Ladder Capital Corp (LADR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 103.34M | 96.3M | 102.43M | 98.22M | 91.55M | 121.16M | 129.64M | 118.73M | 128.82M | 121.91M | 141.29M | 134.97M | 126.91M | 177.14M | 118.49M | 126.48M | 121.61M | 102.05M | 96.92M | 86.69M |
| Revenue Growth % | 12.88% | -20.52% | -20.99% | -17.28% | -28.93% | -0.62% | -8.25% | -12.04% | 1.51% | -31.18% | 19.24% | 6.72% | 4.36% | 73.58% | 22.26% | 45.89% | 67.61% | 31.01% | -8.8% | 16.97% |
| Property Operating Expenses | 30.23M | 28.05M | 29.39M | 27.89M | 25.43M | 27.2M | 29.52M | 31.01M | 28.61M | 27.32M | 26.93M | 28.27M | 27.34M | 28.46M | 28.36M | 27.34M | 30.55M | 26.88M | 28.2M | 28.44M |
| Net Operating Income (NOI) | 73.11M | 68.25M | 73.03M | 70.33M | 66.12M | 93.96M | 100.12M | 87.72M | 100.22M | 94.59M | 114.36M | 106.7M | 99.58M | 148.68M | 90.13M | 99.13M | 91.06M | 75.17M | 68.72M | 58.26M |
| NOI Margin % | 70.75% | 70.87% | 71.3% | 71.61% | 72.22% | 77.55% | 77.23% | 73.88% | 77.79% | 77.59% | 80.94% | 79.05% | 78.46% | 83.93% | 76.07% | 78.38% | 74.88% | 73.66% | 70.91% | 67.2% |
| Operating Expenses | 18.48M | 7.01M | 8.4M | 8.02M | 14.74M | 9.95M | 14.3M | 15.05M | 23.25M | 15.46M | 19.16M | 17.9M | 24.35M | 16.24M | 10.77M | 11.66M | 26.61M | 3.83M | 1.19M | 3.13M |
| G&A Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EBITDA | 63.54M | 69.84M | 73.19M | 70.7M | 59.12M | 91.89M | 94.39M | 81.52M | 85.7M | 87.35M | 102.8M | 96.72M | 83.21M | 140.8M | 87.66M | 95.47M | 74.23M | 81.27M | 77.32M | 65.08M |
| EBITDA Margin % | 61.48% | 72.52% | 71.45% | 71.99% | 64.58% | 75.84% | 72.81% | 68.66% | 66.52% | 71.65% | 72.76% | 71.66% | 65.56% | 79.48% | 73.98% | 75.48% | 61.04% | 79.64% | 79.78% | 75.07% |
| Depreciation & Amortization | 8.91M | 8.61M | 8.56M | 8.39M | 7.74M | 7.88M | 8.57M | 8.84M | 8.73M | 8.21M | 7.6M | 7.92M | 7.98M | 8.35M | 8.3M | 8M | 9.79M | 9.93M | 9.8M | 9.95M |
| D&A / Revenue % | 8.62% | 8.94% | 8.36% | 8.54% | 8.45% | 6.5% | 6.61% | 7.45% | 6.78% | 6.73% | 5.38% | 5.87% | 6.29% | 4.72% | 7.01% | 6.32% | 8.05% | 9.73% | 10.11% | 11.48% |
| Operating Income | 54.63M | 61.24M | 64.63M | 62.31M | 51.38M | 84.01M | 85.82M | 72.67M | 76.96M | 79.14M | 95.2M | 88.8M | 75.23M | 132.44M | 79.36M | 87.47M | 64.45M | 71.34M | 67.53M | 55.13M |
| Operating Margin % | 52.86% | 63.59% | 63.1% | 63.45% | 56.13% | 69.33% | 66.2% | 61.21% | 59.74% | 64.91% | 67.38% | 65.79% | 59.27% | 74.77% | 66.98% | 69.16% | 52.99% | 69.91% | 69.67% | 63.59% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 1.06x | 1.34x | 1.46x | 1.51x | 1.24x | 1.65x | 1.49x | 1.57x | 1.31x | 1.30x | 1.55x | 1.46x | 1.39x | 2.31x | 1.65x | 2.07x | 1.38x | 1.69x | 1.38x | 1.22x |
| Non-Operating Income | 256K | -18K | 520K | 287K | -3.33M | 77K | -321K | -12.56M | -162K | 37K | -1.4M | -679K | -9.43M | -213K | -407K | -1.04M | -434K | -373K | -533K | -237K |
