non-Controlling Interest · Total Stockholders' Equity | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (in thousands, except share data) · Shares · Amount · Shares · Amount | ||||||||||
| Balance at December 31, 2021 | 4,600,000 | $111,378 | 75,838,050 | $8 | $1,161,853 | $8,598 | $(5,733) | $1,276,104 | $4,494 | $1,280,598 |
| Dividend declared: | ||||||||||
| Common Stock ($1.66 per share) | — | — | — | — | — | (189,871) | — | (189,871) | — | (189,871) |
| OP units | — | — | — | — | — | — | — | — | (2,794) | (2,794) |
| $1.5625 per Series C preferred share | — | — | — | — | — | (524) | — | (524) | — | (524) |
| $1.6250 per Series E preferred share | — | — | — | — | — | (7,472) | — | (7,472) | — | (7,472) |
| Distributions, net | — | — | — | — | — | — | — | — | (14,317) | (14,317) |
| Shares issued pursuant to merger transactions | — | — | 30,252,764 | 3 | 437,308 | — | — | 437,311 | — | 437,311 |
| OP units issued pursuant to merger transactions | — | — | — | — | — | — | — | — | 20,745 | 20,745 |
| Non-controlling interest acquired in merger transaction | — | — | — | — | — | — | — | — | 82,524 | 82,524 |
| Retirement of OP units | — | — | — | — | — | — | — | — | (2,000) | (2,000) |
| Equity issuances | — | — | 8,100,926 | — | 124,515 | — | — | 124,515 | — | 124,515 |
| Offering costs | — | — | — | — | (1,178) | — | — | (1,178) | (10) | (1,188) |
| Equity component of 2017 convertible note issuance | — | — | — | — | (443) | — | — | (443) | (5) | (448) |
| Sale of subsidiary interest to non-controlling interest | — | — | — | — | — | — | — | — | 167 | 167 |
| Stock-based compensation | — | — | 409,642 | — | 6,196 | — | — | 6,196 | — | 6,196 |
| Share repurchases | — | — | (4,077,741) | — | (42,622) | — | — | (42,622) | — | (42,622) |
| Reallocation of non-controlling interest | — | — | — | — | (1,555) | — | 128 | (1,427) | 1,427 | — |
| Net income | — | — | — | — | — | 194,263 | — | 194,263 | 8,900 | 203,163 |
| Other comprehensive income (loss) | — | — | — | — | — | — | (3,764) | (3,764) | 15 | (3,749) |
| Balance at December 31, 2022 | 4,600,000 | $111,378 | 110,523,641 | $11 | $1,684,074 | $4,994 | $(9,369) | $1,791,088 | $99,146 | $1,890,234 |
| Dividend declared: | ||||||||||
| Common Stock ($1.46 per share) | — | — | — | — | — | (212,035) | — | (212,035) | — | (212,035) |
| OP units | — | — | — | — | — | — | — | — | (2,169) | (2,169) |
| $1.5625 per Series C preferred share | — | — | — | — | — | (524) | — | (524) | — | (524) |
| $1.6250 per Series E preferred share | — | — | — | — | — | (7,473) | — | (7,473) | — | (7,473) |
| Distributions, net | — | — | (503) | — | (6) | — | — | (6) | (187) | (193) |
| Shares issued pursuant to merger transactions | — | — | 62,229,429 | 6 | 637,223 | — | — | 637,229 | — | 637,229 |
| Equity issuances | — | — | — | — | 125 | — | — | 125 | — | 125 |
| Offering costs | — | — | — | — | (226) | — | — | (226) | (2) | (228) |
| Equity component of 2017 convertible note issuance | — | — | — | — | (191) | — | — | (191) | (3) | (194) |
| Stock-based compensation | — | — | 1,266,615 | — | 15,622 | — | — | 15,622 | — | 15,622 |
| Conversion of OP units into common stock | — | — | 263,401 | — | 2,842 | — | — | 2,842 | (2,842) | — |
| Share repurchases | — | — | (2,006,478) | — | (21,845) | — | — | (21,845) | — | (21,845) |
| Reallocation of non-controlling interest | — | — | — | — | 4,371 | — | 17 | 4,388 | (4,388) | — |
| Net income | — | — | — | — | — | 339,451 | — | 339,451 | 8,960 | 348,411 |
| Other comprehensive loss | — | — | — | — | — | — | (8,508) | (8,508) | (51) | (8,559) |
| Balance at December 31, 2023 | 4,600,000 | $111,378 | 172,276,105 | $17 | $2,321,989 | $124,413 | $(17,860) | $2,539,937 | $98,464 | $2,638,401 |
| Dividend declared: | ||||||||||
| Common Stock ($1.10 per share) | — | — | — | — | — | (185,751) | — | (185,751) | — | (185,751) |
| OP units | — | — | — | — | — | — | — | — | (1,189) | (1,189) |
| $1.5625 per Series C preferred share | — | — | — | — | — | (524) | — | (524) | — | (524) |
| $1.6250 per Series E preferred share | — | — | — | — | — | (7,472) | — | (7,472) | — | (7,472) |
| Contributions, net | — | — | (1,981) | — | (18) | — | — | (18) | 600 | 582 |
| Stock-based compensation | — | — | 515,183 | — | 6,171 | — | — | 6,171 | — | 6,171 |
| Conversion of OP units into common stock | — | — | 445,000 | — | 3,812 | — | — | 3,812 | (3,812) | — |
| Share repurchases | — | — | (10,441,935) | — | (83,488) | — | — | (83,488) | — | (83,488) |
| Reallocation of non-controlling interest | — | — | — | — | 1,825 | — | (120) | 1,705 | (1,705) | — |
| Net income (loss) | — | — | — | — | — | (435,755) | — | (435,755) | 5,357 | (430,398) |
| Other comprehensive loss | — | — | — | — | — | — | (572) | (572) | (18) | (590) |
| Balance at December 31, 2024 | 4,600,000 | $111,378 | 162,792,372 | $17 | $2,250,291 | $(505,089) | $(18,552) | $1,838,045 | $97,697 | $1,935,742 |
CONSOLIDATED STATEMENTS OF CASH FLOWS
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