{
"document": "1fca22a30fa3f097",
"scans": [
{
"page": 1,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzfqp0csbj6h1r6wq4yxww",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.6,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p1.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 1,
"kind": "logo",
"text": "[○]\nREADY\nCAPITAL®\n",
"box": {
"left": 0.08087,
"top": 0.40466,
"right": 0.39969,
"bottom": 0.54852
},
"chunk_id": "logo-0"
},
{
"page": 1,
"kind": "text",
"text": "SUPPLEMENTAL FINANCIAL DATA\nQ1 2026\n",
"box": {
"left": 0.2028,
"top": 0.5919,
"right": 0.62543,
"bottom": 0.67124
},
"chunk_id": "text-0"
},
{
"page": 1,
"kind": "logo",
"text": "RC\nLISTED\nNYSE\n",
"box": {
"left": 0.08724,
"top": 0.82848,
"right": 0.1526,
"bottom": 0.94724
},
"chunk_id": "logo-1"
}
]
},
{
"page": 2,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzfqndtwtnev2sj73n32ap",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p2.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 2,
"kind": "text",
"text": "Disclaimer\n",
"box": {
"left": 0.04134,
"top": 0.07056,
"right": 0.19638,
"bottom": 0.12043
},
"chunk_id": "text-0"
},
{
"page": 2,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN]\nREADY CAPITAL®\n",
"box": {
"left": 0.74695,
"top": 0.04535,
"right": 0.96601,
"bottom": 0.11503
},
"chunk_id": "logo-0"
},
{
"page": 2,
"kind": "text",
"text": "This presentation contains statements that constitute \"forward-looking statements,\" as such term is defined in Section 27A of the Securities Act of 1933, as\namended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by\nthe same. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that could\ncause actual results to differ materially from those described in the forward-looking statements; Ready Capital Corporation (the \"Company\") can give no\nassurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include those set forth\nin the Risk Factors section of the most recent Annual Report on Form 10-K filed with the SEC and other reports filed by the Company with the SEC, copies of\nwhich are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the\ndate of this release, except as required by law.\n",
"box": {
"left": 0.09006,
"top": 0.23002,
"right": 0.91896,
"bottom": 0.37987
},
"chunk_id": "text-1"
},
{
"page": 2,
"kind": "text",
"text": "This presentation includes certain non-GAAP financial measures, including Distributable earnings. These non-GAAP financial measures should be considered\nonly as supplemental to, and not as superior to, financial measures in accordance with GAAP. Please refer to the Appendix for the most recent GAAP information.\n",
"box": {
"left": 0.0911,
"top": 0.3892,
"right": 0.9178,
"bottom": 0.43445
},
"chunk_id": "text-2"
},
{
"page": 2,
"kind": "text",
"text": "This presentation also contains market statistics and industry data which are subject to uncertainty and are not necessarily reflective of market conditions. These\nhave been derived from third party sources and have not been independently verified by the Company or its affiliates.\n",
"box": {
"left": 0.09076,
"top": 0.44265,
"right": 0.9177,
"bottom": 0.48662
},
"chunk_id": "text-3"
},
{
"page": 2,
"kind": "text",
"text": "All material presented is compiled from sources believed to be reliable and current, but accuracy cannot be guaranteed. All data is as of March 31, 2026, unless\notherwise noted.\n",
"box": {
"left": 0.09129,
"top": 0.49597,
"right": 0.91685,
"bottom": 0.53891
},
"chunk_id": "text-4"
},
{
"page": 2,
"kind": "marginalia",
"text": "2\n",
"box": {
"left": 0.93467,
"top": 0.95265,
"right": 0.94872,
"bottom": 0.97533
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 3,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzfqmntn2a0v2fpv7ktfyj",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.8,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p3.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 3,
"kind": "text",
"text": "First Quarter 2026 Results\n",
"box": {
"left": 0.0396,
"top": 0.06933,
"right": 0.41041,
"bottom": 0.12037
},
"chunk_id": "text-0"
},
{
"page": 3,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN]\nREADY CAPITAL®\n",
"box": {
"left": 0.74606,
"top": 0.04541,
"right": 0.96722,
"bottom": 0.11487
},
"chunk_id": "logo-0"
},
{
"page": 3,
"kind": "text",
"text": "Performance\n- Net loss1 of $(1.25) per common share\n- Distributable losses2 of $(1.00) per common share\n- Distributable losses before realized losses3 of $(0.33) per common share\n- Declared dividend of $0.01 per common share\nLoan Portfolio\n- Total loan portfolio of $4.5 billion\n- Total loan originations4 of $464.3 million including $287.6 million of LMM commercial real\nestate loans, $110.0 million of SBA 7(a) loans and $28.5 million of USDA loans\n- Loan repayments of $410 million and sales of $1.0 billion\n",
"box": {
"left": 0.04573,
"top": 0.21283,
"right": 0.94945,
"bottom": 0.56556
},
"chunk_id": "text-1"
},
{
"page": 3,
"kind": "text",
"text": "Capitalization\n- Book value per share of $7.43\n- Total leverage of 3.0x and recourse leverage ratio6 of 1.8x\n",
"box": {
"left": 0.04622,
"top": 0.57158,
"right": 0.94832,
"bottom": 0.73427
},
"chunk_id": "text-2"
},
{
"page": 3,
"kind": "text",
"text": "Business Update\n- Completed the sale of 48 loans totaling $1.0 billion in unpaid principal balance for net proceeds\nof $177 million after financing paydowns\n- Collapsed the last remaining CLOs, RCMF 2021-FL7, RCMF 2023-FL11 and RCMF 2023-FL12\n- Retired the outstanding 5.75% Senior Unsecured Notes in February 2026 and 6.20% Senior\nUnsecured Notes in April 2026\n",
"box": {
"left": 0.04624,
"top": 0.73829,
"right": 0.94754,
"bottom": 0.89013
},
"chunk_id": "text-3"
},
{
"page": 3,
"kind": "marginalia",
"text": "3\n",
"box": {
"left": 0.93452,
"top": 0.95238,
"right": 0.94898,
"bottom": 0.97541
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 4,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart",
"bar_chart",
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzfqmqfspad395bpqdvwpc",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.4,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p4.ade.json",
"figures": [
{
"page": 4,
"text": "A bar chart titled \"LOAN VINTAGE ($ in billions)\" displaying the loan value in billions of dollars across different years (2020 and prior to 2025). The chart categorizes loans into \"Core\" (represented by orange bars) and \"Non-Core\" (represented by dark blue bars). The y-axis ranges from $0.0 to $1.2 billion. The x-axis lists the years: 2020 and prior, 2021, 2022, 2023, 2024, and 2025.\n\n| Year | Core ($B) | Non-Core ($B) |\n| --- | --- | --- |\n| 2020 and prior | 0.7 | - |\n| 2021 | 0.9 | 0.1 |\n| 2022 | 1.0 | - |\n| 2023 | 0.2 | - |\n| 2024 | 0.3 | - |\n| 2025 | 0.1 | - |",
"box": {
"left": 0.0432,
"top": 0.50287,
"right": 0.34225,
"bottom": 0.91022
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzfqmqfspad395bpqdvwpc",
"picture_ref": "#/pictures/5"
},
{
"page": 4,
"text": "A waterfall chart titled '60+ DQ CORE MIGRATION ($ in millions)' showing the movement of 60+ DQ (Delinquency) values. The chart starts with an orange bar at 'Beg 60+' ($306 million), adds a positive orange bar for 'New 60+' ($259 million), then subtracts values with dark blue bars for 'Sales/Payoffs' (-$71 million), 'Allowance' (-$6 million), and 'Other' (-$6 million), ending with a final orange bar for 'End 60+' ($482 million). The y-axis represents monetary values in millions of dollars.\n\n| Category | Value ($ millions) |\n| --- | --- |\n| Beg 60+ | 306 |\n| New 60+ | 259 |\n| Sales/Payoffs | (71) |\n| Allowance | (6) |\n| Other | (6) |\n| End 60+ | 482 |",
"box": {
"left": 0.35261,
"top": 0.50201,
"right": 0.65976,
"bottom": 0.90669
},
"chunk_id": "figure-1",
"job_id": "parse-01m1xzfqmqfspad395bpqdvwpc",
"picture_ref": "#/pictures/6"
},
{
"page": 4,
"text": "The figure is a waterfall chart titled 'QTD INVESTMENT ROLL ($ in billions)'. It tracks the change in investment value from a beginning carrying value (Beg CV) to an ending carrying value (End CV) over a quarter. The chart displays positive values with orange bars and negative values with dark blue bars. The y-axis represents monetary values in billions, ranging from $3.0 to $5.0. The x-axis shows the sequential components of the investment roll.\n\n| Category | Value ($ in billions) | Type |\n| --- | --- | --- |\n| Beg CV | 4.78 | Positive |\n| Sales/ Paydowns | (1.30) | Negative |\n| Originations | 0.07 | Positive |\n| Allowance/ Other | (0.15) | Negative |\n| End CV | 3.40 | Positive |",
"box": {
"left": 0.66641,
"top": 0.50221,
"right": 0.97548,
"bottom": 0.92043
},
"chunk_id": "figure-2",
"job_id": "parse-01m1xzfqmqfspad395bpqdvwpc",
"picture_ref": "#/pictures/7"
}
],
"tables": [
{
"page": 4,
"cells": [
[
"",
"COUNT<sup>7</sup>",
"UPB",
"ALLOWANCE",
"CARRY
VALUE",
"60+ DQ
STATUS<sup>5</sup>",
"WA RISK
RATING",
"GROSS
YIELD",
"CASH
YIELD"
],
[
"CORE",
"949",
"3.47B",
"194M",
"3.25B",
"14.8%",
"2.67",
"5.9%",
"5.1%"
],
[
"NON-CORE",
"21",
"224M",
"77M",
"146M",
"90.4%",
"4.79",
"0.6%",
"0.6%"
],
[
"TOTAL",
"970",
"3.69B",
"271M",
"3.40B",
"18.1%",
"2.76",
"5.7%",
"4.9%"
]
],
"cell_boxes": [
[
{
"left": 0.03984,
"top": 0.2233,
"right": 0.21127,
"bottom": 0.26716
},
{
"left": 0.21111,
"top": 0.22332,
"right": 0.30642,
"bottom": 0.26715
},
{
"left": 0.30619,
"top": 0.22334,
"right": 0.40095,
"bottom": 0.26715
},
{
"left": 0.40078,
"top": 0.22336,
"right": 0.49555,
"bottom": 0.26714
},
{
"left": 0.49542,
"top": 0.22337,
"right": 0.59008,
"bottom": 0.26714
},
{
"left": 0.59001,
"top": 0.22339,
"right": 0.68481,
"bottom": 0.26713
},
{
"left": 0.6848,
"top": 0.2234,
"right": 0.77956,
"bottom": 0.26713
},
{
"left": 0.77953,
"top": 0.22342,
"right": 0.87404,
"bottom": 0.26713
},
{
"left": 0.87399,
"top": 0.22343,
"right": 0.9688,
"bottom": 0.26712
}
],
[
{
"left": 0.03986,
"top": 0.26715,
"right": 0.21111,
"bottom": 0.29779
},
{
"left": 0.21099,
"top": 0.26715,
"right": 0.30619,
"bottom": 0.29777
},
{
"left": 0.30603,
"top": 0.26714,
"right": 0.40078,
"bottom": 0.29777
},
{
"left": 0.40066,
"top": 0.26714,
"right": 0.49542,
"bottom": 0.29776
},
{
"left": 0.49532,
"top": 0.26713,
"right": 0.59001,
"bottom": 0.29775
},
{
"left": 0.58996,
"top": 0.26713,
"right": 0.68481,
"bottom": 0.29774
},
{
"left": 0.68481,
"top": 0.26713,
"right": 0.77953,
"bottom": 0.29773
},
{
"left": 0.77952,
"top": 0.26712,
"right": 0.87407,
"bottom": 0.29773
},
{
"left": 0.87404,
"top": 0.26712,
"right": 0.96884,
"bottom": 0.29772
}
],
[
{
"left": 0.03987,
"top": 0.29777,
"right": 0.21099,
"bottom": 0.32837
},
{
"left": 0.21088,
"top": 0.29777,
"right": 0.30603,
"bottom": 0.32837
},
{
"left": 0.30587,
"top": 0.29776,
"right": 0.40066,
"bottom": 0.32837
},
{
"left": 0.40054,
"top": 0.29775,
"right": 0.49532,
"bottom": 0.32837
},
{
"left": 0.49523,
"top": 0.29774,
"right": 0.58996,
"bottom": 0.32837
},
{
"left": 0.5899,
"top": 0.29773,
"right": 0.68481,
"bottom": 0.32837
},
{
"left": 0.68481,
"top": 0.29773,
"right": 0.77952,
"bottom": 0.32836
},
{
"left": 0.7795,
"top": 0.29772,
"right": 0.87411,
"bottom": 0.32836
},
{
"left": 0.87407,
"top": 0.29771,
"right": 0.96887,
"bottom": 0.32836
}
],
[
{
"left": 0.03988,
"top": 0.32837,
"right": 0.21088,
"bottom": 0.35921
},
{
"left": 0.21077,
"top": 0.32837,
"right": 0.30587,
"bottom": 0.3592
},
{
"left": 0.3057,
"top": 0.32837,
"right": 0.40054,
"bottom": 0.3592
},
{
"left": 0.40042,
"top": 0.32837,
"right": 0.49523,
"bottom": 0.35919
},
{
"left": 0.49513,
"top": 0.32837,
"right": 0.5899,
"bottom": 0.35919
},
{
"left": 0.58985,
"top": 0.32836,
"right": 0.68481,
"bottom": 0.35918
},
{
"left": 0.68481,
"top": 0.32836,
"right": 0.7795,
"bottom": 0.35918
},
{
"left": 0.77948,
"top": 0.32836,
"right": 0.87414,
"bottom": 0.35917
},
{
"left": 0.87411,
"top": 0.32836,
"right": 0.96891,
"bottom": 0.35917
}
]
],
"box": {
"left": 0.03287,
"top": 0.2198,
"right": 0.97638,
"bottom": 0.36828
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzfqmqfspad395bpqdvwpc",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 4,
"kind": "text",
"text": "CRE Portfolio Review\n",
"box": {
"left": 0.04068,
"top": 0.06766,
"right": 0.34646,
"bottom": 0.12161
},
"chunk_id": "text-0"
},
{
"page": 4,
"kind": "logo",
"text": "[ORANGE_DOTTED_ICON]\nREADY CAPITAL®\n",
"box": {
"left": 0.7466,
"top": 0.04522,
"right": 0.9667,
"bottom": 0.1147
},
"chunk_id": "logo-0"
},
{
"page": 4,
"kind": "marginalia",
"text": "4\n",
"box": {
"left": 0.93455,
"top": 0.95183,
"right": 0.94931,
"bottom": 0.97577
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 5,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart",
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzfqm6zde47s6qy77ysz81",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p5.ade.json",
"figures": [
{
"page": 5,
"text": "The figure consists of four pie charts arranged horizontally, each detailing a different aspect of loan data. The charts are titled 'LOAN PRODUCT', 'COLLATERAL', 'RISK RATING', and 'MODIFICATION STATUS'.\n\n| Category | Segment | Percentage |\n| --- | --- | --- |\n| LOAN PRODUCT | Bridge | 63% |\n| LOAN PRODUCT | Fixed rate | 18% |\n| LOAN PRODUCT | Construction | 12% |\n| LOAN PRODUCT | Other | 7% |\n| COLLATERAL | Multi-family | 71% |\n| COLLATERAL | Retail | 7% |\n| COLLATERAL | Industrial | 6% |\n| COLLATERAL | Office | 4% |\n| COLLATERAL | Land | 5% |\n| COLLATERAL | Other | 7% |\n| RISK RATING | 1&2 | 44% |\n| RISK RATING | 3 | 33% |\n| RISK RATING | 4&5 | 23% |\n| MODIFICATION STATUS | Not Modified | 45% |\n| MODIFICATION STATUS | Extensions | 30% |\n| MODIFICATION STATUS | Modifications | 25% |",
"box": {
"left": 0.00983,
"top": 0.13971,
"right": 0.95463,
"bottom": 0.50276
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzfqm6zde47s6qy77ysz81",
"picture_ref": "#/pictures/9"
},
{
"page": 5,
"text": "A bar chart titled \"HISTORICAL LEVERED YIELD\" showing the levered yield percentages over five consecutive quarters from Q1 2025 to Q1 2026. The y-axis represents yield percentages ranging from 0% to 12% in increments of 2%. The x-axis lists the time periods. All bars are orange and display the specific yield percentage value centered within them.\n\n| Period | Yield (%) |\n| --- | --- |\n| Q1 2025 | 11.1% |\n| Q2 2025 | 10.9% |\n| Q3 2025 | 11.0% |\n| Q4 2025 | 9.6% |\n| Q1 2026 | 7.0% |",
"box": {
"left": 0.04498,
"top": 0.52501,
"right": 0.49083,
"bottom": 0.94074
},
"chunk_id": "figure-1",
"job_id": "parse-01m1xzfqm6zde47s6qy77ysz81",
"picture_ref": "#/pictures/10"
}
],
"tables": [
{
"page": 5,
"cells": [
[
"QUARTERLY PORTFOLIO CREDIT MIGRATION",
"",
""
],
[
"",
"Q4'25 CV (%)",
"Q1'26 CV (%)"
],
[
"CURRENT",
"85.2%",
"79.9%"
],
[
"30-59",
"8.1%",
"5.3%"
],
[
"60+",
"6.7%",
"14.8%"
],
[
"TOTAL",
"100.0%",
"100.0%"
],
[
"",
"",
""
],
[
"ACCRUAL",
"76.6%",
"63.7%"
],
[
"NON-ACCRUAL",
"23.4%",
"36.3%"
],
[
"TOTAL",
"100.0%",
"100.0%"
]
],
"cell_boxes": [
[
{
"left": 0.50895,
"top": 0.53245,
"right": 0.94557,
"bottom": 0.56728
},
null,
null
],
[
{
"left": 0.50895,
"top": 0.56726,
"right": 0.6541,
"bottom": 0.60288
},
{
"left": 0.6541,
"top": 0.56725,
"right": 0.79914,
"bottom": 0.60287
},
{
"left": 0.79912,
"top": 0.56723,
"right": 0.94548,
"bottom": 0.60286
}
],
[
{
"left": 0.50894,
"top": 0.60287,
"right": 0.6541,
"bottom": 0.64322
},
{
"left": 0.6541,
"top": 0.60286,
"right": 0.79912,
"bottom": 0.6432
},
{
"left": 0.7991,
"top": 0.60286,
"right": 0.94539,
"bottom": 0.64319
}
],
[
{
"left": 0.50894,
"top": 0.6432,
"right": 0.6541,
"bottom": 0.68355
},
{
"left": 0.65409,
"top": 0.64319,
"right": 0.7991,
"bottom": 0.68355
},
{
"left": 0.79909,
"top": 0.64317,
"right": 0.94529,
"bottom": 0.68356
}
],
[
{
"left": 0.50893,
"top": 0.68355,
"right": 0.65409,
"bottom": 0.72401
},
{
"left": 0.65409,
"top": 0.68355,
"right": 0.79909,
"bottom": 0.72403
},
{
"left": 0.79907,
"top": 0.68355,
"right": 0.94519,
"bottom": 0.72404
}
],
[
{
"left": 0.50893,
"top": 0.724,
"right": 0.65409,
"bottom": 0.76446
},
{
"left": 0.65409,
"top": 0.72401,
"right": 0.79907,
"bottom": 0.76446
},
{
"left": 0.79905,
"top": 0.72403,
"right": 0.9451,
"bottom": 0.76445
}
],
[
{
"left": 0.50892,
"top": 0.76446,
"right": 0.65409,
"bottom": 0.80485
},
{
"left": 0.65408,
"top": 0.76445,
"right": 0.79905,
"bottom": 0.80485
},
{
"left": 0.79903,
"top": 0.76444,
"right": 0.945,
"bottom": 0.80485
}
],
[
{
"left": 0.50892,
"top": 0.80484,
"right": 0.65408,
"bottom": 0.84529
},
{
"left": 0.65408,
"top": 0.80485,
"right": 0.79903,
"bottom": 0.84531
},
{
"left": 0.79902,
"top": 0.80485,
"right": 0.9449,
"bottom": 0.84533
}
],
[
{
"left": 0.50891,
"top": 0.84527,
"right": 0.65408,
"bottom": 0.8844
},
{
"left": 0.65408,
"top": 0.84529,
"right": 0.79902,
"bottom": 0.88443
},
{
"left": 0.799,
"top": 0.84531,
"right": 0.9448,
"bottom": 0.88445
}
],
[
{
"left": 0.50891,
"top": 0.88437,
"right": 0.65408,
"bottom": 0.92504
},
{
"left": 0.65408,
"top": 0.8844,
"right": 0.799,
"bottom": 0.92501
},
{
"left": 0.79898,
"top": 0.88443,
"right": 0.9447,
"bottom": 0.92499
}
]
],
"box": {
"left": 0.50324,
"top": 0.52568,
"right": 0.95136,
"bottom": 0.93572
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzfqm6zde47s6qy77ysz81",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 5,
"kind": "text",
"text": "CRE Core Portfolio Overview\n",
"box": {
"left": 0.04037,
"top": 0.06902,
"right": 0.44769,
"bottom": 0.12137
},
"chunk_id": "text-0"
},
{
"page": 5,
"kind": "logo",
"text": "[ORANGE_DOTTED_SHAPE]\nREADY CAPITAL®\n",
"box": {
"left": 0.74673,
"top": 0.04449,
"right": 0.96704,
"bottom": 0.11435
},
"chunk_id": "logo-0"
},
{
"page": 5,
"kind": "marginalia",
"text": "5\n",
"box": {
"left": 0.93394,
"top": 0.95241,
"right": 0.94989,
"bottom": 0.97566
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 6,
"status": "figures",
"reason": "",
"picture_classes": [
"pie_chart",
"bar_chart",
"pie_chart",
"pie_chart",
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.4,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p6.ade.json",
"figures": [
{
"page": 6,
"text": "A pie chart titled 'LOAN PRODUCT' displaying the distribution of three loan types. The largest segment is 'Bridge' at 77%, followed by 'Construction' at 14%, and 'Fixed' at 9%.\n\n| Loan Product | Percentage |\n| --- | --- |\n| Bridge | 77% |\n| Construction | 14% |\n| Fixed | 9% |",
"box": {
"left": 0.02868,
"top": 0.14018,
"right": 0.31664,
"bottom": 0.47519
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"picture_ref": "#/pictures/11"
},
{
"page": 6,
"text": "A pie chart titled 'COLLATERAL' displaying the percentage distribution of different collateral types.\n\n| Category | Percentage |\n| --- | --- |\n| Multi-family | 58% |\n| Hotel | 11% |\n| Mixed Use | 11% |\n| Office | 8% |\n| Other | 12% |",
"box": {
"left": 0.35198,
"top": 0.14134,
"right": 0.64984,
"bottom": 0.4748
},
"chunk_id": "figure-1",
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"picture_ref": "#/pictures/13"
},
{
"page": 6,
"text": "A pie chart titled 'RISK RATING' showing two segments representing risk ratings. The chart is divided into two sections: a larger dark blue section representing a rating of 5 (79%) and a smaller orange section representing a rating of 4 (21%).\n\n| Rating | Percentage |\n| --- | --- |\n| 5 | 79% |\n| 4 | 21% |",
"box": {
"left": 0.67233,
"top": 0.14134,
"right": 0.96826,
"bottom": 0.47765
},
"chunk_id": "figure-2",
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"picture_ref": "#/pictures/15"
},
{
"page": 6,
"text": "This is a waterfall chart titled 'QTD ROLL ($ in thousands)' showing the quarterly-to-date (QTD) roll of loans. The chart displays the change in the Beginning CV to the Ending CV. The y-axis represents dollar values in thousands, ranging from $100 to $250. The chart consists of four columns: 'Beginning CV', 'Exits', 'REO/Write-downs', and 'Ending CV'. The 'Beginning CV' column is an orange bar starting at $222 with 27 loans. This is followed by two dark blue downward-pointing bars representing subtractions: 'Exits' at $(46) with 3 loans, and 'REO/Write-downs' at $(30) with 3 loans. Finally, the 'Ending CV' is an orange bar at $146 with 21 loans.\n\n| Category | Value ($ in thousands) | Loan Count |\n| --- | --- | --- |\n| Beginning CV | 222 | 27 |\n| Exits | (46) | 3 |\n| REO/Write-downs | (30) | 3 |\n| Ending CV | 146 | 21 |",
"box": {
"left": 0.02663,
"top": 0.51856,
"right": 0.32092,
"bottom": 0.90654
},
"chunk_id": "figure-3",
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"picture_ref": "#/pictures/12"
},
{
"page": 6,
