Ready Capital Corporation reported a GAAP loss per common share from continuing operations of $0.13 for the third quarter of 2025. Distributable loss per common share was $0.94, and distributable loss per common share before realized losses was $0.04. The company's book value per common share was $10.3 as of September 30, 2025. During the quarter, Ready Capital originated $139.0 million in lower-to-middle-market commercial real estate loans and $283.0 million in small business loans, including $173.0 million in Small Business Administration 7(a) loans and $67.0 million in United States Department of Agriculture loans. The company completed two portfolio sales totaling 217 loans with an unpaid principal balance of $758.0 million, generating net proceeds of $109.0 million. Ready Capital also acquired approximately 2.5 million shares of its common stock and secured ownership of a mixed-use asset in Portland, Oregon through a deed-in-lieu arrangement.