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Ready Capital RC Impairment Of Real Estate
Impairment Of Real Estate at other companies
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Where this comes from
Reported directly by Ready Capital in its filing.
Tagged under the XBRL concept us-gaap:ImpairmentOfRealEstate.
The source filing: Ready Capital’s 10-Q, filed May 8, 2026.
- Filed
- May 8, 2026, 4:58 PM EDT
- Fiscal quarter
- Q1 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0001628280-26-032982
| (in thousands, except share data) | Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 |
|---|---|---|
| Management fees – related party | (4,076) | (5,577) |
| Loan servicing expense | (15,674) | (15,844) |
| Transaction related expenses | (335) | (2,694) |
| Impairment on real estate | 469 | (2,346) |
| Other operating expenses | (29,014) | (16,123) |
| Total non-interest expense | $(82,733) | $(72,602) |
| Income (loss) from continuing operations before benefit for income taxes | (216,761) | 77,203 |
| Income tax benefit | 16,674 | 5,207 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is Ready Capital's impairment of real estate?
- Ready Capital (RC) reported impairment of real estate of -$469K in Q1 2026.
- How has Ready Capital's impairment of real estate changed year-over-year?
- Ready Capital's impairment of real estate decreased by 120.0% year-over-year, from $2.35M to -$469K.
- What is the long-term trend for Ready Capital's impairment of real estate?
- Over 3 years (2022 to 2025), Ready Capital's impairment of real estate has grown at a 80.0% compound annual growth rate (CAGR), from $4.03M to $23.5M.
- What does impairment of real estate mean?
- This represents a non-cash reduction in the carrying value of real estate assets when their fair value falls below their book value. It indicates that the company has determined that the assets are unlikely to recover their original cost. This metric highlights potential distress or overvaluation within the real estate portfolio.
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