Ladder Capital Q4 2023 Earnings Report

Ladder Capital EPS Results

• Actual EPS: $0.29
• Consensus EPS: $0.27
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: $0.28

Ladder Capital Revenue Results

• Actual Revenue: $121.27 million
• Expected Revenue: $63.22 million
• Beat/Miss: Beat by +$58.05 million
• YoY Revenue Growth: N/A

Ladder Capital Announcement Details

• Quarter: Q4 2023
• Date: 2/8/2024
• Time: Before Market Opens

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It 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, U.S. treasury and agency, 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. The company was founded in 2008 and is headquartered in New York, New York.