Ready Capital Investor Presentation Deck
Financial Snapshot
Investment Type
SBC Lending and Acquisitions
Small Business Lending
Total
Average Carrying Value(¹)
6,304,317
304,962
6,609,279
$
$
$
Book Equity Value Metrics
Common Stockholders' equity
Common Stockholders' equity (adjusted) (5)
Total Common Shares outstanding
Net Book Value per Common Share
Adjusted Net Book Value per Common Share
Q4 2021 Earnings Data Metrics
Net income | Distributable earnings
Earnings per share - Basic and diluted
Distributable Earnings per share - Basic and
diluted
Return on Equity per Common Share
Distributable Return on Equity per Common
Share
Dividend Yield (6)
$
$
$
$
Gross Yield (2) Average Debt Balance Debt Cost (3)
5.4% $
22.6% $
6.2% $
1,164,726
1,164,084
75,838,050
15.36
15.35
$53,588 | $52,535
$0.69 $0.68
$0.67
18.1%
17.8%
10.7%
5. Excludes the equity component of our 2017 convertible note issuance.
6. Q4 Dividend yield for the period is based on the 12/31/2021 closing share price of $15.63
4,694,787
181,848
4,876,635
Loan Portfolio Metrics (4)
% Fixed vs Floating Rate
% Originated vs Acquired
Weighted Average LTV - SBC
Weighted Average LTV - SBA
3.0%
4.2%
3.0%
Servicing Portfolio Metrics
$
SBA servicing rights - UPB
SBA servicing rights- carrying value
Freddie Mac servicing rights - UPB
Freddie Mac servicing rights - carrying value
Residential servicing rights - UPB
Residential servicing rights - carrying value
READY CAPITAL.
Levered Yield
12.6%
49.7%
18.0%
26% / 74%
84% / 16%
66%
88%
856,188
22,157
4,232,969
62,300
10,995,685
120,142
1. Average carrying value includes average quarterly carrying value of loan and servicing asset balances
2. Gross yields include interest income, accretion of discount, MSR creation, income from our unconsolidated joint venture, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held
for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis.
3. The Company finances the assets included in the Investment Type through securitizations, repurchase agreements, warehouse facilities and bank credit facilities. Interest expense is calculated based on
interest expense and deferred financing amortization for the quarter ended 12/31/2021 on an annualized basis.
4. Excludes loans, held for sale, at fair value
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