Discontinued — last reported Q4 '25
Supplemental
Conversion of OP units to common stock
Year-over-year, this metric grew by 492.8%, from $180.00K to $1.07M. Over 2 years (FY 2021 to FY 2025), Conversion of OP units to common stock shows a downward trend with a -58.6% CAGR.
Analysis
StatementCash Flow Statement
SectionSupplemental
CategoryCapital Allocation
SignalContext dependent
VolatilityStable
First reportedQ1 2021
Last reportedQ4 2025Mar 2, 2026
How to read this metric
An increase signals that previous acquisition partners are opting for direct equity ownership, which may impact future dividend obligations and share dilution.
Detailed definition
This metric tracks the non-cash conversion of Operating Partnership (OP) units into common stock of the parent company....
Peer comparison
Standard for UPREIT structures and real estate finance companies that utilize OP units as a currency for strategic acquisitions.
Metric ID:
supplemental_stock_issued_conversion_of_op_unitsHistorical Data
14 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q4 '22 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $3.30M | $3.30M | $3.30M | -$1.50M | $1.25M | $1.02M | $612.00K | $371.00K | $2.65M | $180.00K | $0.00 | $1.20M | $0.00 | $1.07M |
| QoQ Change | — | +0.0% | +0.0% | -145.4% | +183.6% | -18.6% | -40.1% | -39.4% | +614.0% | -93.2% | -100.0% | — | -100.0% | — |
| YoY Change | — | — | — | -145.4% | — | +168.1% | — | — | +111.2% | -82.4% | -100.0% | +222.6% | -100.0% | +492.8% |
Range-$1.50M – $3.30M
CAGR-29.4%
Avg YoY Growth+70.9%
Median YoY Growth+14.4%
Conversion of OP units to common stock at Other Companies
Frequently Asked Questions
- What is Ready Capital's conversion of op units to common stock?
- Ready Capital (RC) reported conversion of op units to common stock of $1.07M in Q4 2025.
- How has Ready Capital's conversion of op units to common stock changed year-over-year?
- Ready Capital's conversion of op units to common stock increased by 492.8% year-over-year, from $180.00K to $1.07M.
- What is the long-term trend for Ready Capital's conversion of op units to common stock?
- Over 2 years (2021 to 2025), Ready Capital's conversion of op units to common stock has grown at a -58.6% compound annual growth rate (CAGR), from $13.21M to $2.26M.
- What does conversion of op units to common stock mean?
- The value or volume of equity created when partnership units are converted into common shares of the company.