RCD
Ready Capital Corporation Notes -15.12.29
REIT - Mortgage
Market Cap$3.63B
5Y Perf.-11.1%
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Stock Comparison
RCD vs GPMT vs TRTX vs RC
Revenue, margins, valuation, and 5-year total return — side by side.
GPMT
Granite Point Mortgage Trust Inc.
REIT - Mortgage
Market Cap$74M
5Y Perf.-44.4%
TRTX
TPG RE Finance Trust, Inc.
REIT - Mortgage
Market Cap$656M
5Y Perf.-0.1%
RC
Ready Capital Corporation
REIT - Mortgage
Market Cap$357M
5Y Perf.-68.3%
RCD vs GPMT vs TRTX vs RC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | RCD | GPMT | TRTX | RC |
|---|---|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $3.63B | $74M | $656M | $357M |
| Revenue (TTM) | $-9M | $132M | $264M | $499M |
| Net Income (TTM) | $-311M | $-40M | $61M | $-229M |
| Gross Margin | 100.0% | 47.3% | 78.5% | -0.0% |
| Operating Margin | — | -4.3% | 51.0% | -50.5% |
| Forward P/E | — | — | 8.1x | — |
| Total Debt | $6.04B | $1.17B | $3.29B | $5.86B |
| Cash & Equiv. | $144M | $66M | $88M | $248M |
RCD vs GPMT vs TRTX vs RC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
RCD
GPMT
TRTX
RC
| Stock | Dec 24 | May 26 | Return |
|---|---|---|---|
| Ready Capital Corpo… (RCD) | 100 | 88.9 | -11.1% |
| Granite Point Mortg… (GPMT) | 100 | 55.6 | -44.4% |
| TPG RE Finance Trus… (TRTX) | 100 | 99.9 | -0.1% |
| Ready Capital Corpo… (RC) | 100 | 31.7 | -68.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RCD vs GPMT vs TRTX vs RC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TRTX leads in 5 of 7 categories, making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Ready Capital Corporation Notes -15.12.29 is the stronger pick specifically for capital preservation and lower volatility. RC also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
RCD
Ready Capital Corporation Notes -15.12.29
The Real Estate Income Play
RCD is the #2 pick in this set and the best alternative if stability is your priority.
- Beta 0.15 vs GPMT's 1.44
Best for: stability
GPMT
Granite Point Mortgage Trust Inc.
The Real Estate Income Play
GPMT is the clearest fit if your priority is growth exposure.
- Rev growth 187.8%, EPS growth 73.7%, 3Y rev CAGR 22.9%
Best for: growth exposure
TRTX
TPG RE Finance Trust, Inc.
The Real Estate Income Play
TRTX carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- Dividend streak 2 yrs, beta 0.78, yield 13.5%
- Lower volatility, beta 0.78, current ratio 0.18x
- Better valuation composite
- 23.2% margin vs RCD's -15.9%
Best for: income & stability and sleep-well-at-night
RC
Ready Capital Corporation
The Real Estate Income Play
RC is the clearest fit if your priority is long-term compounding and defensive.
