READY CAPITAL DL.-,0001

Ready Capital said it has executed the first phase of a two‑phase balance‑sheet repositioning targeting more than $850 million of free cash and a roughly 60% reduction of its legacy CRE portfolio to about $2 billion, with $380 million generated in Q4 and an additional ~$500 million targeted by year‑end via runoff and ~$1.5 billion of loan sales. The company reported a GAAP loss of $1.46 per share and a distributable loss of $0.43, with book value falling to $8.79 from $10.28 after a $173 million increase in valuation allowances and CECL reserves; loans on nonaccrual rose to 27%. Management announced leadership changes, a plan to cut operating costs by 25%, and a shift to increase capital allocation to capital‑light small business lending to 20% from 10%, while noting near‑term debt maturities of $517 million and potential refinancing options. » More on finance.yahoo.com

Ready Capital recorded a GAAP loss of $1.46 per share in Q4 2025 and a distributable loss of $0.43 per share on revenue of $41.5 million. The figures were well below expectations; book value per share fell to $8.79 and the stock dropped in premarket trading. Management is pursuing a strategic realignment toward SBA loans and partnerships with external managers, aiming to generate more than $850 million in free cash flow by mid/end-2026 and to cut costs. » More on de.investing.com

Ready Capital reports several leadership changes: Adam Zausmer has resigned as chief credit officer, Gary Taylor has stepped down as chief operating officer and is expected to continue COO functions at a subsidiary. Dominick Scali was named chief credit officer and co‑president of ReadyCap Commercial, David Cohen was promoted to co‑president, and Matt Cohen to head of operations and chief technology officer. Management says the appointments are intended to stabilize the CRE business; the stock is trading near its 52‑week low and the company shows a price‑to‑book (P/B) ratio of 0.16 and a dividend yield of 2.41%. » More on de.investing.com