Ready Capital (RC) Rent Expense (2016 - 2019)
Ready Capital (RC) posted quarterly Rent Expense of $968000.0 for Q3 2019, up 34.44% year-over-year from $720000.0 in Q3 2018, and down 12.24% quarter-over-quarter from $1.1 million in Q2 2019.
Ready Capital (RC) Rent Expense (2016 - 2019) Analysis & Trends
Ready Capital's Rent Expense history runs 4 years deep, the most recent figure standing at $968000.0 for Q3 2019.
- In Q3 2019, Rent Expense rose 34.44% year-over-year to $968000.0; the TTM figure through Sep 2019 stood at $1.5 million (down 39.42% YoY), while the FY2018 annual figure was $522000.0, down 77.44% from the prior year.
- Rent Expense for Q3 2019 stood at $968000.0, down from $1.1 million in the prior quarter.
- The five-year high for Rent Expense was $1.1 million in Q2 2019, with the low at -$1.3 million in Q4 2018.
- The 4-year median for Rent Expense is $559000.0 (2017), against an average of $469933.3.
- The sharpest annual moves came in 2017 and 2018: Rent Expense jumped 103.25% in 2017, then tumbled 300.94% in 2018.
- Ready Capital's Rent Expense stood at $518000.0 in 2016, then rose by 23.17% to $638000.0 in 2017, then tumbled by 300.94% to -$1.3 million in 2018, then jumped by 175.51% to $968000.0 in 2019.
- Business Quant data shows RC's Rent Expense at $968000.0 in Q3 2019, $1.1 million in Q2 2019, and $691000.0 in Q1 2019.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 17.29 Bn | 14.38 Bn | - | - |
| 2 | AGNC Investment | 12.65 Bn | 11.32 Bn | - | - |
| 3 | Starwood Property Trust | 5.95 Bn | 3.79 Bn | - | - |
| 4 | Rithm Capital | 5.71 Bn | 5.71 Bn | - | - |
| 5 | Dynex Capital | 2.93 Bn | 2.32 Bn | - | - |
| 6 | Blackstone Mortgage Trust | 2.40 Bn | 1.97 Bn | - | - |
| 7 | Armour Residential REIT | 2.12 Bn | 2.03 Bn | - | - |
| 8 | Ellington Financial | 1.73 Bn | 1.49 Bn | - | - |
| 9 | Orchid Island Capital | 1.34 Bn | 654.61 Mn | 61.82 Mn | - |
| 10 | Ready Capital | 281.50 Mn | 281.50 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2019 | 968,000.00 |
| Sep 30, 2019 | 968,000.00 |
| Jun 30, 2019 | 1.10 Mn |
| Jun 30, 2019 | 1.10 Mn |
| Mar 31, 2019 | 691,000.00 |
| Mar 31, 2019 | 691,000.00 |
| Dec 31, 2018 | -1.28 Mn |
| Dec 31, 2018 | -1.28 Mn |
| Sep 30, 2018 | 720,000.00 |
| Sep 30, 2018 | 720,000.00 |
| Jun 30, 2018 | 563,000.00 |
| Jun 30, 2018 | 563,000.00 |
| Mar 31, 2018 | 522,000.00 |
| Mar 31, 2018 | 522,000.00 |
| Dec 31, 2017 | 638,000.00 |
| Dec 31, 2017 | 638,000.00 |
| Sep 30, 2017 | 554,000.00 |
| Sep 30, 2017 | 554,000.00 |
| Jun 30, 2017 | 563,000.00 |
| Jun 30, 2017 | 563,000.00 |