Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities and the U.S. Agency Securities. This segment also invests in corporate bonds and equity securities. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, such as leased properties, office buildings, student housing portfolios, hotels, industrial buildings, shopping center, and condominium units. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ladder Capital Corp was founded in 2008 and is headquartered in New York, New York.
IPO Year: 2014
Exchange: NYSE
Website: laddercapital.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 7/19/2024 | $13.50 | Buy | BTIG Research |
| 6/25/2024 | $13.00 | Outperform | Wolfe Research |
| 7/27/2023 | $12.00 → $12.50 | Strong Buy → Outperform | Raymond James |
| 4/25/2023 | $10.00 | Buy | BTIG Research |
| 10/31/2022 | $11.00 | Neutral | BofA Securities |
BTIG Research resumed coverage of Ladder Capital with a rating of Buy and set a new price target of $13.50
Wolfe Research initiated coverage of Ladder Capital with a rating of Outperform and set a new price target of $13.00
Raymond James downgraded Ladder Capital from Strong Buy to Outperform and set a new price target of $12.50 from $12.00 previously
BTIG Research resumed coverage of Ladder Capital with a rating of Buy and set a new price target of $10.00
BofA Securities resumed coverage of Ladder Capital with a rating of Neutral and set a new price target of $11.00
Raymond James reiterated coverage of Ladder Cap with a rating of Strong Buy and set a new price target of $14.00 from $12.50 previously
Raymond James reiterated coverage of Ladder Capital with a rating of Strong-Buy and set a new price target of $12.50 from $11.50 previously
Wolfe Research upgraded Ladder Capital from Underperform to Outperform
Wolfe Research upgraded Ladder Capital from Underperform to Outperform
Raymond James reiterated coverage of Ladder Cap with a rating of Strong Buy and set a new price target of $12.50 from $11.50 previously
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter ended September 30, 2024. GAAP income before taxes for the three months ended September 30, 2024 was $28.5 million, and diluted earnings per share ("EPS") was $0.22. Distributable earnings was $37.7 million, or $0.30 of distributable EPS. "Ladder again generated solid earnings and returns for our shareholders this quarter. With the real estate markets continuing to stabilize and the closing of our most recent $500 million unsecured corporate bond offering, Ladder has significant liquidity and is actively pursuing new origination opportunities. We're excited to return
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") will release its third quarter 2024 results on Thursday, October 24, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available until midnight on Thursday, November 7, 2024. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 intern
Ladder Capital Corp ("Ladder" or the "Company") (NYSE:LADR) today announced the declaration by its board of directors of a third quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on October 15, 2024 to stockholders of record as of the close of business on September 30, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.0 billion of assets as of June 30, 2024. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation's leading commercial real estate capital providers, we specialize in underwriting comm
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter ended June 30, 2024. GAAP income before taxes for the three months ended June 30, 2024 was $31.0 million, and diluted earnings per share ("EPS") was $0.26. Distributable earnings was $40.4 million, or $0.31 of distributable EPS. "We are pleased with Ladder's second quarter results, as we generated strong returns with low leverage and a large cash position. We were also pleased with the execution of our seventh unsecured corporate bond issuance and the resulting positive actions received from all three rating agencies, moving Ladder one step closer to an investment gr
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") will release its second quarter 2024 results on Thursday, July 25, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available until midnight on Thursday, August 8, 2024. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 internati
Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE:LADR) announced today that its subsidiaries, Ladder Capital Finance Holdings LLLP (the "Issuer") and Ladder Capital Finance Corporation (the "Co-Issuer" and collectively with the Issuer, the "Issuers"), have priced a private offering of $500 million in aggregate principal amount of 7.000% Senior Notes due 2031 (the "Notes"). The sale of the Notes is expected to be completed on or about July 5, 2024, subject to customary closing conditions. The Notes will be the Issuers' senior unsecured obligations and will be guaranteed on a senior unsecured basis by the Company and each of the Issuers' wholly owned domestic subsidiaries th
Ladder Capital Corp ("Ladder" or the "Company") (NYSE:LADR) today announced the declaration by its board of directors of a second quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.3 billion of assets as of March 31, 2024. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation's leading commercial real estate capital providers, we specialize in underwriting commerci
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter ended March 31, 2024. GAAP income before taxes for the three months ended March 31, 2024 was $18.4 million, and diluted earnings per share ("EPS") was $0.13. Distributable earnings was $42.3 million, or $0.33 of distributable EPS. "We are pleased with Ladder's first quarter results, as we continue to navigate through the current credit cycle, increased global tensions, heightened market volatility, and persistently high interest rates. With a strong liquidity position, low leverage and our disciplined approach to credit, we are well-positioned and poised to capitaliz
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") will release its first quarter 2024 results on Thursday, April 25, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available until midnight on Thursday, May 9, 2024. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 internationa
Ladder Capital Corp ("Ladder" or the "Company") (NYSE:LADR) today announced the declaration by its board of directors of a first quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.5 billion of assets as of December 31, 2023. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation's leading commercial real estate capital providers, we specialize in underwriting commer
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Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Michael Comparato as its new President. Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer. Mr. Comparato is a managing director with Benefit Street Partners L.L.C. ("BSP"), the Company's external manager, and has served as Head of Commercial Real Estate for BSP since 2017. Since BSP took over the role of external manager of FBRT, Mr. Comparato has played a leading role for BSP in fulfilling its duties under the advisory agreement, running day-to-day operations, including overseeing loan originat
NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the appointment of Paul J. Miceli as Chief Financial Officer, effective March 1, 2021. Mr. Miceli, Ladder’s Director of Finance, will succeed Marc Fox, who has announced his intention to leave the Company. Mr. Fox will stay on through May 7, 2021, to ensure an orderly transition. Mr. Miceli joined Ladder in 2019 and has been working alongside Mr. Fox and the senior management team as part of Ladder’s longer-term succession plan. Prior to joining Ladder, Mr. Miceli served as a Managing Director in the accounting and finance group of Colony Capital, Inc., and previously as Deputy
NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) announced that an affiliate of Koch Real Estate Investments, LLC exercised its option to invest $32 million in Ladder’s common equity, resulting in Ladder issuing 4 million shares today. Koch exercised its option to do so under the strategic financing agreement reached in April 2020, in which Koch agreed to provide the Company with $206.4 million in senior secured financing to fund transitional and land loans. “We’re pleased to have a premier investor like Koch Real Estate Investments as a new long-term equity investor in Ladder,” Brian Harris, Ladder’s CEO said. Jake Francis, President of K
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter ended September 30, 2024. GAAP income before taxes for the three months ended September 30, 2024 was $28.5 million, and diluted earnings per share ("EPS") was $0.22. Distributable earnings was $37.7 million, or $0.30 of distributable EPS. "Ladder again generated solid earnings and returns for our shareholders this quarter. With the real estate markets continuing to stabilize and the closing of our most recent $500 million unsecured corporate bond offering, Ladder has significant liquidity and is actively pursuing new origination opportunities. We're excited to return
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") will release its third quarter 2024 results on Thursday, October 24, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available until midnight on Thursday, November 7, 2024. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 intern
Ladder Capital Corp ("Ladder" or the "Company") (NYSE:LADR) today announced the declaration by its board of directors of a third quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on October 15, 2024 to stockholders of record as of the close of business on September 30, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.0 billion of assets as of June 30, 2024. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation's leading commercial real estate capital providers, we specialize in underwriting comm
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter ended June 30, 2024. GAAP income before taxes for the three months ended June 30, 2024 was $31.0 million, and diluted earnings per share ("EPS") was $0.26. Distributable earnings was $40.4 million, or $0.31 of distributable EPS. "We are pleased with Ladder's second quarter results, as we generated strong returns with low leverage and a large cash position. We were also pleased with the execution of our seventh unsecured corporate bond issuance and the resulting positive actions received from all three rating agencies, moving Ladder one step closer to an investment gr
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") will release its second quarter 2024 results on Thursday, July 25, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available until midnight on Thursday, August 8, 2024. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 internati
Ladder Capital Corp ("Ladder" or the "Company") (NYSE:LADR) today announced the declaration by its board of directors of a second quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.3 billion of assets as of March 31, 2024. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation's leading commercial real estate capital providers, we specialize in underwriting commerci
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter ended March 31, 2024. GAAP income before taxes for the three months ended March 31, 2024 was $18.4 million, and diluted earnings per share ("EPS") was $0.13. Distributable earnings was $42.3 million, or $0.33 of distributable EPS. "We are pleased with Ladder's first quarter results, as we continue to navigate through the current credit cycle, increased global tensions, heightened market volatility, and persistently high interest rates. With a strong liquidity position, low leverage and our disciplined approach to credit, we are well-positioned and poised to capitaliz
Ladder Capital Corp (NYSE:LADR) ("we," "Ladder," or the "Company") will release its first quarter 2024 results on Thursday, April 25, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify themselves and their affiliations. For those unable to participate, an audio replay will be available until midnight on Thursday, May 9, 2024. To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 internationa
Ladder Capital Corp ("Ladder" or the "Company") (NYSE:LADR) today announced the declaration by its board of directors of a first quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on April 15, 2024 to stockholders of record as of the close of business on March 28, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.5 billion of assets as of December 31, 2023. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation's leading commercial real estate capital providers, we specialize in underwriting commer
Ladder Capital Corp (NYSE:LADR) ("we," "our," "Ladder," or the "Company") today announced operating results for the quarter and year ended December 31, 2023. GAAP income before taxes for the three months ended December 31, 2023 was $18.4 million, and diluted earnings per share ("EPS") was $0.15. Distributable earnings was $40.0 million, or $0.32 of distributable EPS. GAAP income before taxes for the year ended December 31, 2023 was $104.7 million, and diluted earnings per share ("EPS") was $0.81. Distributable earnings was $167.7 million, or $1.34 of distributable EPS. "2023 was another positive year for Ladder, as we generated both double-digit earnings growth and returns on equity with
JMP Securities analyst Steven Delaney maintains Ladder Cap (NYSE:LADR) with a Market Outperform and raises the price target from $12.5 to $13.5.
BTIG analyst Thomas Catherwood assumes Ladder Cap (NYSE:LADR) with a Buy rating and announces Price Target of $13.5.
Wolfe Research analyst Keegan Carl initiates coverage on Ladder Cap (NYSE:LADR) with a Outperform rating and announces Price Target of $13.
Ladder Cap (NYSE:LADR) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.29 by 13.79 percent.
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Ladder Cap (NYSE:LADR) with a Outperform and lowers the price target from $12.75 to $12.5.
Ladder Cap (NYSE:LADR) reported quarterly earnings of $0.32 per share which beat the analyst consensus estimate of $0.29 by 10.34 percent.
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Ladder Cap (NYSE:LADR) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement. Analysts estimate that Ladder Cap will report an earnings per share (EPS) of $0.29. Ladder Cap bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company beat EPS by $0.02, which was followed by a 0.63% drop in the share price