OverviewSuggest Edit

Ready Capital Corporation, formerly Sutherland Asset Management Corporation, is a real estate finance company. It acquires, originates, manages, services, and finances small balance commercial loans, small business administration loans, residential mortgage loans, and mortgage-backed securities.

TypePublic
Founded2007
HQNew York, US
Websitereadycapital.com

Locations

Ready Capital is headquartered in
New York, United States

Location Map

Latest Updates

Revenue (FY, 2019)$174.6 M(+19%)
Share Price (Oct 2020)$11.8
Cybersecurity ratingAMore

Key People/Management at Ready Capital

Thomas Edward Capasse

Thomas Edward Capasse

Chairman of the Board of Directors and Chief Executive Officer
Andrew Ahlborn

Andrew Ahlborn

Chief Financial Officer
Jack Jay Ross

Jack Jay Ross

President and Director
Thomas Buttacavoli

Thomas Buttacavoli

Chief Investment Officer
Gary T. Taylor

Gary T. Taylor

COO
Frank P. Filipps

Frank P. Filipps

Director
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Ready Capital Office Locations

Ready Capital has offices in New York, Berkeley Heights and Irving
New York, US (HQ)
1140 6th Ave 7th Floor
Berkeley Heights, US
200 Connell Dr #4000
Irving, US
1320 Greenway Dr #560
New York, US
1251 6th Ave 50th floor
Show all (4)

Ready Capital Financials and Metrics

Ready Capital Revenue

Ready Capital's revenue was reported to be $174.63 m in FY, 2019
USD

Revenue (Q2, 2020)

120.9m

Net income (Q2, 2020)

34.7m

Market capitalization (16-Oct-2020)

649.1m

Closing stock price (16-Oct-2020)

11.8

Cash (30-Jun-2020)

257.0m

EV

1.6b
Ready Capital's current market capitalization is $649.1 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

(2.2m)48.9m137.0m73.2m147.9m174.6m

Revenue growth, %

15%

General and administrative expense

2.6m

Operating expense total

2.6m4.5m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

1.2m(10.5m)1.2m992.1k22.7m9.4m17.4m8.9m5.7m11.5m16.8m33.9m33.2m35.0m25.2m19.7m19.0m56.3m33.0m40.0m22.5m120.9m

Cost of goods sold

4.5m

General and administrative expense

354.2k769.1k844.4k1.2m980.3k634.6k

Operating expense total

354.2k769.1k844.4k1.2m980.3k3.4m1.1m976.3k
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

57.1m33.8m20.8m59.6m63.4m54.4m67.9m

Accounts Receivable

867.0k6.8m8.9m

Prepaid Expenses

56.8m63.2m106.9m

Inventories

1.0m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Cash

12.8m21.2m21.5m30.1m27.6m25.8m38.0m28.6m29.4m66.6m188.5m185.0m40.0m63.9m70.6m86.8m105.8m47.8m47.6m41.9m52.7m122.3m257.0m

Accounts Receivable

111.2m106.6m6.8m11.1m980.0k1.5m718.0k2.8m705.0k

Prepaid Expenses

60.9m39.5m35.4m53.6m56.9m59.2m68.9m68.4m76.8m114.9m103.7m

PP&E

1.4m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

(5.1m)29.9m(1.4m)53.4m45.8m61.5m75.1m

Depreciation and Amortization

154.0k933.8k

Inventories

(266.4k)41.7k

Accounts Payable

(379.6k)(237.0k)9.4m191.0k24.8m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

2.0m(5.6m)(1.4m)2.5m28.4m29.6m417.2k7.1m415.3k(3.4m)(4.5m)(313.8k)9.6m20.7m33.1m18.5m34.4m52.0m30.5m41.7m54.1m(51.5m)(16.9m)

Depreciation and Amortization

227.4k458.0k655.0k232.4k469.3k710.1k

Accounts Payable

(11.7m)(11.4m)(10.2m)(10.0m)(1.4m)5.5m(6.6m)135.0k9.4m(4.0m)70.3m

Cash From Operating Activities

129.0k3.5m5.2m1.7m(1.8m)2.4m(30.1m)(11.4m)(15.4m)572.5k(85.2k)(23.6m)24.2m227.8m248.2m48.2m58.2m135.2m1.1m(58.0m)(64.9m)(100.0m)48.0m
USDQ1, 2013

Financial Leverage

2.6 x
Show all financial metrics

Ready Capital Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Ready Capital Online and Social Media Presence

Embed Graph

Ready Capital News and Updates

Ready Capital Corporation Provides Company Update

NEW YORK, March 30, 2020 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), today announced a company update related to the continued market volatility due to the novel COVID-19 pandemic and issued an open letter to its shareholders. The text follows:...

Ready Capital Corporation Announces Fourth Quarter 2019 Results

NEW YORK, March 11, 2020 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small to medium balance commercial loans, today reported financial results for...

Ready Capital Corporation Completes Acquisition of Irish Portfolio of Small Balance Commercial Loans

NEW YORK, Jan. 2, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that in December 2019 the Company closed on the acquisition of a portfolio of approximately €45 million of small balance commercial loans in Ireland. As part of...

Ready Capital Corporation Announces Pricing of its Public Offering of Common Stock

NEW YORK, Dec. 4, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that the Company has priced an underwritten public offering of 6,000,000 shares of common stock for total estimated gross proceeds of approximately $93.48 million....

Ready Capital Corporation Announces Public Offering of Additional 6.20% Senior Notes due 2026

NEW YORK, Nov. 21, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it is commencing an underwritten public offering of additional 6.20% senior notes due 2026 (the "new notes"). The new notes will have the same terms (except...

Ready Capital National Bridge Team Closes Over $270 Million in Eight States

NEW YORK, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $270 million in eight states.
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Ready Capital Blogs

Ready Capital Frequently Asked Questions

  • When was Ready Capital founded?

    Ready Capital was founded in 2007.

  • Who are Ready Capital key executives?

    Ready Capital's key executives are Thomas Edward Capasse, Andrew Ahlborn and Jack Jay Ross.

  • What is Ready Capital revenue?

    Latest Ready Capital annual revenue is $174.6 m.

  • Who are Ready Capital competitors?

    Competitors of Ready Capital include MMA Capital Management, Annaly Capital Management and WaFd Bank.

  • Where is Ready Capital headquarters?

    Ready Capital headquarters is located at 1140 6th Ave 7th Floor, New York.

  • Where are Ready Capital offices?

    Ready Capital has offices in New York, Berkeley Heights and Irving.

  • How many offices does Ready Capital have?

    Ready Capital has 4 offices.