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

Latest Updates

Job Openings5
Revenue (FY, 2016)$99.7 M(+16%)
Share Price (Oct 2019)$15.8

Key People/Management at Ready Capital

Thomas Edward Capasse

Thomas Edward Capasse

Chairman of the Board of Directors and Chief Executive 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
David Holman

David Holman

Director
Show more

Ready Capital Office Locations

Ready Capital has offices in New York, Irving and New Providence
New York, US (HQ)
1140 6th Ave 7th Floor
Irving, US
1320 Greenway Dr #560
New Providence, US
420 Mountain Ave 3rd Floor
Show all (3)

Ready Capital Financials and Metrics

Ready Capital Revenue

Ready Capital's revenue was reported to be $99.73 m in FY, 2016 which is a 15.1% increase from the previous period.
USD

Net income (Q2, 2019)

11.2m

EBIT (Q2, 2019)

19.9m

Market capitalization (16-Oct-2019)

703.5m

Closing stock price (16-Oct-2019)

15.8

Cash (30-Jun-2019)

41.9m
Ready Capital's current market capitalization is $703.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

86.7m99.7m

Revenue growth, %

15%

Cost of goods sold

7.1m17.3m18.8m57.8m

Gross profit

67.8m42.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Revenue

19.1m27.0m18.6m14.4m16.6m19.9m8.4m24.1m

Cost of goods sold

2.3m3.9m4.4m4.5m4.7m4.7m4.7m4.1m16.4m17.2m

Gross profit

14.3m22.3m13.9m12.5m(8.0m)6.9m

Gross profit Margin, %

75%82%75%75%(96%)29%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

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

Accounts Receivable

867.0k

Inventories

1.0m

Goodwill

16.5m14.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Cash

21.5m30.1m27.6m25.8m38.0m28.6m29.4m66.6m188.5m185.0m40.0m63.9m70.6m86.8m105.8m47.8m47.6m41.9m

Goodwill

16.1m14.2m14.2m14.2m14.2m14.2m

Total Assets

559.5m698.2m713.2m721.6m813.4m782.6m779.1m802.7m565.4m588.6m2.5b2.4b2.5b2.6b2.8b2.9b3.3b3.8b

Dividends Payable

12.2m12.3m12.3m12.3m13.3m13.3m13.4m18.3m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(5.1m)29.9m(1.4m)53.4m45.8m

Depreciation and Amortization

154.0k933.8k

Inventories

(266.4k)41.7k

Accounts Payable

(379.6k)(237.0k)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019

Net Income

2.5m25.9m1.3m417.2k7.1m415.3k9.6m20.7m33.1m18.5m34.4m52.0m30.5m41.7m

Depreciation and Amortization

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

Accounts Payable

19.5m18.7m21.0m

Cash From Operating Activities

5.2m1.7m2.4m(30.1m)(11.4m)(15.4m)572.5k(23.6m)24.2m227.8m248.2m48.2m58.2m135.2m1.1m(58.0m)
USDY, 2019

Financial Leverage

5.1 x
Show all financial metrics

Ready Capital Online and Social Media Presence

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Ready Capital News and Updates

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.

Ready Capital Corporation Announces Second Quarter 2019 Earnings Release and Conference Call

NEW YORK, Aug. 1, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its second quarter 2019 financial results after the New York Stock Exchange closes Wednesday, August 7, 2019. Webcast and Earnings Conference Call...

Ready Capital Corporation Announces Closing of Public Sale of Senior Notes and Full Exercise of Over-allotment Option

NEW YORK, July 22, 2019 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that it closed an underwritten public offering of $57.5 million aggregate principal amount of 6.20% Senior Notes due 2026 (the "Notes"), including $7.5 million...

Sutherland Asset Management Corporation Declares $0.40 Per Share Dividend

NEW YORK, Sept. 11, 2018 /PRNewswire/ -- Sutherland Asset Management Corporation (NYSE: SLD) announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2018. This dividend...

Sutherland Asset Management Corporation Announces Second Quarter 2018 Earnings Release And Conference Call

NEW YORK, July 31, 2018 /PRNewswire/ -- Sutherland Asset Management Corporation (NYSE: SLD) (the "Company") today announced that the Company will release its second quarter 2018 financial results after the New York Stock Exchange closes Tuesday, August 7, 2018. Webcast and Earnings...

Ready Capital Blogs

Ready Capital National Bridge Team Closes Over $100 Million in Four States

NEW YORK, May 28, 2019 (GLOBE NEWSWIRE) — Ready Capital National Bridge Originations Team announces the closing of acquisition, mixed-use acquisition, renovation, refinance, redevelopment, stabilization and lease-up loans for approximately $110 Million in five states. The Houston, TX loans for the a…

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, Jack Jay Ross and Thomas Buttacavoli.

  • Who are Ready Capital competitors?

    Competitors of Ready Capital include Washington Federal, Penns Woods Bancorp and Ares Commercial Real Estate.

  • 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, Irving and New Providence.

  • How many offices does Ready Capital have?

    Ready Capital has 3 offices.