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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Assets    
Cash and cash equivalents $ 226,286  
Restricted cash 29,971  
Loans, net (including $0 and $9,348 held at fair value) 3,444,879 $ 4,020,160
Loans, held for sale (including $89,380 and $81,599 held at fair value and net of valuation allowance of $217,719 and $0) 532,511 81,599
Mortgage-backed securities 30,174 27,436
Investment in unconsolidated joint ventures (including $6,974 and $7,360 held at fair value) 134,602 133,321
Derivative instruments 14,382 2,404
Servicing rights 119,768 102,837
Real estate owned, held for sale 187,883 252,949
Other assets 379,413 300,175
Assets held for sale (refer to Note 9) 423,894 454,596
Total Assets 11,774,333 12,441,217
Liabilities    
Secured borrowings 2,311,969 2,102,075
Senior secured notes, net 417,040 345,127
Corporate debt, net 767,271 764,908
Guaranteed loan financing 782,345 844,540
Contingent consideration 3,926 7,628
Derivative instruments 2,638 212
Dividends payable 53,119 54,289
Loan participations sold 89,532 62,944
Accounts payable and other accrued liabilities 204,766 207,481
Liabilities held for sale (refer to Note 9) 332,265 333,157
Total Liabilities 9,374,107 9,794,455
Preferred stock Series C liquidation preference, $25.00 per share (refer to Note 20) 8,361 8,361
Commitments and contingencies (refer to Note 24)
Stockholders' Equity    
Preferred stock Series E, liquidation preference $25.00 per share (refer to Note 20) 111,378 111,378
Common stock, $0.0001 par value, 500,000,000 shares authorized, 168,167,272 and 172,276,105 shares issued and outstanding, respectively 17 17
Additional paid-in capital 2,287,684 2,321,989
Retained earnings (deficit) (92,319) 124,413
Accumulated other comprehensive loss (13,880) (17,860)
Total Ready Capital Corporation equity 2,292,880 2,539,937
Non-controlling interests 98,985 98,464
Total Stockholders' Equity 2,391,865 2,638,401
Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity 11,774,333 12,441,217
Consolidated Excluding VIEs    
Assets    
Cash and cash equivalents 226,286 138,532
Restricted cash 29,971 30,063
Loans, net (including $0 and $9,348 held at fair value) 3,444,879 4,020,160
Loans, held for sale (including $89,380 and $81,599 held at fair value and net of valuation allowance of $217,719 and $0) 532,511 81,599
Other assets 379,413 300,175
Liabilities    
Secured borrowings 2,311,969 2,102,075
Due to third parties 1,995 3,641
Accounts payable and other accrued liabilities 204,766 207,481
Consolidated VIEs    
Assets    
Assets of consolidated VIEs (net of valuation allowance of $9,448 and $0) 6,250,570 6,897,145
Liabilities    
Secured borrowings $ 4,407,241 $ 5,068,453