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Ready Capital RC LMM Commercial Real Estate — Loan Portfolio Expense

Other segment segments

Small Business Lending
$1.34M+5,240%

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Other financials

Income statement

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Revenue$77.4M-49.3%
Net income-$99.7M-85.7%
EPS (diluted)-$0.63-85.3%

Balance sheet

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Cash & equivalents$177.8M-20.1%
Total debt$1.3B-36.4%
Total equity$1.2B-32.2%
Total assets$6.3B-32.7%

Cash flow

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Operating cash flow$75.1M

Valuation

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Market cap$279.34M-61.2%
Enterprise value$1.4B-44.9%
P/S0.7×-0.3×

Profitability

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Net margin-130.6%-232pp

Returns & leverage

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Return on equity-35.8%-106pp
Debt / equity-0.1×

Where this comes from

Reported directly by Ready Capital in its filing.

Tagged under the XBRL concept us-gaap:LoanPortfolioExpense.

The source filing: Ready Capital’s 10-Q, filed August 7, 2026.

Filed
Aug 7, 2026, 4:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054850
(in thousands)LMM Commercial Real EstateSmall Business LendingTotal
Employee compensation and benefits(6,217)(14,065)(20,282)
Allocated employee compensation and benefits from related party(338)(338)
Professional fees(927)(3,709)(4,636)
Loan servicing expense(2,104)(1,335)(3,439)
Impairment on real estate(952)(952)
Other operating expenses(22,208)(9,061)(31,269)
Total non-interest expense$(32,746)$(28,170)$(60,916)
Loss before unallocated expenses and provision for income taxes$(77,020)$(20,094)$(97,114)

Item 1. Financial Statements (Unaudited)

FAQ

What is Ready Capital's LMM commercial real estate — loan portfolio expense?
Ready Capital (RC) reported LMM commercial real estate — loan portfolio expense of $2.1M in Q2 2026.
How has Ready Capital's LMM commercial real estate — loan portfolio expense changed year-over-year?
Ready Capital's LMM commercial real estate — loan portfolio expense decreased by 80.9% year-over-year, from $11.01M to $2.1M.
What is the long-term trend for Ready Capital's LMM commercial real estate — loan portfolio expense?
Over 4 years (2021 to 2025), Ready Capital's LMM commercial real estate — loan portfolio expense has grown at a 17.7% compound annual growth rate (CAGR), from $19.68M to $37.72M.
What does LMM commercial real estate — loan portfolio expense mean?
This metric tracks the direct costs associated with maintaining and servicing the commercial real estate loan portfolio. It includes expenses related to loan administration, processing, and portfolio management activities.

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