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Ready Capital's preferred shares plunge amid high non-performing loans and dividend risks

Market News
15 Sep 2026
Seeking Alpha
View Source
Bearish
Ready Capital's preferred shares plunge amid high non-performing loans and dividend risks

Ready Capital, a commercial real estate REIT, faces severe financial distress with 37% of its loans non-performing. Its preferred shares trade at just 50 cents on the dollar, reflecting high risk of losses and potential suspension of dividends. Negative net interest income and a risky loan portfolio suggest ongoing value decline. Investors should avoid the preferred shares due to significant downside, though speculative investors might consider its 9% Senior Notes.

Ready Capital Series E Preferred Shares face severe financial distress. For readers following the Real Estate sector, here is Pluang's market snapshot as of Sep 15, 2026 15:51 WIB: of 22 priced US Real Estate stocks, 5 rose and 16 fell. Notable prices include ONL at USD 2.51 with a -0.40% change, EQIX at USD 995.32 with a -0.34% change, and LTC at USD 42.50 with a -0.33% change.

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