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 RC vs BXMT vs ACRE vs TRTX
Revenue, margins, valuation, and 5-year total return — side by side.
RC
Ready Capital Corporation
REIT - Mortgage
Market Cap$357M
5Y Perf.-68.3%
BXMT
Blackstone Mortgage Trust, Inc.
REIT - Mortgage
Market Cap$3.23B
5Y Perf.+10.0%
ACRE
Ares Commercial Real Estate Corporation
REIT - Mortgage
Market Cap$280M
5Y Perf.-14.3%
TRTX
TPG RE Finance Trust, Inc.
REIT - Mortgage
Market Cap$656M
5Y Perf.-0.1%
RCD vs RC vs BXMT vs ACRE vs TRTX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | RCD | RC | BXMT | ACRE | TRTX |
|---|---|---|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage | REIT - Mortgage | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $3.63B | $357M | $3.23B | $280M | $656M |
| Revenue (TTM) | $-9M | $499M | $1.54B | $55M | $264M |
| Net Income (TTM) | $-311M | $-229M | $104M | $-20M | $61M |
| Gross Margin | 100.0% | -0.0% | 62.6% | 46.3% | 78.5% |
| Operating Margin | — | -50.5% | 58.3% | 44.6% | 51.0% |
| Forward P/E | — | — | 12.0x | 16.3x | 8.1x |
| Total Debt | $6.04B | $5.86B | $16.16B | $1.05B | $3.29B |
| Cash & Equiv. | $144M | $248M | $453M | $29M | $88M |
RCD vs RC vs BXMT vs ACRE vs TRTX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
RCD
RC
BXMT
ACRE
TRTX
| Stock | Dec 24 | May 26 | Return |
|---|---|---|---|
| Ready Capital Corpo… (RCD) | 100 | 88.9 | -11.1% |
| Ready Capital Corpo… (RC) | 100 | 31.7 | -68.3% |
| Blackstone Mortgage… (BXMT) | 100 | 110.0 | +10.0% |
| Ares Commercial Rea… (ACRE) | 100 | 85.7 | -14.3% |
| TPG RE Finance Trus… (TRTX) | 100 | 99.9 | -0.1% |
Price return only. Dividends and distributions are not included.
Quick Verdict: RCD vs RC vs BXMT vs ACRE vs TRTX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TRTX leads in 4 of 7 categories (5-stock set), making it the strongest pick for valuation and capital efficiency and profitability and margin quality. Ready Capital Corporation is the stronger pick specifically for growth and revenue expansion and dividend income and shareholder returns. RCD 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 ranks third and is worth considering specifically for stability.
- Beta 0.15 vs RC's 1.17, lower leverage
Best for: stability
RC
Ready Capital Corporation
The Real Estate Income Play
RC is the #2 pick in this set and the best alternative if growth exposure and defensive is your priority.
- Rev growth 17.3%, EPS growth 45.2%, 3Y rev CAGR 9.2%
- Beta 1.17, yield 31.4%, current ratio 1.04x
- 17.3% FFO/revenue growth vs RCD's -93.0%
- 31.4% yield, vs TRTX's 13.5%
Best for: growth exposure and defensive
BXMT
Blackstone Mortgage Trust, Inc.
The Real Estate Income Play
BXMT is the clearest fit if your priority is long-term compounding.
- 50.5% 10Y total return vs ACRE's 43.3%
Best for: long-term compounding
ACRE
Ares Commercial Real Estate Corporation
The REIT Holding
Among these 5 stocks, ACRE doesn't own a clear edge in any measured category.
Best for: real estate 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
- Lower P/E (8.1x vs 16.3x)
- 23.2% margin vs RCD's -15.9%
Best for: income & stability and sleep-well-at-night
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | RC | 17.3% FFO/revenue growth vs RCD's -93.0% |
| Value | TRTX | Lower P/E (8.1x vs 16.3x) |
| Quality / Margins | TRTX | 23.2% margin vs RCD's -15.9% |
| Stability / Safety | RCD | Beta 0.15 vs RC's 1.17, lower leverage |
| Dividends | RC | 31.4% yield, vs TRTX's 13.5% |
| Momentum (1Y) | TRTX | +25.7% vs RC's -44.9% |
| Efficiency (ROA) | TRTX | 1.4% ROA vs RCD's -3.7% |
RCD vs RC vs BXMT vs ACRE vs TRTX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
Segment breakdown not available.
FY 2025
Segment breakdown not available.
