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Ladder Capital Corp Class A

Ladder Capital Corp Class A

LADR · NYSE · Real Estate / REIT - Mortgage

8.50USD-0.02 (-0.23%)

Price History

Full chart

Market Stats

Previous Close8.52
Open8.55
Day Range8.37 – 8.59
52-Week Range8.91 – 10.85
Volume2.23M
Market Cap1.14B
P/E (TTM)21.40
Forward P/E2.45
EPS0.42
Dividend Yield10.13%
Beta1.00
50-Day Avg9.70
200-Day Avg10.22

About

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 and acquires balance sheet loans that provide interim financing to borrowers seeking short-term capital for the acquisition or transition of commercial real estate; originates conduit loans, which are first mortgage loans on commercial real estate properties for sale in commercial mortgage-backed securities securitizations; and invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. Its Securities segment invests in CMBS, U.S. Agency securities, corporate bonds, equity securities, and U.S. Treasury securities that are not classified as cash and cash equivalents. The Real Estate segment engages in net leased properties, other diversified real estate, and investments in unconsolidated ventures. 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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Brian Richard Harris
  • Employees60
  • Headquarters320 Park Avenue, New York, NY, United States, 10022, USA
  • Websitehttps://www.laddercapital.com

Leadership

  • Mr. Brian Richard HarrisFounder, CEO & Director · b. 1960
  • Ms. Pamela Lynn McCormack J.D.Founder, President & Director · b. 1970
  • Mr. Robert M. Perelman J.D.Founder & Head of Asset Management · b. 1962
  • Mr. Paul J. Miceli CPAChief Financial Officer · b. 1979
  • Ms. Kelly Amanda Porcella J.D.Chief Administrative Officer, General Counsel & Secretary · b. 1981
  • Mr. Anthony V. EspositoChief Accounting Officer & Principal Accounting Officer · b. 1980
  • Mr. Michael CafaroChief Technology Officer
  • Ms. Michelle WallachChief Compliance Officer & Senior Regulatory Counsel
  • Mr. Adam SiperHead of Origination
  • Mr. Michael ScarolaChief Credit Officer

Financials

Income Statement

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue166.01M143.71M289.62M362.74M391.47M434.81M394.30M456.66M600.64M501.87M358.10M358.21M543.71M525.09M511.22M392.30M
Growth (%)--13.43%+101.53%+25.25%+7.92%+11.07%-9.32%+15.82%+31.53%-16.44%-28.65%+0.03%+51.78%-3.43%-2.64%-23.26%
Cost of Revenue816.98K2.09M7.28M67.01M93.89M118.03M112.33M117.30M115.29M109.15M118.45M111.35M114.71M109.86M116.34M110.77M
Gross Profit165.19M141.62M282.34M295.73M297.58M316.78M281.97M339.36M485.35M392.72M239.65M246.87M429.00M415.23M394.88M281.54M
Gross Margin99.51%98.55%97.49%81.53%76.02%72.85%71.51%74.31%80.80%78.25%66.92%68.92%78.90%79.08%77.24%71.77%
Operating Expense24.67M32.89M75.11M57.73M171.25M154.86M163.03M200.48M55.84M254.08M55.49M7.67M65.28M76.87M62.55M38.17M
Operating Income140.52M108.73M207.22M238.00M126.33M161.92M118.93M138.88M429.51M138.63M184.16M239.19M363.72M338.37M332.32M243.37M
Operating Margin84.65%75.66%71.55%65.61%32.27%37.24%30.16%30.41%71.51%27.62%51.43%66.77%66.90%64.44%65.01%62.04%
EBITDA140.93M110.12M212.12M262.72M230.90M312.81M280.21M319.25M462.83M383.87M249.54M280.46M400.25M381.55M366.46M275.39M
EBITDA Margin84.89%76.63%73.24%72.43%58.98%71.94%71.06%69.91%77.06%76.49%69.68%78.29%73.61%72.66%71.68%70.20%
Net Income91.04M71.72M169.50M189.83M31.56M73.82M66.73M95.28M180.01M122.64M-14.45M56.52M142.22M101.13M108.25M64.18M
Net Income Margin54.84%49.90%58.53%52.33%8.06%16.98%16.92%20.86%29.97%24.44%-4.03%15.78%26.16%19.26%21.18%16.36%
R&D----000.30.290.380.280.050.160.310.2--
R&D as % of Total Revenue----0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense48.87M35.84M36.44M48.74M77.57M113.30M120.83M146.12M194.29M204.35M227.47M182.95M195.60M245.10M221.54M174.92M
Interest Expense % of Total Revenue29.44%24.94%12.58%13.44%19.82%26.06%30.64%32.00%32.35%40.72%63.52%51.07%35.98%46.68%43.34%44.59%

