NEW YORK (AP) — NEW YORK (AP) — Ready Capital Corporation (RC) on Thursday reported a loss of $234.2 million in its fourth quarter.
The New York-based company said it had a loss of $1.46 per share. Losses, adjusted for non-recurring costs and to account for discontinued operations, came to 9 cents per share.
The real estate investment trust posted revenue of $124 million in the period. Its adjusted revenue was $13.1 million.
For the year, the company reported a loss of $228.9 million, or $1.44 per share. Revenue was reported as $55 million.
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