Ladder Capital (NYSE:LADR) Issues Earnings Results

Ladder Capital (NYSE:LADR) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.08), FiscalAI reports. The business had revenue of $50.47 million during the quarter, compared to the consensus estimate of $61.00 million. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.During the same period in the prior year, the firm earned $0.27 earnings per share.

Here are the key takeaways from Ladder Capital’s conference call:

• Ladder became the only investment-grade rated commercial mortgage REIT (Moody’s Baa3, Fitch BBB-; S&P BB+), issued $500M of senior unsecured notes that tightened materially in the secondary market, and secured $400M of accordion commitments, supporting an unsecured funding base and $608M of liquidity.
• Origination momentum accelerated — $1.4B of new loans in 2025 (Q4 ~$433M), over $250M closed in January 2026 and more than $450M under application, with management prioritizing loan growth and targeting a materially larger loan book (management cited a potential >$6B level by year-end).
• Securities book is high-quality and liquid — $2.1B in securities (99% investment grade, ~97% AAA) with ~$1.4B unencumbered, which management plans to redeploy into higher-yield loan originations to drive earnings.
• Credit issues remain — four nonaccrual loans totaling $129.7M (2.5% of assets), a $5M realized loan loss in Q4 (previously reserved), and a CECL reserve of $47M; management says losses were modest but viewed as unacceptable and continue to monitor credit risk.
• Financial and shareholder metrics — Q4 distributable earnings $21.4M ($0.17) or $26.4M ($0.21) adjusted; FY distributable earnings $109.9M (7.1% ROE); Q4 dividend $0.23 (96% coverage excluding the write-off); $10.2M of share repurchases in 2025 with $90.6M remaining authorization.

Ladder Capital Price Performance

LADR stock traded down $0.73 during midday trading on Thursday, reaching $10.34. 1,699,588 shares of the company’s stock traded hands, compared to its average volume of 729,539. The company has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $11.06. The company has a quick ratio of 35.60, a current ratio of 35.60 and a debt-to-equity ratio of 2.01. Ladder Capital has a 1-year low of $9.68 and a 1-year high of $11.92. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 7.14 and a beta of 1.01.

Ladder Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend was Wednesday, December 31st. Ladder Capital’s dividend payout ratio (DPR) is currently 146.03%.

Institutional Trading of Ladder Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in LADR. Nebula Research & Development LLC raised its holdings in shares of Ladder Capital by 3.1% in the second quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 1,008 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Ladder Capital by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock worth $654,000 after acquiring an additional 1,416 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of Ladder Capital by 0.9% during the third quarter. Alliancebernstein L.P. now owns 162,607 shares of the real estate investment trust’s stock worth $1,774,000 after purchasing an additional 1,498 shares in the last quarter. Swiss National Bank grew its stake in shares of Ladder Capital by 1.8% during the third quarter. Swiss National Bank now owns 222,407 shares of the real estate investment trust’s stock valued at $2,426,000 after purchasing an additional 3,900 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Ladder Capital by 89.0% in the second quarter. Tower Research Capital LLC TRC now owns 10,425 shares of the real estate investment trust’s stock valued at $112,000 after purchasing an additional 4,910 shares in the last quarter. 62.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LADR has been the topic of several research reports. HSBC set a $13.00 price target on Ladder Capital in a research note on Wednesday, January 21st. B. Riley started coverage on Ladder Capital in a research note on Monday, January 5th. They issued a “buy” rating and a $13.00 target price for the company. Citigroup reissued a “market outperform” rating on shares of Ladder Capital in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ladder Capital in a report on Monday, December 29th. Finally, Susquehanna set a $13.00 price target on shares of Ladder Capital in a research report on Wednesday, January 21st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $12.92.

About Ladder Capital

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.