"text": "This is a vertical bar chart titled \"NON-CORE EXIT TIMELINE ($ in millions)\". The y-axis represents dollar values in millions, ranging from $0 to $60. The x-axis represents specific time periods. There are five orange bars representing the non-core exit value for each period.\n\n| Period | Value ($ in millions) |\n| --- | --- |\n| Q2'26 | 55 |\n| Q3'26 | 31 |\n| Q4'26 | 1 |\n| Q1'27 | 46 |\n| Q2'27 and beyond | 13 |",
"box": {
"left": 0.66786,
"top": 0.51964,
"right": 0.96288,
"bottom": 0.93542
},
"chunk_id": "figure-4",
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"picture_ref": "#/pictures/16"
}
],
"tables": [
{
"page": 6,
"cells": [
[
"STRATEGY",
"LOAN COUNT",
"CARRY VALUE (%)"
],
[
"Liquidation pending commencement of marketing",
"9",
"32%"
],
[
"Actively marketed for sale",
"10",
"68%"
],
[
"Modified/performing",
"2",
"—%"
],
[
"Total",
"21",
"100%"
]
],
"cell_boxes": [
[
{
"left": 0.36359,
"top": 0.56954,
"right": 0.49911,
"bottom": 0.6271
},
{
"left": 0.4991,
"top": 0.56953,
"right": 0.55786,
"bottom": 0.62709
},
{
"left": 0.55786,
"top": 0.56952,
"right": 0.63655,
"bottom": 0.62708
}
],
[
{
"left": 0.36358,
"top": 0.62709,
"right": 0.4991,
"bottom": 0.7154
},
{
"left": 0.49908,
"top": 0.62708,
"right": 0.55786,
"bottom": 0.71541
},
{
"left": 0.55785,
"top": 0.62708,
"right": 0.63656,
"bottom": 0.71543
}
],
[
{
"left": 0.36358,
"top": 0.71536,
"right": 0.49908,
"bottom": 0.78298
},
{
"left": 0.49906,
"top": 0.7154,
"right": 0.55785,
"bottom": 0.78297
},
{
"left": 0.55784,
"top": 0.71541,
"right": 0.63656,
"bottom": 0.78296
}
],
[
{
"left": 0.36358,
"top": 0.78297,
"right": 0.49906,
"bottom": 0.83808
},
{
"left": 0.49905,
"top": 0.78296,
"right": 0.55784,
"bottom": 0.83809
},
{
"left": 0.55784,
"top": 0.78296,
"right": 0.63656,
"bottom": 0.8381
}
],
[
{
"left": 0.36358,
"top": 0.83806,
"right": 0.49905,
"bottom": 0.89081
},
{
"left": 0.49904,
"top": 0.83808,
"right": 0.55784,
"bottom": 0.89084
},
{
"left": 0.55783,
"top": 0.83809,
"right": 0.63656,
"bottom": 0.89088
}
]
],
"box": {
"left": 0.36358,
"top": 0.56952,
"right": 0.63656,
"bottom": 0.89088
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzfqnxes7w287vze7sxekr",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 6,
"kind": "text",
"text": "CRE Non-Core Portfolio Overview\n",
"box": {
"left": 0.04112,
"top": 0.06896,
"right": 0.5123,
"bottom": 0.12256
},
"chunk_id": "text-0"
},
{
"page": 6,
"kind": "logo",
"text": "[ORANGE_DOTTED_SHAPE]\nREADY CAPITAL®\n",
"box": {
"left": 0.74717,
"top": 0.04393,
"right": 0.96653,
"bottom": 0.11447
},
"chunk_id": "logo-0"
},
{
"page": 6,
"kind": "text",
"text": "ASSET MANAGEMENT STRATEGY",
"box": {
"left": 0.36326,
"top": 0.53089,
"right": 0.6368,
"bottom": 0.56738
},
"chunk_id": "text-1"
},
{
"page": 6,
"kind": "marginalia",
"text": "6\n",
"box": {
"left": 0.93316,
"top": 0.95201,
"right": 0.95045,
"bottom": 0.97633
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 7,
"status": "figures",
"reason": "",
"picture_classes": [
"pie_chart",
"pie_chart",
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzg04sy38s7xgzgmfnzw15",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p7.ade.json",
"figures": [
{
"page": 7,
"text": "A donut chart illustrating the distribution of collateral types. The chart is labeled 'Collateral' in the center hole.\n\n| Category | Percentage |\n| --- | --- |\n| Mixed use | 69% |\n| Multi-family | 14% |\n| Land | 11% |\n| Other | 6% |",
"box": {
"left": 0.08937,
"top": 0.1734,
"right": 0.39589,
"bottom": 0.5531
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzg04sy38s7xgzgmfnzw15",
"picture_ref": "#/pictures/17"
},
{
"page": 7,
"text": "A donut chart titled \"Geography\" representing the distribution of a category across different regions. The chart is divided into five segments: Oregon (69%, dark green), Other (10%, yellow), Texas (11%, orange), California (7%, dark blue), and Colorado (3%, reddish-brown).\n\n| Category | Percentage |\n| --- | --- |\n| Oregon | 69% |\n| Other | 10% |\n| Texas | 11% |\n| California | 7% |\n| Colorado | 3% |",
"box": {
"left": 0.58999,
"top": 0.17448,
"right": 0.88506,
"bottom": 0.54716
},
"chunk_id": "figure-1",
"job_id": "parse-01m1xzg04sy38s7xgzgmfnzw15",
"picture_ref": "#/pictures/19"
},
{
"page": 7,
"text": "This is a waterfall chart titled 'QUARTERLY REO MIGRATION (in thousands)' that visualizes the change in Real Estate Owned (REO) assets over a quarter. The chart starts at 635,513 and ends at 625,503. Positive changes (additions) are shown in orange, while negative changes (subtractions) are shown in dark blue. The x-axis lists the categories: Beginning Balance, REO acquired via foreclosure/capitalized costs, Liquidations, Depreciation/Impairment, and Ending Balance.\n\n| Category | Value | Type |\n| --- | --- | --- |\n| Beginning Balance | 635,513 | Start |\n| REO acquired via foreclosure/capitalized costs | 25,818 | Addition |\n| Liquidations | (31,551) | Subtraction |\n| Depreciation/Impairment | (4,277) | Subtraction |\n| Ending Balance | 625,503 | End |",
"box": {
"left": 0.51059,
"top": 0.58132,
"right": 0.95965,
"bottom": 0.93884
},
"chunk_id": "figure-2",
"job_id": "parse-01m1xzg04sy38s7xgzgmfnzw15",
"picture_ref": "#/pictures/20"
}
],
"tables": [
{
"page": 7,
"cells": [
[
"PORTLAND MIXED USE",
"1",
"$407M"
],
[
"OPERATE TO SELL",
"4",
"$55M"
],
[
"SELL",
"14",
"$107M"
],
[
"UNDER CONTRACT",
"9",
"$57M"
],
[
"TOTAL",
"28",
"$626M"
]
],
"cell_boxes": [
[
{
"left": 0.03802,
"top": 0.69333,
"right": 0.212,
"bottom": 0.72435
},
{
"left": 0.21199,
"top": 0.69331,
"right": 0.30937,
"bottom": 0.72435
},
{
"left": 0.30936,
"top": 0.6933,
"right": 0.46678,
"bottom": 0.72435
}
],
[
{
"left": 0.03802,
"top": 0.72435,
"right": 0.21199,
"bottom": 0.75498
},
{
"left": 0.21198,
"top": 0.72435,
"right": 0.30938,
"bottom": 0.75497
},
{
"left": 0.30937,
"top": 0.72435,
"right": 0.46679,
"bottom": 0.75496
}
],
[
{
"left": 0.03802,
"top": 0.75497,
"right": 0.21198,
"bottom": 0.78557
},
{
"left": 0.21197,
"top": 0.75496,
"right": 0.30939,
"bottom": 0.78556
},
{
"left": 0.30938,
"top": 0.75495,
"right": 0.4668,
"bottom": 0.78555
}
],
[
{
"left": 0.03803,
"top": 0.78556,
"right": 0.21197,
"bottom": 0.81623
},
{
"left": 0.21196,
"top": 0.78555,
"right": 0.3094,
"bottom": 0.81623
},
{
"left": 0.30939,
"top": 0.78554,
"right": 0.4668,
"bottom": 0.81624
}
],
[
{
"left": 0.03803,
"top": 0.81622,
"right": 0.21196,
"bottom": 0.84686
},
{
"left": 0.21195,
"top": 0.81623,
"right": 0.30941,
"bottom": 0.84686
},
{
"left": 0.3094,
"top": 0.81623,
"right": 0.46681,
"bottom": 0.84686
}
]
],
"box": {
"left": 0.03802,
"top": 0.6933,
"right": 0.46681,
"bottom": 0.84686
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzg04sy38s7xgzgmfnzw15",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 7,
"kind": "text",
"text": "Real Estate Owned Exposure\n",
"box": {
"left": 0.03995,
"top": 0.06891,
"right": 0.45204,
"bottom": 0.1234
},
"chunk_id": "text-0"
},
{
"page": 7,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN_SHAPE]\nREADY CAPITAL®\n",
"box": {
"left": 0.74573,
"top": 0.04397,
"right": 0.96765,
"bottom": 0.11524
},
"chunk_id": "logo-0"
},
{
"page": 7,
"kind": "text",
"text": "REO DETAILS19\n# OF ASSETS CARRY VALUE",
"box": {
"left": 0.03675,
"top": 0.58962,
"right": 0.47449,
"bottom": 0.68246
},
"chunk_id": "text-1"
},
{
"page": 7,
"kind": "marginalia",
"text": "7\n",
"box": {
"left": 0.93319,
"top": 0.95014,
"right": 0.9509,
"bottom": 0.97725
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 8,
"status": "figures",
"reason": "",
"picture_classes": [
"photograph",
"photograph",
"photograph",
"photograph"
],
"table_refs": [],
"job_id": "parse-01m1xzg0dv3m1ta529vf0sqema",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.9,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p8.ade.json",
"figures": [
{
"page": 8,
"text": "A high-angle, wide-shot photograph of a dense urban cityscape during sunset. The focal point is a prominent, tall modern skyscraper with a glass facade that reflects the sky. The building has a stepped, tiered design with a lighter-colored base and a darker, reflective upper section. The surrounding city consists of various mid-rise and high-rise buildings of mixed architectural styles, interspersed with green trees. The sky above is a gradient of soft purples, pinks, and blues, indicating either sunrise or sunset. The lighting is warm and golden, casting long shadows and highlighting the reflective surfaces of the glass buildings.",
"box": {
"left": 0.03472,
"top": 0.15155,
"right": 0.26212,
"bottom": 0.37521
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzg0dv3m1ta529vf0sqema",
"picture_ref": "#/pictures/21"
},
{
"page": 8,
"text": "A photograph of a modern, luxury hotel suite living room interior. The room features floor-to-ceiling windows on the left wall, offering a cityscape view. A curved, light-yellow and grey sofa sits in the foreground, facing a wooden coffee table and a grey armchair near the window. A wall-mounted flat-screen television is centered on the right wall above a low, minimalist grey console table. A doorway on the right leads into a bedroom, where a made bed with white linens is partially visible. The floor is covered with a grey and white patterned carpet. A cylindrical structural column stands between the sofa and the windows. The lighting is bright and natural, coming from the large windows.",
"box": {
"left": 0.03375,
"top": 0.38252,
"right": 0.26252,
"bottom": 0.55377
},
"chunk_id": "figure-1",
"job_id": "parse-01m1xzg0dv3m1ta529vf0sqema",
"picture_ref": "#/pictures/22"
},
{
"page": 8,
"text": "A photograph capturing a luxurious indoor infinity pool located on a high floor, offering a panoramic view of a city skyline through floor-to-ceiling glass windows. The pool features turquoise water and is bordered by a metal handrail on the right side. The ceiling above the pool is reflective, creating a mirror-like effect of the water below. To the left of the pool, a row of comfortable, modern lounge chairs with grey cushions and white pillows are arranged in a line. Potted green plants are placed near the chairs and along the wall, adding a touch of nature to the sleek, modern interior. The overall atmosphere is serene and upscale, characterized by clean lines, natural light, and urban vistas.",
"box": {
"left": 0.03509,
"top": 0.56443,
"right": 0.2621,
"bottom": 0.76276
},
"chunk_id": "figure-2",
"job_id": "parse-01m1xzg0dv3m1ta529vf0sqema",
"picture_ref": "#/pictures/23"
},
{
"page": 8,
"text": "A high-angle, interior photograph of a modern, upscale restaurant dining area. The space features a curved, dark leather banquette seating arrangement on the left, curving along a wall accented with vertical, wave-like wooden slats that extend onto the ceiling. Several square dining tables are arranged in a row along the banquette, each set with place settings and glassware. To the right of the banquette, additional tables and chairs with light-colored, woven-back seats are arranged. In the background, a central bar or service station area is illuminated with warm, golden-orange ambient lighting. The overall atmosphere is sophisticated and moody, with large windows visible in the background, suggesting a high-rise location.",
"box": {
"left": 0.03497,
"top": 0.77372,
"right": 0.26252,
"bottom": 0.97268
},
"chunk_id": "figure-3",
"job_id": "parse-01m1xzg0dv3m1ta529vf0sqema",
"picture_ref": "#/pictures/24"
}
],
"tables": [
{
"page": 8,
"cells": [
[
"• Total Occupancy:",
"28%"
],
[
"• Office Occupancy:",
"23%"
],
[
"• WA Office Rent/SF:",
"$38 NNN"
],
[
"• Office WAULT:",
"9 yrs."
],
[
"• Retail Occupancy:",
"100%"
],
[
"• WA Retail Rent/SF:",
"$46 NNN"
],
[
"• Retail WAULT:",
"11 yrs."
]
],
"cell_boxes": [
[
{
"left": 0.50572,
"top": 0.85075,
"right": 0.63521,
"bottom": 0.87136
},
{
"left": 0.63519,
"top": 0.85073,
"right": 0.71484,
"bottom": 0.87133
}
],
[
{
"left": 0.50572,
"top": 0.87133,
"right": 0.63519,
"bottom": 0.89408
},
{
"left": 0.63517,
"top": 0.87131,
"right": 0.7148,
"bottom": 0.89404
}
],
[
{
"left": 0.50573,
"top": 0.89404,
"right": 0.63517,
"bottom": 0.91282
},
{
"left": 0.63516,
"top": 0.89401,
"right": 0.71474,
"bottom": 0.9128
}
],
[
{
"left": 0.50573,
"top": 0.9128,
"right": 0.63516,
"bottom": 0.93057
},
{
"left": 0.63514,
"top": 0.91279,
"right": 0.7147,
"bottom": 0.93046
}
],
[
{
"left": 0.50573,
"top": 0.93046,
"right": 0.63514,
"bottom": 0.95262
},
{
"left": 0.63513,
"top": 0.93039,
"right": 0.71466,
"bottom": 0.9525
}
],
[
{
"left": 0.50573,
"top": 0.9525,
"right": 0.63513,
"bottom": 0.97165
},
{
"left": 0.63511,
"top": 0.95242,
"right": 0.71461,
"bottom": 0.97161
}
],
[
{
"left": 0.50573,
"top": 0.97161,
"right": 0.63511,
"bottom": 0.99409
},
{
"left": 0.63509,
"top": 0.97158,
"right": 0.71457,
"bottom": 0.99401
}
]
],
"box": {
"left": 0.50572,
"top": 0.85073,
"right": 0.71484,
"bottom": 0.99409
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzg0dv3m1ta529vf0sqema",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 8,
"kind": "text",
"text": "Portland OR, Mixed-Use\n",
"box": {
"left": 0.04231,
"top": 0.07122,
"right": 0.36431,
"bottom": 0.12063
},
"chunk_id": "text-0"
},
{
"page": 8,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN_HEXAGON]\nREADY CAPITAL®\n",
"box": {
"left": 0.74751,
"top": 0.04603,
"right": 0.96606,
"bottom": 0.11433
},
"chunk_id": "logo-0"
},
{
"page": 8,
"kind": "text",
"text": "QUARTERLY UPDATES\n- The four-phase condo sellout strategy is ongoing, whereby unit pricing will increase in subsequent phases. Thirty-two\nunits have been sold YTD ($745 WA PPSF).\n- Twenty-three of the twenty-five fully reserved Phase 1 condos have sold year-to-date. One unit converted from\nReservation Agreement to Purchase Agreement with a hard deposit and one Phase 1 unit remains under reservation\nwith a refundable deposit.\n- Phase 2 (31 units) launched in February 2026. Nine Phase 2 units sold year-to-date, and two units are under\nPurchase Agreement to date.\n- Hotel revenue performance has improved year-over-year, with total March 2026 TTM RevPAR up 8% to $372, driven\nby a 5% increase in occupancy to 46% and 13% increase in Room RevPAR to $221 compared to March 2025 TTM.\n- Marriott's targeted room rate reduction strategy implemented in Q4 2025 continues to yield RevPAR improvement,\nwith January, February and March 2026 Room RevPAR up 23%, 31%, and 22%, respectively, compared to the SPLY.\n",
"box": {
"left": 0.26404,
"top": 0.1512,
"right": 0.96046,
"bottom": 0.48577
},
"chunk_id": "text-1"
},
{
"page": 8,
"kind": "text",
"text": "# RITZ-CARLTON HOTEL\n\n- 251 rooms (floors 8 - 20)\n- Amenities:\n- Lobby lounge\n- Bellpine restaurant and bar;\nMeadowrue restaurant\n- Ritz-Carlton Club\n- Meeting & Event space\n(12,222 sf)\n- Business center\n- Fitness center, full-service\nspa and swimming pool\n",
"box": {
"left": 0.26344,
"top": 0.50242,
"right": 0.49288,
"bottom": 0.81263
},
"chunk_id": "text-2"
},
{
"page": 8,
"kind": "text",
"text": "Key Metrics (3/31/2026 TTM) \n• Occupancy: 45.8% \n• ADR: $482 \n• Room RevPAR: $221 \n• Total RevPAR: $372 ",
"box": {
"left": 0.27292,
"top": 0.82076,
"right": 0.45631,
"bottom": 0.95406
},
"chunk_id": "text-3"
},
{
"page": 8,
"kind": "text",
"text": "OFFICE/RETAIL\n- Class A office: 158,577 sf (floors\n3- 7)\n- Office Tenants:\n- Davis Wright Tremaine LLP\n- Fisher & Phillips\n- Banneker Partners\n- Retail: 10,638 sf (floors 1- 2)\n- Retail Tenants:\n- The Flock (food hall)\n- Mahler Jewelers\n",
"box": {
"left": 0.49645,
"top": 0.50239,
"right": 0.72668,
"bottom": 0.81127
},
"chunk_id": "text-4"
},
{
"page": 8,
"kind": "text",
"text": "Key Metrics (3/31/2026 Rent Roll)",
"box": {
"left": 0.50445,
"top": 0.8252,
"right": 0.70756,
"bottom": 0.84493
},
"chunk_id": "text-5"
},
{
"page": 8,
"kind": "text",
"text": "RITZ-CARLTON RESIDENCES\n- 132 Ritz-Carlton branded\ncondominium residences\n- Located on floors 21 - 35\n- Avg. Unit SF: 1,639\n- Amenities:\n- Balcony or terrace\n- Dedicated lobby\n- Hotel amenity access\n- Private rooftop terrace (8th\nfloor)\n",
"box": {
"left": 0.72995,
"top": 0.50176,
"right": 0.96074,
"bottom": 0.80417
},
"chunk_id": "text-6"
},
{
"page": 8,
"kind": "text",
"text": "Key Metrics (Sales to Date)20 \n- # of units sold: 43 \n- % of units sold: 33% \n- Avg SF/unit sold: 1,537 \n- Avg Sale Price: $1.384M \n- Avg Sale Price/SF: $900 8 ",
"box": {
"left": 0.73449,
"top": 0.82181,
"right": 0.95185,
"bottom": 0.98264
},
"chunk_id": "text-7"
}
]
},
{
"page": 9,
"status": "figures",
"reason": "",
"picture_classes": [
"pie_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzg26wm90xrmn96jjyf844",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p9.ade.json",
"figures": [
{
"page": 9,
"text": "This is a pie chart titled 'COLLATERAL' that displays the percentage distribution of different collateral categories. The chart is divided into five slices representing 'Other', 'Hotel', 'Eating Place', 'Retail', and 'Doctors'.\n\n| Category | Percentage |\n| --- | --- |\n| Other | 46% |\n| Hotel | 17% |\n| Eating Place | 17% |\n| Retail | 14% |\n| Doctors | 6% |",
"box": {
"left": 0.04033,
"top": 0.49426,
"right": 0.48946,
"bottom": 0.88634
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzg26wm90xrmn96jjyf844",
"picture_ref": "#/pictures/27"
}
],
"tables": [
{
"page": 9,
"cells": [
[
"PROGRAM",
"COUNT<sup>15</sup>",
"UPB",
"ALLOWANCE",
"CARRY
VALUE",
"60+ DQ STATUS<sup>5</sup>",
"WA RISK RATING",
"GROSS YIELD",
"CASH YIELD"
],
[
"LARGE",
"1,849",
"1.01B",
"22M",
"977M",
"3.0%",
"1.74",
"8.1%",
"7.8%"
],
[
"SMALL/MICRO",
"5,941",
"143M",
"17M",
"123M",
"3.5%",
"1.37",
"10.9%",
"9.9%"
],
[
"USDA",
"36",
"37M",
"1",
"34M",
"-%",
"2.60",
"9.6%",
"8.4%"
],
[
"WORKING CAPITAL**",
"165",
"16M",
"—",
"1M",
"20.3%",
"2.72",
"12.9%",
"12.9%"
],
[
"TOTAL",
"7,991",
"1.21B",
"40M",
"1.14B",
"3.0%",
"1.73",
"8.5%",
"8.1%"
]
],
"cell_boxes": [
[
{
"left": 0.04617,
"top": 0.21848,
"right": 0.19065,
"bottom": 0.25722
},
{
"left": 0.19057,
"top": 0.21849,
"right": 0.28641,
"bottom": 0.25722
},
{
"left": 0.28633,
"top": 0.2185,
"right": 0.38192,
"bottom": 0.25722
},
{
"left": 0.38184,
"top": 0.2185,
"right": 0.47729,
"bottom": 0.25722
},
{
"left": 0.47727,
"top": 0.21851,
"right": 0.57309,
"bottom": 0.25722
},
{
"left": 0.57304,
"top": 0.21852,
"right": 0.66864,
"bottom": 0.25722
},
{
"left": 0.66862,
"top": 0.21853,
"right": 0.76446,
"bottom": 0.25721
},
{
"left": 0.76445,
"top": 0.21853,
"right": 0.85986,
"bottom": 0.25721
},
{
"left": 0.85986,
"top": 0.21854,
"right": 0.95528,
"bottom": 0.25721
}
],
[
{
"left": 0.04618,
"top": 0.25722,
"right": 0.19057,
"bottom": 0.28793
},
{
"left": 0.19051,
"top": 0.25722,
"right": 0.28633,
"bottom": 0.28793
},
{
"left": 0.28626,
"top": 0.25722,
"right": 0.38184,
"bottom": 0.28793
},
{
"left": 0.38178,
"top": 0.25722,
"right": 0.47727,
"bottom": 0.28793
},
{
"left": 0.47725,
"top": 0.25722,
"right": 0.57304,
"bottom": 0.28793
},
{
"left": 0.573,
"top": 0.25721,
"right": 0.66862,
"bottom": 0.28793
},
{
"left": 0.6686,
"top": 0.25721,
"right": 0.76445,
"bottom": 0.28793
},
{
"left": 0.76445,
"top": 0.25721,
"right": 0.85986,
"bottom": 0.28793
},
{
"left": 0.85986,
"top": 0.25721,
"right": 0.95535,
"bottom": 0.28793
}
],
[
{
"left": 0.04619,
"top": 0.28793,
"right": 0.19051,
"bottom": 0.3186
},
{
"left": 0.19044,
"top": 0.28793,
"right": 0.28626,
"bottom": 0.3186
},
{
"left": 0.28619,
"top": 0.28793,
"right": 0.38178,
"bottom": 0.3186
},
{
"left": 0.38171,
"top": 0.28793,
"right": 0.47725,
"bottom": 0.31861
},
{
"left": 0.47723,
"top": 0.28793,
"right": 0.573,
"bottom": 0.31861
},
{
"left": 0.57297,
"top": 0.28793,
"right": 0.6686,
"bottom": 0.31861
},
{
"left": 0.66859,
"top": 0.28793,
"right": 0.76445,
"bottom": 0.31861
},
{
"left": 0.76444,
"top": 0.28793,
"right": 0.85986,
"bottom": 0.31861
},
{
"left": 0.85986,
"top": 0.28793,
"right": 0.95541,
"bottom": 0.31861
}
],
[
{
"left": 0.0462,
"top": 0.3186,
"right": 0.19044,
"bottom": 0.34936
},
{
"left": 0.19038,
"top": 0.3186,
"right": 0.28619,
"bottom": 0.34937
},
{
"left": 0.28613,
"top": 0.3186,
"right": 0.38171,
"bottom": 0.34937
},
{
"left": 0.38165,
"top": 0.3186,
"right": 0.47723,
"bottom": 0.34937
},
{
"left": 0.47722,
"top": 0.31861,
"right": 0.57297,
"bottom": 0.34937
},
{
"left": 0.57293,
"top": 0.31861,
"right": 0.66859,
"bottom": 0.34938
},
{
"left": 0.66857,
"top": 0.31861,
"right": 0.76444,
"bottom": 0.34938
},
{
"left": 0.76443,
"top": 0.31861,
"right": 0.85986,
"bottom": 0.34938
},
{
"left": 0.85986,
"top": 0.31861,
"right": 0.95548,
"bottom": 0.34938