Balance Sheet

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets02.65B2.63B3.49B5.82B5.90B5.58B6.03B6.27B6.67B5.88B5.85B5.95B5.51B4.85B5.15B
Total Liabilities01.67B1.53B2.30B4.32B4.40B4.07B4.54B4.63B5.03B4.33B4.34B4.42B3.98B3.31B3.67B
Total Equity0988.94M1.10B1.18B785.43M1.49B1.51B1.23B1.64B1.64B1.54B1.51B1.53B1.53B1.54B1.48B
Cash084.35M45.18M78.74M76.22M108.96M44.62M76.67M67.88M58.17M1.25B548.74M609.08M1.02B1.32B37.95M
Total Debt-18.56M693.68M1.61B2.76B5.54B3.97B3.91B4.45B7.01B4.21B4.22B4.25B3.80B3.15B3.51B
Net Debt--65.79M648.50M1.53B2.68B2.91B2.79B3.83B3.72B4.80B2.96B3.67B3.64B2.79B1.83B3.47B

Cash Flow

Currency: USD2010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-231.27M340.30M-116.01M475.08M208.67M-38.31M338.43M11.98M200.43M183.21M111.94M79.74M106.71M180.60M133.92M87.02M
Investing Cash Flow-423.72M-330.38M288.11M-1.08B-2.37B34.65M36.28M-306.63M-342.87M-126.59M1.54B-651.46M81.59M793.50M932.76M-1.61B
Financing Cash Flow568.72M-12.56M-211.27M640.35M2.16B22.00M-448.08M387.90M58.20M200.68M-725.67M-91.02M-150.24M-557.77M-796.59M227.04M
Capital Expenditure339.73K1.32M351.04K289.38M5.19M8.38M10.64M5.64M7.78M7.59M6.10M4.87M6.95M4.37M6.50M0
Free Cash Flow-231.61M338.98M-116.36M475.08M208.67M-38.31M338.43M11.98M200.43M175.62M111.94M79.74M106.71M180.60M133.92M87.02M
Dividends Paid42.95M43.98M73.16M93.64M369.00K39.93M67.17M100.08M122.77M144.53M118.89M100.55M107.01M116.42M117.71M117.41M
FCF to OCF100.15%99.61%100.30%100.00%100.00%100.00%100.00%100.00%100.00%95.86%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF-18.54%12.97%-62.88%19.71%0.18%-104.25%19.85%835.01%61.25%82.30%106.20%126.10%100.28%64.46%87.90%134.93%

