RCA News and Press, Ready Capital Corporation 7.00% Convertible Senior Notes due 2023 From 11/04/21

The following slide deck was published by Ready Capital Corporation in conjunction with their 2021 Q3 earnings call. For further details see: Ready Capital Corporation 2021 Q3 - Results - Earnings Call Presentation

We're at the halfway point of another newsworthy real estate earnings season with roughly 75 REITs reporting third quarter results. We discuss the highlights and major developments thus far. Consistent with the trends seen across the broader equity market, REIT earnings have generally...

Like most publicly traded companies, the Q3 earnings results are underway. While mortgage REITs carry high dividend yields, investors need to look much deeper for analysis. ORC’s results were in line with expectations on book value. Earnings dipped a little and came in belo...

Real estate earnings season kicks off this week. We'll see results from more than 175 equity REITs, 40 mortgage REITs, and dozens of housing industry companies over the next month. REITs enter third-quarter earnings season as the second-best-performing asset class this year with total...

DX, PMT, and NRZ were highlighted in our latest portfolio update. These mortgage REITs are more attractive than most, but recent rallies prevent bullish ratings. DX had a more favorable price-to-book ratio than NLY or ARR. The long-term metrics provide additional support for that idea...

U.S. equity markets bounced back following the worst week since February as relief over a last-minute compromise to raise the debt ceiling offset disappointment over another weaker-than-expected employment report. After flirting with "correction territory" earlier in the week, the S&a...

Mortgage REIT preferred shares offer investors a combination of high yields and lower volatility. They can fit nicely into most portfolios and there are at least a handful trading around attractive valuations. Investors may want to look at CIM-A, DX-C, and NRZ-D. We have some ...

NRZ-D offers investors a very reasonable yield today with a solid floating spread after the rate resets in late 2026. We see NRZ-D being a more appealing share than the other preferred shares from NRZ, but the difference is pretty small. CIM-A is our other largest position. We exp...

SDIV strategy and portfolio. Past performance. Portfolio quality. For further details see: SDIV: China Is One Of The Red Flags

U.S. equity markets staged a late-week rally to end a turbulent week with gains as concerns over instability in Chinese markets were offset by signs of resilient strength across US housing markets. Snapping a skid in which the benchmark average declined in 10-of-12 trading s...