}
],
[
{
"left": 0.04621,
"top": 0.34936,
"right": 0.19038,
"bottom": 0.38013
},
{
"left": 0.19032,
"top": 0.34936,
"right": 0.28613,
"bottom": 0.38013
},
{
"left": 0.28606,
"top": 0.34937,
"right": 0.38165,
"bottom": 0.38013
},
{
"left": 0.38159,
"top": 0.34937,
"right": 0.47722,
"bottom": 0.38013
},
{
"left": 0.4772,
"top": 0.34937,
"right": 0.57293,
"bottom": 0.38013
},
{
"left": 0.5729,
"top": 0.34937,
"right": 0.66857,
"bottom": 0.38013
},
{
"left": 0.66856,
"top": 0.34938,
"right": 0.76443,
"bottom": 0.38013
},
{
"left": 0.76443,
"top": 0.34938,
"right": 0.85986,
"bottom": 0.38013
},
{
"left": 0.85986,
"top": 0.34938,
"right": 0.95555,
"bottom": 0.38013
}
],
[
{
"left": 0.04621,
"top": 0.38013,
"right": 0.19032,
"bottom": 0.41086
},
{
"left": 0.19025,
"top": 0.38013,
"right": 0.28606,
"bottom": 0.41086
},
{
"left": 0.28599,
"top": 0.38013,
"right": 0.38159,
"bottom": 0.41086
},
{
"left": 0.38153,
"top": 0.38013,
"right": 0.4772,
"bottom": 0.41086
},
{
"left": 0.47718,
"top": 0.38013,
"right": 0.5729,
"bottom": 0.41086
},
{
"left": 0.57286,
"top": 0.38013,
"right": 0.66856,
"bottom": 0.41086
},
{
"left": 0.66854,
"top": 0.38013,
"right": 0.76443,
"bottom": 0.41086
},
{
"left": 0.76442,
"top": 0.38013,
"right": 0.85986,
"bottom": 0.41086
},
{
"left": 0.85986,
"top": 0.38013,
"right": 0.95562,
"bottom": 0.41086
}
]
],
"box": {
"left": 0.03865,
"top": 0.21511,
"right": 0.96355,
"bottom": 0.42012
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzg26wm90xrmn96jjyf844",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 9,
"cells": [
[
"QTD SALES BY PROGRAM",
"",
"",
""
],
[
"PROGRAM",
"SALES",
"PROCEEDS",
"% PREMIUM"
],
[
"LARGE",
"$47M",
"$51M",
"9.9%"
],
[
"SMALL/MICRO",
"$21M",
"$23M",
"11.4%"
],
[
"USDA",
"$9M",
"$10M",
"9.5%"
],
[
"WORKING CAPITAL",
"$38M",
"$39M",
"1.2%"
]
],
"cell_boxes": [
[
{
"left": 0.52339,
"top": 0.50018,
"right": 0.96002,
"bottom": 0.53576
},
null,
null,
null
],
[
{
"left": 0.52342,
"top": 0.53574,
"right": 0.65829,
"bottom": 0.59324
},
{
"left": 0.65825,
"top": 0.53572,
"right": 0.75764,
"bottom": 0.59322
},
{
"left": 0.75763,
"top": 0.5357,
"right": 0.85724,
"bottom": 0.5932
},
{
"left": 0.85723,
"top": 0.53568,
"right": 0.95979,
"bottom": 0.59319
}
],
[
{
"left": 0.52348,
"top": 0.59322,
"right": 0.65825,
"bottom": 0.67161
},
{
"left": 0.65819,
"top": 0.5932,
"right": 0.75763,
"bottom": 0.67162
},
{
"left": 0.75761,
"top": 0.59319,
"right": 0.85723,
"bottom": 0.67162
},
{
"left": 0.85721,
"top": 0.59317,
"right": 0.95942,
"bottom": 0.67163
}
],
[
{
"left": 0.52356,
"top": 0.67161,
"right": 0.65819,
"bottom": 0.75009
},
{
"left": 0.65813,
"top": 0.67161,
"right": 0.75761,
"bottom": 0.7501
},
{
"left": 0.75759,
"top": 0.67162,
"right": 0.85721,
"bottom": 0.7501
},
{
"left": 0.85719,
"top": 0.67162,
"right": 0.95891,
"bottom": 0.75011
}
],
[
{
"left": 0.52365,
"top": 0.75008,
"right": 0.65813,
"bottom": 0.82861
},
{
"left": 0.65807,
"top": 0.75009,
"right": 0.75759,
"bottom": 0.82861
},
{
"left": 0.75758,
"top": 0.7501,
"right": 0.85719,
"bottom": 0.82861
},
{
"left": 0.85718,
"top": 0.7501,
"right": 0.95841,
"bottom": 0.82861
}
],
[
{
"left": 0.52373,
"top": 0.82861,
"right": 0.65807,
"bottom": 0.90702
},
{
"left": 0.658,
"top": 0.82861,
"right": 0.75758,
"bottom": 0.90707
},
{
"left": 0.75756,
"top": 0.82861,
"right": 0.85718,
"bottom": 0.90712
},
{
"left": 0.85716,
"top": 0.82861,
"right": 0.9579,
"bottom": 0.90716
}
]
],
"box": {
"left": 0.5163,
"top": 0.49349,
"right": 0.96551,
"bottom": 0.91581
},
"chunk_id": "table-1",
"job_id": "parse-01m1xzg26wm90xrmn96jjyf844",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 9,
"kind": "text",
"text": "Small Business Lending Portfolio Review*\n",
"box": {
"left": 0.04005,
"top": 0.06952,
"right": 0.61512,
"bottom": 0.12292
},
"chunk_id": "text-0"
},
{
"page": 9,
"kind": "logo",
"text": "[DOT_PATTERN_LOGO]\nREADY CAPITAL®\n",
"box": {
"left": 0.747,
"top": 0.04462,
"right": 0.96673,
"bottom": 0.1142
},
"chunk_id": "logo-0"
},
{
"page": 9,
"kind": "text",
"text": "*Includes assets offset by guaranteed loan financing liabilities of $502 million.\n**Purchased as part of the Funding Circle acquisition. 57% 60+ days delinquent at the time of purchase.\n",
"box": {
"left": 0.05111,
"top": 0.93377,
"right": 0.64045,
"bottom": 0.98395
},
"chunk_id": "text-1"
},
{
"page": 9,
"kind": "marginalia",
"text": "9\n",
"box": {
"left": 0.93337,
"top": 0.95239,
"right": 0.94995,
"bottom": 0.97539
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 10,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzg29sdqp9e1xntat6tpyq",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.9,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p10.ade.json",
"figures": [
{
"page": 10,
"text": "A stacked bar chart titled with no specific text, showing financial values across five quarters: Q1'25, Q2'25, Q3'25, Q4'25, and Q1'26. The Y-axis represents numerical values from 0 to 600. The bars are segmented by color, corresponding to the legend at the bottom: Bridge (orange), Bridge Off-Balance Sheet (grey), Construction (dark red), Freddie Mac (green), SBA (yellow), USDA (dark blue), and Working Capital (light pink). Each segment is labeled with its corresponding dollar value in millions.\n\n| Category | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 |\n| --- | --- | --- | --- | --- | --- |\n| Bridge | 28.9 | - | - | 89.4 | - |\n| Bridge Off-Balance Sheet | - | - | - | - | 171.7 |\n| Construction | 39.1 | - | 58.0 | - | - |\n| Freddie Mac | 10.7 | 173.4 | 81.2 | 145.4 | 115.9 |\n| SBA | 343.3 | 216.1 | 173.5 | 84.4 | 110.0 |\n| USDA | 2.7 | 96.5 | 67.3 | 18.4 | 28.5 |\n| Working Capital | 41.4 | 46.1 | 41.9 | 37.0 | 38.2 |\n| Total Value | 466.1M | 532.2M | 421.9M | 374.6M | 464.3M |",
"box": {
"left": 0.04874,
"top": 0.15548,
"right": 0.9497,
"bottom": 0.92304
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzg29sdqp9e1xntat6tpyq",
"picture_ref": "#/pictures/29"
}
],
"tables": [],
"context": [
{
"page": 10,
"kind": "text",
"text": "Quarterly Investment Activity 4\n",
"box": {
"left": 0.04075,
"top": 0.0632,
"right": 0.4469,
"bottom": 0.12684
},
"chunk_id": "text-0"
},
{
"page": 10,
"kind": "logo",
"text": "[ORANGE_DOTTED_SHAPE]\nREADY CAPITAL®\n",
"box": {
"left": 0.74635,
"top": 0.04336,
"right": 0.96722,
"bottom": 0.11607
},
"chunk_id": "logo-0"
},
{
"page": 10,
"kind": "marginalia",
"text": "10\n",
"box": {
"left": 0.92958,
"top": 0.95219,
"right": 0.94926,
"bottom": 0.97576
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 11,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzg29ga7baf18epfcht8sq",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.4,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p11.ade.json",
"figures": [],
"tables": [
{
"page": 11,
"cells": [
[
"",
"Balance (in thousands)",
"Annualized ROE Contribution",
""
],
[
"Recurring Revenue:",
"",
"",
"Gain on sale, net of variable costs:
SBA 7(a): $5M
USDA: $2M
Business Loans: $2M
Freddie Mac: $3M
LMM Loans: $1M"
],
[
"Net interest loss",
"$ (11,709)",
"(3.4)%",
""
],
[
"Gain on sale, net of variable costs",
"12,519",
"3.7%",
""
],
[
"Other recurring revenue",
"15,369",
"4.5%",
""
],
[
"Total recurring revenue",
"$ 16,179",
"4.8%",
""
],
[
"Operating Expenses:",
"",
"",
"Servicing Income: $6M
Income from Unconsolidated JV's: $2M
Realized gains on REO sales: $2M
Realized gains on MBS sales: $3M
Other Income: $2M"
],
[
"Employee compensation & benefits",
"(23,946)",
"(7.0)%",
""
],
[
"Fixed operating costs",
"(18,384)",
"(5.4)%",
""
],
[
"Servicing expenses",
"(15,406)",
"(4.5)%",
""
],
[
"Portland mixed-use asset",
"(6,069)",
"(1.8)%",
"Professional Fees: $(6)M
Technology Expense: $(4)M
Depreciation and amortization: $(2)M
Rent and property tax exp: $(1)M
Other operating expenses: $(5)M"
],
[
"Investment advisory fees",
"(4,076)",
"(1.2)%",
""
],
[
"Tax",
"156",
"-%",
""
],
[
"Total operating costs and tax",
"$ (67,725)",
"(19.9)%",
""
],
[
"Net loss from normal operations, net of tax",
"$ (51,546)",
"(15.1)%",
""
],
[
"Other Items included in Earnings:",
"",
"",
"Primary/Special Servicing Fees: $(8)M
Advances: $(7)M"
],
[
"Realized losses",
"$(75,285)",
"(22.0)%",
""
],
[
"Charge off of specific loan loss reserve",
"(44,235)",
"(12.9)%",
"Net operating income (loss): $(3)M
Interest expense: $(3)M"
],
[
"CECL & valuation allowances",
"(32,760)",
"(9.6)%",
""
],
[
"Mark-to-market",
"(8,629)",
"(2.5)%",
""
],
[
"Non-cash compensation",
"(1,479)",
"(0.4)%",
""
],
[
"Bargain purchase gain adj net of costs",
"(335)",
"(0.1)%",
"Ritz Depreciation: $(2)M"
],
[
"Other income (expenses)",
"(2,336)",
"(0.7)%",
""
],
[
"Tax",
"16,518",
"4.8%",
""
],
[
"Dividends on preferred stock",
"(1,999)",
"(0.6)%",
""
],
[
"Total other items included in earnings",
"$ (150,540)",
"(44.0)%",
""
],
[
"Net loss including dividends on preferred stock",
"$ (202,086)",
"(59.1)%",
""
]
],
"cell_boxes": [
[
{
"left": 0.04197,
"top": 0.16019,
"right": 0.36258,
"bottom": 0.22318
},
{
"left": 0.36247,
"top": 0.16016,
"right": 0.45492,
"bottom": 0.22302
},
{
"left": 0.45488,
"top": 0.16013,
"right": 0.55802,
"bottom": 0.22298
},
{
"left": 0.55778,
"top": 0.16006,
"right": 0.81125,
"bottom": 0.22293
}
],
[
{
"left": 0.04199,
"top": 0.22293,
"right": 0.55778,
"bottom": 0.24848
},
null,
null,
{
"left": 0.55732,
"top": 0.22281,
"right": 0.81125,
"bottom": 0.34642
}
],
[
{
"left": 0.042,
"top": 0.24826,
"right": 0.36266,
"bottom": 0.27468
},
{
"left": 0.36262,
"top": 0.2482,
"right": 0.45495,
"bottom": 0.27452
},
{
"left": 0.45493,
"top": 0.24813,
"right": 0.55769,
"bottom": 0.27448
},
null
],
[
{
"left": 0.042,
"top": 0.27452,
"right": 0.36269,
"bottom": 0.29646
},
{
"left": 0.36266,
"top": 0.27448,
"right": 0.45496,
"bottom": 0.29623
},
{
"left": 0.45495,
"top": 0.27442,
"right": 0.55759,
"bottom": 0.29616
},
null
],
[
{
"left": 0.04201,
"top": 0.29623,
"right": 0.36273,
"bottom": 0.32157
},
{
"left": 0.36269,
"top": 0.29616,
"right": 0.45498,
"bottom": 0.3216
},
{
"left": 0.45496,
"top": 0.29609,
"right": 0.55751,
"bottom": 0.32164
},
null
],
[
{
"left": 0.04201,
"top": 0.32145,
"right": 0.36277,
"bottom": 0.34649
},
{
"left": 0.36273,
"top": 0.32157,
"right": 0.45499,
"bottom": 0.34645
},
{
"left": 0.45498,
"top": 0.3216,
"right": 0.55741,
"bottom": 0.34644
},
null
],
[
{
"left": 0.04202,
"top": 0.34642,
"right": 0.55732,
"bottom": 0.38281
},
null,
null,
{
"left": 0.55699,
"top": 0.34639,
"right": 0.81123,
"bottom": 0.43309
}
],
[
{
"left": 0.04203,
"top": 0.3827,
"right": 0.36287,
"bottom": 0.40811
},
{
"left": 0.36283,
"top": 0.38277,
"right": 0.45503,
"bottom": 0.40814
},
{
"left": 0.45501,
"top": 0.38279,
"right": 0.55718,
"bottom": 0.40818
},
null
],
[
{
"left": 0.04204,
"top": 0.40798,
"right": 0.36291,
"bottom": 0.43291
},
{
"left": 0.36287,
"top": 0.40811,
"right": 0.45504,
"bottom": 0.43295
},
{
"left": 0.45503,
"top": 0.40814,
"right": 0.55709,
"bottom": 0.43299
},
null
],
[
{
"left": 0.04204,
"top": 0.43279,
"right": 0.36295,
"bottom": 0.45747
},
{
"left": 0.36291,
"top": 0.43291,
"right": 0.45506,
"bottom": 0.45732
},
{
"left": 0.45504,
"top": 0.43295,
"right": 0.55699,
"bottom": 0.45728
},
{
"left": 0.5569,
"top": 0.43299,
"right": 0.81122,
"bottom": 0.45723
}
],
[
{
"left": 0.04205,
"top": 0.45732,
"right": 0.36299,
"bottom": 0.48201
},
{
"left": 0.36295,
"top": 0.45728,
"right": 0.45507,
"bottom": 0.48184
},
{
"left": 0.45506,
"top": 0.45723,
"right": 0.5569,
"bottom": 0.48179
},
{
"left": 0.5565,
"top": 0.45712,
"right": 0.81122,
"bottom": 0.56462
}
],
[
{
"left": 0.04205,
"top": 0.48184,
"right": 0.36302,
"bottom": 0.50426
},
{
"left": 0.36299,
"top": 0.48179,
"right": 0.45508,
"bottom": 0.50407
},
{
"left": 0.45507,
"top": 0.48174,
"right": 0.55681,
"bottom": 0.50402
},
null
],
[
{
"left": 0.04206,
"top": 0.50407,
"right": 0.36306,
"bottom": 0.52862
},
{
"left": 0.36302,
"top": 0.50402,
"right": 0.4551,
"bottom": 0.52845
},
{
"left": 0.45508,
"top": 0.50396,
"right": 0.55673,
"bottom": 0.5284
},
null
],
[
{
"left": 0.04207,
"top": 0.52845,
"right": 0.36312,
"bottom": 0.56423
},
{
"left": 0.36306,
"top": 0.5284,
"right": 0.45512,
"bottom": 0.56431
},
{
"left": 0.4551,
"top": 0.52834,
"right": 0.55664,
"bottom": 0.5644
},
null
],
[
{
"left": 0.04208,
"top": 0.56395,
"right": 0.36316,
"bottom": 0.58865
},
{
"left": 0.36312,
"top": 0.56423,
"right": 0.45513,
"bottom": 0.58864
},
{
"left": 0.45512,
"top": 0.56431,
"right": 0.5565,
"bottom": 0.58864
},
{
"left": 0.55641,
"top": 0.5644,
"right": 0.8112,
"bottom": 0.58863
}
],
[
{
"left": 0.04208,
"top": 0.58863,
"right": 0.55641,
"bottom": 0.63028
},
null,
null,
{
"left": 0.55626,
"top": 0.58862,
"right": 0.8112,
"bottom": 0.63072
}
],
[
{
"left": 0.04209,
"top": 0.62939,
"right": 0.36325,
"bottom": 0.64803
},
{
"left": 0.36322,
"top": 0.62995,
"right": 0.45517,
"bottom": 0.64811
},
{
"left": 0.45516,
"top": 0.63011,
"right": 0.55626,
"bottom": 0.64821
},
{
"left": 0.55619,
"top": 0.63028,
"right": 0.81119,
"bottom": 0.64844
}
],
[
{
"left": 0.0421,
"top": 0.64774,
"right": 0.3633,
"bottom": 0.67587
},
{
"left": 0.36325,
"top": 0.64803,
"right": 0.45519,
"bottom": 0.67595
},
{
"left": 0.45517,
"top": 0.64811,
"right": 0.55619,
"bottom": 0.67604
},
{
"left": 0.55591,
"top": 0.64821,
"right": 0.81119,
"bottom": 0.72305
}
],
[
{
"left": 0.0421,
"top": 0.67559,
"right": 0.36333,
"bottom": 0.69852
},
{
"left": 0.3633,
"top": 0.67587,
"right": 0.4552,
"bottom": 0.69859
},
{
"left": 0.45519,
"top": 0.67595,
"right": 0.55608,
"bottom": 0.69867
},
null
],
[
{
"left": 0.04211,
"top": 0.69828,
"right": 0.36337,
"bottom": 0.72289
},
{
"left": 0.36333,
"top": 0.69852,
"right": 0.45521,
"bottom": 0.72292
},
{
"left": 0.4552,
"top": 0.69859,
"right": 0.556,
"bottom": 0.72296
},
null
],
[
{
"left": 0.04211,
"top": 0.72278,
"right": 0.36341,
"bottom": 0.74807
},
{
"left": 0.36337,
"top": 0.72289,
"right": 0.45523,
"bottom": 0.7481
},
{
"left": 0.45521,
"top": 0.72292,
"right": 0.55591,
"bottom": 0.74813
},
{
"left": 0.55581,
"top": 0.72296,
"right": 0.81118,
"bottom": 0.74821
}
],
[
{
"left": 0.04212,
"top": 0.74797,
"right": 0.36345,
"bottom": 0.77444
},
{
"left": 0.36341,
"top": 0.74807,
"right": 0.45524,
"bottom": 0.77367
},
{
"left": 0.45523,
"top": 0.7481,
"right": 0.55581,
"bottom": 0.77345
},
{
"left": 0.55554,
"top": 0.74813,
"right": 0.81118,
"bottom": 0.82131
}
],
[
{
"left": 0.04213,
"top": 0.77367,
"right": 0.36349,
"bottom": 0.79851
},
{
"left": 0.36345,
"top": 0.77345,
"right": 0.45526,
"bottom": 0.79866
},
{
"left": 0.45524,
"top": 0.77321,
"right": 0.55572,
"bottom": 0.79882
},
null
],
[
{
"left": 0.04213,
"top": 0.79799,
"right": 0.36353,
"bottom": 0.82102
},
{
"left": 0.36349,
"top": 0.79851,
"right": 0.45527,
"bottom": 0.82108
},
{
"left": 0.45526,
"top": 0.79866,
"right": 0.55562,
"bottom": 0.82115
},
null
],
[
{
"left": 0.04214,
"top": 0.82082,
"right": 0.36357,
"bottom": 0.84482
},
{
"left": 0.36353,
"top": 0.82102,
"right": 0.45529,
"bottom": 0.84483
},
{
"left": 0.45527,
"top": 0.82108,
"right": 0.55554,
"bottom": 0.84483
},
{
"left": 0.55545,
"top": 0.82115,
"right": 0.81117,
"bottom": 0.84484
}
],
[
{
"left": 0.04215,
"top": 0.84481,
"right": 0.36362,
"bottom": 0.88038
},
{
"left": 0.36357,
"top": 0.84482,
"right": 0.45531,
"bottom": 0.88039
},
{
"left": 0.45529,
"top": 0.84483,
"right": 0.55545,
"bottom": 0.88041
},
{
"left": 0.55532,
"top": 0.84483,
"right": 0.81117,
"bottom": 0.88044
}
],
[
{
"left": 0.04215,
"top": 0.88034,
"right": 0.36369,
"bottom": 0.92387
},
{
"left": 0.36362,
"top": 0.88038,
"right": 0.45533,
"bottom": 0.92385
},
{
"left": 0.45531,
"top": 0.88039,
"right": 0.55532,
"bottom": 0.92384
},
{
"left": 0.55516,
"top": 0.88041,
"right": 0.81116,
"bottom": 0.92383
}
]
],
"box": {
"left": 0.03527,
"top": 0.15735,
"right": 0.81721,
"bottom": 0.93377
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzg29ga7baf18epfcht8sq",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 11,
"kind": "text",
"text": "Earnings Profile\n",
"box": {
"left": 0.04158,
"top": 0.06986,
"right": 0.26714,
"bottom": 0.12415
},
"chunk_id": "text-0"
},
{
"page": 11,
"kind": "marginalia",
"text": "11\n",
"box": {
"left": 0.93136,
"top": 0.95275,
"right": 0.94711,
"bottom": 0.97462
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 12,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzg4aa70nkq0r075h9bnbf",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.9,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p12.ade.json",
"figures": [],
"tables": [
{
"page": 12,
"cells": [
[
"",
"LMM
CORE",
"CRE
NON-CORE &
REO",
"SMALL
BUSINESS
LENDING",
"CORPORATE
& OTHER",
"TOTAL"
],
[
"AVERAGE TOTAL ASSETS
($ / %)",
"$4.5B / 69%",
"$0.8B / 12%",
"$0.8B / 12%",
"$0.5B / 7%",
"$6.6B / 100%"
],
[
"EQUITY ALLOCATION<sup>17</sup>",
"66%",
"21%",
"13%",
"N/A",
"100%"
],
[
"EPS CONTRIBUTION",
"$(0.89)",
"$(0.09)",
"$(0.03)",
"$(0.24)",
"$(1.25)"
],
[
"DISTRIBUTABLE EPS
BEFORE REALIZED
LOSSES<sup>3</sup>",
"$(0.02)",
"$(0.07)",
"$(0.01)",
"$(0.23)",
"$(0.33)"
],
[
"DISTRIBUTABLE RETURN BEFORE REALIZED LOSSES<sup>9</sup>",
"(1.1)%",
"(3.5)%",
"(0.5)%",
"(9.9)%",
"(15.0)%"
],
[
"DISTRIBUTABLE RETURN BEFORE REALIZED LOSSES<sup>9</sup> ON ALLOCATED EQUITY",
"(1.0)%",
"(9.7)%",
"(2.0)%",
"N/A",
"(15.0)%"
],
[
"RECURRING REVENUE",
"$26.0M",
"$(6.0)M",
"$21.0M",
"$(24.8)M",
"$16.2M"
],
[
"OPERATING EXPENSES",
"$(31.5)M",
"$(2.7)M",
"$(22.7)M",
"$(10.8)M",
"$(67.7)M"
]
],
"cell_boxes": [
[
{
"left": 0.04108,
"top": 0.14845,
"right": 0.26752,
"bottom": 0.23269
},
{
"left": 0.26741,
"top": 0.14848,
"right": 0.39598,
"bottom": 0.23248
},
{
"left": 0.39587,
"top": 0.1485,
"right": 0.53133,
"bottom": 0.23237
},
{
"left": 0.53126,
"top": 0.14851,
"right": 0.67188,
"bottom": 0.23224
},
{
"left": 0.67181,
"top": 0.14853,
"right": 0.80966,
"bottom": 0.23211
},
{
"left": 0.8096,
"top": 0.14854,
"right": 0.94508,
"bottom": 0.23199
}
],
[
{
"left": 0.04118,
"top": 0.23248,
"right": 0.2676,
"bottom": 0.29536
},
{
"left": 0.26752,
"top": 0.23237,
"right": 0.39607,
"bottom": 0.29537
},
{
"left": 0.39598,
"top": 0.23224,
"right": 0.53139,
"bottom": 0.29537
},
{
"left": 0.53133,
"top": 0.23211,
"right": 0.67194,
"bottom": 0.29537
},
{
"left": 0.67188,
"top": 0.23199,
"right": 0.80971,
"bottom": 0.29538
},
{
"left": 0.80966,
"top": 0.23186,
"right": 0.94506,
"bottom": 0.29538
}
],
[
{
"left": 0.04126,
"top": 0.29536,
"right": 0.26769,
"bottom": 0.3711
},
{
"left": 0.2676,
"top": 0.29536,
"right": 0.39617,
"bottom": 0.37112
},
{
"left": 0.39607,
"top": 0.29537,
"right": 0.53145,
"bottom": 0.37114
},
{
"left": 0.53139,
"top": 0.29537,
"right": 0.67201,
"bottom": 0.37115
},
{
"left": 0.67194,
"top": 0.29537,
"right": 0.80977,
"bottom": 0.37117
},
{
"left": 0.80971,
"top": 0.29538,
"right": 0.94505,
"bottom": 0.37118
}
],
[
{
"left": 0.04135,
"top": 0.37108,
"right": 0.26779,
"bottom": 0.44964
},
{
"left": 0.26769,
"top": 0.3711,
"right": 0.39627,
"bottom": 0.44968
},
{
"left": 0.39617,
"top": 0.37112,
"right": 0.53152,
"bottom": 0.44971
},
{
"left": 0.53145,
"top": 0.37114,
"right": 0.67207,
"bottom": 0.44976
},
{
"left": 0.67201,
"top": 0.37115,
"right": 0.80983,
"bottom": 0.4498
},
{
"left": 0.80977,
"top": 0.37117,
"right": 0.94504,
"bottom": 0.44984
}
],
[
{
"left": 0.04144,
"top": 0.44957,
"right": 0.26792,
"bottom": 0.55134
},
{
"left": 0.26779,
"top": 0.44964,
"right": 0.39641,
"bottom": 0.55146
},
{
"left": 0.39627,
"top": 0.44968,
"right": 0.53161,
"bottom": 0.55158
},
{
"left": 0.53152,
"top": 0.44971,
"right": 0.67216,
"bottom": 0.55171
},
{
"left": 0.67207,
"top": 0.44976,
"right": 0.8099,
"bottom": 0.55183
},
{
"left": 0.80983,
"top": 0.4498,
"right": 0.94502,
"bottom": 0.55196
}
],
[
{
"left": 0.04156,
"top": 0.55114,
"right": 0.26806,
"bottom": 0.66852
},
{
"left": 0.26792,
"top": 0.55134,
"right": 0.39656,
"bottom": 0.66861
},
{
"left": 0.39641,
"top": 0.55146,
"right": 0.53171,
"bottom": 0.66871
},
{
"left": 0.53161,
"top": 0.55158,
"right": 0.67227,
"bottom": 0.66882
},
{
"left": 0.67216,
"top": 0.55171,
"right": 0.80999,
"bottom": 0.66892
},
{
"left": 0.8099,
"top": 0.55183,
"right": 0.945,
"bottom": 0.66902
}
],
[
{
"left": 0.0417,
"top": 0.66835,
"right": 0.26822,
"bottom": 0.79166
},
{
"left": 0.26806,
"top": 0.66852,
"right": 0.39673,
"bottom": 0.79172
},
{
"left": 0.39656,
"top": 0.66861,
"right": 0.53181,
"bottom": 0.79178
},
{
"left": 0.53171,
"top": 0.66871,
"right": 0.67237,
"bottom": 0.79185
},
{
"left": 0.67227,
"top": 0.66882,
"right": 0.81009,
"bottom": 0.79191
},
{
"left": 0.80999,
"top": 0.66892,
"right": 0.94498,
"bottom": 0.79197
}
],
[
{
"left": 0.04185,
"top": 0.79156,
"right": 0.26831,
"bottom": 0.86685