Earnings

Report DateMay 5, 2014Aug 5, 2014Nov 5, 2014Mar 5, 2015May 6, 2015Aug 5, 2015Nov 4, 2015Mar 3, 2016May 5, 2016Aug 4, 2016Nov 3, 2016Feb 23, 2017May 9, 2017Aug 2, 2017Nov 2, 2017Feb 27, 2018May 2, 2018Jul 31, 2018Nov 1, 2018Feb 27, 2019May 7, 2019Jul 31, 2019Nov 7, 2019Feb 27, 2020May 5, 2020Jul 30, 2020Oct 29, 2020Feb 25, 2021May 6, 2021Jul 29, 2021Oct 28, 2021Feb 10, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Feb 9, 2023Apr 27, 2023Jul 26, 2023Oct 26, 2023Feb 8, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Feb 6, 2025Apr 24, 2025Jul 24, 2025Oct 23, 2025Feb 5, 2026Apr 23, 2026Jul 23, 2026Oct 22, 2026
EPS Estimate0.340.360.360.340.460.480.500.460.370.330.360.390.320.350.340.430.380.410.410.430.390.420.390.390.190.030.100.080.050.050.090.160.190.240.250.290.310.320.300.290.290.290.270.280.220.220.230.240.220.200.20
EPS Actual0.370.380.310.320.480.510.400.450.380.320.400.370.310.420.350.470.550.450.590.450.400.430.380.400.260.120.160.050.040.100.140.210.250.340.270.310.380.330.310.320.330.310.300.270.200.230.250.170.220.21-
Surprise8.82%5.56%-13.89%-5.88%4.35%6.25%-20.00%-2.17%2.70%-3.03%11.11%-5.13%-3.13%20.00%2.94%9.30%44.74%9.76%43.90%4.65%2.56%2.38%-2.56%2.56%36.84%300.00%60.00%-37.50%-20.00%100.00%55.56%31.25%31.58%41.67%8.00%6.90%22.58%3.13%3.33%10.34%13.79%6.90%11.11%-3.57%-9.09%4.55%8.70%-29.17%0.00%5.00%-
TimingAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market

Key Statistics & Ratios

Market Cap1.14B
Enterprise Value5.12B
Trailing P/E21.40
Forward P/E2.45
PEG Ratio1.89
Price / Sales5.24
Price / Book0.81
EPS0.42
Book Value11.27
Revenue (TTM)217.52M
Gross Profit (TTM)150.52M
Profit Margin24.03%
Operating Margin28.21%
Return on Equity3.57%
Return on Assets1.04%
Shares Outstanding126.87M
Shares Float110.75M
Beta1.00
Dividend Yield10.13%
Dividend Rate0.92
Payout Ratio108.24%

Analyst Ratings

Buy
Based on 6 analystsTarget 12.00
  • Strong Buy
    3
  • Buy
    2
  • Hold
    1

Ownership Breakdown

Institutions
66.71%
Insiders
12.65%
Retail / Other
20.64%

Top Institutional Holders

  • BlackRock Inc
    9.97M7.86%
  • Jennison Associates LLC
    6.41M5.05%
  • Vanguard Portfolio Management, LLC
    4.96M3.91%
  • Vanguard Capital Management, LLC
    4.94M3.89%
  • Victory Capital Management Inc.
    4.16M3.28%
  • Wellington Management Company LLP
    3.58M2.82%
  • Two Sigma Investments LLC
    3.10M2.44%
  • State Street Corp
    2.85M2.25%
  • Geode Capital Management, LLC
    2.80M2.21%
  • The Goldman Sachs Group Inc
    2.75M2.16%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    2.71M2.13%
  • Nuveen, LLC
    2.11M1.66%
  • Adage Capital Partners Gp LLC
    1.75M1.38%
  • JPMorgan Chase & Co
    1.73M1.36%
  • Charles Schwab Investment Management Inc
    1.47M1.16%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    3.49M2.75%
  • iShares Russell 2000 ETF
    2.92M2.30%
  • Vanguard Small Cap Index
    2.51M1.98%
  • PGIM Jennison Small Company A
    2.50M1.97%
  • Vanguard MStar Small Cap Value Index
    1.59M1.25%

Dividends

20263×
0.23Sep 30, 20260.23Jun 30, 20260.23Mar 31, 2026
20254×
0.23Dec 31, 20250.23Sep 30, 20250.23Jun 30, 20250.23Mar 31, 2025
20244×
0.23Dec 31, 20240.23Sep 30, 20240.23Jun 28, 20240.23Mar 27, 2024
20234×
0.23Dec 28, 20230.23Sep 28, 20230.23Jun 29, 20230.23Mar 30, 2023
20224×
0.23Dec 29, 20220.23Sep 29, 20220.22Jun 29, 20220.20Mar 30, 2022
20214×
0.20Dec 30, 20210.20Sep 29, 20210.20Jun 29, 20210.20Mar 30, 2021
20201×
0.20Dec 30, 2020