Ladder Capital Corp

Ladder Capital Corp

LADRยทNYSE

$10.21

+0.34%
Financial ServicesFinancial - Mortgages

The 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.

At a Glance

Live Snapshot
Market Cap$1.30B
EPS0.5100
P/E Ratio20.03
Earnings Date07/23/2026
Ladder Capital Corp

Ladder Capital Corp Fair Value Envelope

LADR ยท NYSE

Our analysis suggests that LADR has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.215, this represents a potential HIDDEN relative to our calculated worth for Ladder Capital Corp.

Intrinsic Value
Current Price: $10.215

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$139.8M
+ Cash & Equivalents$38.0M
Firm Value$177.8M
- Debt$3.5B
Equity Value-$3.3B
/ Shares Outstanding127,482,051B
DCF Value-$26
OVERVALUED BY 356%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$56.5M
$36.7M
$23.9M
$15.5M
$10.1M
$6.5M
$4.3M
$2.8M
$1.8M
$1.2M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$56.5M
$36.7M
$23.9M
$15.5M
$10.1M
$6.5M
$4.3M
$2.8M
$1.8M
$1.2M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$52.4M
$31.5M
$19.0M
$11.4M
$6.9M
$4.1M
$2.5M
$1.5M
$898.9K
$540.8K
Terminal Value represents 6.6% of Enterprise Value