},
{
"left": 0.26822,
"top": 0.79166,
"right": 0.39683,
"bottom": 0.8669
},
{
"left": 0.39673,
"top": 0.79172,
"right": 0.53188,
"bottom": 0.86695
},
{
"left": 0.53181,
"top": 0.79178,
"right": 0.67244,
"bottom": 0.86701
},
{
"left": 0.67237,
"top": 0.79185,
"right": 0.81014,
"bottom": 0.86707
},
{
"left": 0.81009,
"top": 0.79191,
"right": 0.94495,
"bottom": 0.86712
}
],
[
{
"left": 0.04194,
"top": 0.86676,
"right": 0.26839,
"bottom": 0.93047
},
{
"left": 0.26831,
"top": 0.86685,
"right": 0.39691,
"bottom": 0.93056
},
{
"left": 0.39683,
"top": 0.8669,
"right": 0.53193,
"bottom": 0.93065
},
{
"left": 0.53188,
"top": 0.86695,
"right": 0.67249,
"bottom": 0.93075
},
{
"left": 0.67244,
"top": 0.86701,
"right": 0.81019,
"bottom": 0.93085
},
{
"left": 0.81014,
"top": 0.86707,
"right": 0.94494,
"bottom": 0.93094
}
]
],
"box": {
"left": 0.03569,
"top": 0.1399,
"right": 0.95055,
"bottom": 0.93883
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzg4aa70nkq0r075h9bnbf",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 12,
"kind": "text",
"text": "Operating Segment Contribution16\n",
"box": {
"left": 0.04066,
"top": 0.07033,
"right": 0.49957,
"bottom": 0.12493
},
"chunk_id": "text-0"
},
{
"page": 12,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN_HEXAGON]\nREADY CAPITAL®\n",
"box": {
"left": 0.74642,
"top": 0.04345,
"right": 0.96755,
"bottom": 0.11503
},
"chunk_id": "logo-0"
},
{
"page": 12,
"kind": "marginalia",
"text": "12\n",
"box": {
"left": 0.92909,
"top": 0.95258,
"right": 0.94962,
"bottom": 0.97515
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 13,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzgaqamwh9thf30rsy4qk1",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.8,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p13.ade.json",
"figures": [
{
"page": 13,
"text": "A waterfall chart showing the transition of GAAP BVPS from Q4'25 to Q1'26. The chart starts with a solid orange bar at $8.79 representing Q4'25 GAAP BVPS. It then shows a series of descending light orange floating bars representing deductions: CECL and Valuation Allowance ($(0.47)), Losses from loan sales ($(0.42)), Losses from operations ($(0.36)), and Other ($(0.11)). The chart concludes with a solid orange bar at $7.43 representing Q1'26 GAAP BVPS.\n\n| Category | Value |\n| --- | --- |\n| Q4'25 GAAP BVPS | $8.79 |\n| CECL and Valuation Allowance | $(0.47) |\n| Losses from loan sales | $(0.42) |\n| Losses from operations | $(0.36) |\n| Other | $(0.11) |\n| Q1'26 GAAP BVPS | $7.43 |",
"box": {
"left": 0.10185,
"top": 0.20245,
"right": 0.86457,
"bottom": 0.7878
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzgaqamwh9thf30rsy4qk1",
"picture_ref": "#/pictures/33"
}
],
"tables": [],
"context": [
{
"page": 13,
"kind": "text",
"text": "Book Value per Share\n",
"box": {
"left": 0.03954,
"top": 0.06789,
"right": 0.3498,
"bottom": 0.12413
},
"chunk_id": "text-0"
},
{
"page": 13,
"kind": "logo",
"text": "[ORANGE_DOTTED_HEXAGON_ICON]\nREADY CAPITAL®\n",
"box": {
"left": 0.74606,
"top": 0.04425,
"right": 0.96747,
"bottom": 0.11544
},
"chunk_id": "logo-0"
},
{
"page": 13,
"kind": "marginalia",
"text": "13\n",
"box": {
"left": 0.93012,
"top": 0.95247,
"right": 0.94875,
"bottom": 0.97517
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 14,
"status": "figures",
"reason": "",
"picture_classes": [
"bar_chart",
"pie_chart"
],
"table_refs": [],
"job_id": "parse-01m1xzgarj5p8rtwfy35x52q85",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.1,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p14.ade.json",
"figures": [
{
"page": 14,
"text": "The figure presents a stacked bar chart comparing Debt Balance ($ in millions) and Leverage Ratio across five categories of debt. The chart consists of two parallel vertical bars, each segmented into five color-coded blocks representing different debt types: PPPLF (yellow), Securitized Debt Obligations (green), Non-Recourse Secured Borrowings (red), Recourse Secured Borrowings (dark blue), and Corporate Debt (orange). A red dashed box surrounds the bottom two categories: Recourse Secured Borrowings and Corporate Debt.\n\n| Category | Debt Balance ($ in millions) | Leverage Ratio |\n| --- | --- | --- |\n| PPPLF | $4 | 0.0x |\n| Securitized Debt Obligations | $527 | 0.4x |\n| Non-Recourse Secured Borrowings | $1,128 | 0.8x |\n| Recourse Secured Borrowings | $1,193 | 0.9x |\n| Corporate Debt | $1,261 | 0.9x |",
"box": {
"left": 0.04969,
"top": 0.15733,
"right": 0.51223,
"bottom": 0.95081
},
"chunk_id": "figure-0",
"job_id": "parse-01m1xzgarj5p8rtwfy35x52q85",
"picture_ref": "#/pictures/34"
},
{
"page": 14,
"text": "A donut chart illustrating the composition of an unencumbered asset pool totaling $0.7B. The chart is divided into five segments representing different asset classes.\n\n| Category | Percentage |\n| --- | --- |\n| Unrestricted cash | 27% |\n| Loans | 20% |\n| Servicing rights | 17% |\n| REO | 11% |\n| Other Assets | 25% |",
"box": {
"left": 0.51595,
"top": 0.14024,
"right": 0.96829,
"bottom": 0.54678
},
"chunk_id": "figure-1",
"job_id": "parse-01m1xzgarj5p8rtwfy35x52q85",
"picture_ref": "#/pictures/36"
}
],
"tables": [],
"context": [
{
"page": 14,
"kind": "text",
"text": "Capitalization\n",
"box": {
"left": 0.04123,
"top": 0.08214,
"right": 0.23521,
"bottom": 0.134
},
"chunk_id": "text-0"
},
{
"page": 14,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN]\nREADY CAPITAL®\n",
"box": {
"left": 0.74695,
"top": 0.04542,
"right": 0.96646,
"bottom": 0.11444
},
"chunk_id": "logo-0"
},
{
"page": 14,
"kind": "text",
"text": "# HIGHLIGHTS\n\n- **1.4x** unencumbered assets to unsecured debt\n- **$1.9 billion** in available warehouse borrowing capacity across\n13 counterparties\n- Limited usage of securities repo financing at **3.0%** of total debt\n- Full mark-to-market liabilities and credit mark-to-market\nliabilities represent **47%** of total debt\n",
"box": {
"left": 0.51649,
"top": 0.5847,
"right": 0.96908,
"bottom": 0.92269
},
"chunk_id": "text-1"
},
{
"page": 14,
"kind": "marginalia",
"text": "14\n",
"box": {
"left": 0.9296,
"top": 0.94686,
"right": 0.9487,
"bottom": 0.97214
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 15,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgctdx99q5zvj69rcn86g",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.6,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p15.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 15,
"kind": "logo",
"text": "[HEXAGONAL DOT PATTERN]\nREADY CAPITAL®\n",
"box": {
"left": 0.03829,
"top": 0.05807,
"right": 0.25806,
"bottom": 0.12608
},
"chunk_id": "logo-0"
},
{
"page": 15,
"kind": "text",
"text": "APPENDIX\nAdditional Financial\nInformation\n",
"box": {
"left": 0.08719,
"top": 0.37831,
"right": 0.45317,
"bottom": 0.55967
},
"chunk_id": "text-0"
}
]
},
{
"page": 16,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgcw2j6n1r1ngyxwrvxq1",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p16.ade.json",
"figures": [],
"tables": [
{
"page": 16,
"cells": [
[
"CONTRACTUAL STATUS <sup>(5)</sup>",
"",
"",
"",
""
],
[
"CORE",
"Q2'25",
"Q3'25",
"Q4'25",
"Q1'26"
],
[
"CURRENT",
"90.4%",
"90.9%",
"85.2%",
"79.9%"
],
[
"30-59 DAYS PAST DUE",
"5.0%",
"3.2%",
"8.1%",
"5.3%"
],
[
"60+ DAYS PAST DUE",
"4.6%",
"5.9%",
"6.7%",
"14.8%"
],
[
"NON-CORE",
"Q2'25",
"Q3'25",
"Q4'25",
"Q1'26"
],
[
"CURRENT",
"30.0%",
"50.4%",
"22.3%",
"9.6%"
],
[
"30-59 DAYS PAST DUE",
"2.4%",
"3.0%",
"-%",
"-%"
],
[
"60+ DAYS PAST DUE",
"67.6%",
"46.6%",
"77.7%",
"90.4%"
]
],
"cell_boxes": [
[
{
"left": 0.05245,
"top": 0.18375,
"right": 0.40456,
"bottom": 0.2316
},
null,
null,
null,
{
"left": 0.40456,
"top": 0.18382,
"right": 0.48413,
"bottom": 0.2316
}
],
[
{
"left": 0.05245,
"top": 0.2316,
"right": 0.16594,
"bottom": 0.27954
},
{
"left": 0.16594,
"top": 0.2316,
"right": 0.24541,
"bottom": 0.27955
},
{
"left": 0.24541,
"top": 0.2316,
"right": 0.32492,
"bottom": 0.27956
},
{
"left": 0.32491,
"top": 0.2316,
"right": 0.40456,
"bottom": 0.27957
},
{
"left": 0.40456,
"top": 0.2316,
"right": 0.48413,
"bottom": 0.27958
}
],
[
{
"left": 0.05244,
"top": 0.27953,
"right": 0.16594,
"bottom": 0.32737
},
{
"left": 0.16594,
"top": 0.27954,
"right": 0.24541,
"bottom": 0.32737
},
{
"left": 0.24541,
"top": 0.27955,
"right": 0.32492,
"bottom": 0.32737
},
{
"left": 0.32492,
"top": 0.27956,
"right": 0.40456,
"bottom": 0.32737
},
{
"left": 0.40456,
"top": 0.27957,
"right": 0.48412,
"bottom": 0.32736
}
],
[
{
"left": 0.05244,
"top": 0.32737,
"right": 0.16594,
"bottom": 0.37529
},
{
"left": 0.16594,
"top": 0.32737,
"right": 0.24542,
"bottom": 0.37528
},
{
"left": 0.24541,
"top": 0.32737,
"right": 0.32493,
"bottom": 0.37528
},
{
"left": 0.32492,
"top": 0.32736,
"right": 0.40456,
"bottom": 0.37528
},
{
"left": 0.40456,
"top": 0.32736,
"right": 0.48412,
"bottom": 0.37527
}
],
[
{
"left": 0.05243,
"top": 0.37528,
"right": 0.16594,
"bottom": 0.42291
},
{
"left": 0.16594,
"top": 0.37528,
"right": 0.24542,
"bottom": 0.42289
},
{
"left": 0.24542,
"top": 0.37528,
"right": 0.32494,
"bottom": 0.42288
},
{
"left": 0.32493,
"top": 0.37527,
"right": 0.40456,
"bottom": 0.42287
},
{
"left": 0.40455,
"top": 0.37527,
"right": 0.48412,
"bottom": 0.42286
}
],
[
{
"left": 0.05242,
"top": 0.42289,
"right": 0.16595,
"bottom": 0.471
},
{
"left": 0.16594,
"top": 0.42288,
"right": 0.24542,
"bottom": 0.47101
},
{
"left": 0.24542,
"top": 0.42287,
"right": 0.32495,
"bottom": 0.47102
},
{
"left": 0.32494,
"top": 0.42286,
"right": 0.40455,
"bottom": 0.47103
},
{
"left": 0.40455,
"top": 0.42285,
"right": 0.48412,
"bottom": 0.47103
}
],
[
{
"left": 0.05242,
"top": 0.47099,
"right": 0.16595,
"bottom": 0.51879
},
{
"left": 0.16595,
"top": 0.471,
"right": 0.24542,
"bottom": 0.51878
},
{
"left": 0.24542,
"top": 0.47101,
"right": 0.32496,
"bottom": 0.51878
},
{
"left": 0.32495,
"top": 0.47102,
"right": 0.40455,
"bottom": 0.51878
},
{
"left": 0.40455,
"top": 0.47103,
"right": 0.48411,
"bottom": 0.51878
}
],
[
{
"left": 0.05241,
"top": 0.51878,
"right": 0.16595,
"bottom": 0.56661
},
{
"left": 0.16595,
"top": 0.51878,
"right": 0.24542,
"bottom": 0.56661
},
{
"left": 0.24542,
"top": 0.51878,
"right": 0.32497,
"bottom": 0.56661
},
{
"left": 0.32496,
"top": 0.51878,
"right": 0.40455,
"bottom": 0.56661
},
{
"left": 0.40455,
"top": 0.51878,
"right": 0.48411,
"bottom": 0.56661
}
],
[
{
"left": 0.0524,
"top": 0.56661,
"right": 0.16595,
"bottom": 0.61453
},
{
"left": 0.16595,
"top": 0.56661,
"right": 0.24543,
"bottom": 0.6145
},
{
"left": 0.24542,
"top": 0.56661,
"right": 0.32497,
"bottom": 0.61448
},
{
"left": 0.32497,
"top": 0.56661,
"right": 0.40455,
"bottom": 0.61446
},
{
"left": 0.40455,
"top": 0.56661,
"right": 0.48411,
"bottom": 0.61444
}
]
],
"box": {
"left": 0.04778,
"top": 0.17779,
"right": 0.48793,
"bottom": 0.61872
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzgcw2j6n1r1ngyxwrvxq1",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 16,
"cells": [
[
"ACCRUAL STATUS <sup>(5)</sup>",
"",
"",
"",
""
],
[
"CORE",
"Q2’25",
"Q3’25",
"Q4’25",
"Q1’26"
],
[
"ACCRUAL",
"94.8%",
"95.6%",
"76.6%",
"63.7%"
],
[
"NON-ACCRUAL",
"5.2%",
"4.4%",
"23.4%",
"36.3%"
],
[
"NON-CORE",
"Q2’25",
"Q3’25",
"Q4’25",
"Q1’26"
],
[
"ACCRUAL",
"11.6%",
"42.8%",
"-%",
"0.1%"
],
[
"NON-ACCRUAL",
"88.4%",
"57.2%",
"100.0%",
"99.9%"
]
],
"cell_boxes": [
[
{
"left": 0.05258,
"top": 0.62053,
"right": 0.40496,
"bottom": 0.66834
},
null,
null,
null,
{
"left": 0.40495,
"top": 0.62053,
"right": 0.48478,
"bottom": 0.66833
}
],
[
{
"left": 0.05259,
"top": 0.66834,
"right": 0.16626,
"bottom": 0.71601
},
{
"left": 0.16625,
"top": 0.66833,
"right": 0.2457,
"bottom": 0.716
},
{
"left": 0.24568,
"top": 0.66833,
"right": 0.32537,
"bottom": 0.71599
},
{
"left": 0.32536,
"top": 0.66833,
"right": 0.40497,
"bottom": 0.71599
},
{
"left": 0.40496,
"top": 0.66832,
"right": 0.48477,
"bottom": 0.71598
}
],
[
{
"left": 0.05261,
"top": 0.716,
"right": 0.16626,
"bottom": 0.76367
},
{
"left": 0.16626,
"top": 0.71599,
"right": 0.24571,
"bottom": 0.76367
},
{
"left": 0.2457,
"top": 0.71599,
"right": 0.32538,
"bottom": 0.76366
},
{
"left": 0.32537,
"top": 0.71598,
"right": 0.40498,
"bottom": 0.76366
},
{
"left": 0.40497,
"top": 0.71597,
"right": 0.48477,
"bottom": 0.76365
}
],
[
{
"left": 0.05262,
"top": 0.76367,
"right": 0.16627,
"bottom": 0.81132
},
{
"left": 0.16626,
"top": 0.76366,
"right": 0.24573,
"bottom": 0.81132
},
{
"left": 0.24571,
"top": 0.76366,
"right": 0.32538,
"bottom": 0.81132
},
{
"left": 0.32538,
"top": 0.76365,
"right": 0.40499,
"bottom": 0.81132
},
{
"left": 0.40498,
"top": 0.76365,
"right": 0.48476,
"bottom": 0.81132
}
],
[
{
"left": 0.05264,
"top": 0.81131,
"right": 0.16628,
"bottom": 0.85919
},
{
"left": 0.16627,
"top": 0.81132,
"right": 0.24574,
"bottom": 0.8592
},
{
"left": 0.24573,
"top": 0.81132,
"right": 0.32539,
"bottom": 0.8592
},
{
"left": 0.32538,
"top": 0.81132,
"right": 0.40499,
"bottom": 0.85921
},
{
"left": 0.40499,
"top": 0.81132,
"right": 0.48476,
"bottom": 0.85921
}
],
[
{
"left": 0.05265,
"top": 0.85919,
"right": 0.16629,
"bottom": 0.90686
},
{
"left": 0.16628,
"top": 0.85919,
"right": 0.24576,
"bottom": 0.90685
},
{
"left": 0.24574,
"top": 0.8592,
"right": 0.3254,
"bottom": 0.90684
},
{
"left": 0.32539,
"top": 0.8592,
"right": 0.405,
"bottom": 0.90683
},
{
"left": 0.40499,
"top": 0.85921,
"right": 0.48475,
"bottom": 0.90682
}
],
[
{
"left": 0.05267,
"top": 0.90685,
"right": 0.1663,
"bottom": 0.9546
},
{
"left": 0.16629,
"top": 0.90684,
"right": 0.24577,
"bottom": 0.9546
},
{
"left": 0.24576,
"top": 0.90683,
"right": 0.32541,
"bottom": 0.95461
},
{
"left": 0.3254,
"top": 0.90682,
"right": 0.40501,
"bottom": 0.95462
},
{
"left": 0.405,
"top": 0.90681,
"right": 0.48475,
"bottom": 0.95463
}
]
],
"box": {
"left": 0.0471,
"top": 0.61792,
"right": 0.48808,
"bottom": 0.96145
},
"chunk_id": "table-1",
"job_id": "parse-01m1xzgcw2j6n1r1ngyxwrvxq1",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 16,
"cells": [
[
"RISK RATING <sup>(5)</sup>",
"",
"",
"",
""
],
[
"CORE",
"Q2'25",
"Q3'25",
"Q4'25",
"Q1'26"
],
[
"1 & 2",
"56.5%",
"44.0%",
"43.4%",
"43.5%"
],
[
"3",
"38.2%",
"50.5%",
"44.3%",
"33.4%"
],
[
"4",
"1.7%",
"4.1%",
"10.5%",
"11.5%"
],
[
"5",
"3.6%",
"1.4%",
"1.8%",
"11.6%"
],
[
"NON-CORE",
"Q2'25",
"Q3'25",
"Q4'25",
"Q1'26"
],
[
"1 & 2",
"2.4%",
"9.2%",
"10.7%",
"0.1%"
],
[
"3",
"35.8%",
"26.6%",
"6.5%",
"-%"
],
[
"4",
"3.8%",
"13.4%",
"24.8%",
"20.9%"
],
[
"5",
"58.0%",
"50.8%",
"58.0%",
"79.0%"
]
],
"cell_boxes": [
[
{
"left": 0.501,
"top": 0.18348,
"right": 0.85328,
"bottom": 0.23154
},
null,
null,
null,
{
"left": 0.85328,
"top": 0.18346,
"right": 0.94139,
"bottom": 0.23152
}
],
[
{
"left": 0.501,
"top": 0.23153,
"right": 0.58915,
"bottom": 0.30389
},
{
"left": 0.58914,
"top": 0.23153,
"right": 0.67719,
"bottom": 0.30389
},
{
"left": 0.67718,
"top": 0.23152,
"right": 0.76527,
"bottom": 0.30389
},
{
"left": 0.76526,
"top": 0.23152,
"right": 0.85328,
"bottom": 0.3039
},
{
"left": 0.85328,
"top": 0.23151,
"right": 0.94139,
"bottom": 0.3039
}
],
[
{
"left": 0.50099,
"top": 0.30388,
"right": 0.58914,
"bottom": 0.37619
},
{
"left": 0.58913,
"top": 0.30389,
"right": 0.67718,
"bottom": 0.37619
},
{
"left": 0.67717,
"top": 0.30389,
"right": 0.76526,
"bottom": 0.37619
},
{
"left": 0.76525,
"top": 0.30389,
"right": 0.85328,
"bottom": 0.37619
},
{
"left": 0.85328,
"top": 0.3039,
"right": 0.9414,
"bottom": 0.37619
}
],
[
{
"left": 0.50098,
"top": 0.37619,
"right": 0.58913,
"bottom": 0.44853
},
{
"left": 0.58912,
"top": 0.37619,
"right": 0.67717,
"bottom": 0.44853
},
{
"left": 0.67717,
"top": 0.37619,
"right": 0.76525,
"bottom": 0.44853
},
{
"left": 0.76524,
"top": 0.37619,
"right": 0.85328,
"bottom": 0.44853
},
{
"left": 0.85328,
"top": 0.37619,
"right": 0.9414,
"bottom": 0.44853
}
],
[
{
"left": 0.50097,
"top": 0.44853,
"right": 0.58912,
"bottom": 0.52097
},
{
"left": 0.58911,
"top": 0.44853,
"right": 0.67717,
"bottom": 0.52096
},
{
"left": 0.67716,
"top": 0.44853,
"right": 0.76524,
"bottom": 0.52095
},
{
"left": 0.76523,
"top": 0.44853,
"right": 0.85328,
"bottom": 0.52093
},
{
"left": 0.85327,
"top": 0.44853,
"right": 0.94141,
"bottom": 0.52092
}
],
[
{
"left": 0.50097,
"top": 0.52096,
"right": 0.58911,
"bottom": 0.59334
},
{
"left": 0.5891,
"top": 0.52095,
"right": 0.67716,
"bottom": 0.59334
},
{
"left": 0.67715,
"top": 0.52093,
"right": 0.76523,
"bottom": 0.59335
},
{
"left": 0.76522,
"top": 0.52092,
"right": 0.85327,
"bottom": 0.59335
},
{
"left": 0.85327,
"top": 0.52091,
"right": 0.94141,
"bottom": 0.59336
}
],
[
{
"left": 0.50096,
"top": 0.59333,
"right": 0.5891,
"bottom": 0.66583
},
{
"left": 0.58909,
"top": 0.59334,
"right": 0.67715,
"bottom": 0.66586
},
{
"left": 0.67715,
"top": 0.59334,
"right": 0.76522,
"bottom": 0.66589
},
{
"left": 0.7652,
"top": 0.59335,
"right": 0.85327,
"bottom": 0.66592
},
{
"left": 0.85327,
"top": 0.59335,
"right": 0.94142,
"bottom": 0.66595
}
],
[
{
"left": 0.50095,
"top": 0.6658,
"right": 0.58909,
"bottom": 0.73801
},
{
"left": 0.58908,
"top": 0.66583,
"right": 0.67715,
"bottom": 0.73802
},
{
"left": 0.67714,
"top": 0.66586,
"right": 0.7652,
"bottom": 0.73803
},
{
"left": 0.76519,
"top": 0.66589,
"right": 0.85327,
"bottom": 0.73803
},
{
"left": 0.85327,
"top": 0.66592,
"right": 0.94142,
"bottom": 0.73804
}
],
[
{
"left": 0.50094,
"top": 0.738,
"right": 0.58908,
"bottom": 0.81039
},
{
"left": 0.58907,
"top": 0.73801,
"right": 0.67714,
"bottom": 0.8104
},
{
"left": 0.67713,
"top": 0.73802,
"right": 0.76519,
"bottom": 0.81041
},
{
"left": 0.76518,
"top": 0.73803,
"right": 0.85327,
"bottom": 0.81042
},
{
"left": 0.85327,
"top": 0.73803,
"right": 0.94143,
"bottom": 0.81043
}
],
[
{
"left": 0.50093,
"top": 0.81038,
"right": 0.58907,
"bottom": 0.88274
},
{
"left": 0.58906,
"top": 0.81039,
"right": 0.67713,
"bottom": 0.88275
},
{
"left": 0.67713,
"top": 0.8104,
"right": 0.76518,
"bottom": 0.88276
},
{
"left": 0.76517,
"top": 0.81041,
"right": 0.85327,
"bottom": 0.88276
},
{
"left": 0.85327,
"top": 0.81042,
"right": 0.94143,
"bottom": 0.88277
}
],
[
{
"left": 0.50093,
"top": 0.88273,
"right": 0.58906,
"bottom": 0.95477
},
{
"left": 0.58905,
"top": 0.88274,
"right": 0.67713,
"bottom": 0.95486
},
{
"left": 0.67712,
"top": 0.88275,
"right": 0.76517,
"bottom": 0.95495
},
{
"left": 0.76516,
"top": 0.88276,
"right": 0.85327,
"bottom": 0.95504
},
{
"left": 0.85327,
"top": 0.88276,
"right": 0.94144,
"bottom": 0.95514
}
]
],
"box": {
"left": 0.49552,
"top": 0.17839,
"right": 0.94669,
"bottom": 0.95912
},
"chunk_id": "table-2",
"job_id": "parse-01m1xzgcw2j6n1r1ngyxwrvxq1",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 16,
"kind": "text",
"text": "LMM CRE Loan Portfolio - Migration\n",
"box": {
"left": 0.04,
"top": 0.06774,
"right": 0.54081,
"bottom": 0.12446
},
"chunk_id": "text-0"
},
{
"page": 16,
"kind": "logo",
"text": "[ORANGE_DOT_HEXAGONAL_PATTERN]\nREADY CAPITAL®\n",
"box": {
"left": 0.74607,
"top": 0.04371,
"right": 0.96782,
"bottom": 0.11581
},
"chunk_id": "logo-0"
},
{
"page": 16,
"kind": "marginalia",
"text": "16\n",
"box": {
"left": 0.92941,
"top": 0.957,
"right": 0.94938,
"bottom": 0.97423
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 17,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgewzthne875w24vh4gcj",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.2,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p17.ade.json",
"figures": [],
"tables": [
{
"page": 17,
"cells": [
[
"Investment Type",
"Average Carrying Value<sup>10</sup>",
"Gross Yield <sup>11</sup>",
"Average Debt Balance",
"Debt Cost <sup>12</sup>",
"Levered Yield"
],
[
"LMM CRE",
"$ 4,510,615",
"5.7 %",
"$ 3,078,590",
"7.2 %",
"2.4 %"
],
[
"SBL",
"$ 697,334",
"21.6 %",
"$ 399,563",
"13.0 %",
"33.7 %"
],
[
"Total",
"$ 5,207,949",
"7.8 %",
"$ 3,478,153",
"7.8 %",
"7.7 %"
]
],
"cell_boxes": [
[
{
"left": 0.09238,
"top": 0.19309,
"right": 0.27453,
"bottom": 0.21686
},
{
"left": 0.27451,
"top": 0.19308,
"right": 0.441,
"bottom": 0.21685
},
{
"left": 0.44098,
"top": 0.19308,
"right": 0.54739,
"bottom": 0.21684
},
{
"left": 0.54736,
"top": 0.19307,
"right": 0.69567,
"bottom": 0.21683
},
{
"left": 0.69562,
"top": 0.19307,
"right": 0.79102,
"bottom": 0.21682
},
{
"left": 0.79097,
"top": 0.19306,
"right": 0.89621,
"bottom": 0.21682
}
],
[
{
"left": 0.09239,
"top": 0.21685,
"right": 0.27451,
"bottom": 0.24027
},
{
"left": 0.27449,
"top": 0.21684,
"right": 0.44098,
"bottom": 0.24028
},
{
"left": 0.44097,
"top": 0.21683,
"right": 0.54741,
"bottom": 0.24029
},
{
"left": 0.54739,
"top": 0.21682,
"right": 0.69562,
"bottom": 0.24029
},
{
"left": 0.69556,
"top": 0.21682,
"right": 0.79107,
"bottom": 0.2403
},
{
"left": 0.79102,
"top": 0.21681,
"right": 0.89621,