RCD vs RC vs BXMT vs ACRE vs TRTX — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTRTXLAGGINGACRE
Who Leads Where
TRTX leads in 3 of 6 categories
RCD leads 0 • RC leads 0 • BXMT leads 0 • ACRE leads 0 • 3 tied
Explore the data ↓ACREAres Commercial Real …
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BXMTBlackstone Mortgage T…
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RCReady Capital Corpora…
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RCDReady Capital Corpora…
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TRTXTPG RE Finance Trust,…
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6 Total Categories
CATEGORYLEADERvs RCDvs RCMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
Tied
—
Valuation MetricsMultiples, price ratios, and targets
TRTX3/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TRTX5/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TRTX4/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
Evenly matched — RC and TRTX each lead in 2 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXMT and RCD operate at a comparable scale, with $1.5B 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… | RCReady Capital Cor… | BXMTBlackstone Mortga… | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | -$9M | $499M | $1.5B | $55M | $264M |
| EBITDAEarnings before interest/tax | -$95M | -$249M | $948M | $31M | $144M |
| Net IncomeAfter-tax profit | -$311M | -$229M | $104M | -$20M | $61M |
| Free Cash FlowCash after capex | $366M | $303M | $335M | -$44M | $96M |
| Gross MarginGross profit ÷ Revenue | +100.0% | -0.0% | +62.6% | +46.3% | +78.5% |
| Operating MarginEBIT ÷ Revenue | — | -50.5% | +58.3% | +44.6% | +51.0% |
| Net MarginNet income ÷ Revenue | -15.9% | -45.8% | +6.7% | -36.3% | +23.2% |
| FCF MarginFCF ÷ Revenue | -187.2% | +60.6% | +21.8% | -80.3% | +36.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | -69.8% | +8.7% | +4.0% | -10.0% | -4.4% |
| EPS Growth (YoY)Latest quarter vs prior year | -86.2% | +24.9% | — | -2.0% | +58.3% |
Evenly matched — RC and TRTX each lead in 2 of 6 comparable metrics.
Valuation Metrics
TRTX leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 14.9x trailing earnings, TRTX trades at a 50% valuation discount to BXMT's 29.9x P/E. On an enterprise value basis, TRTX's 15.1x EV/EBITDA is more attractive than RC's 48.3x.
| Metric | RCDReady Capital Cor… | RCReady Capital Cor… | BXMTBlackstone Mortga… | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|---|---|---|
| Market CapShares × price | $3.6B | $357M | $3.2B | $280M | $656M |
| Enterprise ValueMkt cap + debt − cash | $9.5B | $6.0B | $18.9B | $1.3B | $3.9B |
| Trailing P/EPrice ÷ TTM EPS | -8.52x | -1.50x | 29.92x | -307.93x | 14.89x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | 11.98x | 16.34x | 8.09x |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | 48.25x | 16.35x | 18.49x | 15.10x |
| Price / SalesMarket cap ÷ Revenue | 132.59x | 0.71x | 2.12x | 3.28x | 1.97x |
| Price / BookPrice ÷ Book value/share | 1.97x | 0.22x | 0.93x | 0.54x | 0.63x |
| Price / FCFMarket cap ÷ FCF | — | — | 11.71x | 14.18x | 7.26x |
TRTX leads this category, winning 3 of 6 comparable metrics.
Profitability & Efficiency
TRTX leads this category, winning 5 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. ACRE carries lower financial leverage with a 2.06x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXMT's 4.61x. On the Piotroski fundamental quality scale (0–9), BXMT scores 6/9 vs RCD's 1/9, reflecting solid financial health.
| Metric | RCDReady Capital Cor… | RCReady Capital Cor… | BXMTBlackstone Mortga… | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | -16.6% | -12.2% | +2.9% | -3.9% | +5.7% |
| ROA (TTM)Return on assets | -3.7% | -2.6% | +0.5% | -1.3% | +1.4% |
| ROICReturn on invested capital | — | +1.2% | +4.3% | +2.9% | +4.7% |
| ROCEReturn on capital employed | — | +1.4% | +11.3% | +5.8% | +7.1% |
| Piotroski ScoreFundamental quality 0–9 | 1 | 5 | 6 | 5 | 6 |
| Debt / EquityFinancial leverage | 3.12x | 3.55x | 4.61x | 2.06x | 3.08x |
| Net DebtTotal debt minus cash | $5.9B | $5.6B | $15.7B | $1.0B | $3.2B |
| Cash & Equiv.Liquid assets | $144M | $248M | $453M | $29M | $88M |
| Total DebtShort + long-term debt | $6.0B | $5.9B | $16.2B | $1.0B | $3.3B |
| Interest CoverageEBIT ÷ Interest expense | — | 0.41x | 1.11x | 0.95x | 1.32x |
TRTX leads this category, winning 5 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 $5,564 for RC. 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… | RCReady Capital Cor… | BXMTBlackstone Mortga… | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +8.3% | +1.4% | +0.7% | +9.9% | -1.0% |
| 1-Year ReturnPast 12 months | +4.8% | -44.9% | +12.1% | +20.7% | +25.7% |
| 3-Year ReturnCumulative with dividends | +1.3% | -54.4% | +48.1% | -4.4% | +103.4% |
| 5-Year ReturnCumulative with dividends | +1.3% | -44.4% | -4.1% | -29.5% | +1.4% |
| 10-Year ReturnCumulative with dividends | +1.3% | +6.1% | +50.5% | +43.3% | -1.9% |
| CAGR (3Y)Annualised 3-year return | +0.4% | -23.1% | +14.0% | -1.5% | +26.7% |
TRTX leads this category, winning 4 of 6 comparable metrics.
