Ready Capital: The Series E Preferreds Are Cheap But Risky [Seeking Alpha]
Ready Capital Corporation (RC)
Last ready capital corporation earnings: 3/11 04:39 pm
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Source: Seeking Alpha
RC's common shares have suffered severe losses and dividend cuts, making them unattractive for income investors despite a steep 79% discount to book value. RC maintains sufficient liquidity, with $207.8 million in cash and $8 million in annual preferred coupon obligations, supporting continued preferred payments. Elijah-Lovkoff/iStock via Getty Images Ready Capital's ( RC ) preferreds are cheap, with the 6.50% Series E Perpetual Preferreds ( RC.PR.E ) down 26% over the last 1 year to trade at a deep discount to their redemption value. The dip has This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of RC.PR.E either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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News
- Ready Capital Corporation Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Ready Capital Corporation Provides Business UpdateGlobeNewswire
- Waterfall Asset Management Originates $19.5 Million Loan to Support Acquisition of Greenwich Village Retail Property [Yahoo! Finance]Yahoo! Finance
- Waterfall Asset Management Originates $19.5 Million Loan to Support Acquisition of Greenwich Village Retail PropertyPR Newswire
- Waterfall Asset Management Provides $127 Million Refinancing for Chesterbrook Office Campus [Yahoo! Finance]Yahoo! Finance
RC
Earnings
- 2/26/26 - Miss
RC
Sec Filings
- 3/17/26 - Form 4
- 3/17/26 - Form 3
- 3/17/26 - Form 4
- RC's page on the SEC website