"bottom": 0.24031
}
],
[
{
"left": 0.09241,
"top": 0.24026,
"right": 0.27449,
"bottom": 0.26381
},
{
"left": 0.27447,
"top": 0.24027,
"right": 0.44097,
"bottom": 0.26382
},
{
"left": 0.44096,
"top": 0.24028,
"right": 0.54744,
"bottom": 0.26382
},
{
"left": 0.54741,
"top": 0.24029,
"right": 0.69556,
"bottom": 0.26383
},
{
"left": 0.69551,
"top": 0.24029,
"right": 0.79113,
"bottom": 0.26383
},
{
"left": 0.79107,
"top": 0.2403,
"right": 0.89622,
"bottom": 0.26384
}
],
[
{
"left": 0.09242,
"top": 0.26381,
"right": 0.27447,
"bottom": 0.28728
},
{
"left": 0.27445,
"top": 0.26381,
"right": 0.44096,
"bottom": 0.28728
},
{
"left": 0.44094,
"top": 0.26382,
"right": 0.54747,
"bottom": 0.28729
},
{
"left": 0.54744,
"top": 0.26382,
"right": 0.69551,
"bottom": 0.28729
},
{
"left": 0.69545,
"top": 0.26383,
"right": 0.79118,
"bottom": 0.28729
},
{
"left": 0.79113,
"top": 0.26383,
"right": 0.89622,
"bottom": 0.28729
}
]
],
"box": {
"left": 0.08765,
"top": 0.1872,
"right": 0.90139,
"bottom": 0.29373
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzgewzthne875w24vh4gcj",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 17,
"cells": [
[
"Book Equity Value Metrics",
""
],
[
"Common Stockholders' equity",
"$ 1,228,148"
],
[
"Total Common Shares outstanding",
"165,255,559"
],
[
"Net Book Value per Common Share",
"$7.43"
]
],
"cell_boxes": [
[
{
"left": 0.09215,
"top": 0.33191,
"right": 0.46683,
"bottom": 0.37189
},
null
],
[
{
"left": 0.09216,
"top": 0.37187,
"right": 0.29873,
"bottom": 0.41101
},
{
"left": 0.29865,
"top": 0.37188,
"right": 0.46682,
"bottom": 0.41101
}
],
[
{
"left": 0.09216,
"top": 0.41101,
"right": 0.29881,
"bottom": 0.45151
},
{
"left": 0.29873,
"top": 0.41101,
"right": 0.46682,
"bottom": 0.45151
}
],
[
{
"left": 0.09217,
"top": 0.45151,
"right": 0.29889,
"bottom": 0.49073
},
{
"left": 0.29881,
"top": 0.45151,
"right": 0.46681,
"bottom": 0.49072
}
]
],
"box": {
"left": 0.08743,
"top": 0.32613,
"right": 0.47225,
"bottom": 0.49853
},
"chunk_id": "table-1",
"job_id": "parse-01m1xzgewzthne875w24vh4gcj",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 17,
"cells": [
[
"Q1 2026 Earnings Data",
"Metrics"
],
[
"Net loss | Distributable loss before realized losses | Distributable loss",
"$(200,087) | $(49,208) | $(159,834)"
],
[
"EPS - Basic and diluted",
"$(1.25) | $(1.25)"
],
[
"Distributable EPS - Basic and diluted",
"$(1.00) | $(1.00)"
],
[
"Distributable EPS before realized losses - Basic and diluted",
"$(0.33) | $(0.33)"
],
[
"ROE per Common Share",
"(59.0)%"
],
[
"Distributable ROE per Common Share",
"(47.3)%"
],
[
"Distributable ROE before realized losses per Common Share",
"(15.0)%"
],
[
"Dividend Yield<sup>14</sup>",
"2.5 %"
]
],
"cell_boxes": [
[
{
"left": 0.09269,
"top": 0.53488,
"right": 0.32633,
"bottom": 0.55505
},
{
"left": 0.32633,
"top": 0.53495,
"right": 0.46752,
"bottom": 0.55505
}
],
[
{
"left": 0.09269,
"top": 0.55503,
"right": 0.32633,
"bottom": 0.60771
},
{
"left": 0.32633,
"top": 0.55505,
"right": 0.46754,
"bottom": 0.60769
}
],
[
{
"left": 0.09269,
"top": 0.60769,
"right": 0.32634,
"bottom": 0.64814
},
{
"left": 0.32633,
"top": 0.60768,
"right": 0.46755,
"bottom": 0.64812
}
],
[
{
"left": 0.0927,
"top": 0.64812,
"right": 0.32634,
"bottom": 0.67158
},
{
"left": 0.32634,
"top": 0.6481,
"right": 0.46756,
"bottom": 0.67155
}
],
[
{
"left": 0.0927,
"top": 0.67155,
"right": 0.32634,
"bottom": 0.71203
},
{
"left": 0.32634,
"top": 0.67153,
"right": 0.46757,
"bottom": 0.71199
}
],
[
{
"left": 0.0927,
"top": 0.71199,
"right": 0.32634,
"bottom": 0.74758
},
{
"left": 0.32634,
"top": 0.71196,
"right": 0.46758,
"bottom": 0.74756
}
],
[
{
"left": 0.0927,
"top": 0.74756,
"right": 0.32634,
"bottom": 0.78069
},
{
"left": 0.32634,
"top": 0.74754,
"right": 0.4676,
"bottom": 0.78067
}
],
[
{
"left": 0.09271,
"top": 0.78067,
"right": 0.32634,
"bottom": 0.82121
},
{
"left": 0.32634,
"top": 0.78065,
"right": 0.46761,
"bottom": 0.82118
}
],
[
{
"left": 0.09271,
"top": 0.82118,
"right": 0.32635,
"bottom": 0.84448
},
{
"left": 0.32634,
"top": 0.82115,
"right": 0.46762,
"bottom": 0.84446
}
]
],
"box": {
"left": 0.08717,
"top": 0.52856,
"right": 0.47317,
"bottom": 0.85244
},
"chunk_id": "table-2",
"job_id": "parse-01m1xzgewzthne875w24vh4gcj",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 17,
"cells": [
[
"Loan Portfolio Metrics",
""
],
[
"% Fixed vs Floating Rate",
"20% / 80%"
],
[
"% Originated vs Acquired",
"92% / 8%"
],
[
"Weighted Average LTV - LMM CRE <sup>13</sup>",
"81%"
],
[
"Weighted Average LTV - SBL <sup>13</sup>",
"97 %"
]
],
"cell_boxes": [
[
{
"left": 0.50003,
"top": 0.33214,
"right": 0.89525,
"bottom": 0.36944
},
null
],
[
{
"left": 0.50003,
"top": 0.36938,
"right": 0.72149,
"bottom": 0.39997
},
{
"left": 0.72138,
"top": 0.36941,
"right": 0.89527,
"bottom": 0.39997
}
],
[
{
"left": 0.50004,
"top": 0.39997,
"right": 0.72159,
"bottom": 0.43058
},
{
"left": 0.72149,
"top": 0.39997,
"right": 0.8953,
"bottom": 0.43056
}
],
[
{
"left": 0.50005,
"top": 0.43056,
"right": 0.7217,
"bottom": 0.46127
},
{
"left": 0.72159,
"top": 0.43055,
"right": 0.89532,
"bottom": 0.46124
}
],
[
{
"left": 0.50005,
"top": 0.46124,
"right": 0.72181,
"bottom": 0.49061
},
{
"left": 0.7217,
"top": 0.46122,
"right": 0.89535,
"bottom": 0.49062
}
]
],
"box": {
"left": 0.49455,
"top": 0.32629,
"right": 0.90027,
"bottom": 0.49834
},
"chunk_id": "table-3",
"job_id": "parse-01m1xzgewzthne875w24vh4gcj",
"table_ref": null,
"picture_ref": null,
"table_id": null
},
{
"page": 17,
"cells": [
[
"Servicing Portfolio Metrics",
""
],
[
"SBA - UPB",
"$ 1,902,485"
],
[
"SBA - carrying value",
"$ 39,971"
],
[
"Multi-family - UPB",
"$ 6,269,434"
],
[
"Multi-family - carrying value",
"$ 60,008"
],
[
"USDA - UPB",
"$ 698,288"
],
[
"USDA - carrying value",
"$ 20,767"
],
[
"Small business loans - UPB",
"$ 398,679"
],
[
"Small business loans - carrying value",
"$ 2,941"
]
],
"cell_boxes": [
[
{
"left": 0.49989,
"top": 0.53478,
"right": 0.89588,
"bottom": 0.56844
},
null
],
[
{
"left": 0.49989,
"top": 0.56843,
"right": 0.7143,
"bottom": 0.6026
},
{
"left": 0.7143,
"top": 0.56842,
"right": 0.89589,
"bottom": 0.60259
}
],
[
{
"left": 0.49989,
"top": 0.60259,
"right": 0.7143,
"bottom": 0.63689
},
{
"left": 0.7143,
"top": 0.60258,
"right": 0.8959,
"bottom": 0.63689
}
],
[
{
"left": 0.4999,
"top": 0.63689,
"right": 0.71431,
"bottom": 0.6713
},
{
"left": 0.7143,
"top": 0.63689,
"right": 0.89591,
"bottom": 0.67128
}
],
[
{
"left": 0.4999,
"top": 0.67128,
"right": 0.71431,
"bottom": 0.70549
},
{
"left": 0.71431,
"top": 0.67127,
"right": 0.89592,
"bottom": 0.70549
}
],
[
{
"left": 0.4999,
"top": 0.70549,
"right": 0.71432,
"bottom": 0.73983
},
{
"left": 0.71431,
"top": 0.70549,
"right": 0.89593,
"bottom": 0.73983
}
],
[
{
"left": 0.49991,
"top": 0.73983,
"right": 0.71432,
"bottom": 0.77418
},
{
"left": 0.71432,
"top": 0.73982,
"right": 0.89594,
"bottom": 0.77418
}
],
[
{
"left": 0.49991,
"top": 0.77418,
"right": 0.71433,
"bottom": 0.80843
},
{
"left": 0.71432,
"top": 0.77417,
"right": 0.89595,
"bottom": 0.80844
}
],
[
{
"left": 0.49991,
"top": 0.80841,
"right": 0.71433,
"bottom": 0.84284
},
{
"left": 0.71433,
"top": 0.80843,
"right": 0.89596,
"bottom": 0.84279
}
]
],
"box": {
"left": 0.49433,
"top": 0.5285,
"right": 0.90161,
"bottom": 0.85125
},
"chunk_id": "table-4",
"job_id": "parse-01m1xzgewzthne875w24vh4gcj",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 17,
"kind": "text",
"text": "Financial Snapshot ($ in thousands, except share data)\n",
"box": {
"left": 0.04076,
"top": 0.07113,
"right": 0.47865,
"bottom": 0.12236
},
"chunk_id": "text-0"
},
{
"page": 17,
"kind": "logo",
"text": "[ORANGE_DOTTED_HEXAGON_SHAPE]\nREADY CAPITAL®\n",
"box": {
"left": 0.74741,
"top": 0.04621,
"right": 0.96643,
"bottom": 0.11402
},
"chunk_id": "logo-0"
},
{
"page": 17,
"kind": "marginalia",
"text": "17\n",
"box": {
"left": 0.92873,
"top": 0.95082,
"right": 0.94946,
"bottom": 0.97685
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 18,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgh2eyh6g15z477yvrref",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.8,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p18.ade.json",
"figures": [],
"tables": [
{
"page": 18,
"cells": [
[
"(in thousands)",
"3/31/2025",
"6/30/2025",
"9/30/2025",
"12/31/2025",
"3/31/2026"
],
[
"Assets",
"",
"",
"",
"",
""
],
[
"Cash and cash equivalents",
"$ 205,917",
"$ 162,935",
"$ 147,505",
"$ 207,841",
"$ 200,430"
],
[
"Restricted cash",
"39,603",
"56,769",
"44,491",
"39,746",
"38,906"
],
[
"Loans, net",
"4,354,017",
"5,066,694",
"4,360,501",
"3,500,298",
"3,350,560"
],
[
"Loans, held for sale",
"528,726",
"632,784",
"163,792",
"585,820",
"360,228"
],
[
"Mortgage-backed securities",
"31,415",
"32,310",
"33,105",
"34,501",
"31,649"
],
[
"Investment in unconsolidated joint ventures",
"170,920",
"169,369",
"178,840",
"161,424",
"167,251"
],
[
"Derivative instruments",
"6,907",
"5,754",
"5,295",
"6,740",
"4,104"
],
[
"Servicing rights",
"129,814",
"124,283",
"126,966",
"126,279",
"123,687"
],
[
"Real estate owned",
"199,910",
"199,790",
"632,985",
"620,225",
"610,215"
],
[
"Other assets",
"399,702",
"462,711",
"472,516",
"508,238",
"466,383"
],
[
"Assets of consolidated VIEs",
"3,723,738",
"2,395,398",
"2,166,105",
"1,978,684",
"960,875"
],
[
"Assets held for sale",
"185,782",
"—",
"—",
"—",
"—"
],
[
"Total Assets",
"$ 9,976,451",
"$ 9,308,797",
"$ 8,332,101",
"$ 7,769,796",
"$ 6,314,288"
],
[
"Liabilities",
"",
"",
"",
"",
""
],
[
"Secured borrowings",
"2,713,415",
"3,506,670",
"2,879,172",
"2,788,926",
"2,321,443"
],
[
"Securitized debt obligations of consolidated VIEs, net",
"2,574,139",
"1,513,297",
"1,293,778",
"1,174,785",
"526,535"
],
[
"Senior secured notes and Corporate debt, net",
"1,488,666",
"1,387,029",
"1,387,775",
"1,375,216",
"1,260,679"
],
[
"Guaranteed loan financing",
"668,847",
"629,380",
"565,883",
"524,091",
"501,736"
],
[
"Contingent consideration",
"15,982",
"17,189",
"18,385",
"18,698",
"20,441"
],
[
"Derivative instruments",
"575",
"1,986",
"1,627",
"1,432",
"948"
],
[
"Dividends payable",
"23,929",
"22,917",
"22,602",
"3,633",
"3,685"
],
[
"Loan participations sold",
"98,128",
"101,863",
"102,987",
"56,616",
"56,616"
],
[
"Due to third parties",
"1,071",
"9,791",
"9,927",
"3,135",
"12,304"
],
[
"Accounts payable and other accrued liabilities",
"185,533",
"184,652",
"166,406",
"171,636",
"161,201"
],
[
"Liabilities held for sale",
"156,614",
"—",
"—",
"—",
"—"
],
[
"Total Liabilities",
"$ 7,926,899",
"$ 7,374,774",
"$ 6,448,542",
"$ 6,118,168",
"$ 4,865,588"
],
[
"Preferred stock Series C",
"8,361",
"8,361",
"8,361",
"8,361",
"8,361"
],
[
"Stockholders' Equity",
"",
"",
"",
"",
""
],
[
"Preferred stock",
"111,378",
"111,378",
"111,378",
"111,378",
"111,378"
],
[
"Common stock",
"17",
"17",
"17",
"17",
"17"
],
[
"Additional paid-in capital",
"2,302,101",
"2,267,540",
"2,257,078",
"2,264,355",
"2,265,534"
],
[
"Retained deficit",
"(450,276)",
"(528,524)",
"(569,709)",
"(807,522)",
"(1,012,927)"
],
[
"Accumulated other comprehensive loss",
"(21,673)",
"(23,293)",
"(24,096)",
"(24,196)",
"(24,476)"
],
[
"Total Ready Capital Corporation equity",
"1,941,547",
"1,827,118",
"1,774,668",
"1,544,032",
"1,339,526"
],
[
"Non-controlling interests",
"99,644",
"98,544",
"100,530",
"99,235",
"100,813"
],
[
"Total Stockholders' Equity",
"$ 2,041,191",
"$ 1,925,662",
"$ 1,875,198",
"$ 1,643,267",
"$ 1,440,339"
],
[
"Total Liabilities, Redeemable Preferred Stock, and Stockholders' Equity",
"$ 9,976,451",
"$ 9,308,797",
"$ 8,332,101",
"$ 7,769,796",
"$ 6,314,288"
],
[
"Book Value per Share",
"$ 10.61",
"$ 10.44",
"$ 10.28",
"$ 8.79",
"$ 7.43"
]
],
"cell_boxes": [
[
{
"left": 0.04785,
"top": 0.14523,
"right": 0.39575,
"bottom": 0.16657
},
{
"left": 0.39569,
"top": 0.1453,
"right": 0.50572,
"bottom": 0.16654
},
{
"left": 0.5057,
"top": 0.14532,
"right": 0.60882,
"bottom": 0.16654
},
{
"left": 0.60882,
"top": 0.14534,
"right": 0.72579,
"bottom": 0.16653
},
{
"left": 0.72579,
"top": 0.14536,
"right": 0.82911,
"bottom": 0.16652
},
{
"left": 0.82911,
"top": 0.14538,
"right": 0.93495,
"bottom": 0.16651
}
],
[
{
"left": 0.04785,
"top": 0.16654,
"right": 0.39581,
"bottom": 0.18587
},
{
"left": 0.39575,
"top": 0.16654,
"right": 0.50573,
"bottom": 0.18588
},
{
"left": 0.50572,
"top": 0.16653,
"right": 0.60882,
"bottom": 0.1859
},
{
"left": 0.60882,
"top": 0.16652,
"right": 0.72579,
"bottom": 0.18592
},
{
"left": 0.72579,
"top": 0.16651,
"right": 0.82911,
"bottom": 0.18593
},
{
"left": 0.82911,
"top": 0.1665,
"right": 0.93495,
"bottom": 0.18595
}
],
[
{
"left": 0.04785,
"top": 0.18581,
"right": 0.39586,
"bottom": 0.20564
},
{
"left": 0.39581,
"top": 0.18587,
"right": 0.50574,
"bottom": 0.20565
},
{
"left": 0.50573,
"top": 0.18588,
"right": 0.60882,
"bottom": 0.20566
},
{
"left": 0.60882,
"top": 0.1859,
"right": 0.72579,
"bottom": 0.20567
},
{
"left": 0.72579,
"top": 0.18592,
"right": 0.82911,
"bottom": 0.20567
},
{
"left": 0.82911,
"top": 0.18593,
"right": 0.93494,
"bottom": 0.20568
}
],
[
{
"left": 0.04785,
"top": 0.20562,
"right": 0.39592,
"bottom": 0.22492
},
{
"left": 0.39586,
"top": 0.20564,
"right": 0.50575,
"bottom": 0.22494
},
{
"left": 0.50574,
"top": 0.20565,
"right": 0.60882,
"bottom": 0.22496
},
{
"left": 0.60882,
"top": 0.20566,
"right": 0.72579,
"bottom": 0.22498
},
{
"left": 0.72579,
"top": 0.20567,
"right": 0.82911,
"bottom": 0.225
},
{
"left": 0.82911,
"top": 0.20567,
"right": 0.93494,
"bottom": 0.22501
}
],
[
{
"left": 0.04785,
"top": 0.22486,
"right": 0.39597,
"bottom": 0.24473
},
{
"left": 0.39592,
"top": 0.22492,
"right": 0.50576,
"bottom": 0.24474
},
{
"left": 0.50575,
"top": 0.22494,
"right": 0.60882,
"bottom": 0.24475
},
{
"left": 0.60882,
"top": 0.22496,
"right": 0.72579,
"bottom": 0.24476
},
{
"left": 0.72579,
"top": 0.22498,
"right": 0.82911,
"bottom": 0.24477
},
{
"left": 0.82911,
"top": 0.225,
"right": 0.93494,
"bottom": 0.24477
}
],
[
{
"left": 0.04786,
"top": 0.24471,
"right": 0.39603,
"bottom": 0.26429
},
{
"left": 0.39597,
"top": 0.24473,
"right": 0.50578,
"bottom": 0.26425
},
{
"left": 0.50576,
"top": 0.24474,
"right": 0.60882,
"bottom": 0.26424
},
{
"left": 0.60882,
"top": 0.24475,
"right": 0.72579,
"bottom": 0.26423
},
{
"left": 0.72579,
"top": 0.24476,
"right": 0.82911,
"bottom": 0.26422
},
{
"left": 0.8291,
"top": 0.24477,
"right": 0.93494,
"bottom": 0.26421
}
],
[
{
"left": 0.04786,
"top": 0.26425,
"right": 0.39609,
"bottom": 0.28432
},
{
"left": 0.39603,
"top": 0.26424,
"right": 0.50579,
"bottom": 0.28422
},
{
"left": 0.50578,
"top": 0.26423,
"right": 0.60882,
"bottom": 0.28419
},
{
"left": 0.60882,
"top": 0.26422,
"right": 0.72579,
"bottom": 0.28416
},
{
"left": 0.72579,
"top": 0.26421,
"right": 0.8291,
"bottom": 0.28412
},
{
"left": 0.8291,
"top": 0.2642,
"right": 0.93494,
"bottom": 0.28409
}
],
[
{
"left": 0.04786,
"top": 0.28422,
"right": 0.39614,
"bottom": 0.30368
},
{
"left": 0.39609,
"top": 0.28419,
"right": 0.5058,
"bottom": 0.30363
},
{
"left": 0.50579,
"top": 0.28416,
"right": 0.60882,
"bottom": 0.30362
},
{
"left": 0.60882,
"top": 0.28412,
"right": 0.7258,
"bottom": 0.3036
},
{
"left": 0.72579,
"top": 0.28409,
"right": 0.8291,
"bottom": 0.30359
},
{
"left": 0.8291,
"top": 0.28406,
"right": 0.93493,
"bottom": 0.30357
}
],
[
{
"left": 0.04786,
"top": 0.30363,
"right": 0.3962,
"bottom": 0.32338
},
{
"left": 0.39614,
"top": 0.30362,
"right": 0.50581,
"bottom": 0.32339
},
{
"left": 0.5058,
"top": 0.3036,
"right": 0.60882,
"bottom": 0.3234
},
{
"left": 0.60882,
"top": 0.30359,
"right": 0.7258,
"bottom": 0.3234
},
{
"left": 0.7258,
"top": 0.30357,
"right": 0.8291,
"bottom": 0.32341
},
{
"left": 0.8291,
"top": 0.30356,
"right": 0.93493,
"bottom": 0.32342
}
],
[
{
"left": 0.04786,
"top": 0.32336,
"right": 0.39625,
"bottom": 0.3428
},
{
"left": 0.3962,
"top": 0.32338,
"right": 0.50582,
"bottom": 0.34281
},
{
"left": 0.50581,
"top": 0.32339,
"right": 0.60882,
"bottom": 0.34281
},
{
"left": 0.60882,
"top": 0.3234,
"right": 0.7258,
"bottom": 0.34282
},
{
"left": 0.7258,
"top": 0.3234,
"right": 0.8291,
"bottom": 0.34282
},
{
"left": 0.8291,
"top": 0.32341,
"right": 0.93493,
"bottom": 0.34282
}
],
[
{
"left": 0.04786,
"top": 0.34279,
"right": 0.39631,
"bottom": 0.36258
},
{
"left": 0.39625,
"top": 0.3428,
"right": 0.50583,
"bottom": 0.36259
},
{
"left": 0.50582,
"top": 0.34281,
"right": 0.60882,
"bottom": 0.36259
},
{
"left": 0.60881,
"top": 0.34281,
"right": 0.7258,
"bottom": 0.36259
},
{
"left": 0.7258,
"top": 0.34282,
"right": 0.8291,
"bottom": 0.3626
},
{
"left": 0.8291,
"top": 0.34282,
"right": 0.93493,
"bottom": 0.3626
}
],
[
{
"left": 0.04786,
"top": 0.36257,
"right": 0.39636,
"bottom": 0.38213
},
{
"left": 0.39631,
"top": 0.36258,
"right": 0.50585,
"bottom": 0.38216
},
{
"left": 0.50583,
"top": 0.36259,
"right": 0.60881,
"bottom": 0.3822
},
{
"left": 0.60881,
"top": 0.36259,
"right": 0.7258,
"bottom": 0.38224
},
{
"left": 0.7258,
"top": 0.36259,
"right": 0.8291,
"bottom": 0.38228
},
{
"left": 0.8291,
"top": 0.3626,
"right": 0.93493,
"bottom": 0.38231
}
],
[
{
"left": 0.04787,
"top": 0.382,
"right": 0.39642,
"bottom": 0.40157
},
{
"left": 0.39636,
"top": 0.38213,
"right": 0.50586,
"bottom": 0.40159
},
{
"left": 0.50585,
"top": 0.38216,
"right": 0.60881,
"bottom": 0.4016
},
{
"left": 0.60881,
"top": 0.3822,
"right": 0.7258,
"bottom": 0.40162
},
{
"left": 0.7258,
"top": 0.38224,
"right": 0.8291,
"bottom": 0.40163
},
{
"left": 0.82909,
"top": 0.38228,
"right": 0.93492,
"bottom": 0.40165
}
],
[
{
"left": 0.04787,
"top": 0.40152,
"right": 0.39648,
"bottom": 0.4213
},
{
"left": 0.39642,
"top": 0.40157,
"right": 0.50587,
"bottom": 0.42128
},
{
"left": 0.50586,
"top": 0.40159,
"right": 0.60881,
"bottom": 0.42128
},
{
"left": 0.60881,
"top": 0.4016,
"right": 0.7258,
"bottom": 0.42128
},
{
"left": 0.7258,
"top": 0.40162,
"right": 0.82909,
"bottom": 0.42127
},
{
"left": 0.82909,
"top": 0.40163,
"right": 0.93492,
"bottom": 0.42127
}
],
[
{
"left": 0.04787,
"top": 0.42128,
"right": 0.39653,
"bottom": 0.44101
},
{
"left": 0.39648,
"top": 0.42128,
"right": 0.50588,
"bottom": 0.44101
},
{
"left": 0.50587,
"top": 0.42128,
"right": 0.60881,
"bottom": 0.441
},
{
"left": 0.60881,
"top": 0.42127,
"right": 0.7258,
"bottom": 0.441
},
{
"left": 0.7258,
"top": 0.42127,
"right": 0.82909,
"bottom": 0.441
},
{
"left": 0.82909,
"top": 0.42126,
"right": 0.93492,
"bottom": 0.441
}
],
[
{
"left": 0.04787,
"top": 0.44101,
"right": 0.39658,
"bottom": 0.46007
},
{
"left": 0.39653,
"top": 0.441,
"right": 0.93492,
"bottom": 0.46007
},
null,
null,
null,
null
],
[
{
"left": 0.04787,
"top": 0.46007,
"right": 0.39664,
"bottom": 0.48018
},
{
"left": 0.39658,
"top": 0.46007,
"right": 0.5059,
"bottom": 0.48019
},
{
"left": 0.50589,
"top": 0.46007,
"right": 0.60881,
"bottom": 0.48019
},
{
"left": 0.60881,
"top": 0.46007,
"right": 0.7258,
"bottom": 0.48019
},
{
"left": 0.7258,
"top": 0.46007,
"right": 0.82909,
"bottom": 0.4802
},
{
"left": 0.82909,
"top": 0.46007,
"right": 0.93492,
"bottom": 0.4802
}
],
[
{
"left": 0.04787,
"top": 0.48017,
"right": 0.3967,
"bottom": 0.49946
},
{
"left": 0.39664,
"top": 0.48018,
"right": 0.50591,
"bottom": 0.49944
},
{
"left": 0.5059,
"top": 0.48019,
"right": 0.60881,
"bottom": 0.49944
},
{
"left": 0.60881,
"top": 0.48019,
"right": 0.7258,
"bottom": 0.49943
},
{
"left": 0.7258,
"top": 0.48019,
"right": 0.82909,
"bottom": 0.49942
},
{
"left": 0.82909,
"top": 0.4802,
"right": 0.93491,
"bottom": 0.49942
}
],
[
{
"left": 0.04788,
"top": 0.49944,
"right": 0.39675,
"bottom": 0.51949
},
{
"left": 0.3967,
"top": 0.49944,
"right": 0.50593,
"bottom": 0.51948
},
{
"left": 0.50591,
"top": 0.49943,
"right": 0.60881,
"bottom": 0.51947
},
{
"left": 0.60881,
"top": 0.49942,
"right": 0.7258,
"bottom": 0.51947
},
{
"left": 0.7258,
"top": 0.49942,
"right": 0.82909,
"bottom": 0.51946
},
{
"left": 0.82908,
"top": 0.49941,
"right": 0.93491,
"bottom": 0.51946
}
],
[
{
"left": 0.04788,
"top": 0.51948,
"right": 0.39681,
"bottom": 0.53865
},
{
"left": 0.39675,
"top": 0.51947,
"right": 0.50594,
"bottom": 0.53863
},
{
"left": 0.50593,
"top": 0.51947,
"right": 0.60881,
"bottom": 0.53862
},
{
"left": 0.60881,
"top": 0.51946,
"right": 0.7258,
"bottom": 0.53862
},
{
"left": 0.7258,
"top": 0.51946,
"right": 0.82908,
"bottom": 0.53861
},
{
"left": 0.82908,
"top": 0.51946,
"right": 0.93491,
"bottom": 0.5386
}
],
[
{
"left": 0.04788,
"top": 0.53863,
"right": 0.39686,
"bottom": 0.55857
},
{
"left": 0.39681,
"top": 0.53862,
"right": 0.50595,
"bottom": 0.55853
},
{
"left": 0.50594,
"top": 0.53862,
"right": 0.60881,
"bottom": 0.55852
},
{
"left": 0.60881,
"top": 0.53861,
"right": 0.7258,
"bottom": 0.55851
},
{
"left": 0.7258,
"top": 0.5386,
"right": 0.82908,