- 6.1% 10Y total return vs RCD's 1.3%
- Beta 1.17, yield 31.4%, current ratio 1.04x
- 17.3% FFO/revenue growth vs RCD's -93.0%
Best for: long-term compounding and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | RC | 17.3% FFO/revenue growth vs RCD's -93.0% |
| Value | TRTX | Better valuation composite |
| Quality / Margins | TRTX | 23.2% margin vs RCD's -15.9% |
| Stability / Safety | RCD | Beta 0.15 vs GPMT's 1.44 |
| Dividends | TRTX | 13.5% yield, 2-year raise streak, vs RC's 31.4% |
| Momentum (1Y) | TRTX | +25.7% vs RC's -44.9% |
| Efficiency (ROA) | TRTX | 1.4% ROA vs RCD's -3.7% |
RCD vs GPMT vs TRTX vs RC — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTRTXLAGGINGRC
Who Leads Where
TRTX leads in 3 of 6 categories
RCD leads 1 • GPMT leads 0 • RC leads 0 • 2 tied
Explore the data ↓RCReady Capital Corpora…
0leads
GPMTGranite Point Mortgag…
0leads
RCDReady Capital Corpora…
1leads
TRTXTPG RE Finance Trust,…
3leads
6 Total Categories
CATEGORYLEADERvs RCDvs GPMTMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TRTX3/6
Valuation MetricsMultiples, price ratios, and targets
Tied
—
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TRTX6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TRTX4/6
Risk & VolatilityBeta, volatility, and downside exposure
RCD2/2
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
TRTX leads this category, winning 3 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
RC and RCD operate at a comparable scale, with $499M and -$9M in trailing revenue. TRTX is the more profitable business, keeping 23.2% of every revenue dollar as net income compared to RCD's -15.9%. On growth, RC holds the edge at +8.7% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | RCDReady Capital Cor… | GPMTGranite Point Mor… | TRTXTPG RE Finance Tr… | RCReady Capital Cor… |
|---|---|---|---|---|
| RevenueTrailing 12 months | -$9M | $132M | $264M | $499M |
| EBITDAEarnings before interest/tax | -$95M | -$8M | $144M | -$249M |
| Net IncomeAfter-tax profit | -$311M | -$40M | $61M | -$229M |
| Free Cash FlowCash after capex | $366M | $463,000 | $96M | $303M |
| Gross MarginGross profit ÷ Revenue | +100.0% | +47.3% | +78.5% | -0.0% |
| Operating MarginEBIT ÷ Revenue | — | -4.3% | +51.0% | -50.5% |
| Net MarginNet income ÷ Revenue | -15.9% | -30.5% | +23.2% | -45.8% |
| FCF MarginFCF ÷ Revenue | -187.2% | +0.4% | +36.4% | +60.6% |
| Rev. Growth (YoY)Latest quarter vs prior year | -69.8% | +157.8% | -4.4% | +8.7% |
| EPS Growth (YoY)Latest quarter vs prior year | -86.2% | +40.9% | +58.3% | +24.9% |
TRTX leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
Evenly matched — GPMT and TRTX each lead in 2 of 5 comparable metrics.
Valuation Metrics
On an enterprise value basis, TRTX's 15.1x EV/EBITDA is more attractive than RC's 48.3x.
| Metric | RCDReady Capital Cor… | GPMTGranite Point Mor… | TRTXTPG RE Finance Tr… | RCReady Capital Cor… |
|---|---|---|---|---|
| Market CapShares × price | $3.6B | $74M | $656M | $357M |
| Enterprise ValueMkt cap + debt − cash | $9.5B | $1.2B | $3.9B | $6.0B |
| Trailing P/EPrice ÷ TTM EPS | -8.52x | -1.34x | 14.89x | -1.50x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 8.09x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 20.75x | 15.10x | 48.25x |
| Price / SalesMarket cap ÷ Revenue | 132.59x | 0.51x | 1.97x | 0.71x |
| Price / BookPrice ÷ Book value/share | 1.97x | 0.13x | 0.63x | 0.22x |
| Price / FCFMarket cap ÷ FCF | — | 27.85x | 7.26x | — |
Evenly matched — GPMT and TRTX each lead in 2 of 5 comparable metrics.
