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Non-Tech : Income Investing

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From: brehm233	3/3/2025 6:51:33 PM
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RC and pfds not doing well, another dog we forgot to sell... no date on this--- Ready Capital (NYSE: RC) reported challenging Q4 2024 results with a GAAP loss per share of $(1.80) and distributable loss per share of $(0.03). The company declared a reduced quarterly dividend of $0.125 per share for Q1 2025. Key Q4 highlights include $436 million in LMM commercial real estate originations and $348 million in Small Business Lending originations. Book value stood at $10.61 per share. The company repurchased 5.8 million shares at an average price of $7.35. For full-year 2024, Ready Capital posted a GAAP loss of $(2.52) per share and achieved total LMM and SBL originations of $2.4 billion. The company has taken strategic actions including fully reserving non-performing CRE loans and adjusting dividends to preserve capital for reinvestment and share repurchases. any thoughts? tia

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