8-K Announcements
6Material company update
Jun 5, 2026·SEC
Material company update
Apr 23, 2026·SEC
Material company update
Feb 5, 2026·SEC
Ladder Capital Corp(LADR)Earnings, Financials & Key Ratios
LADR•NYSE•REIT / Real Estate
$9.75
19.1× P/E·Price updated Jul 6, 2026
AboutThe 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.Show more
- Revenue$392M-23.3%
- FFO$97M-31.5%
- FFO/Share0.77-31.7%
- FFO Payout120.46%+45.6%
- FFO per Share0.77-31.7%
- NOI Margin71.77%-7.1%
- FFO Margin24.85%-10.7%
- ROE4.26%-39.7%
- ROA1.28%-38.6%
LADR Price & Volume
Ladder Capital Corp (LADR) stock price & volume — 10-year historical chart
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Earnings Volatility Challenges Ladder Capital Dividend Sustainability
Investment Thesis • Updated 2026Q1
VerdictNegative
Growth:Contracting
Profitability:Strained
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Commercial real estate exposure
Key Thesis Takeaways
- Ladder Capital faces significant headwinds as revenue contracted 23.26% year-over-year, reflecting a challenging environment for its core conduit and balance sheet lending segments.
- While the company maintains a relatively conservative debt-to-equity ratio of 2.37x compared to peers, the persistent volatility in FFO per share—dropping from $0.33 in 2024Q2 to $0.09 in 2026Q1—raises concerns regarding long-term dividend coverage.
- Investors should monitor the company's ability to stabilize cash flows, as the current FFO payout ratio of 2.65x in 2026Q1 suggests that distributions may not be fully supported by recurring earnings.
Verdict Logic
the dividend payout ratio relative to FFO reached 2.65x in 2026Q1, indicating that current distributions are not adequately covered by core earnings.
LADR Growth Metrics
Ladder Capital Corp (LADR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-1.02%
5 Years1.84%
3 Years-10.31%
TTM-13.19%
Profit CAGR
10 Years-1.39%
5 Years-
3 Years-23.3%
TTM-46.81%
EPS CAGR
10 Years-3.39%
5 Years-
3 Years-23.29%
TTM-46.55%
Return on Capital
10 Years4.72%
5 Years6.05%
3 Years6.29%
Last Year5.53%
LADR Recent Earnings
Ladder Capital Corp (LADR) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
Apr 23, 2026Metric
Actual
Est
EPS
$0.22+0.0%
$0.22
Rev
$52M-0.7%
$52M
Q1 2026
Feb 5, 2026Metric
Actual
Est
EPS
$0.21-8.7%
$0.23
Rev
$50M-14.0%
$59M
Q4 2025
Oct 23, 2025Metric
Actual
Est
EPS
$0.25+8.7%
$0.23
Rev
$102M+67.1%
$61M
Q3 2025
Jul 24, 2025Metric
Actual
Est
EPS
$0.23+4.5%
$0.22
Rev
$98M+57.8%
$62M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 23, 2026 | $0.22vs $0.22+0.0% | $52Mvs $52M-0.7% |
| Q1 2026 | Feb 5, 2026 | $0.21vs $0.23-8.7% | $50Mvs $59M-14.0% |
| Q4 2025 | Oct 23, 2025 | $0.25vs $0.23+8.7% | $102Mvs $61M+67.1% |
| Q3 2025 | Jul 24, 2025 | $0.23vs $0.22+4.5% | $98Mvs $62M+57.8% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Ladder Capital Corp (LADR)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.75 | $1.24B | 19.12 | -23.26% | 16.36% | 4.26% | 9.54% | |
| $17.46 | $2.95B | 27.28 | -13.96% | 6.75% | 2.93% | — | |
| $1.66 | $274.26M | -1.15 | 1725.96% | -290.69% | -29.57% | — | |
| $8.34 | $644.75M | 14.63 | 123.25% | 23.2% | 5.7% | — | |
| $1.46 | $69.96M | -1.26 | 187.77% | -30.49% | -7.1% | — | |
| $7.04 | $452.67M | -6.70 | -22.72% | -23.56% | -8.4% | — |
Compare LADR vs Peers
Ladder Capital Corp (LADR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LADR SEC Filings & Documents
Ladder Capital Corp (LADR) SEC filings — annual & quarterly reports (10-K, 10-Q)
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LADR Frequently Asked Questions
Ladder Capital Corp (LADR) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Ladder Capital Corp's revenue?
Ladder Capital Corp (LADR) reported $400.3M in revenue for fiscal year 2025. This represents a 179% increase from $143.7M in 2011.
How fast is Ladder Capital Corp growing?
Ladder Capital Corp (LADR) saw revenue decline by 23.3% over the past year.
Is LADR profitable?
Yes, Ladder Capital Corp (LADR) is profitable, generating $55.0M in net income for fiscal year 2025 (16.4% net margin).
Dividend & Returns
Does LADR pay dividends?
Yes, Ladder Capital Corp (LADR) pays a dividend with a yield of 9.54%. This makes it attractive for income-focused investors.
What is LADR's return on equity?
Ladder Capital Corp (LADR) has a return on equity (ROE) of 4.3%. This is below average, suggesting room for improvement.
Industry Metrics
What is Ladder Capital Corp's FFO?
Ladder Capital Corp (LADR) generated Funds From Operations (FFO) of $89.5M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is LADR a good dividend stock?
Ladder Capital Corp (LADR) offers a 9.54% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.