Ready Capital (RC) Rent Expense (2016 - 2019)
Ready Capital (RC) recorded Rent Expense of $968,000 in Q3 2019, up 34.4% from $720,000 a year earlier but down 12.2% from the prior quarter.
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Analysis
Ready Capital (RC) Rent Expense (2016 - 2019) Analysis & Trends
On a TTM basis, Ready Capital's Rent Expense came in at $1.48 million as of Sep 30, 2019, down 39.4% year-over-year; for FY2018, it was $522,000, down 77.4% from FY2017.
- Annual Rent Expense has a four-year compound annual growth rate of 10.2% (FY2014 to FY2018).
- Across earlier years, Rent Expense came in at $2.31 million in FY2017 (+59.7%), $1.45 million in FY2016 (+45.5%), $996,000 in FY2015 (+181.4%) and $354,000 in FY2014.
- Quarterly Rent Expense has ranged from -$1.28 million in Q4 2018 to $1.1 million in Q2 2019 over the past five years.
- On a year-over-year basis, Rent Expense has increased for three consecutive quarters, with growth averaging 29.9% over the last seven quarters.
- Peak year-over-year performance for Rent Expense in the last five years was growth of 103.2% in Q2 2017, against a decline of 6.6% in Q1 2018 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.1 million (Q2 2019), $691,000 (Q1 2019) and -$1.28 million (Q4 2018).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Rocket Companies | 43.90 Bn | 29.58 Bn | - | - |
| 2 | Orix | 42.96 Bn | 43.46 Bn | - | - |
| 3 | Royalty Pharma | 33.48 Bn | 33.39 Bn | - | - |
| 4 | Federal National Mortgage Association Fannie Mae | 23.94 Bn | 23.94 Bn | - | - |
| 5 | Affirm Holdings | 23.37 Bn | 17.06 Bn | - | - |
| 6 | Synchrony Financial | 23.31 Bn | -44.66 Bn | - | - |
| 7 | Royal Gold | 20.23 Bn | 19.45 Bn | 390.45 Mn | - |
| 8 | Annaly Capital Management | 15.24 Bn | 6.34 Bn | - | - |
| 9 | Ares Capital | 13.90 Bn | 11.34 Bn | - | - |
| 10 | Ready Capital | 206.51 Mn | -473.41 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2019 | 968,000.00 |
| Jun 30, 2019 | 1.10 Mn |
| Mar 31, 2019 | 691,000.00 |
| Dec 31, 2018 | -1.28 Mn |
| Sep 30, 2018 | 720,000.00 |
| Jun 30, 2018 | 563,000.00 |
| Mar 31, 2018 | 522,000.00 |
| Dec 31, 2017 | 638,000.00 |
| Sep 30, 2017 | 554,000.00 |
| Jun 30, 2017 | 563,000.00 |
| Mar 31, 2017 | 559,000.00 |
| Dec 31, 2016 | 518,000.00 |
| Sep 30, 2016 | 317,000.00 |
| Jun 30, 2016 | 277,000.00 |
| Mar 31, 2016 | 338,000.00 |
API Access
Ready Capital Rent Expense API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=rent-expense&ticker=RC&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "rent-expense", "ticker": "RC", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=rent-expense&ticker=RC&period=max&api_key=YOUR_API_KEY");
const data = await res.json();