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Ladder Capital (LADR)
NYSE:LADR
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.28Last Year’s EPS
$0.32Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 4.01%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
Ladder Capital Corp demonstrated strong earnings and liquidity, with a successful bond issuance and credit rating upgrade. However, they faced challenges with specific loan impairments and slower loan origination growth. The company remains optimistic about future opportunities in a recovering market.Company Guidance
During the third quarter of 2024, Ladder Capital Corp. reported distributable earnings of $37.7 million, equivalent to $0.30 per share, yielding a return on equity of 9.8%. The company maintained a strong liquidity position with $1.9 billion, including $1.6 billion in cash and cash equivalents, representing 30% of the balance sheet. Ladder's adjusted leverage stood at 1.6x. They executed a $500 million unsecured corporate bond offering, raising their unsecured debt to 57% of their total debt, and achieved credit rating upgrades from Moody's, Fitch, and S&P. The loan portfolio totaled $2 billion, with $492 million in paydowns and $58 million in future funding commitments, while the securities portfolio, largely comprised of AAA-rated securities, reached $853 million with a 6.8% unlevered yield. Ladder's real estate portfolio generated $14.1 million in net rental income, and the firm remains optimistic about achieving an investment-grade status to enhance market position and attract investors.Strong Distributable Earnings and Return on Equity
Ladder generated distributable earnings of $37.7 million or $0.30 per share, resulting in a return on equity of 9.8%.
Robust Liquidity Position
Ladder maintained $1.9 billion in liquidity, with $1.6 billion or 30% of the balance sheet in cash and cash equivalents.
Successful Bond Issuance and Credit Rating Upgrade
Ladder closed a $500 million 7-year unsecured corporate bond offering and received a credit rating upgrade from S&P.
High Loan Payoffs
Received $492 million in loan payoffs, the second highest quarterly payoff level in the company's history.
Securities Portfolio Growth
The securities portfolio grew by 77% in the third quarter, ending at $853 million, predominantly AAA-rated.
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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 |
|---|---|---|---|
| Oct 24, 2024 | $10.97 | $11.38 | +3.74% |
| Jul 25, 2024 | $11.61 | $11.90 | +2.50% |
| Apr 25, 2024 | $10.09 | $10.37 | +2.78% |
| Feb 08, 2024 | $9.95 | $10.03 | +0.80% |
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 Feb 06, 2025, TBA Not Confirmed.
What is Ladder Capital (LADR) earnings time?
Ladder Capital (LADR) earnings time is at Feb 06, 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 2024 (Q4) is $0.28.
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