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Stock impact report

Ready Capital Q4 Earnings Call Highlights [Yahoo! Finance]

Ready Capital Corproation (RC) 
Last ready capital corproation earnings: 3/11 04:39 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Ready Capital (NYSE:RC) executives said the company made “significant progress” in the fourth quarter advancing a comprehensive balance sheet repositioning strategy first outlined in the third quarter, with management emphasizing liquidity generation, disposition of underperforming commercial real estate (CRE) assets, and steps aimed at positioning the platform for sustainable future growth. Repositioning strategy centers on liquidity and shrinking legacy CRE book CEO Thomas Capasse said the company's plan is organized around three priorities: (1) strengthening liquidity to generate free cash flow in excess of 2026 debt maturities, (2) selling underperforming CRE assets to eliminate negative earnings drag, and (3) positioning the company for sustainable growth. He described a two-phase approach, with an initial focus on aggressive asset management followed by a streamlining of the CRE origination business into a lower-cost structure with greater reliance on the external manager, Show less Read more
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