"bottom": 0.55849
},
{
"left": 0.82908,
"top": 0.5386,
"right": 0.93491,
"bottom": 0.55848
}
],
[
{
"left": 0.04788,
"top": 0.55853,
"right": 0.39692,
"bottom": 0.57799
},
{
"left": 0.39686,
"top": 0.55852,
"right": 0.50596,
"bottom": 0.57794
},
{
"left": 0.50595,
"top": 0.55851,
"right": 0.60881,
"bottom": 0.57793
},
{
"left": 0.60881,
"top": 0.55849,
"right": 0.7258,
"bottom": 0.57792
},
{
"left": 0.7258,
"top": 0.55848,
"right": 0.82908,
"bottom": 0.5779
},
{
"left": 0.82908,
"top": 0.55847,
"right": 0.93491,
"bottom": 0.57788
}
],
[
{
"left": 0.04788,
"top": 0.57794,
"right": 0.39698,
"bottom": 0.59795
},
{
"left": 0.39692,
"top": 0.57793,
"right": 0.50597,
"bottom": 0.5979
},
{
"left": 0.50596,
"top": 0.57792,
"right": 0.60881,
"bottom": 0.59789
},
{
"left": 0.60881,
"top": 0.5779,
"right": 0.7258,
"bottom": 0.59787
},
{
"left": 0.7258,
"top": 0.57788,
"right": 0.82908,
"bottom": 0.59786
},
{
"left": 0.82908,
"top": 0.57787,
"right": 0.9349,
"bottom": 0.59784
}
],
[
{
"left": 0.04788,
"top": 0.5979,
"right": 0.39703,
"bottom": 0.61726
},
{
"left": 0.39698,
"top": 0.59789,
"right": 0.50598,
"bottom": 0.61723
},
{
"left": 0.50597,
"top": 0.59787,
"right": 0.60881,
"bottom": 0.61722
},
{
"left": 0.60881,
"top": 0.59786,
"right": 0.7258,
"bottom": 0.61721
},
{
"left": 0.7258,
"top": 0.59784,
"right": 0.82908,
"bottom": 0.6172
},
{
"left": 0.82908,
"top": 0.59783,
"right": 0.9349,
"bottom": 0.61719
}
],
[
{
"left": 0.04789,
"top": 0.61723,
"right": 0.39709,
"bottom": 0.63706
},
{
"left": 0.39703,
"top": 0.61722,
"right": 0.506,
"bottom": 0.63703
},
{
"left": 0.50598,
"top": 0.61721,
"right": 0.60881,
"bottom": 0.63701
},
{
"left": 0.60881,
"top": 0.6172,
"right": 0.7258,
"bottom": 0.637
},
{
"left": 0.7258,
"top": 0.61719,
"right": 0.82908,
"bottom": 0.63699
},
{
"left": 0.82908,
"top": 0.61718,
"right": 0.9349,
"bottom": 0.63698
}
],
[
{
"left": 0.04789,
"top": 0.63703,
"right": 0.39714,
"bottom": 0.65655
},
{
"left": 0.39709,
"top": 0.63701,
"right": 0.50601,
"bottom": 0.6565
},
{
"left": 0.506,
"top": 0.637,
"right": 0.60881,
"bottom": 0.65649
},
{
"left": 0.60881,
"top": 0.63699,
"right": 0.7258,
"bottom": 0.65647
},
{
"left": 0.7258,
"top": 0.63698,
"right": 0.82908,
"bottom": 0.65646
},
{
"left": 0.82907,
"top": 0.63697,
"right": 0.9349,
"bottom": 0.65644
}
],
[
{
"left": 0.04789,
"top": 0.6565,
"right": 0.3972,
"bottom": 0.67637
},
{
"left": 0.39714,
"top": 0.65649,
"right": 0.50602,
"bottom": 0.67631
},
{
"left": 0.50601,
"top": 0.65647,
"right": 0.60881,
"bottom": 0.67629
},
{
"left": 0.60881,
"top": 0.65646,
"right": 0.72581,
"bottom": 0.67627
},
{
"left": 0.7258,
"top": 0.65644,
"right": 0.82907,
"bottom": 0.67625
},
{
"left": 0.82907,
"top": 0.65643,
"right": 0.9349,
"bottom": 0.67623
}
],
[
{
"left": 0.04789,
"top": 0.67631,
"right": 0.39725,
"bottom": 0.69564
},
{
"left": 0.3972,
"top": 0.67629,
"right": 0.50603,
"bottom": 0.69565
},
{
"left": 0.50602,
"top": 0.67627,
"right": 0.60881,
"bottom": 0.69566
},
{
"left": 0.60881,
"top": 0.67625,
"right": 0.72581,
"bottom": 0.69566
},
{
"left": 0.72581,
"top": 0.67623,
"right": 0.82907,
"bottom": 0.69567
},
{
"left": 0.82907,
"top": 0.67621,
"right": 0.93489,
"bottom": 0.69568
}
],
[
{
"left": 0.04789,
"top": 0.69561,
"right": 0.39731,
"bottom": 0.71529
},
{
"left": 0.39725,
"top": 0.69564,
"right": 0.50604,
"bottom": 0.71529
},
{
"left": 0.50603,
"top": 0.69565,
"right": 0.60881,
"bottom": 0.7153
},
{
"left": 0.60881,
"top": 0.69566,
"right": 0.72581,
"bottom": 0.7153
},
{
"left": 0.72581,
"top": 0.69566,
"right": 0.82907,
"bottom": 0.7153
},
{
"left": 0.82907,
"top": 0.69567,
"right": 0.93489,
"bottom": 0.7153
}
],
[
{
"left": 0.04789,
"top": 0.71528,
"right": 0.39736,
"bottom": 0.73477
},
{
"left": 0.39731,
"top": 0.71529,
"right": 0.50605,
"bottom": 0.73476
},
{
"left": 0.50604,
"top": 0.71529,
"right": 0.60881,
"bottom": 0.73476
},
{
"left": 0.60881,
"top": 0.7153,
"right": 0.72581,
"bottom": 0.73475
},
{
"left": 0.72581,
"top": 0.7153,
"right": 0.82907,
"bottom": 0.73475
},
{
"left": 0.82907,
"top": 0.7153,
"right": 0.93489,
"bottom": 0.73475
}
],
[
{
"left": 0.0479,
"top": 0.73476,
"right": 0.39742,
"bottom": 0.75449
},
{
"left": 0.39736,
"top": 0.73476,
"right": 0.50607,
"bottom": 0.75449
},
{
"left": 0.50605,
"top": 0.73475,
"right": 0.60881,
"bottom": 0.75449
},
{
"left": 0.60881,
"top": 0.73475,
"right": 0.72581,
"bottom": 0.75449
},
{
"left": 0.72581,
"top": 0.73475,
"right": 0.82907,
"bottom": 0.7545
},
{
"left": 0.82907,
"top": 0.73475,
"right": 0.93489,
"bottom": 0.7545
}
],
[
{
"left": 0.0479,
"top": 0.75447,
"right": 0.39747,
"bottom": 0.77408
},
{
"left": 0.39742,
"top": 0.75449,
"right": 0.50608,
"bottom": 0.77409
},
{
"left": 0.50607,
"top": 0.75449,
"right": 0.60881,
"bottom": 0.7741
},
{
"left": 0.60881,
"top": 0.75449,
"right": 0.72581,
"bottom": 0.77411
},
{
"left": 0.72581,
"top": 0.75449,
"right": 0.82907,
"bottom": 0.77412
},
{
"left": 0.82907,
"top": 0.7545,
"right": 0.93489,
"bottom": 0.77414
}
],
[
{
"left": 0.0479,
"top": 0.77404,
"right": 0.39753,
"bottom": 0.79397
},
{
"left": 0.39747,
"top": 0.77408,
"right": 0.50609,
"bottom": 0.79397
},
{
"left": 0.50608,
"top": 0.77409,
"right": 0.60881,
"bottom": 0.79397
},
{
"left": 0.6088,
"top": 0.7741,
"right": 0.72581,
"bottom": 0.79398
},
{
"left": 0.72581,
"top": 0.77411,
"right": 0.82907,
"bottom": 0.79398
},
{
"left": 0.82906,
"top": 0.77412,
"right": 0.93488,
"bottom": 0.79398
}
],
[
{
"left": 0.0479,
"top": 0.79396,
"right": 0.39759,
"bottom": 0.81323
},
{
"left": 0.39753,
"top": 0.79397,
"right": 0.5061,
"bottom": 0.81323
},
{
"left": 0.50609,
"top": 0.79397,
"right": 0.6088,
"bottom": 0.81323
},
{
"left": 0.6088,
"top": 0.79397,
"right": 0.72581,
"bottom": 0.81324
},
{
"left": 0.72581,
"top": 0.79398,
"right": 0.82906,
"bottom": 0.81324
},
{
"left": 0.82906,
"top": 0.79398,
"right": 0.93488,
"bottom": 0.81324
}
],
[
{
"left": 0.0479,
"top": 0.81322,
"right": 0.39764,
"bottom": 0.83303
},
{
"left": 0.39759,
"top": 0.81323,
"right": 0.50611,
"bottom": 0.83303
},
{
"left": 0.5061,
"top": 0.81323,
"right": 0.6088,
"bottom": 0.83303
},
{
"left": 0.6088,
"top": 0.81323,
"right": 0.72581,
"bottom": 0.83303
},
{
"left": 0.72581,
"top": 0.81324,
"right": 0.82906,
"bottom": 0.83303
},
{
"left": 0.82906,
"top": 0.81324,
"right": 0.93488,
"bottom": 0.83303
}
],
[
{
"left": 0.0479,
"top": 0.83303,
"right": 0.3977,
"bottom": 0.85253
},
{
"left": 0.39764,
"top": 0.83303,
"right": 0.50612,
"bottom": 0.85249
},
{
"left": 0.50611,
"top": 0.83303,
"right": 0.6088,
"bottom": 0.85248
},
{
"left": 0.6088,
"top": 0.83303,
"right": 0.72581,
"bottom": 0.85246
},
{
"left": 0.72581,
"top": 0.83303,
"right": 0.82906,
"bottom": 0.85245
},
{
"left": 0.82906,
"top": 0.83303,
"right": 0.93488,
"bottom": 0.85244
}
],
[
{
"left": 0.04791,
"top": 0.85249,
"right": 0.39775,
"bottom": 0.87226
},
{
"left": 0.3977,
"top": 0.85248,
"right": 0.50614,
"bottom": 0.8722
},
{
"left": 0.50612,
"top": 0.85246,
"right": 0.6088,
"bottom": 0.87218
},
{
"left": 0.6088,
"top": 0.85245,
"right": 0.72581,
"bottom": 0.87217
},
{
"left": 0.72581,
"top": 0.85244,
"right": 0.82906,
"bottom": 0.87215
},
{
"left": 0.82906,
"top": 0.85242,
"right": 0.93488,
"bottom": 0.87213
}
],
[
{
"left": 0.04791,
"top": 0.8722,
"right": 0.39781,
"bottom": 0.89191
},
{
"left": 0.39775,
"top": 0.87218,
"right": 0.50615,
"bottom": 0.89184
},
{
"left": 0.50614,
"top": 0.87217,
"right": 0.6088,
"bottom": 0.89181
},
{
"left": 0.6088,
"top": 0.87215,
"right": 0.72581,
"bottom": 0.89179
},
{
"left": 0.72581,
"top": 0.87213,
"right": 0.82906,
"bottom": 0.89177
},
{
"left": 0.82906,
"top": 0.87211,
"right": 0.93487,
"bottom": 0.89174
}
],
[
{
"left": 0.04791,
"top": 0.89184,
"right": 0.39786,
"bottom": 0.91154
},
{
"left": 0.39781,
"top": 0.89181,
"right": 0.50616,
"bottom": 0.9115
},
{
"left": 0.50615,
"top": 0.89179,
"right": 0.6088,
"bottom": 0.91149
},
{
"left": 0.6088,
"top": 0.89177,
"right": 0.72581,
"bottom": 0.91147
},
{
"left": 0.72581,
"top": 0.89174,
"right": 0.82906,
"bottom": 0.91146
},
{
"left": 0.82906,
"top": 0.89172,
"right": 0.93487,
"bottom": 0.91145
}
],
[
{
"left": 0.04791,
"top": 0.9115,
"right": 0.39792,
"bottom": 0.93098
},
{
"left": 0.39786,
"top": 0.91149,
"right": 0.50617,
"bottom": 0.93096
},
{
"left": 0.50616,
"top": 0.91147,
"right": 0.6088,
"bottom": 0.93095
},
{
"left": 0.6088,
"top": 0.91146,
"right": 0.72581,
"bottom": 0.93095
},
{
"left": 0.72581,
"top": 0.91145,
"right": 0.82906,
"bottom": 0.93094
},
{
"left": 0.82905,
"top": 0.91144,
"right": 0.93487,
"bottom": 0.93093
}
]
],
"box": {
"left": 0.04353,
"top": 0.13814,
"right": 0.93988,
"bottom": 0.93943
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzgh2eyh6g15z477yvrref",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 18,
"kind": "text",
"text": "Balance Sheet by Quarter\n",
"box": {
"left": 0.04148,
"top": 0.07105,
"right": 0.40327,
"bottom": 0.12324
},
"chunk_id": "text-0"
},
{
"page": 18,
"kind": "text",
"text": "[ORANGE_DOT_PATTERN_HEXAGON]\nREADY CAPITAL®\n",
"box": {
"left": 0.74712,
"top": 0.04502,
"right": 0.96732,
"bottom": 0.11434
},
"chunk_id": "text-1"
},
{
"page": 18,
"kind": "marginalia",
"text": "18\n",
"box": {
"left": 0.93016,
"top": 0.95278,
"right": 0.94874,
"bottom": 0.97506
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 19,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgk6s75kxr0jm2m1gaben",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 2.2,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p19.ade.json",
"figures": [],
"tables": [
{
"page": 19,
"cells": [
[
"(In thousands, except share data)",
"Q1 2025",
"Q2 2025",
"Q3 2025",
"Q4 2025",
"Q1 2026"
],
[
"Interest income",
"$ 154,967",
"$ 152,735",
"$ 137,491",
"$ 123,973",
"$ 81,730"
],
[
"Interest expense",
"(140,466)",
"(135,837)",
"(126,971)",
"(110,851)",
"(96,834)"
],
[
"Net interest income before (provision for) recovery of loan losses",
"$ 14,501",
"$ 16,898",
"$ 10,520",
"$ 13,122",
"$ (15,104)"
],
[
"Recovery of (provision for) loan losses",
"109,568",
"(8,640)",
"(37,977)",
"(149,989)",
"(70,907)"
],
[
"Net interest income after (provision for) recovery of loan losses",
"$ 124,069",
"$ 8,258",
"$ (27,457)",
"$ (136,867)",
"$ (86,011)"
],
[
"Non-interest income",
"",
"",
"",
"",
""
],
[
"Net realized gain (loss) on financial instruments and real estate owned",
"10,669",
"18,214",
"(160,396)",
"(10,599)",
"(60,085)"
],
[
"Net unrealized gain (loss) on financial instruments",
"(1,750)",
"(1,614)",
"2,914",
"(12,703)",
"(6,920)"
],
[
"Valuation (allowance) recovery, loans held for sale",
"(99,718)",
"(39,746)",
"178,225",
"(23,318)",
"(6,557)"
],
[
"Servicing income, net of amortization and impairment",
"6,456",
"(304)",
"7,509",
"5,042",
"5,421"
],
[
"Income (loss) on unconsolidated joint ventures",
"(3,982)",
"(144)",
"7,417",
"1,271",
"2,059"
],
[
"Gain (loss) on bargain purchase",
"102,471",
"(14,381)",
"24,472",
"(3,013)",
"—"
],
[
"Other income",
"11,590",
"11,304",
"14,773",
"16,049",
"18,065"
],
[
"Total non-interest income (expense)",
"$ 25,736",
"$ (26,671)",
"$ 74,914",
"$ (27,271)",
"$ (48,017)"
],
[
"Non-interest expense",
"",
"",
"",
"",
""
],
[
"Employee compensation and benefits",
"(21,254)",
"(23,159)",
"(21,151)",
"(23,923)",
"(23,848)"
],
[
"Allocated employee compensation and benefits from related party",
"(3,276)",
"(3,600)",
"(3,602)",
"(4,350)",
"(3,600)"
],
[
"Professional fees",
"(5,488)",
"(6,368)",
"(6,008)",
"(12,973)",
"(6,655)"
],
[
"Management fees – related party",
"(5,577)",
"(5,072)",
"(5,156)",
"(4,543)",
"(4,076)"
],
[
"Loan servicing expense",
"(15,844)",
"(11,038)",
"(9,771)",
"(4,605)",
"(15,674)"
],
[
"Transaction related expenses",
"(2,694)",
"(639)",
"(1,910)",
"(807)",
"(335)"
],
[
"Impairment on real estate",
"(2,346)",
"(4,268)",
"(1,862)",
"(15,027)",
"469"
],
[
"Other operating expenses",
"(16,123)",
"(16,133)",
"(24,879)",
"(33,821)",
"(29,014)"
],
[
"Total non-interest expense",
"$ (72,602)",
"$ (70,277)",
"$ (74,339)",
"$ (100,049)",
"$ (82,733)"
],
[
"Income (loss) from continuing operations before income tax benefit",
"$ 77,203",
"$ (88,690)",
"$ (26,882)",
"$ (264,187)",
"$(216,761)"
],
[
"Income tax benefit",
"5,207",
"39,939",
"9,935",
"31,622",
"16,674"
],
[
"Net income (loss) from continuing operations",
"$ 82,410",
"$ (48,751)",
"$ (16,947)",
"$ (232,565)",
"$(200,087)"
],
[
"Discontinued operations",
"",
"",
"",
"",
""
],
[
"Income (loss) from discontinued operations before benefit (provision) for income taxes",
"$ (594)",
"$ (6,567)",
"$ 280",
"$ (63)",
"$—"
],
[
"Income tax benefit (provision)",
"149",
"1,641",
"(70)",
"16",
"—"
],
[
"Net income (loss) from discontinued operations",
"$ (445)",
"$ (4,926)",
"$ 210",
"$ (47)",
"$ —"
],
[
"Net income (loss)",
"$ 81,965",
"$ (53,677)",
"$ (16,737)",
"$ (232,612)",
"$ (200,087)"
],
[
"Less: Dividends on preferred stock",
"1,999",
"1,999",
"1,999",
"1,999",
"1,999"
],
[
"Less: Net income attributable to non-controlling interest",
"2,460",
"1,814",
"2,008",
"1,572",
"1,642"
],
[
"Net income (loss) attributable to Ready Capital Corporation",
"$ 77,506",
"$ (57,490)",
"$ (20,744)",
"$ (236,183)",
"$(203,728)"
],
[
"",
"",
"",
"",
"",
""
],
[
"Earnings per common share from continuing operations - basic",
"$ 0.47",
"$ (0.31)",
"$ (0.13)",
"$ (1.46)",
"$(1.25)"
],
[
"Earnings per common share from discontinued operations - basic",
"$ 0.00",
"$ (0.03)",
"$ 0.00",
"$ 0.00",
"$0.00"
],
[
"",
"",
"",
"",
"",
""
],
[
"Earnings per common share from continuing operations - diluted",
"$ 0.46",
"$ (0.31)",
"$ (0.13)",
"$ (1.46)",
"$ (1.25)"
],
[
"Earnings per common share from discontinued operations - diluted",
"$ 0.00",
"$ (0.03)",
"$ 0.00",
"$ 0.00",
"$ 0.00"
],
[
"Weighted-average shares outstanding - Basic",
"165,166,276",
"167,749,917",
"163,574,703",
"161,734,869",
"163,674,011"
],
[
"Weighted-average shares outstanding - Diluted",
"167,723,519",
"170,673,088",
"165,873,807",
"164,450,230",
"167,650,149"
],
[
"Dividends declared per share of common stock",
"$ 0.125",
"$ 0.125",
"$ 0.125",
"$ 0.01",
"$ 0.01"
]
],
"cell_boxes": [
[
{
"left": 0.04869,
"top": 0.14564,
"right": 0.4506,
"bottom": 0.16284
},
{
"left": 0.45059,
"top": 0.14557,
"right": 0.54779,
"bottom": 0.1627
},
{
"left": 0.54778,
"top": 0.14549,
"right": 0.6517,
"bottom": 0.16267
},
{
"left": 0.6517,
"top": 0.14541,
"right": 0.75419,
"bottom": 0.16263
},
{
"left": 0.75418,
"top": 0.14533,
"right": 0.85803,
"bottom": 0.16259
},
{
"left": 0.85802,
"top": 0.14526,
"right": 0.95728,
"bottom": 0.16256
}
],
[
{
"left": 0.04869,
"top": 0.1627,
"right": 0.45059,
"bottom": 0.18012
},
{
"left": 0.45059,
"top": 0.16267,
"right": 0.54778,
"bottom": 0.17998
},
{
"left": 0.54777,
"top": 0.16263,
"right": 0.6517,
"bottom": 0.17995
},
{
"left": 0.6517,
"top": 0.16259,
"right": 0.75418,
"bottom": 0.17991
},
{
"left": 0.75418,
"top": 0.16256,
"right": 0.85802,
"bottom": 0.17988
},
{
"left": 0.85801,
"top": 0.16253,
"right": 0.95729,
"bottom": 0.17984
}
],
[
{
"left": 0.04869,
"top": 0.17998,
"right": 0.45059,
"bottom": 0.19741
},
{
"left": 0.45059,
"top": 0.17995,
"right": 0.54777,
"bottom": 0.19742
},
{
"left": 0.54776,
"top": 0.17991,
"right": 0.6517,
"bottom": 0.19743
},
{
"left": 0.65169,
"top": 0.17988,
"right": 0.75418,
"bottom": 0.19744
},
{
"left": 0.75417,
"top": 0.17984,
"right": 0.85801,
"bottom": 0.19744
},
{
"left": 0.858,
"top": 0.1798,
"right": 0.95729,
"bottom": 0.19745
}
],
[
{
"left": 0.04869,
"top": 0.19738,
"right": 0.45059,
"bottom": 0.21445
},
{
"left": 0.45058,
"top": 0.19741,
"right": 0.54776,
"bottom": 0.21442
},
{
"left": 0.54776,
"top": 0.19742,
"right": 0.65169,
"bottom": 0.21441
},
{
"left": 0.65169,
"top": 0.19743,
"right": 0.75417,
"bottom": 0.21441
},
{
"left": 0.75417,
"top": 0.19744,
"right": 0.858,
"bottom": 0.2144
},
{
"left": 0.858,
"top": 0.19744,
"right": 0.9573,
"bottom": 0.21439
}
],
[
{
"left": 0.04869,
"top": 0.21442,
"right": 0.45058,
"bottom": 0.23195
},
{
"left": 0.45058,
"top": 0.21441,
"right": 0.54776,
"bottom": 0.23193
},
{
"left": 0.54775,
"top": 0.21441,
"right": 0.65169,
"bottom": 0.23193
},
{
"left": 0.65169,
"top": 0.2144,
"right": 0.75417,
"bottom": 0.23192
},
{
"left": 0.75416,
"top": 0.21439,
"right": 0.858,
"bottom": 0.23192
},
{
"left": 0.85799,
"top": 0.21439,
"right": 0.95731,
"bottom": 0.23191
}
],
[
{
"left": 0.04868,
"top": 0.23193,
"right": 0.45058,
"bottom": 0.24884
},
{
"left": 0.45057,
"top": 0.23193,
"right": 0.54775,
"bottom": 0.24879
},
{
"left": 0.54774,
"top": 0.23192,
"right": 0.65169,
"bottom": 0.24878
},
{
"left": 0.65169,
"top": 0.23192,
"right": 0.75416,
"bottom": 0.24877
},
{
"left": 0.75416,
"top": 0.23191,
"right": 0.85799,
"bottom": 0.24876
},
{
"left": 0.85798,
"top": 0.23191,
"right": 0.95731,
"bottom": 0.24874
}
],
[
{
"left": 0.04868,
"top": 0.24879,
"right": 0.45057,
"bottom": 0.26594
},
{
"left": 0.45057,
"top": 0.24878,
"right": 0.54774,
"bottom": 0.26588
},
{
"left": 0.54773,
"top": 0.24877,
"right": 0.65169,
"bottom": 0.26586
},
{
"left": 0.65169,
"top": 0.24876,
"right": 0.75416,
"bottom": 0.26585
},
{
"left": 0.75415,
"top": 0.24874,
"right": 0.85798,
"bottom": 0.26583
},
{
"left": 0.85798,
"top": 0.24873,
"right": 0.95732,
"bottom": 0.26582
}
],
[
{
"left": 0.04868,
"top": 0.26588,
"right": 0.45057,
"bottom": 0.28314
},
{
"left": 0.45056,
"top": 0.26586,
"right": 0.54773,
"bottom": 0.28309
},
{
"left": 0.54773,
"top": 0.26585,
"right": 0.65169,
"bottom": 0.28308
},
{
"left": 0.65169,
"top": 0.26583,
"right": 0.75415,
"bottom": 0.28307
},
{
"left": 0.75415,
"top": 0.26582,
"right": 0.85798,
"bottom": 0.28306
},
{
"left": 0.85797,
"top": 0.2658,
"right": 0.95732,
"bottom": 0.28305
}
],
[
{
"left": 0.04868,
"top": 0.28309,
"right": 0.45056,
"bottom": 0.3006
},
{
"left": 0.45056,
"top": 0.28308,
"right": 0.54773,
"bottom": 0.30055
},
{
"left": 0.54772,
"top": 0.28307,
"right": 0.65169,
"bottom": 0.30054
},
{
"left": 0.65169,
"top": 0.28306,
"right": 0.75415,
"bottom": 0.30053
},
{
"left": 0.75414,
"top": 0.28305,
"right": 0.85797,
"bottom": 0.30052
},
{
"left": 0.85796,
"top": 0.28303,
"right": 0.95733,
"bottom": 0.3005
}
],
[
{
"left": 0.04868,
"top": 0.30055,
"right": 0.45056,
"bottom": 0.31712
},
{
"left": 0.45056,
"top": 0.30054,
"right": 0.54772,
"bottom": 0.3171
},
{
"left": 0.54771,
"top": 0.30053,
"right": 0.65169,
"bottom": 0.31709
},
{
"left": 0.65168,
"top": 0.30052,
"right": 0.75414,
"bottom": 0.31709
},
{
"left": 0.75414,
"top": 0.3005,
"right": 0.85796,
"bottom": 0.31708
},
{
"left": 0.85795,
"top": 0.30049,
"right": 0.95733,
"bottom": 0.31707
}
],
[
{
"left": 0.04868,
"top": 0.3171,
"right": 0.45056,
"bottom": 0.33474
},
{
"left": 0.45055,
"top": 0.31709,
"right": 0.54771,
"bottom": 0.33466
},
{
"left": 0.5477,
"top": 0.31709,
"right": 0.65168,
"bottom": 0.33464
},
{
"left": 0.65168,
"top": 0.31708,
"right": 0.75414,
"bottom": 0.33461
},
{
"left": 0.75413,
"top": 0.31707,
"right": 0.85795,
"bottom": 0.33459
},
{
"left": 0.85795,
"top": 0.31707,
"right": 0.95734,
"bottom": 0.33457
}
],
[
{
"left": 0.04867,
"top": 0.33466,
"right": 0.45055,
"bottom": 0.35198
},
{
"left": 0.45055,
"top": 0.33464,
"right": 0.5477,
"bottom": 0.35189
},
{
"left": 0.5477,
"top": 0.33461,
"right": 0.65168,
"bottom": 0.35187
},
{
"left": 0.65168,
"top": 0.33459,
"right": 0.75413,
"bottom": 0.35185
},
{
"left": 0.75413,
"top": 0.33457,
"right": 0.85795,
"bottom": 0.35182
},
{
"left": 0.85794,
"top": 0.33455,
"right": 0.95734,
"bottom": 0.3518
}
],
[
{
"left": 0.04867,
"top": 0.35189,
"right": 0.45055,
"bottom": 0.3693
},
{
"left": 0.45054,
"top": 0.35187,
"right": 0.5477,
"bottom": 0.36921
},
{
"left": 0.54769,
"top": 0.35185,
"right": 0.65168,
"bottom": 0.36919
},
{
"left": 0.65168,
"top": 0.35182,
"right": 0.75413,
"bottom": 0.36917
},
{
"left": 0.75413,
"top": 0.3518,
"right": 0.85794,
"bottom": 0.36914
},
{
"left": 0.85793,
"top": 0.35178,
"right": 0.95735,
"bottom": 0.36912
}
],
[
{
"left": 0.04867,
"top": 0.36921,
"right": 0.45054,
"bottom": 0.38631
},
{
"left": 0.45054,
"top": 0.36919,
"right": 0.54769,
"bottom": 0.38621
},
{
"left": 0.54768,
"top": 0.36917,
"right": 0.65168,
"bottom": 0.38618
},
{
"left": 0.65168,
"top": 0.36914,
"right": 0.75413,
"bottom": 0.38615
},
{
"left": 0.75412,
"top": 0.36912,
"right": 0.85793,
"bottom": 0.38613
},
{
"left": 0.85792,
"top": 0.3691,
"right": 0.95735,
"bottom": 0.3861
}
],
[
{
"left": 0.04867,
"top": 0.38621,
"right": 0.45054,
"bottom": 0.40335
},
{
"left": 0.45053,
"top": 0.38618,
"right": 0.54768,
"bottom": 0.40327
},
{
"left": 0.54768,
"top": 0.38615,
"right": 0.65168,
"bottom": 0.40325
},
{
"left": 0.65168,
"top": 0.38613,
"right": 0.75412,
