LADR
Ladder Capital Corp11.21
-0.12-1.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.43BP/E (TTM)
17.79Basic EPS (TTM)
0.63Dividend Yield
0.08%Recent Filings
8-K
Ladder Q3 earnings surge
Ladder Capital Corp reported Q3 2025 results on October 23, featuring GAAP net income of $19.2 million and distributable earnings of $32.1 million, or $0.25 per share, up from Q2's $0.23. The quarter marked the highest loan origination volume in over three years, alongside a successful $500 million investment-grade bond issuance that bolsters liquidity. Yet, total assets dipped to $4.7 billion from year-end. This positions Ladder to seize market opportunities amid cycles.
10-Q
Q2 FY2025 results
Ladder Capital's Q2 FY2025 results showed net interest income dipping to $21.5M from $34.3M y/y, yet total other income held steady at $34.7M, driving net income to $17.1M versus $32.1M last year—diluted EPS fell to $0.14 from $0.26, reconciled to 126.2M shares. Revenue drivers included steady real estate operating income of $25.8M amid portfolio sales, while securities investments swelled to $1.97B, boosting yields to 5.9% (derived). Liquidity strengthened with $135M cash and $1.5B unencumbered loans, total debt at $2.78B (down q/q from CLO redemptions), and $850M revolver undrawn. Foreclosure added $42.4M office assets in April 2025 at fair value, no goodwill noted. Competition in commercial real estate lending remains a key risk.
8-K
Ladder reports strong Q2 earnings
Ladder Capital Corp reported Q2 2025 GAAP net income of $17.3 million, or $0.14 diluted EPS, while distributable earnings reached $30.9 million, or $0.23 distributable EPS, up from $25.5 million in Q1. The company secured investment grade ratings and issued its first unsecured bond, slashing borrowing costs amid a diversified senior secured portfolio. This positions Ladder to seize new deals. Yet risks from market shifts loom.
8-K
Ladder completes $500M notes offering
Ladder Capital's subsidiaries completed a $500 million public offering of 5.500% senior notes due August 1, 2030, on July 3, 2025, fully guaranteed by the parent company. The notes, issued under an indenture with Wilmington Trust, carry semi-annual interest payments starting February 1, 2026, and include covenants limiting additional debt and requiring unencumbered asset ratios. This bolsters Ladder’s unsecured funding base. Yet covenants curb flexibility.
8-K
Annual meeting elects directors
Ladder Capital Corp's stockholders re-elected Alan H. Fishman, Pamela McCormack, and David Weiner to its Board of Directors as Class II members at the June 5, 2025 annual meeting, with terms expiring in 2028. Fishman faced significant opposition, receiving 40.1 million votes for versus 44.4 million withheld, while McCormack and Weiner garnered stronger support at 66.2 million and 66.9 million for, respectively. The appointment of Ernst & Young LLP as independent auditors for 2025 passed overwhelmingly with 108.3 million votes in favor. Board continuity holds firm despite the dissent.
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