Profitability & Efficiency
TRTX leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
TRTX delivers a 5.7% return on equity — every $100 of shareholder capital generates $6 in annual profit, vs $-17 for RCD. GPMT carries lower financial leverage with a 2.12x debt-to-equity ratio, signaling a more conservative balance sheet compared to RC's 3.55x. On the Piotroski fundamental quality scale (0–9), GPMT scores 6/9 vs RCD's 1/9, reflecting solid financial health.
| Metric | RCDReady Capital Cor… | GPMTGranite Point Mor… | TRTXTPG RE Finance Tr… | RCReady Capital Cor… |
|---|---|---|---|---|
| ROE (TTM)Return on equity | -16.6% | -7.1% | +5.7% | -12.2% |
| ROA (TTM)Return on assets | -3.7% | -2.3% | +1.4% | -2.6% |
| ROICReturn on invested capital | — | +2.6% | +4.7% | +1.2% |
| ROCEReturn on capital employed | — | +4.6% | +7.1% | +1.4% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 6 | 6 | 5 |
| Debt / EquityFinancial leverage | 3.12x | 2.12x | 3.08x | 3.55x |
| Net DebtTotal debt minus cash | $5.9B | $1.1B | $3.2B | $5.6B |
| Cash & Equiv.Liquid assets | $144M | $66M | $88M | $248M |
| Total DebtShort + long-term debt | $6.0B | $1.2B | $3.3B | $5.9B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.58x | 1.32x | 0.41x |
TRTX leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TRTX leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TRTX five years ago would be worth $10,145 today (with dividends reinvested), compared to $3,472 for GPMT. Over the past 12 months, TRTX leads with a +25.7% total return vs RC's -44.9%. The 3-year compound annual growth rate (CAGR) favors TRTX at 26.7% vs RC's -23.1% — a key indicator of consistent wealth creation.
| Metric | RCDReady Capital Cor… | GPMTGranite Point Mor… | TRTXTPG RE Finance Tr… | RCReady Capital Cor… |
|---|---|---|---|---|
| YTD ReturnYear-to-date | +8.3% | -32.5% | -1.0% | +1.4% |
| 1-Year ReturnPast 12 months | +4.8% | -19.7% | +25.7% | -44.9% |
| 3-Year ReturnCumulative with dividends | +1.3% | -34.3% | +103.4% | -54.4% |
| 5-Year ReturnCumulative with dividends | +1.3% | -65.3% | +1.4% | -44.4% |
| 10-Year ReturnCumulative with dividends | +1.3% | -50.0% | -1.9% | +6.1% |
| CAGR (3Y)Annualised 3-year return | +0.4% | -13.1% | +26.7% | -23.1% |
TRTX leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
RCD leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
RCD is the less volatile stock with a 0.15 beta — it tends to amplify market swings less than GPMT's 1.44 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. RCD currently trades 91.7% from its 52-week high vs RC's 45.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | RCDReady Capital Cor… | GPMTGranite Point Mor… | TRTXTPG RE Finance Tr… | RCReady Capital Cor… |
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.15x | 1.44x | 0.78x | 1.17x |
| 52-Week HighHighest price in past year | $24.45 | $3.12 | $9.85 | $4.75 |
| 52-Week LowLowest price in past year | $13.47 | $1.24 | $7.44 | $1.51 |
| % of 52W HighCurrent price vs 52-week peak | +91.7% | +49.7% | +86.2% | +45.5% |
| RSI (14)Momentum oscillator 0–100 | 70.3 | 49.4 | 60.6 | 64.1 |
| Avg Volume (50D)Average daily shares traded | 11K | 154K | 655K | 2.1M |
RCD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Evenly matched — TRTX and RC each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: GPMT as "Hold", TRTX as "Buy", RC as "Buy". Consensus price targets imply 61.3% upside for GPMT (target: $3) vs 15.7% for RC (target: $3). For income investors, RC offers the higher dividend yield at 31.37% vs RCD's 5.39%.
| Metric | RCDReady Capital Cor… | GPMTGranite Point Mor… | TRTXTPG RE Finance Tr… | RCReady Capital Cor… |
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | — | $2.50 | $10.00 | $2.50 |
| # AnalystsCovering analysts | — | 12 | 11 | 16 |
| Dividend YieldAnnual dividend ÷ price | +5.4% | +14.0% | +13.5% | +31.4% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 2 | 0 |
| Dividend / ShareAnnual DPS | $1.21 | $0.22 | $1.15 | $0.68 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.3% | +7.6% | +3.9% | +18.9% |
Evenly matched — TRTX and RC each lead in 1 of 2 comparable metrics.