"bottom": 0.40323
},
{
"left": 0.75412,
"top": 0.3861,
"right": 0.85792,
"bottom": 0.40321
},
{
"left": 0.85792,
"top": 0.38607,
"right": 0.95736,
"bottom": 0.4032
}
],
[
{
"left": 0.04867,
"top": 0.40327,
"right": 0.45053,
"bottom": 0.42029
},
{
"left": 0.45053,
"top": 0.40325,
"right": 0.54768,
"bottom": 0.42021
},
{
"left": 0.54767,
"top": 0.40323,
"right": 0.65168,
"bottom": 0.42019
},
{
"left": 0.65168,
"top": 0.40321,
"right": 0.75412,
"bottom": 0.42017
},
{
"left": 0.75411,
"top": 0.4032,
"right": 0.85792,
"bottom": 0.42015
},
{
"left": 0.85791,
"top": 0.40318,
"right": 0.95736,
"bottom": 0.42013
}
],
[
{
"left": 0.04867,
"top": 0.42021,
"right": 0.45053,
"bottom": 0.43915
},
{
"left": 0.45053,
"top": 0.42019,
"right": 0.54767,
"bottom": 0.43908
},
{
"left": 0.54766,
"top": 0.42017,
"right": 0.65168,
"bottom": 0.43906
},
{
"left": 0.65168,
"top": 0.42015,
"right": 0.75411,
"bottom": 0.43904
},
{
"left": 0.75411,
"top": 0.42013,
"right": 0.85791,
"bottom": 0.43903
},
{
"left": 0.8579,
"top": 0.42011,
"right": 0.95737,
"bottom": 0.43901
}
],
[
{
"left": 0.04866,
"top": 0.43908,
"right": 0.45053,
"bottom": 0.45592
},
{
"left": 0.45052,
"top": 0.43906,
"right": 0.54766,
"bottom": 0.45587
},
{
"left": 0.54765,
"top": 0.43904,
"right": 0.65168,
"bottom": 0.45586
},
{
"left": 0.65167,
"top": 0.43903,
"right": 0.75411,
"bottom": 0.45585
},
{
"left": 0.7541,
"top": 0.43901,
"right": 0.8579,
"bottom": 0.45583
},
{
"left": 0.8579,
"top": 0.43899,
"right": 0.95738,
"bottom": 0.45582
}
],
[
{
"left": 0.04866,
"top": 0.45587,
"right": 0.45052,
"bottom": 0.47333
},
{
"left": 0.45052,
"top": 0.45586,
"right": 0.54765,
"bottom": 0.47328
},
{
"left": 0.54765,
"top": 0.45585,
"right": 0.65167,
"bottom": 0.47327
},
{
"left": 0.65167,
"top": 0.45583,
"right": 0.7541,
"bottom": 0.47326
},
{
"left": 0.7541,
"top": 0.45582,
"right": 0.8579,
"bottom": 0.47324
},
{
"left": 0.85789,
"top": 0.45581,
"right": 0.95738,
"bottom": 0.47323
}
],
[
{
"left": 0.04866,
"top": 0.47328,
"right": 0.45052,
"bottom": 0.49035
},
{
"left": 0.45051,
"top": 0.47327,
"right": 0.54765,
"bottom": 0.49028
},
{
"left": 0.54764,
"top": 0.47326,
"right": 0.65167,
"bottom": 0.49027
},
{
"left": 0.65167,
"top": 0.47324,
"right": 0.7541,
"bottom": 0.49025
},
{
"left": 0.75409,
"top": 0.47323,
"right": 0.85789,
"bottom": 0.49023
},
{
"left": 0.85788,
"top": 0.47322,
"right": 0.95739,
"bottom": 0.49022
}
],
[
{
"left": 0.04866,
"top": 0.49028,
"right": 0.45051,
"bottom": 0.50775
},
{
"left": 0.45051,
"top": 0.49027,
"right": 0.54764,
"bottom": 0.50769
},
{
"left": 0.54763,
"top": 0.49025,
"right": 0.65167,
"bottom": 0.50768
},
{
"left": 0.65167,
"top": 0.49023,
"right": 0.75409,
"bottom": 0.50766
},
{
"left": 0.75409,
"top": 0.49022,
"right": 0.85788,
"bottom": 0.50765
},
{
"left": 0.85787,
"top": 0.4902,
"right": 0.95739,
"bottom": 0.50763
}
],
[
{
"left": 0.04866,
"top": 0.50769,
"right": 0.45051,
"bottom": 0.52452
},
{
"left": 0.4505,
"top": 0.50768,
"right": 0.54763,
"bottom": 0.52445
},
{
"left": 0.54762,
"top": 0.50766,
"right": 0.65167,
"bottom": 0.52444
},
{
"left": 0.65167,
"top": 0.50765,
"right": 0.75409,
"bottom": 0.52442
},
{
"left": 0.75408,
"top": 0.50763,
"right": 0.85787,
"bottom": 0.52441
},
{
"left": 0.85787,
"top": 0.50762,
"right": 0.9574,
"bottom": 0.52439
}
],
[
{
"left": 0.04866,
"top": 0.52445,
"right": 0.4505,
"bottom": 0.54196
},
{
"left": 0.4505,
"top": 0.52444,
"right": 0.54762,
"bottom": 0.54189
},
{
"left": 0.54762,
"top": 0.52442,
"right": 0.65167,
"bottom": 0.54187
},
{
"left": 0.65167,
"top": 0.52441,
"right": 0.75408,
"bottom": 0.54185
},
{
"left": 0.75408,
"top": 0.52439,
"right": 0.85787,
"bottom": 0.54183
},
{
"left": 0.85786,
"top": 0.52437,
"right": 0.9574,
"bottom": 0.54181
}
],
[
{
"left": 0.04865,
"top": 0.54189,
"right": 0.4505,
"bottom": 0.559
},
{
"left": 0.4505,
"top": 0.54187,
"right": 0.54762,
"bottom": 0.55893
},
{
"left": 0.54761,
"top": 0.54185,
"right": 0.65167,
"bottom": 0.55891
},
{
"left": 0.65167,
"top": 0.54183,
"right": 0.75408,
"bottom": 0.55889
},
{
"left": 0.75407,
"top": 0.54181,
"right": 0.85786,
"bottom": 0.55887
},
{
"left": 0.85785,
"top": 0.54179,
"right": 0.95741,
"bottom": 0.55885
}
],
[
{
"left": 0.04865,
"top": 0.55893,
"right": 0.4505,
"bottom": 0.57613
},
{
"left": 0.45049,
"top": 0.55891,
"right": 0.54761,
"bottom": 0.5761
},
{
"left": 0.5476,
"top": 0.55889,
"right": 0.65167,
"bottom": 0.57609
},
{
"left": 0.65167,
"top": 0.55887,
"right": 0.75407,
"bottom": 0.57608
},
{
"left": 0.75407,
"top": 0.55885,
"right": 0.85785,
"bottom": 0.57607
},
{
"left": 0.85784,
"top": 0.55883,
"right": 0.95741,
"bottom": 0.57606
}
],
[
{
"left": 0.04865,
"top": 0.5761,
"right": 0.45049,
"bottom": 0.59341
},
{
"left": 0.45049,
"top": 0.57609,
"right": 0.5476,
"bottom": 0.59336
},
{
"left": 0.54759,
"top": 0.57608,
"right": 0.65167,
"bottom": 0.59335
},
{
"left": 0.65166,
"top": 0.57607,
"right": 0.75407,
"bottom": 0.59334
},
{
"left": 0.75406,
"top": 0.57606,
"right": 0.85784,
"bottom": 0.59333
},
{
"left": 0.85784,
"top": 0.57605,
"right": 0.95742,
"bottom": 0.59332
}
],
[
{
"left": 0.04865,
"top": 0.59336,
"right": 0.45049,
"bottom": 0.6105
},
{
"left": 0.45048,
"top": 0.59335,
"right": 0.54759,
"bottom": 0.61048
},
{
"left": 0.54759,
"top": 0.59334,
"right": 0.65166,
"bottom": 0.61048
},
{
"left": 0.65166,
"top": 0.59333,
"right": 0.75406,
"bottom": 0.61047
},
{
"left": 0.75406,
"top": 0.59332,
"right": 0.85784,
"bottom": 0.61047
},
{
"left": 0.85783,
"top": 0.59331,
"right": 0.95743,
"bottom": 0.61047
}
],
[
{
"left": 0.04865,
"top": 0.61048,
"right": 0.45048,
"bottom": 0.62759
},
{
"left": 0.45048,
"top": 0.61048,
"right": 0.54759,
"bottom": 0.62756
},
{
"left": 0.54758,
"top": 0.61047,
"right": 0.65166,
"bottom": 0.62755
},
{
"left": 0.65166,
"top": 0.61047,
"right": 0.75406,
"bottom": 0.62754
},
{
"left": 0.75406,
"top": 0.61047,
"right": 0.85783,
"bottom": 0.62753
},
{
"left": 0.85782,
"top": 0.61046,
"right": 0.95743,
"bottom": 0.62752
}
],
[
{
"left": 0.04865,
"top": 0.62756,
"right": 0.45048,
"bottom": 0.64468
},
{
"left": 0.45047,
"top": 0.62755,
"right": 0.54758,
"bottom": 0.64465
},
{
"left": 0.54757,
"top": 0.62754,
"right": 0.65166,
"bottom": 0.64464
},
{
"left": 0.65166,
"top": 0.62753,
"right": 0.75406,
"bottom": 0.64464
},
{
"left": 0.75405,
"top": 0.62752,
"right": 0.85782,
"bottom": 0.64463
},
{
"left": 0.85782,
"top": 0.62751,
"right": 0.95744,
"bottom": 0.64462
}
],
[
{
"left": 0.04864,
"top": 0.64465,
"right": 0.45047,
"bottom": 0.66216
},
{
"left": 0.45047,
"top": 0.64464,
"right": 0.54757,
"bottom": 0.66215
},
{
"left": 0.54756,
"top": 0.64464,
"right": 0.65166,
"bottom": 0.66215
},
{
"left": 0.65166,
"top": 0.64463,
"right": 0.75405,
"bottom": 0.66214
},
{
"left": 0.75405,
"top": 0.64462,
"right": 0.85782,
"bottom": 0.66214
},
{
"left": 0.85781,
"top": 0.64461,
"right": 0.95744,
"bottom": 0.66214
}
],
[
{
"left": 0.04864,
"top": 0.66215,
"right": 0.45047,
"bottom": 0.67911
},
{
"left": 0.45047,
"top": 0.66215,
"right": 0.54756,
"bottom": 0.67907
},
{
"left": 0.54756,
"top": 0.66214,
"right": 0.65166,
"bottom": 0.67906
},
{
"left": 0.65166,
"top": 0.66214,
"right": 0.75405,
"bottom": 0.67904
},
{
"left": 0.75404,
"top": 0.66214,
"right": 0.85781,
"bottom": 0.67903
},
{
"left": 0.8578,
"top": 0.66213,
"right": 0.95745,
"bottom": 0.67902
}
],
[
{
"left": 0.04864,
"top": 0.67907,
"right": 0.45047,
"bottom": 0.6961
},
{
"left": 0.45046,
"top": 0.67906,
"right": 0.54756,
"bottom": 0.69605
},
{
"left": 0.54755,
"top": 0.67904,
"right": 0.65166,
"bottom": 0.69604
},
{
"left": 0.65166,
"top": 0.67903,
"right": 0.75404,
"bottom": 0.69603
},
{
"left": 0.75404,
"top": 0.67902,
"right": 0.8578,
"bottom": 0.69602
},
{
"left": 0.85779,
"top": 0.67901,
"right": 0.95745,
"bottom": 0.69601
}
],
[
{
"left": 0.04864,
"top": 0.69605,
"right": 0.45046,
"bottom": 0.71335
},
{
"left": 0.45046,
"top": 0.69604,
"right": 0.54755,
"bottom": 0.71333
},
{
"left": 0.54754,
"top": 0.69603,
"right": 0.65166,
"bottom": 0.71333
},
{
"left": 0.65165,
"top": 0.69602,
"right": 0.75404,
"bottom": 0.71332
},
{
"left": 0.75403,
"top": 0.69601,
"right": 0.85779,
"bottom": 0.71332
},
{
"left": 0.85779,
"top": 0.696,
"right": 0.95746,
"bottom": 0.71331
}
],
[
{
"left": 0.04864,
"top": 0.71333,
"right": 0.45046,
"bottom": 0.73025
},
{
"left": 0.45045,
"top": 0.71333,
"right": 0.54754,
"bottom": 0.73024
},
{
"left": 0.54754,
"top": 0.71332,
"right": 0.65165,
"bottom": 0.73023
},
{
"left": 0.65165,
"top": 0.71332,
"right": 0.75403,
"bottom": 0.73023
},
{
"left": 0.75403,
"top": 0.71331,
"right": 0.85779,
"bottom": 0.73023
},
{
"left": 0.85778,
"top": 0.7133,
"right": 0.95746,
"bottom": 0.73022
}
],
[
{
"left": 0.04864,
"top": 0.73024,
"right": 0.45045,
"bottom": 0.74783
},
{
"left": 0.45045,
"top": 0.73023,
"right": 0.54754,
"bottom": 0.74782
},
{
"left": 0.54753,
"top": 0.73023,
"right": 0.65165,
"bottom": 0.74782
},
{
"left": 0.65165,
"top": 0.73023,
"right": 0.75403,
"bottom": 0.74781
},
{
"left": 0.75402,
"top": 0.73022,
"right": 0.85778,
"bottom": 0.74781
},
{
"left": 0.85777,
"top": 0.73022,
"right": 0.95747,
"bottom": 0.74781
}
],
[
{
"left": 0.04864,
"top": 0.74782,
"right": 0.45045,
"bottom": 0.76495
},
{
"left": 0.45044,
"top": 0.74782,
"right": 0.54753,
"bottom": 0.76493
},
{
"left": 0.54752,
"top": 0.74781,
"right": 0.65165,
"bottom": 0.76492
},
{
"left": 0.65165,
"top": 0.74781,
"right": 0.75402,
"bottom": 0.76492
},
{
"left": 0.75402,
"top": 0.74781,
"right": 0.85777,
"bottom": 0.76491
},
{
"left": 0.85776,
"top": 0.7478,
"right": 0.95747,
"bottom": 0.76491
}
],
[
{
"left": 0.04863,
"top": 0.76493,
"right": 0.45044,
"bottom": 0.78199
},
{
"left": 0.45044,
"top": 0.76492,
"right": 0.54752,
"bottom": 0.78194
},
{
"left": 0.54751,
"top": 0.76492,
"right": 0.65165,
"bottom": 0.78193
},
{
"left": 0.65165,
"top": 0.76491,
"right": 0.75402,
"bottom": 0.78192
},
{
"left": 0.75401,
"top": 0.76491,
"right": 0.85776,
"bottom": 0.78191
},
{
"left": 0.85776,
"top": 0.7649,
"right": 0.95748,
"bottom": 0.78189
}
],
[
{
"left": 0.04863,
"top": 0.78194,
"right": 0.45044,
"bottom": 0.79905
},
{
"left": 0.45044,
"top": 0.78193,
"right": 0.54751,
"bottom": 0.79905
},
{
"left": 0.54751,
"top": 0.78192,
"right": 0.65165,
"bottom": 0.79904
},
{
"left": 0.65165,
"top": 0.78191,
"right": 0.75401,
"bottom": 0.79904
},
{
"left": 0.75401,
"top": 0.78189,
"right": 0.85776,
"bottom": 0.79904
},
{
"left": 0.85775,
"top": 0.78188,
"right": 0.95748,
"bottom": 0.79904
}
],
[
{
"left": 0.04863,
"top": 0.79905,
"right": 0.45044,
"bottom": 0.81646
},
{
"left": 0.45043,
"top": 0.79904,
"right": 0.54751,
"bottom": 0.81644
},
{
"left": 0.5475,
"top": 0.79904,
"right": 0.65165,
"bottom": 0.81644
},
{
"left": 0.65165,
"top": 0.79904,
"right": 0.75401,
"bottom": 0.81643
},
{
"left": 0.754,
"top": 0.79904,
"right": 0.85775,
"bottom": 0.81642
},
{
"left": 0.85774,
"top": 0.79904,
"right": 0.95749,
"bottom": 0.81642
}
],
[
{
"left": 0.04863,
"top": 0.81644,
"right": 0.45043,
"bottom": 0.83328
},
{
"left": 0.45043,
"top": 0.81644,
"right": 0.5475,
"bottom": 0.8333
},
{
"left": 0.54749,
"top": 0.81643,
"right": 0.65165,
"bottom": 0.83331
},
{
"left": 0.65165,
"top": 0.81642,
"right": 0.754,
"bottom": 0.83333
},
{
"left": 0.754,
"top": 0.81642,
"right": 0.85774,
"bottom": 0.83334
},
{
"left": 0.85774,
"top": 0.81641,
"right": 0.9575,
"bottom": 0.83336
}
],
[
{
"left": 0.04863,
"top": 0.83322,
"right": 0.45043,
"bottom": 0.85093
},
{
"left": 0.45042,
"top": 0.83328,
"right": 0.54749,
"bottom": 0.85093
},
{
"left": 0.54748,
"top": 0.8333,
"right": 0.65165,
"bottom": 0.85094
},
{
"left": 0.65164,
"top": 0.83331,
"right": 0.754,
"bottom": 0.85095
},
{
"left": 0.75399,
"top": 0.83333,
"right": 0.85774,
"bottom": 0.85095
},
{
"left": 0.85773,
"top": 0.83334,
"right": 0.9575,
"bottom": 0.85096
}
],
[
{
"left": 0.04863,
"top": 0.85091,
"right": 0.45042,
"bottom": 0.86783
},
{
"left": 0.45042,
"top": 0.85093,
"right": 0.54748,
"bottom": 0.86779
},
{
"left": 0.54748,
"top": 0.85093,
"right": 0.65164,
"bottom": 0.86778
},
{
"left": 0.65164,
"top": 0.85094,
"right": 0.75399,
"bottom": 0.86777
},
{
"left": 0.75399,
"top": 0.85095,
"right": 0.85773,
"bottom": 0.86776
},
{
"left": 0.85772,
"top": 0.85095,
"right": 0.95751,
"bottom": 0.86775
}
],
[
{
"left": 0.04862,
"top": 0.86779,
"right": 0.45042,
"bottom": 0.88539
},
{
"left": 0.45041,
"top": 0.86778,
"right": 0.54748,
"bottom": 0.8853
},
{
"left": 0.54747,
"top": 0.86777,
"right": 0.65164,
"bottom": 0.88528
},
{
"left": 0.65164,
"top": 0.86776,
"right": 0.75399,
"bottom": 0.88525
},
{
"left": 0.75398,
"top": 0.86775,
"right": 0.85772,
"bottom": 0.88523
},
{
"left": 0.85771,
"top": 0.86774,
"right": 0.95751,
"bottom": 0.88521
}
],
[
{
"left": 0.04862,
"top": 0.8853,
"right": 0.45041,
"bottom": 0.90198
},
{
"left": 0.45041,
"top": 0.88528,
"right": 0.54747,
"bottom": 0.90197
},
{
"left": 0.54746,
"top": 0.88525,
"right": 0.65164,
"bottom": 0.90197
},
{
"left": 0.65164,
"top": 0.88523,
"right": 0.75398,
"bottom": 0.90196
},
{
"left": 0.75398,
"top": 0.88521,
"right": 0.85771,
"bottom": 0.90196
},
{
"left": 0.85771,
"top": 0.88518,
"right": 0.95752,
"bottom": 0.90195
}
],
[
{
"left": 0.04862,
"top": 0.90197,
"right": 0.45041,
"bottom": 0.91925
},
{
"left": 0.45041,
"top": 0.90197,
"right": 0.54746,
"bottom": 0.91919
},
{
"left": 0.54745,
"top": 0.90196,
"right": 0.65164,
"bottom": 0.91917
},
{
"left": 0.65164,
"top": 0.90196,
"right": 0.75398,
"bottom": 0.91915
},
{
"left": 0.75398,
"top": 0.90195,
"right": 0.85771,
"bottom": 0.91914
},
{
"left": 0.8577,
"top": 0.90195,
"right": 0.95752,
"bottom": 0.91912
}
]
],
"box": {
"left": 0.04347,
"top": 0.13686,
"right": 0.9628,
"bottom": 0.928
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzgk6s75kxr0jm2m1gaben",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 19,
"kind": "text",
"text": "Statement of Operations by Quarter\n",
"box": {
"left": 0.04096,
"top": 0.07122,
"right": 0.53425,
"bottom": 0.12356
},
"chunk_id": "text-0"
},
{
"page": 19,
"kind": "marginalia",
"text": "19\n",
"box": {
"left": 0.92971,
"top": 0.95285,
"right": 0.94888,
"bottom": 0.97503
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 20,
"status": "tables",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgk84wz7r786grycy41tx",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 2.6,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p20.ade.json",
"figures": [],
"tables": [
{
"page": 20,
"cells": [
[
"(In thousands, except share data)",
"Q1 2025",
"Q2 2025",
"Q3 2025",
"Q4 2025",
"Q1 2026"
],
[
"Net Income (loss)",
"$ 81,965",
"$ (53,677)",
"$ (16,737)",
"$ (232,612)",
"$ (200,087)"
],
[
"Reconciling items:",
"",
"",
"",
"",
""
],
[
"Unrealized (gain) loss on MSR - discontinued operations",
"$ 8,952",
"$ —",
"$ —",
"$ —",
"$ —"
],
[
"Unrealized (gain) loss on joint ventures",
"5,639",
"1,019",
"(4,336)",
"523",
"(1,137)"
],
[
"Increase (decrease) in CECL reserve",
"(112,127)",
"487",
"32,844",
"113,974",
"26,673"
],
[
"Increase (decrease) in valuation allowance",
"99,718",
"39,746",
"(178,225)",
"23,318",
"6,557"
],
[
"Non-recurring REO impairment",
"2,346",
"4,418",
"1,862",
"15,027",
"(469)"
],
[
"Non-cash compensation",
"1,785",
"1,634",
"1,591",
"797",
"1,629"
],
[
"Unrealized (gain) loss on preferred equity, at fair value",
"—",
"4,227",
"(1,949)",
"10,645",
"7,236"
],
[
"Merger transaction costs and other non-recurring expenses",
"2,993",
"3,661",
"2,220",
"3,102",
"654"
],
[
"(Gain) loss on bargain purchase",
"(102,471)",
"14,381",
"(24,472)",
"3,013",
"—"
],
[
"Depreciation and amortization on real estate owned",
"—",
"—",
"1,100",
"1,712",
"1,576"
],
[
"Realized losses on sale of investments",
"20,084",
"8,896",
"188,512",
"64,987",
"119,520"
],
[
"Total reconciling items",
"$ (73,081)",
"$ 78,469",
"$ 19,147",
"$ 237,098",
"$ 162,239"
],
[
"Income tax adjustments",
"(4,744)",
"(37,496)",
"(4,580)",
"(14,556)",
"(11,360)"
],
[
"Distributable earnings (loss) before realized losses",
"$ 4,140",
"$ (12,704)",
"$ (2,170)",
"$ (10,070)",
"$ (49,208)"
],
[
"Realized losses on sale of investments, net of tax",
"(15,524)",
"(7,088)",
"(147,422)",
"(55,209)",
"(110,626)"
],
[
"Distributable earnings (loss)",
"$ (11,384)",
"$ (19,792)",
"$ (149,592)",
"$ (65,279)",
"$ (159,834)"
],
[
"Less: Distributable earnings attributable to non-controlling interests",
"1,985",
"1,990",
"1,473",
"1,926",
"1,725"
],
[
"Less: Income attributable to participating shares",
"229",
"215",
"211",
"16",
"60"
],
[
"Less: Dividends on preferred stock",
"1,999",
"1,999",
"1,999",
"1,999",
"1,999"
],
[
"Distributable loss attributable to common stockholders",
"$ (15,597)",
"$ (23,996)",
"$ (153,275)",
"$ (69,220)",
"$ (163,618)"
],
[
"Distributable earnings (loss) before realized losses on investments, net of tax per common share - basic",
"$ 0.00",
"$ (0.10)",
"$ (0.04)",
"$ (0.09)",
"$ (0.33)"
],
[
"Distributable loss per common share - basic",
"$ (0.09)",
"$ (0.14)",
"$ (0.94)",
"$ (0.43)",
"$ (1.00)"
],
[
"Weighted average common shares outstanding",
"165,166,276",
"167,749,917",
"163,574,703",
"161,734,869",
"163,674,011"
]
],
"cell_boxes": [
[
{
"left": 0.0482,
"top": 0.13186,
"right": 0.4041,
"bottom": 0.15056
},
{
"left": 0.40409,
"top": 0.13194,
"right": 0.50485,
"bottom": 0.15057
},
{
"left": 0.50485,
"top": 0.13196,
"right": 0.61631,
"bottom": 0.15059
},
{
"left": 0.6163,
"top": 0.13198,
"right": 0.72874,
"bottom": 0.1506
},
{
"left": 0.72873,
"top": 0.13201,
"right": 0.84131,
"bottom": 0.15061
},
{
"left": 0.84129,
"top": 0.13203,
"right": 0.94151,
"bottom": 0.15062
}
],
[
{
"left": 0.0482,
"top": 0.15052,
"right": 0.40409,
"bottom": 0.16887
},
{
"left": 0.40408,
"top": 0.15056,
"right": 0.50485,
"bottom": 0.16886
},
{
"left": 0.50485,
"top": 0.15057,
"right": 0.61632,
"bottom": 0.16886
},
{
"left": 0.61631,
"top": 0.15059,
"right": 0.72873,
"bottom": 0.16886
},
{
"left": 0.72872,
"top": 0.1506,
"right": 0.84129,
"bottom": 0.16886
},
{
"left": 0.84128,
"top": 0.15061,
"right": 0.94153,
"bottom": 0.16886
}
],
[
{
"left": 0.0482,
"top": 0.16886,
"right": 0.40408,
"bottom": 0.18725
},
{
"left": 0.40408,
"top": 0.16886,
"right": 0.50485,
"bottom": 0.18722
},
{
"left": 0.50485,
"top": 0.16886,
"right": 0.61632,
"bottom": 0.18721
},
{
"left": 0.61632,
"top": 0.16886,
"right": 0.72872,
"bottom": 0.1872
},
{
"left": 0.72872,
"top": 0.16886,
"right": 0.84128,
"bottom": 0.1872
},
{
"left": 0.84127,
"top": 0.16886,
"right": 0.94154,
"bottom": 0.18719
}
],
[
{
"left": 0.0482,
"top": 0.18722,
"right": 0.40408,
"bottom": 0.20569
},
{
"left": 0.40407,
"top": 0.18721,
"right": 0.50485,
"bottom": 0.20566
},
{
"left": 0.50485,
"top": 0.1872,
"right": 0.61633,
"bottom": 0.20564
},
{
"left": 0.61632,
"top": 0.1872,
"right": 0.72872,
"bottom": 0.20563
},
{
"left": 0.72871,
"top": 0.18719,
"right": 0.84127,
"bottom": 0.20562
},
{
"left": 0.84125,
"top": 0.18718,
"right": 0.94156,
"bottom": 0.20561
}
],
[
{
"left": 0.0482,
"top": 0.20566,
"right": 0.40407,
"bottom": 0.22419
},
{
"left": 0.40406,
"top": 0.20564,
"right": 0.50485,
"bottom": 0.22416
},
{
"left": 0.50485,
"top": 0.20563,
"right": 0.61634,
"bottom": 0.22415
},
{
"left": 0.61633,
"top": 0.20562,
"right": 0.72871,
"bottom": 0.22414
},
{
"left": 0.7287,
"top": 0.20561,
"right": 0.84125,
"bottom": 0.22413
},
{
"left": 0.84124,
"top": 0.2056,
"right": 0.94157,
"bottom": 0.22412
}
],
[
{
"left": 0.0482,
"top": 0.22416,
"right": 0.40406,
"bottom": 0.2424
},
{
"left": 0.40405,
"top": 0.22415,
"right": 0.50485,
"bottom": 0.24239
},
{
"left": 0.50485,
"top": 0.22414,
"right": 0.61635,
"bottom": 0.24239
},
{
"left": 0.61634,
"top": 0.22413,
"right": 0.7287,
"bottom": 0.24238
},
{
"left": 0.72869,
"top": 0.22412,
"right": 0.84124,
"bottom": 0.24238
},
{
"left": 0.84122,
"top": 0.22411,
"right": 0.94159,
"bottom": 0.24238
}
],
[
{
"left": 0.0482,
"top": 0.24239,
"right": 0.40405,
"bottom": 0.26092
},
{
"left": 0.40404,
"top": 0.24239,
"right": 0.50485,
"bottom": 0.26088
},
{
"left": 0.50485,
"top": 0.24238,
"right": 0.61636,
"bottom": 0.26087
},
{
"left": 0.61635,
"top": 0.24238,
"right": 0.72869,
"bottom": 0.26086
},
{
"left": 0.72868,
"top": 0.24238,
"right": 0.84122,
"bottom": 0.26085
},
{
"left": 0.84121,
"top": 0.24237,
"right": 0.9416,
"bottom": 0.26084
}
],
[
{
"left": 0.0482,
"top": 0.26088,
"right": 0.40404,
"bottom": 0.27931
},
{
"left": 0.40404,
"top": 0.26087,
"right": 0.50485,
"bottom": 0.27929
},
{
"left": 0.50485,
"top": 0.26086,
"right": 0.61637,
"bottom": 0.27928
},
{
"left": 0.61636,
"top": 0.26085,
"right": 0.72868,
"bottom": 0.27928
},
{
"left": 0.72868,
"top": 0.26084,
"right": 0.84121,
"bottom": 0.27927
