Ready Capital Corp Pref C (RC_pc)

Ready Capital Corp Pref C is a preferred security of Ready Capital Corporation, a New York-based real estate finance company organized as a real estate investment trust (REIT) and listed on the NYSE. The underlying issuer focuses on lower-to-middle-market commercial real estate lending and small business lending, with operations split between LMM Commercial Real Estate and Small Business Lending. Through these businesses, Ready Capital originates, acquires, finances, and services commercial real estate loans, SBA-guaranteed loans under Section 7(a), USDA loans, residential mortgage loans, construction loans, and mortgage-backed securities tied primarily to LMM loans or other real estate-related assets. Founded in 2007, the company was previously known as Sutherland Asset Management Corporation and adopted its current name in September 2018. As a REIT, Ready Capital has elected a tax structure that depends on meeting applicable distribution requirements.

Jump between the core stock analysis sections, valuation data, fair value models, technical outlook, and FAQ.