| Pretax Income | 3.17M | 15.52M | 20.13M | 20.82M | 10.72M | 33.04M | 28.46M | 31.04M | 18.36M | 18.36M | 34.34M | 28.14M | 23.91M | 75.27M | 31.3M | 45.81M | 17.84M | 29.31M | 18.72M | 10.14M |
| Pretax Margin % | 3.07% | 16.11% | 19.65% | 21.2% | 11.71% | 27.27% | 21.96% | 26.14% | 14.25% | 15.06% | 24.31% | 20.85% | 18.84% | 42.49% | 26.41% | 36.22% | 14.67% | 28.72% | 19.32% | 11.7% |
| Income Tax | 566K | -343K | 960K | 3.71M | -838K | 1.71M | 901K | -1.09M | 1.93M | -670K | 3.15M | 46K | 1.72M | 1.01M | 2.61M | 2.59M | -1.31M | 2.24M | -212K | -318K |
| Effective Tax Rate % | 17.86% | -2.21% | 4.77% | 17.84% | -7.82% | 5.18% | 3.17% | -3.51% | 10.49% | -3.65% | 9.16% | 0.16% | 7.19% | 1.34% | 8.35% | 5.66% | -7.34% | 7.63% | -1.13% | -3.14% |
| Net Income | 2.6M | 15.89M | 19.19M | 17.33M | 11.78M | 31.38M | 27.91M | 32.35M | 16.61M | 19.24M | 31.32M | 28.16M | 22.41M | 59.55M | 28.58M | 35.05M | 19.03M | 27.11M | 18.93M | 10.29M |
| Net Margin % | 2.52% | 16.5% | 18.73% | 17.64% | 12.86% | 25.9% | 21.53% | 27.25% | 12.89% | 15.78% | 22.17% | 20.87% | 17.66% | 33.62% | 24.12% | 27.71% | 15.65% | 26.56% | 19.53% | 11.87% |
| Net Income Growth % | -77.88% | -49.37% | -31.25% | -46.43% | -29.1% | 63.15% | -10.88% | 14.86% | -25.88% | -67.7% | 9.57% | -19.64% | 17.74% | 119.69% | 51.02% | 240.47% | 9812.5% | 331.38% | 10.12% | 345.74% |
| Funds From Operations (FFO) | 11.51M | 24.5M | 27.75M | 25.72M | 19.51M | 39.26M | 36.48M | 41.19M | 25.34M | 27.44M | 38.92M | 36.09M | 30.39M | 67.91M | 36.88M | 43.04M | 28.82M | 37.04M | 28.73M | 20.24M |
| FFO Margin % | 11.14% | 25.44% | 27.09% | 26.18% | 21.31% | 32.41% | 28.14% | 34.69% | 19.67% | 22.51% | 27.54% | 26.74% | 23.95% | 38.34% | 31.13% | 34.03% | 23.7% | 36.29% | 29.64% | 23.35% |
| FFO Growth % | -41% | -37.61% | -23.95% | -37.57% | -23% | 43.07% | -6.25% | 14.15% | -16.61% | -59.59% | 5.51% | -16.16% | 5.46% | 83.35% | 28.4% | 112.64% | 182.36% | 2197.23% | 4.31% | 228.92% |
| FFO per Share | 0.09 | 0.19 | 0.22 | 0.20 | 0.15 | 0.31 | 0.29 | 0.33 | 0.20 | 0.22 | 0.31 | 0.29 | 0.24 | 0.54 | 0.29 | 0.34 | 0.23 | 0.30 | 0.23 | 0.16 |
| FFO Payout Ratio % | 265.19% | 117.69% | 103.95% | 112.78% | 157.53% | 73.6% | 79.25% | 70.36% | 122% | 104.53% | 73.72% | 79.5% | 99.88% | 42.05% | 74.2% | 57.95% | 90.71% | 66.59% | 86.41% | 122.63% |
| EPS (Diluted) | 0.02 | 0.13 | 0.15 | 0.14 | 0.09 | 0.25 | 0.22 | 0.26 | 0.13 | 0.15 | 0.25 | 0.23 | 0.18 | 0.48 | 0.23 | 0.28 | 0.15 | 0.22 | 0.15 | 0.08 |
| EPS Growth % | -78.54% | -48% | -31.82% | -46.15% | -28.31% | 66.67% | -12% | 13.04% | -27.78% | -68.75% | 8.7% | -17.86% | 20% | 118.18% | 53.33% | 250% | - | 320% | 7.14% | 304.08% |
| EPS (Basic) | 0.02 | 0.13 | 0.15 | 0.14 | 0.09 | 0.25 | 0.22 | 0.26 | 0.13 | 0.15 | 0.25 | 0.23 | 0.18 | 0.48 | 0.23 | 0.28 | 0.15 | 0.22 | 0.15 | 0.08 |
| Diluted Shares Outstanding | 126.02M | 126.19M | 126.12M | 126.2M | 126.28M | 125.87M | 125.91M | 125.84M | 125.52M | 125.08M | 124.97M | 124.83M | 124.66M | 125.18M | 125.17M | 125.27M | 125.48M | 124.57M | 124.5M | 124.48M |