},
{
"left": 0.84119,
"top": 0.26083,
"right": 0.94162,
"bottom": 0.27926
}
],
[
{
"left": 0.04821,
"top": 0.27929,
"right": 0.40404,
"bottom": 0.29778
},
{
"left": 0.40403,
"top": 0.27928,
"right": 0.50485,
"bottom": 0.29773
},
{
"left": 0.50485,
"top": 0.27928,
"right": 0.61637,
"bottom": 0.29771
},
{
"left": 0.61637,
"top": 0.27927,
"right": 0.72868,
"bottom": 0.2977
},
{
"left": 0.72867,
"top": 0.27926,
"right": 0.84119,
"bottom": 0.29768
},
{
"left": 0.84118,
"top": 0.27926,
"right": 0.94163,
"bottom": 0.29767
}
],
[
{
"left": 0.04821,
"top": 0.29773,
"right": 0.40403,
"bottom": 0.31619
},
{
"left": 0.40402,
"top": 0.29771,
"right": 0.50485,
"bottom": 0.31612
},
{
"left": 0.50485,
"top": 0.2977,
"right": 0.61638,
"bottom": 0.3161
},
{
"left": 0.61637,
"top": 0.29768,
"right": 0.72867,
"bottom": 0.31608
},
{
"left": 0.72866,
"top": 0.29767,
"right": 0.84118,
"bottom": 0.31605
},
{
"left": 0.84116,
"top": 0.29765,
"right": 0.94165,
"bottom": 0.31603
}
],
[
{
"left": 0.04821,
"top": 0.31612,
"right": 0.40402,
"bottom": 0.33471
},
{
"left": 0.40401,
"top": 0.3161,
"right": 0.50485,
"bottom": 0.33462
},
{
"left": 0.50485,
"top": 0.31608,
"right": 0.61639,
"bottom": 0.3346
},
{
"left": 0.61638,
"top": 0.31605,
"right": 0.72866,
"bottom": 0.33457
},
{
"left": 0.72865,
"top": 0.31603,
"right": 0.84116,
"bottom": 0.33455
},
{
"left": 0.84115,
"top": 0.31601,
"right": 0.94166,
"bottom": 0.33452
}
],
[
{
"left": 0.04821,
"top": 0.33462,
"right": 0.40401,
"bottom": 0.35318
},
{
"left": 0.404,
"top": 0.3346,
"right": 0.50485,
"bottom": 0.3531
},
{
"left": 0.50485,
"top": 0.33457,
"right": 0.6164,
"bottom": 0.35307
},
{
"left": 0.61639,
"top": 0.33455,
"right": 0.72865,
"bottom": 0.35305
},
{
"left": 0.72865,
"top": 0.33452,
"right": 0.84115,
"bottom": 0.35302
},
{
"left": 0.84113,
"top": 0.3345,
"right": 0.94168,
"bottom": 0.353
}
],
[
{
"left": 0.04821,
"top": 0.3531,
"right": 0.404,
"bottom": 0.37148
},
{
"left": 0.404,
"top": 0.35307,
"right": 0.50485,
"bottom": 0.37139
},
{
"left": 0.50485,
"top": 0.35305,
"right": 0.61641,
"bottom": 0.37137
},
{
"left": 0.6164,
"top": 0.35302,
"right": 0.72865,
"bottom": 0.37134
},
{
"left": 0.72864,
"top": 0.353,
"right": 0.84113,
"bottom": 0.37131
},
{
"left": 0.84112,
"top": 0.35297,
"right": 0.94169,
"bottom": 0.37128
}
],
[
{
"left": 0.04821,
"top": 0.37139,
"right": 0.404,
"bottom": 0.38974
},
{
"left": 0.40399,
"top": 0.37137,
"right": 0.50485,
"bottom": 0.38969
},
{
"left": 0.50485,
"top": 0.37134,
"right": 0.61642,
"bottom": 0.38967
},
{
"left": 0.61641,
"top": 0.37131,
"right": 0.72864,
"bottom": 0.38966
},
{
"left": 0.72863,
"top": 0.37128,
"right": 0.84112,
"bottom": 0.38964
},
{
"left": 0.8411,
"top": 0.37126,
"right": 0.94171,
"bottom": 0.38962
}
],
[
{
"left": 0.04821,
"top": 0.38969,
"right": 0.40399,
"bottom": 0.40837
},
{
"left": 0.40398,
"top": 0.38967,
"right": 0.50485,
"bottom": 0.40832
},
{
"left": 0.50485,
"top": 0.38966,
"right": 0.61642,
"bottom": 0.40831
},
{
"left": 0.61642,
"top": 0.38964,
"right": 0.72863,
"bottom": 0.40829
},
{
"left": 0.72862,
"top": 0.38962,
"right": 0.8411,
"bottom": 0.40828
},
{
"left": 0.84109,
"top": 0.38961,
"right": 0.94172,
"bottom": 0.40826
}
],
[
{
"left": 0.04821,
"top": 0.40832,
"right": 0.40398,
"bottom": 0.42654
},
{
"left": 0.40397,
"top": 0.40831,
"right": 0.50485,
"bottom": 0.42648
},
{
"left": 0.50485,
"top": 0.40829,
"right": 0.61643,
"bottom": 0.42647
},
{
"left": 0.61642,
"top": 0.40828,
"right": 0.72862,
"bottom": 0.42645
},
{
"left": 0.72862,
"top": 0.40826,
"right": 0.84109,
"bottom": 0.42644
},
{
"left": 0.84107,
"top": 0.40824,
"right": 0.94174,
"bottom": 0.42642
}
],
[
{
"left": 0.04821,
"top": 0.42648,
"right": 0.40397,
"bottom": 0.44511
},
{
"left": 0.40396,
"top": 0.42647,
"right": 0.50485,
"bottom": 0.44506
},
{
"left": 0.50485,
"top": 0.42645,
"right": 0.61644,
"bottom": 0.44505
},
{
"left": 0.61643,
"top": 0.42644,
"right": 0.72862,
"bottom": 0.44503
},
{
"left": 0.72861,
"top": 0.42642,
"right": 0.84107,
"bottom": 0.44501
},
{
"left": 0.84106,
"top": 0.42641,
"right": 0.94175,
"bottom": 0.445
}
],
[
{
"left": 0.04821,
"top": 0.44506,
"right": 0.40396,
"bottom": 0.46329
},
{
"left": 0.40396,
"top": 0.44505,
"right": 0.50485,
"bottom": 0.46327
},
{
"left": 0.50485,
"top": 0.44503,
"right": 0.61645,
"bottom": 0.46326
},
{
"left": 0.61644,
"top": 0.44501,
"right": 0.72861,
"bottom": 0.46325
},
{
"left": 0.7286,
"top": 0.445,
"right": 0.84106,
"bottom": 0.46324
},
{
"left": 0.84105,
"top": 0.44498,
"right": 0.94177,
"bottom": 0.46324
}
],
[
{
"left": 0.04821,
"top": 0.46327,
"right": 0.40396,
"bottom": 0.48195
},
{
"left": 0.40395,
"top": 0.46326,
"right": 0.50485,
"bottom": 0.48193
},
{
"left": 0.50485,
"top": 0.46325,
"right": 0.61646,
"bottom": 0.48192
},
{
"left": 0.61645,
"top": 0.46324,
"right": 0.7286,
"bottom": 0.48192
},
{
"left": 0.72859,
"top": 0.46324,
"right": 0.84105,
"bottom": 0.48191
},
{
"left": 0.84103,
"top": 0.46323,
"right": 0.94178,
"bottom": 0.4819
}
],
[
{
"left": 0.04821,
"top": 0.48193,
"right": 0.40395,
"bottom": 0.50013
},
{
"left": 0.40394,
"top": 0.48192,
"right": 0.50485,
"bottom": 0.50011
},
{
"left": 0.50485,
"top": 0.48192,
"right": 0.61646,
"bottom": 0.50011
},
{
"left": 0.61646,
"top": 0.48191,
"right": 0.72859,
"bottom": 0.50011
},
{
"left": 0.72859,
"top": 0.4819,
"right": 0.84103,
"bottom": 0.5001
},
{
"left": 0.84102,
"top": 0.4819,
"right": 0.9418,
"bottom": 0.5001
}
],
[
{
"left": 0.04821,
"top": 0.50011,
"right": 0.40394,
"bottom": 0.51863
},
{
"left": 0.40393,
"top": 0.50011,
"right": 0.50485,
"bottom": 0.51863
},
{
"left": 0.50485,
"top": 0.50011,
"right": 0.61647,
"bottom": 0.51864
},
{
"left": 0.61646,
"top": 0.5001,
"right": 0.72859,
"bottom": 0.51864
},
{
"left": 0.72858,
"top": 0.5001,
"right": 0.84102,
"bottom": 0.51864
},
{
"left": 0.841,
"top": 0.5001,
"right": 0.94181,
"bottom": 0.51865
}
],
[
{
"left": 0.04821,
"top": 0.51861,
"right": 0.40393,
"bottom": 0.53695
},
{
"left": 0.40393,
"top": 0.51863,
"right": 0.50485,
"bottom": 0.53692
},
{
"left": 0.50485,
"top": 0.51863,
"right": 0.61648,
"bottom": 0.53691
},
{
"left": 0.61647,
"top": 0.51864,
"right": 0.72858,
"bottom": 0.5369
},
{
"left": 0.72857,
"top": 0.51864,
"right": 0.841,
"bottom": 0.53689
},
{
"left": 0.84099,
"top": 0.51864,
"right": 0.94183,
"bottom": 0.53689
}
],
[
{
"left": 0.04821,
"top": 0.53692,
"right": 0.40393,
"bottom": 0.55549
},
{
"left": 0.40392,
"top": 0.53691,
"right": 0.50485,
"bottom": 0.55548
},
{
"left": 0.50485,
"top": 0.5369,
"right": 0.61649,
"bottom": 0.55548
},
{
"left": 0.61648,
"top": 0.53689,
"right": 0.72857,
"bottom": 0.55548
},
{
"left": 0.72856,
"top": 0.53689,
"right": 0.84099,
"bottom": 0.55548
},
{
"left": 0.84097,
"top": 0.53688,
"right": 0.94184,
"bottom": 0.55547
}
],
[
{
"left": 0.04821,
"top": 0.55548,
"right": 0.40392,
"bottom": 0.59099
},
{
"left": 0.4039,
"top": 0.55548,
"right": 0.50485,
"bottom": 0.59099
},
{
"left": 0.50485,
"top": 0.55548,
"right": 0.61651,
"bottom": 0.59098
},
{
"left": 0.61649,
"top": 0.55548,
"right": 0.72856,
"bottom": 0.59098
},
{
"left": 0.72855,
"top": 0.55547,
"right": 0.84097,
"bottom": 0.59098
},
{
"left": 0.84094,
"top": 0.55547,
"right": 0.94187,
"bottom": 0.59098
}
],
[
{
"left": 0.04822,
"top": 0.59099,
"right": 0.4039,
"bottom": 0.60942
},
{
"left": 0.40389,
"top": 0.59098,
"right": 0.50485,
"bottom": 0.60942
},
{
"left": 0.50485,
"top": 0.59098,
"right": 0.61651,
"bottom": 0.60942
},
{
"left": 0.61651,
"top": 0.59098,
"right": 0.72855,
"bottom": 0.60942
},
{
"left": 0.72854,
"top": 0.59098,
"right": 0.84094,
"bottom": 0.60942
},
{
"left": 0.84093,
"top": 0.59098,
"right": 0.94189,
"bottom": 0.60941
}
],
[
{
"left": 0.04822,
"top": 0.60942,
"right": 0.40389,
"bottom": 0.62757
},
{
"left": 0.40389,
"top": 0.60942,
"right": 0.50485,
"bottom": 0.62755
},
{
"left": 0.50485,
"top": 0.60942,
"right": 0.61652,
"bottom": 0.62754
},
{
"left": 0.61651,
"top": 0.60942,
"right": 0.72854,
"bottom": 0.62753
},
{
"left": 0.72853,
"top": 0.60941,
"right": 0.84093,
"bottom": 0.62752
},
{
"left": 0.84091,
"top": 0.60941,
"right": 0.9419,
"bottom": 0.62752
}
]
],
"box": {
"left": 0.04588,
"top": 0.12834,
"right": 0.9449,
"bottom": 0.63045
},
"chunk_id": "table-0",
"job_id": "parse-01m1xzgk84wz7r786grycy41tx",
"table_ref": null,
"picture_ref": null,
"table_id": null
}
],
"context": [
{
"page": 20,
"kind": "text",
"text": "Distributable Earnings Reconciliation by Quarter\n",
"box": {
"left": 0.04357,
"top": 0.07266,
"right": 0.69873,
"bottom": 0.12356
},
"chunk_id": "text-0"
},
{
"page": 20,
"kind": "logo",
"text": "[ORANGE_DOT_HEXAGON_SHAPE]\nREADY CAPITAL®\n",
"box": {
"left": 0.74765,
"top": 0.04553,
"right": 0.9662,
"bottom": 0.11268
},
"chunk_id": "logo-0"
},
{
"page": 20,
"kind": "text",
"text": "The Company believes that this non-U.S. GAAP financial information, in addition to the related U.S. GAAP measures, provides investors greater transparency into the information used by management in its financial and operational decision-\nmaking, including the determination of dividends. However, because Distributable Earnings is an incomplete measure of the Company's financial performance and involves differences from net income computed in accordance with U.S.\nGAAP, it should be considered along with, but not as an alternative to, the Company's net income computed in accordance with U.S. GAAP as a measure of the Company's financial performance. In addition, because not all companies use\nidentical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies.\nWe calculate Distributable earnings as GAAP net income (loss) excluding the following:\n i) any unrealized gains or losses on certain MBS not retained by us as part of our loan origination businesses\n ii) any realized gains or losses on sales of certain MBS\n iii) any unrealized gains or losses on Residential MSRs from discontinued operations\n iv) any unrealized change in current expected credit loss reserve and valuation allowances\n v) any unrealized gains or losses on de-designated cash flow hedges\n vi) any unrealized gains or losses on foreign exchange hedges\n vii) any unrealized gains or losses on certain unconsolidated joint ventures\n viii) any non-cash compensation expense related to stock-based incentive plan\n ix) any unrealized gains or losses on preferred equity, at fair value\n x) any unrealized gain or losses or other non-cash items related to real estate owned\n xi) one-time non-recurring gains or losses, such as gains or losses on discontinued operations, bargain purchase gains, or merger related expenses\n",
"box": {
"left": 0.04745,
"top": 0.63102,
"right": 0.93421,
"bottom": 0.84023
},
"chunk_id": "text-1"
},
{
"page": 20,
"kind": "text",
"text": "In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains and losses on MBS acquired by the Company in the secondary market but is not adjusted to exclude unrealized gains\nand losses on MBS retained by Ready Capital as part of its loan origination businesses, where the Company transfers originated loans into an MBS securitization and the Company retains an interest in the securitization. In calculating\nDistributable Earnings, the Company does not adjust Net Income (in accordance with U.S. GAAP) to take into account unrealized gains and losses on MBS retained by us as part of the loan origination businesses because the unrealized\ngains and losses that are generated in the loan origination and securitization process are considered to be a fundamental part of this business and an indicator of the ongoing performance and credit quality of the Company's historical loan\noriginations. In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude realized gains and losses on certain MBS securities considered to be non-distributable. Certain MBS positions are\nconsidered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size.\nIn addition, in calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains or losses on residential MSRs, held at fair value from discontinued operations. In calculating Distributable\nEarnings, the Company does not exclude realized gains or losses on either commercial MSRs as servicing income is a fundamental part of Ready Capital's business and is an indicator of the ongoing performance.\nTo qualify as a REIT, the Company must distribute to its stockholders each calendar year at least 90% of its REIT taxable income (including certain items of non-cash income), determined without regard to the deduction for dividends paid and\nexcluding net capital gain. There are certain items, including net income generated from the creation of MSRs, that are included in distributable earnings but are not included in the calculation of the current year's taxable income. These\ndifferences may result in certain items that are recognized in the current period's calculation of distributable earnings not being included in taxable income, and thus not subject to the REIT dividend distribution requirement until future years.\n",
"box": {
"left": 0.04775,
"top": 0.84545,
"right": 0.93687,
"bottom": 0.99319
},
"chunk_id": "text-2"
},
{
"page": 20,
"kind": "marginalia",
"text": "20\n",
"box": {
"left": 0.93237,
"top": 0.9535,
"right": 0.94667,
"bottom": 0.97476
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 21,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgkbhnz0bv5h5ytbak88t",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.8,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p21.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 21,
"kind": "text",
"text": "Loan Portfolio – Risk Rating Criteria\n",
"box": {
"left": 0.03911,
"top": 0.06848,
"right": 0.53726,
"bottom": 0.12475
},
"chunk_id": "text-0"
},
{
"page": 21,
"kind": "logo",
"text": "[ORANGE_DOT_PATTERN_HEXAGON]\nREADY CAPITAL®\n",
"box": {
"left": 0.74604,
"top": 0.04429,
"right": 0.96737,
"bottom": 0.11521
},
"chunk_id": "logo-0"
},
{
"page": 21,
"kind": "text",
"text": "**BUCKET 1:**\nVery Low Risk of Loss: New origination or current with strong credit metrics (LTV/DSCR/DY). No expected losses.\n",
"box": {
"left": 0.05452,
"top": 0.19189,
"right": 0.93772,
"bottom": 0.3431
},
"chunk_id": "text-1"
},
{
"page": 21,
"kind": "text",
"text": "**BUCKET 2:**\nLow Risk of Loss: Current with maturity > 6 months. Lower credit metrics with possibility of inclusion on CREFC watchlist. No\nexpected losses.\n",
"box": {
"left": 0.05576,
"top": 0.34289,
"right": 0.93752,
"bottom": 0.48481
},
"chunk_id": "text-2"
},
{
"page": 21,
"kind": "text",
"text": "**BUCKET 3:**\nMedium Risk of Loss: Current with near term maturities or in forbearance. Loss unlikely with no specific reserves booked.\n",
"box": {
"left": 0.05581,
"top": 0.48419,
"right": 0.93804,
"bottom": 0.59719
},
"chunk_id": "text-3"
},
{
"page": 21,
"kind": "text",
"text": "**BUCKET 4:**\nHigher Risk: Loan delinquent or in maturity default. Potential issues with sponsor or business plans. Minimal losses possible\nand adequately reserved in current period.\n",
"box": {
"left": 0.05594,
"top": 0.59671,
"right": 0.93873,
"bottom": 0.7392
},
"chunk_id": "text-4"
},
{
"page": 21,
"kind": "text",
"text": "**BUCKET 5:**\nHighest risk: Loan in default or special servicing. Specific losses identified and adequately reserved for in current period.\n",
"box": {
"left": 0.05587,
"top": 0.73878,
"right": 0.93902,
"bottom": 0.85993
},
"chunk_id": "text-5"
},
{
"page": 21,
"kind": "marginalia",
"text": "21\n",
"box": {
"left": 0.92746,
"top": 0.95128,
"right": 0.94826,
"bottom": 0.97621
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 22,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgnayw5tkndyxa8xv7hn3",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 1.4,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p22.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 22,
"kind": "text",
"text": "Footnotes\n",
"box": {
"left": 0.04139,
"top": 0.0712,
"right": 0.18934,
"bottom": 0.11951
},
"chunk_id": "text-0"
},
{
"page": 22,
"kind": "text",
"text": "[Orange dotted hexagon logo]\nREADY CAPITAL®\n",
"box": {
"left": 0.74759,
"top": 0.04611,
"right": 0.96619,
"bottom": 0.11418
},
"chunk_id": "text-1"
},
{
"page": 22,
"kind": "text",
"text": "0 . Before income attributable to participating shares of $2.1 million and non-controlling interest of $1.6 million\n1 . Before income attributable to participating shares of $2.1 million and non-controlling interest of $1.7 million. Refer to the “Distributable Earnings Reconciliation by Quarter”\n2 . slide for a reconciliation of GAAP Net Income to Distributable Earnings\n3 . Before income attributable to participating shares of $2.1 million, non-controlling interest of $1.9 million and before certain charge-offs and losses on sales of real estate\n4 . owned assets and LMM loans. Refer to the “Distributable Earnings Reconciliation by Quarter” slide for a reconciliation of GAAP Net Income to Distributable Earnings\n5 . Represents fully committed amounts\n6 . Calculated based on carrying value\n7 . Recourse leverage ratio excludes $1.1 billion of secured borrowings that are non-recourse to the Company\n8 . Excludes joint venture investments and preferred equity investments\n9 . Loans with the “Other” classification are generally LMM acquired loans that have nonconforming characteristics for the Fixed rate, Bridge, or Construction categories\n10 . Distributable return on equity from continuing operations before realized losses is an annualized percentage equal to distributable earnings over the average monthly total\n11 . stockholders' equity for the period before certain charge-offs and losses on sales of real estate owned assets and LMM loans. Refer to the “Distributable Earnings\n12 . Reconciliation by Quarter” slide for a reconciliation of GAAP Net Income to Distributable Earnings\n13 . Average carrying value includes average quarterly carrying value of loan and servicing asset balances.\n14 . Gross yields include interest income, accretion of discount, MSR creation, income from our unconsolidated joint venture, realized gains (losses) on loans held for sale,\n15 . unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis.\n16 . The Company finances the assets included in the Investment Type through securitizations, repurchase agreements, warehouse facilities and bank credit facilities. Interest\n17 . expense is calculated based on interest expense and deferred financing amortization on an annualized basis.\n18 . Loan-to-value (LTV) is calculated by dividing the current unpaid principal balance by the most recent collateral value received. The most recent value for performing loans\n19 . is often the third-party as-is valuation utilized during the original underwriting process.\n20 . Q1 dividend yield for the period is based on the 3/31/2026 closing share price of $1.62\n15 . Includes the loans which are offset by $502M of guaranteed loan financings\n16 . Respective balances are based on quarterly averages\n17 . Corporate debt is allocated for purposes of determining equity allocation\n18 . Represents loans that are under modifications and carried on the consolidated balance sheet as of the period end.\n19 . Strategy as of May 1, 2026\n20 . Strategy as of May 6, 2026\n",
"box": {
"left": 0.03935,
"top": 0.14071,
"right": 0.94449,
"bottom": 0.69666
},
"chunk_id": "text-2"
},
{
"page": 22,
"kind": "marginalia",
"text": "22\n",
"box": {
"left": 0.92839,
"top": 0.95191,
"right": 0.94861,
"bottom": 0.97546
},
"chunk_id": "marginalia-0"
}
]
},
{
"page": 23,
"status": "empty",
"reason": "",
"picture_classes": [],
"table_refs": [],
"job_id": "parse-01m1xzgqfg5r84ed7cy1bj98ps",
"model": "dpt-3-pro-20260710",
"version": "dpt-3-pro-20260710",
"credits": 0.6,
"reused": false,
"response_artifact": "1fca22a30fa3f097.p23.ade.json",
"figures": [],
"tables": [],
"context": [
{
"page": 23,
"kind": "logo",
"text": "[○]\nREADY\nCAPITAL®\n",
"box": {
"left": 0.08062,
"top": 0.40497,
"right": 0.3992,
"bottom": 0.54902
},
"chunk_id": "logo-0"
},
{
"page": 23,
"kind": "logo",
"text": "RC\nLISTED\nNYSE\n",
"box": {
"left": 0.08646,
"top": 0.82805,
"right": 0.15351,
"bottom": 0.9474
},
"chunk_id": "logo-1"
}
]
}
],
"errors": [
"page 4: figure marker '5' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it",
"page 5: figure marker '8' names a section of the document and no heading opens with it",
"page 5: figure marker '18' names a section of the document and no heading opens with it",
"page 10: figure marker '4' is defined by no note — neither the agent's read of the page nor the page's own footnote text has it"
],
"removed": []
}