Ready Capital Corporation — Third Quarter 2026 Earnings Summary

Ready Capital Corporation reported a GAAP loss per common share of $0.40 and a distributable loss per share of $0.53 for the third quarter ended September 30, 2026. The company successfully retired its entire $350.0 million 4.50% Senior Secured Notes and issued $225.0 million in new 10.00% Senior Secured Notes due 2031 to manage its capital structure. During the quarter, total loan originations reached $303.4 million, comprising $132.9 million in lower-to-middle-market commercial real estate loans and $109.3 million in Small Business Administration 7(a) loans. As of the quarter end, the company held $157 million in cash, $606 million in unencumbered assets, and reported a book value of $6.44 per share.