Ladder Capital (NYSE:LADR) Posts Quarterly Earnings Results, Hits Expectations

Ladder Capital (NYSE:LADR) released its earnings results on Thursday. The real estate investment trust reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22, FiscalAI reports. Ladder Capital had a return on equity of 5.68% and a net margin of 13.82%.The company had revenue of $51.88 million during the quarter, compared to the consensus estimate of $57.03 million. During the same quarter in the previous year, the company posted $0.20 earnings per share.

Here are the key takeaways from Ladder Capital’s conference call:

• Distributable Earnings of $28 million ($0.22 per share) were reported and management expects Distributable Earnings to exceed the dividend as soon as next quarter.
• The company has rapidly expanded its loan book—nearly 60% growth since March 31, 2025—with balance‑sheet loans now ~46% of assets and ~ $900 million deployed in Q1 (>$620M in new loans), with strong early Q2 momentum.
• Liquidity and funding improved materially—$675 million of new unsecured capital commitments, revolver expanded to $1.25B, a $275M delayed‑draw term loan (140 bps over SOFR), an S&P upgrade to BB+, and roughly $1.1 billion of same‑day liquidity.
• Credit actions included resolution of three foreclosed assets (aggregate carrying values ~$80 million) and one remaining non‑accrual of ~$51M; management maintains a $47 million CECL reserve and says it is sufficient.
• Management says macro volatility and geopolitical uncertainty are creating selective opportunities (including in office), but remains cautious and expects broader conduit/refinance market normalization to be gradual (potentially into 2027).

Ladder Capital Trading Down 1.0%

NYSE:LADR opened at $10.35 on Friday. Ladder Capital has a 1-year low of $9.61 and a 1-year high of $11.92. The business’s 50-day moving average price is $10.15 and its two-hundred day moving average price is $10.63. The company has a current ratio of 29.65, a quick ratio of 29.65 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 0.87 and a beta of 1.00.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Tuesday, March 31st. Ladder Capital’s dividend payout ratio is currently 180.39%.

Analysts Set New Price Targets

A number of brokerages recently commented on LADR. Capital One Financial set a $13.00 price objective on Ladder Capital in a research report on Wednesday, January 21st. Citigroup restated a “market outperform” rating on shares of Ladder Capital in a research report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a research note on Friday, March 27th. B. Riley Financial initiated coverage on shares of Ladder Capital in a research report on Monday, January 5th. They set a “buy” rating and a $13.00 price target for the company. Finally, Susquehanna set a $13.00 price target on shares of Ladder Capital in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Ladder Capital currently has an average rating of “Moderate Buy” and a consensus target price of $12.75.

Institutional Trading of Ladder Capital

A number of institutional investors and hedge funds have recently modified their holdings of the stock. VARCOV Co. acquired a new stake in shares of Ladder Capital in the 4th quarter valued at approximately $203,000. Millennium Management LLC grew its holdings in Ladder Capital by 261.0% during the fourth quarter. Millennium Management LLC now owns 229,520 shares of the real estate investment trust’s stock valued at $2,522,000 after purchasing an additional 165,938 shares during the period. Asset One Wealth Management LLC acquired a new position in Ladder Capital during the fourth quarter valued at approximately $181,000. Balyasny Asset Management L.P. increased its stake in Ladder Capital by 11.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 215,029 shares of the real estate investment trust’s stock valued at $2,363,000 after purchasing an additional 22,391 shares in the last quarter. Finally, Aristeia Capital L.L.C. increased its stake in Ladder Capital by 108.2% in the fourth quarter. Aristeia Capital L.L.C. now owns 40,449 shares of the real estate investment trust’s stock valued at $445,000 after purchasing an additional 21,019 shares in the last quarter. 62.25% of the stock is owned by institutional investors.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.