Risk & Volatility
Evenly matched — RCD and BXMT each lead in 1 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 RC's 1.17 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BXMT currently trades 92.6% 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… | RCReady Capital Cor… | BXMTBlackstone Mortga… | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.15x | 1.17x | 0.74x | 0.99x | 0.78x |
| 52-Week HighHighest price in past year | $24.45 | $4.75 | $20.67 | $5.89 | $9.85 |
| 52-Week LowLowest price in past year | $13.47 | $1.51 | $17.67 | $4.05 | $7.44 |
| % of 52W HighCurrent price vs 52-week peak | +91.7% | +45.5% | +92.6% | +85.7% | +86.2% |
| RSI (14)Momentum oscillator 0–100 | 70.3 | 64.1 | 47.5 | 53.4 | 60.6 |
| Avg Volume (50D)Average daily shares traded | 11K | 2.1M | 1.4M | 396K | 655K |
Evenly matched — RCD and BXMT each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — RC and TRTX each lead in 1 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: RC as "Buy", BXMT as "Hold", ACRE as "Buy", TRTX as "Buy". Consensus price targets imply 17.8% upside for TRTX (target: $10) vs -1.0% for ACRE (target: $5). For income investors, RC offers the higher dividend yield at 31.37% vs RCD's 5.39%.
| Metric | RCDReady Capital Cor… | RCReady Capital Cor… | BXMTBlackstone Mortga… | ACREAres Commercial R… | TRTXTPG RE Finance Tr… |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy | Hold | Buy | Buy |
| Price TargetConsensus 12-month target | — | $2.50 | — | $5.00 | $10.00 |
| # AnalystsCovering analysts | — | 16 | 18 | 13 | 11 |
| Dividend YieldAnnual dividend ÷ price | +5.4% | +31.4% | +9.9% | +14.1% | +13.5% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 0 | 0 | 2 |
| Dividend / ShareAnnual DPS | $1.21 | $0.68 | $1.89 | $0.71 | $1.15 |
| Buyback YieldShare repurchases ÷ mkt cap | +2.3% | +18.9% | +3.4% | 0.0% | +3.9% |
Evenly matched — RC and TRTX each lead in 1 of 2 comparable metrics.
Key Takeaway
TRTX leads in 3 of 6 categories — strongest in Valuation Metrics and Profitability & Efficiency. 3 categories are tied.
Best OverallTPG RE Finance Trust, Inc. (TRTX)Leads 3 of 6 categories
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RCD vs RC vs BXMT vs ACRE vs TRTX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is RCD or RC or BXMT or ACRE or TRTX 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 Ready Capital Corporation (RC) a "Buy" — based on 16 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 has the better valuation — RCD or RC or BXMT or ACRE or TRTX?
On trailing P/E, TPG RE Finance Trust, Inc.
(TRTX) is the cheapest at 14. 9x versus Blackstone Mortgage Trust, Inc. at 29. 9x. On forward P/E, TPG RE Finance Trust, Inc. is actually cheaper at 8. 1x.
03Which is the better long-term investment — RCD or RC or BXMT or ACRE or TRTX?
Over the past 5 years, TPG RE Finance Trust, Inc.
(TRTX) delivered a total return of +1. 4%, compared to -44. 4% for Ready Capital Corporation (RC). Over 10 years, the gap is even starker: BXMT returned +50. 5% versus TRTX's -1. 9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — RCD or RC or BXMT or ACRE or TRTX?
By beta (market sensitivity over 5 years), Ready Capital Corporation Notes -15.
12. 29 (RCD) is the lower-risk stock at 0. 15β versus Ready Capital Corporation's 1. 17β — meaning RC is approximately 674% more volatile than RCD relative to the S&P 500. On balance sheet safety, Ares Commercial Real Estate Corporation (ACRE) carries a lower debt/equity ratio of 2% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — RCD or RC or BXMT or ACRE or TRTX?
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: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to -217. 9% for Ready Capital Corporation Notes -15. 12. 29. Over a 3-year CAGR, RC leads at 9. 2% 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.
06Which has better profit margins — RCD or RC or BXMT or ACRE or TRTX?
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.
07Is RCD or RC or BXMT or ACRE or TRTX more undervalued right now?
On forward earnings alone, TPG RE Finance Trust, Inc.
(TRTX) trades at 8. 1x forward P/E versus 16. 3x for Ares Commercial Real Estate Corporation — 8. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for TRTX: 17. 8% to $10. 00.
08Which pays a better dividend — RCD or RC or BXMT or ACRE or TRTX?
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).
09Is RCD or RC or BXMT or ACRE or TRTX 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%, RC: +6. 1%), 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.
10What are the main differences between RCD and RC and BXMT and ACRE and TRTX?
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; RC is a small-cap high-growth stock; BXMT is a small-cap income-oriented stock; ACRE is a small-cap income-oriented stock; TRTX 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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