Discontinued — last reported Q1 '23
Operating Expenses
Incentive Fee Expense
Ready Capital Incentive Fee Expense decreased by 20.2% to $1.72M in Q1 2023 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityVolatile
First reportedQ1 2015
Last reportedQ1 2023May 9, 2023
How to read this metric
Higher values are generally expected when performance fees are high, indicating a successful alignment of incentives.
Detailed definition
Reflects the variable compensation expenses paid to employees or third parties tied to the performance of specific funds...
Peer comparison
Standard for asset managers; peers report this as 'incentive compensation' or 'performance-related compensation'.
Metric ID:
operating_expenses_incentive_fee_expenseHistorical Data
6 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|
| Value | $286.00K | $2.78M | $2.36M | $949.00K | $2.16M | $1.72M |
| QoQ Change | — | +870.3% | -15.0% | -59.8% | +127.2% | -20.2% |
| YoY Change | — | — | — | -65.8% | -8.6% | — |
Range$286.00K – $2.78M
CAGR+320.1%
Avg YoY Growth-37.2%
Median YoY Growth-37.2%
Incentive Fee Expense at Other Companies
Frequently Asked Questions
- What is Ready Capital's incentive fee expense?
- Ready Capital (RC) reported incentive fee expense of $1.72M in Q1 2023.
- What does incentive fee expense mean?
- Variable compensation costs linked to investment performance.