Ready Capital Reports Q2 2025 Results with Strategic Asset Sales and Share Repurchases

Ready Capital Corporation (NYSE: RC) reported second quarter 2025 financial results showing significant progress in its restructuring efforts toward restoring profitability. The multi-strategy real estate finance company generated $173 million in lower-to-middle-market commercial originations and $359 million in small business loan originations during the quarter, while simultaneously executing strategic asset sales and share repurchases.

The company reported a book value of $10.44 per share and repurchased 8.5 million shares at $4.41 each, demonstrating confidence in its valuation. Ready Capital also issued $50 million in 9.375% Senior Secured Notes due 2028, strengthening its capital position. A key development was the sale of its Residential Mortgage Banking segment, part of the company's broader strategy to focus on core competencies.

Subsequent to quarter-end, Ready Capital secured ownership of a Portland, Oregon mixed-use property through a deed-in-lieu transaction and sold 21 loans with a $494 million carrying value for $85 million in net proceeds. These transactions represent the company's continued execution of its plan to liquidate underperforming assets and reinvest capital into its core multifamily bridge portfolio. For more information about the company's operations, visit https://readycapital.com/.

The strategic moves highlight Ready Capital's shift toward more profitable segments of real estate finance, particularly focusing on agency multifamily, investor, construction, and bridge lending, along with its U.S. Small Business Administration loan programs. The company's emphasis on liquidating non-core assets while maintaining originations in its target markets suggests a disciplined approach to capital allocation and portfolio optimization during a challenging real estate market environment.