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LADR

Ladder Capital Corp

LADR

Ladder Capital Corp • NYSE
$11.05 ▼ -0.27% (-0.03)
Market Cap $1.41 B
52w High $12.10
52w Low $9.68
Dividend Yield 0.92%
P/E 17.54
Volume 297.28K
Outstanding Shares 127.48M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $101.942M ▲ $54.439M ▲ $19.189M ▲ 18.823% ▲ $0.15 ▲ $72.346M ▲
Q2-2025 $97.753M ▲ $12.461M ▼ $17.328M ▲ 17.726% ▲ $0.14 ▲ $70.357M ▲
Q1-2025 $91.549M ▼ $19.661M ▼ $11.775M ▼ 12.862% ▼ $0.094 ▼ $59.121M ▼
Q4-2024 $121.163M ▲ $48.917M ▲ $31.384M ▲ 25.902% ▼ $0.25 ▲ $91.451M ▼
Q3-2024 $67.883M $14.907M $27.913M 41.119% $0.22 $94.389M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $418.289M ▲ $4.687B ▲ $3.193B ▲ $1.496B ▼
Q2-2025 $135.186M ▼ $4.457B ▼ $2.957B ▲ $1.503B ▼
Q1-2025 $480.237M ▼ $4.47B ▼ $2.956B ▼ $1.517B ▼
Q4-2024 $1.324B ▼ $4.845B ▼ $3.312B ▼ $1.535B ▲
Q3-2024 $1.608B $5.379B $3.848B $1.533B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $14.529M ▼ $26.338M ▼ $-291.41M ▲ $179.655M ▲ $-85.505M ▲ $27.845M ▼
Q2-2025 $17.109M ▲ $44.045M ▲ $-405.574M ▼ $-23.471M ▲ $-385M ▲ $44.045M ▲
Q1-2025 $11.555M ▼ $-28.727M ▲ $-373.783M ▼ $-410.202M ▲ $-812.712M ▼ $-28.727M ▲
Q4-2024 $31.331M ▲ $-60.121M ▼ $199.091M ▲ $-492.145M ▼ $-353.174M ▼ $-60.121M ▼
Q3-2024 $27.913M $169.011M $146.95M $175.772M $491.733M $170.842M

Revenue by Products

Product Q1-2018Q2-2018Q3-2018Q4-2018
Availableforsale Securities
Availableforsale Securities
 $0 ▲$0 ▲$0 ▲$0 ▲
Loans
Loans
 $0 ▲$0 ▲$0 ▲$0 ▲
Real Estate
Real Estate
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Ladder’s income statement shows a steady recovery and then solidification after the pandemic shock. Revenue has grown meaningfully over the last several years, and gross profitability has generally improved along with it. Net profit has been consistently positive since 2021, with earnings per share rebounding from the earlier loss. That said, operating profit has not risen as fast as revenue, which suggests higher costs, tighter loan spreads, or some pressure from credit provisions. Overall, the business looks profitable, but not in a straight line—more like a gradual climb with some bumps as the commercial real estate cycle shifts.

Balance Sheet

Balance Sheet The balance sheet looks conservative for a mortgage REIT. Total assets have been broadly stable, suggesting a relatively disciplined growth approach rather than aggressive expansion. Debt levels are significant, as is normal for this type of business, but have come down from earlier highs, while equity has stayed steady. Cash on hand has increased in recent years, giving the company more flexibility and a liquidity cushion. Combined with its investment‑grade credit profile, this points to a focus on safety, funding flexibility, and being ready to act when attractive lending or investment opportunities appear.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, which is important for a lending-focused business. Free cash flow closely tracks operating cash flow because capital spending needs are very low—this is not a capital‑intensive company. The pattern suggests that Ladder is able to convert its earnings into cash reasonably well and doesn’t require heavy reinvestment to maintain its operations. That gives it more room to support dividends, manage debt, and selectively grow its loan book or real estate holdings, depending on market conditions.

Competitive Edge

Competitive Edge Ladder’s edge is more about strategy and discipline than about technology. Its three‑pronged model—commercial real estate lending, property ownership, and mortgage securities—gives it multiple income streams and the ability to shift emphasis when markets change. A conservative funding approach and investment‑grade rating differentiate it from many peers and can translate into lower borrowing costs and more stable access to capital. Focusing on middle‑market loans puts it in a segment that is less crowded by very large banks, where relationships and execution speed matter. Internal management and high insider ownership align leadership closely with shareholders. The flip side is that the company remains exposed to commercial real estate cycles, credit risk, and competition from both banks and other alternative lenders, especially when credit conditions are loose.

Innovation and R&D

Innovation and R&D Ladder is not an R&D‑driven or tech‑heavy story. Its “innovation” shows up more in how it structures deals, manages risk, and flexibly allocates capital across loans, properties, and securities. The company’s strengths lie in underwriting discipline, tailored financing solutions, and the ability to move quickly for borrowers who value certainty and speed. Future evolution is likely to center on expanding its lending footprint, refining credit selection, and using its investment‑grade balance sheet to pursue higher‑return opportunities, rather than rolling out new technologies or products in the traditional R&D sense.

Summary

Overall, Ladder Capital comes across as a cautious, income‑oriented commercial real estate lender with a deliberately conservative posture. Its earnings and cash flows are generally stable and positive, supported by a diversified business model and solid risk management. The balance sheet and credit rating give it room to be opportunistic when competitors are constrained, which can be a meaningful advantage in stressed markets. Key things to watch going forward include how it balances growth in loan originations with credit quality, how it uses its liquidity and borrowing strength, and how sensitive its results remain to shifts in the commercial real estate and interest‑rate environment. The story is one of resilience and steady execution rather than aggressive, high‑growth expansion.

NEWS

October 23, 2025 · 8:30 AM UTC

Ladder Capital Corp Reports Results for the Quarter Ended September 30, 2025

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October 16, 2025 · 8:15 AM UTC

Ladder Capital Corp to Report Third Quarter 2025 Results

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September 15, 2025 · 8:15 AM UTC

Ladder Capital Corp Announces Third Quarter 2025 Dividend to Holders of Class A Common Stock

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