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Ladder Capital (LADR)
NYSE:LADR
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.26Last Year’s EPS
0.33Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 3.64%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
Ladder Capital Corp exhibited strong financial performance with robust liquidity and improved credit ratings in 2024. However, there was a significant reduction in the loan portfolio and the presence of non-accrual loans, indicating challenges in maintaining growth in the lending segment. Overall, the company appears well-positioned for future growth, but economic uncertainties remain.Company Guidance
In the fourth quarter of 2024, Ladder Capital Corp reported distributable earnings of $33.6 million, or $0.27 per share, with a return on equity of 8.9%. For the full year, distributable earnings reached $153.9 million, achieving a 9.9% return on equity. As of December 31, 2024, Ladder's loan portfolio was valued at $1.6 billion with a weighted average yield of 9.3%, while their securities portfolio totaled $1.1 billion at a 6% unlevered yield. The company maintained $2.2 billion in liquidity, with $1.3 billion in cash and equivalents, and an adjusted leverage of 1.4 times. Ladder extended its unsecured revolving credit facility to $850 million, with an option to increase to $1.25 billion, reflecting a strategic shift towards using unsecured debt. They also recorded significant loan payoffs totaling $1.7 billion and originated $129 million in new loans in Q4. Their real estate portfolio generated $13.2 million in net rental income for the quarter, and they made $295 million in AAA-rated securities purchases. The company's credit ratings saw positive outlooks from Moody's and Fitch, with S&P upgrading their rating, bringing them closer to an investment-grade status.Strong Financial Performance
Ladder generated distributable earnings of $33.6 million in Q4 2024, achieving a return on equity of 8.9%. For the full year, distributable earnings totaled $153.9 million with a 9.9% return on equity.
Enhanced Liquidity and Credit Capacity
The unsecured corporate revolving credit facility was extended and upsized from $324 million to $850 million, with provisions to increase to $1.25 billion at a reduced cost.
Record Loan Payoffs
Ladder received $1.7 billion in loan payoffs across 61 loan positions in 2024, the highest annual payoffs in its history.
Improved Credit Ratings
Ladder received a positive outlook from Moody's and Fitch after a $500 million unsecured bond issuance, with S&P upgrading the credit rating by one notch.
Growing Securities Portfolio
Purchased $295 million of AAA-rated securities with a weighted average unlevered yield of 6.2%, increasing the portfolio to $1.1 billion.
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LADR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LADR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $11.25 | $11.73 | +4.27% |
| Oct 24, 2024 | $10.74 | $11.15 | +3.82% |
| Jul 25, 2024 | $11.37 | $11.66 | +2.55% |
| Apr 25, 2024 | $9.88 | $10.16 | +2.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ladder Capital (LADR) report earnings?
Ladder Capital (LADR) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Ladder Capital (LADR) earnings time?
Ladder Capital (LADR) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LADR EPS forecast?
LADR EPS forecast for the fiscal quarter 2025 (Q1) is 0.26.
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