Key Takeaway
TRTX leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). RCD leads in 1 (Risk & Volatility). 2 tied.
Best OverallTPG RE Finance Trust, Inc. (TRTX)Leads 3 of 6 categories
Loading custom metrics...
RCD vs GPMT vs TRTX vs RC: Key Questions Answered
9 questions · data-driven answers · updated daily
01Is RCD or GPMT or TRTX or RC a better buy right now?
For growth investors, Ready Capital Corporation (RC) is the stronger pick with 1726% revenue growth year-over-year, versus -93.
0% for Ready Capital Corporation Notes -15. 12. 29 (RCD). TPG RE Finance Trust, Inc. (TRTX) offers the better valuation at 14. 9x trailing P/E (8. 1x forward), making it the more compelling value choice. Analysts rate TPG RE Finance Trust, Inc. (TRTX) a "Buy" — based on 11 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — RCD or GPMT or TRTX or RC?
Over the past 5 years, TPG RE Finance Trust, Inc.
(TRTX) delivered a total return of +1. 4%, compared to -65. 3% for Granite Point Mortgage Trust Inc. (GPMT). Over 10 years, the gap is even starker: RC returned +6. 1% versus GPMT's -50. 0%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — RCD or GPMT or TRTX or RC?
By beta (market sensitivity over 5 years), Ready Capital Corporation Notes -15.
12. 29 (RCD) is the lower-risk stock at 0. 15β versus Granite Point Mortgage Trust Inc. 's 1. 44β — meaning GPMT is approximately 849% more volatile than RCD relative to the S&P 500. On balance sheet safety, Granite Point Mortgage Trust Inc. (GPMT) carries a lower debt/equity ratio of 2% versus 4% for Ready Capital Corporation — giving it more financial flexibility in a downturn.
04Which is growing faster — RCD or GPMT or TRTX or RC?
By revenue growth (latest reported year), Ready Capital Corporation (RC) is pulling ahead at 1726% versus -93.
0% for Ready Capital Corporation Notes -15. 12. 29 (RCD). On earnings-per-share growth, the picture is similar: Granite Point Mortgage Trust Inc. grew EPS 73. 7% year-over-year, compared to -217. 9% for Ready Capital Corporation Notes -15. 12. 29. Over a 3-year CAGR, GPMT leads at 22. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — RCD or GPMT or TRTX or RC?
TPG RE Finance Trust, Inc.
(TRTX) is the more profitable company, earning 18. 1% net margin versus -1593. 0% for Ready Capital Corporation Notes -15. 12. 29 — meaning it keeps 18. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TRTX leads at 73. 0% versus 0. 0% for RCD. At the gross margin level — before operating expenses — RCD leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is RCD or GPMT or TRTX or RC more undervalued right now?
Analyst consensus price targets imply the most upside for GPMT: 61.
3% to $2. 50.
07Which pays a better dividend — RCD or GPMT or TRTX or RC?
All stocks in this comparison pay dividends.
Ready Capital Corporation (RC) offers the highest yield at 31. 4%, versus 5. 4% for Ready Capital Corporation Notes -15. 12. 29 (RCD).
08Is RCD or GPMT or TRTX or RC better for a retirement portfolio?
For long-horizon retirement investors, Ready Capital Corporation Notes -15.
12. 29 (RCD) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 15), 5. 4% yield). Both have compounded well over 10 years (RCD: +1. 3%, GPMT: -50. 0%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between RCD and GPMT and TRTX and RC?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: RCD is a small-cap income-oriented stock; GPMT is a small-cap high-growth stock; TRTX is a small-cap high-growth stock; RC is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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