Scott Kennedy’s mREIT + BDC Earnings Series: Assessing Ready Capital’s And SLR Investment’s Performance For Q2 2024
Summary
This earnings assessment article reviews RC’s and SLRC’s BV/NAV and core earnings/EAD/NII performance during Q2 2024 and compares results to expectations. Earnings remain a driver to stock performance.
RC’s BV largely matched my/our expectations (minor-modest decrease) while its adjusted core earnings/EAD was disappointing. RC’s net interest incom…