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Real Estate - REIT - Mortgage - NYSE - US
$ 11.64
-0.513 %
$ 1.49 B
Market Cap
15.32
P/E
1. INTRINSIC VALUE

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.[ Read More ]

The intrinsic value of one LADR stock under the base case scenario is HIDDEN Compared to the current market price of 11.6 USD, Ladder Capital Corp is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart LADR

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FINANCIALS
253 M REVENUE
-25.37%
124 M OPERATING INCOME
-63.65%
101 M NET INCOME
-39.20%
181 M OPERATING CASH FLOW
69.25%
794 M INVESTING CASH FLOW
872.55%
-558 M FINANCING CASH FLOW
-271.24%
69.3 M REVENUE
-41.60%
25.3 M OPERATING INCOME
-67.46%
27.2 M NET INCOME
-16.05%
169 M OPERATING CASH FLOW
272.22%
147 M INVESTING CASH FLOW
-41.13%
176 M FINANCING CASH FLOW
154.92%
Balance Sheet Decomposition Ladder Capital Corp
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Current Assets 1.04 B
Cash & Short-Term Investments 1.02 B
Receivables 24.2 M
Other Current Assets 0
Non-Current Assets 1.22 B
Long-Term Investments 492 M
PP&E 0
Other Non-Current Assets 726 M
Current Liabilities 130 M
Accounts Payable 0
Short-Term Debt 0
Other Current Liabilities 130 M
Non-Current Liabilities 3.18 B
Long-Term Debt 3.18 B
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall Ladder Capital Corp
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Revenue 253 M
Cost Of Revenue 63.7 M
Gross Profit 190 M
Operating Expenses 65.8 M
Operating Income 124 M
Other Expenses 23.4 M
Net Income 101 M
RATIOS
74.86% GROSS MARGIN
74.86%
48.89% OPERATING MARGIN
48.89%
39.89% NET MARGIN
39.89%
6.60% ROE
6.60%
1.83% ROA
1.83%
2.52% ROIC
2.52%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Ladder Capital Corp
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Net Income 101 M
Depreciation & Amortization 28.1 M
Capital Expenditures 0
Stock-Based Compensation 18.6 M
Change in Working Capital 32.9 M
Others 31.5 M
Free Cash Flow 181 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Ladder Capital Corp
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Wall Street analysts predict an average 1-year price target for LADR of $13.2 , with forecasts ranging from a low of $13 to a high of $13.5 .
LADR Lowest Price Target Wall Street Target
13 USD 11.68%
LADR Average Price Target Wall Street Target
13.2 USD 13.83%
LADR Highest Price Target Wall Street Target
13.5 USD 15.98%
4. DIVIDEND ANALYSIS
1.98% DIVIDEND YIELD
0.23 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership Ladder Capital Corp
image
Sold
0-3 MONTHS
916 K USD 2
3-6 MONTHS
1.22 M USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
11.1 K USD 1
9-12 MONTHS
Date Value Insider Amount Avg Price
2 months ago
Sep 13, 2024
Sell 304 K USD
Perelman Robert
Head of Asset Management
- 25000
12.15 USD
2 months ago
Aug 30, 2024
Sell 612 K USD
McCormack Pamela
President
- 50000
12.25 USD
3 months ago
Jul 31, 2024
Sell 1.22 M USD
McCormack Pamela
President
- 100000
12.17 USD
10 months ago
Jan 16, 2024
Bought 11.1 K USD
Miceli Paul J.
Chief Financial Officer
+ 993.142
11.14 USD
2 years ago
Apr 14, 2022
Sell 376 K USD
Harris Brian
Chief Executive Officer
- 30000
12.54 USD
2 years ago
Apr 14, 2022
Sell 497 K USD
McCormack Pamela
President
- 40000
12.42 USD
2 years ago
Apr 08, 2022
Sell 232 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 20000
11.61 USD
2 years ago
Apr 08, 2022
Sell 235 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 20000
11.75 USD
2 years ago
Mar 21, 2022
Sell 502 K USD
McCormack Pamela
President
- 41861
11.9802 USD
3 years ago
Sep 02, 2021
Sell 34.4 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 3000
11.4775 USD
3 years ago
Aug 02, 2021
Sell 34.4 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 3000
11.48 USD
3 years ago
Jul 02, 2021
Sell 34.9 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 3000
11.62 USD
3 years ago
Jun 08, 2021
Sell 246 K USD
McCormack Pamela
President
- 20000
12.32 USD
3 years ago
Jun 09, 2021
Sell 252 K USD
McCormack Pamela
President
- 20000
12.61 USD
3 years ago
Jun 08, 2021
Sell 91.5 K USD
Harris Brian
Chief Executive Officer
- 7352
12.4492 USD
3 years ago
Jun 09, 2021
Sell 282 K USD
Harris Brian
Chief Executive Officer
- 22648
12.4568 USD
3 years ago
Jun 02, 2021
Sell 35.8 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 3000
11.93 USD
3 years ago
Jun 01, 2021
Sell 26.4 K USD
Harris Brian
Chief Executive Officer
- 2205
11.9607 USD
3 years ago
Jun 02, 2021
Sell 84 K USD
Harris Brian
Chief Executive Officer
- 7026
11.9601 USD
3 years ago
May 03, 2021
Sell 50.6 K USD
Harris Brian
Chief Executive Officer
- 4223
11.9808 USD
3 years ago
May 03, 2021
Sell 35.9 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 3000
11.96 USD
3 years ago
Apr 29, 2021
Sell 150 K USD
Harris Brian
Chief Executive Officer
- 12546
11.9721 USD
3 years ago
Apr 26, 2021
Sell 47.8 K USD
Harris Brian
Chief Executive Officer
- 4000
11.9605 USD
3 years ago
Apr 05, 2021
Sell 296 K USD
McCormack Pamela
President
- 25000
11.86 USD
3 years ago
Apr 05, 2021
Sell 35.6 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 3000
11.86 USD
3 years ago
Mar 15, 2021
Sell 72.4 K USD
Moclair Kevin
Chief Accounting Officer
- 6000
12.06 USD
3 years ago
Feb 22, 2021
Sell 275 K USD
Perelman Robert
Head of Asset Management
- 25000
11 USD
3 years ago
Jan 21, 2021
Sell 30.7 K USD
Fox Marc
Chief Financial Officer
- 2922
10.5 USD
3 years ago
Jan 25, 2021
Sell 494 K USD
Fox Marc
Chief Financial Officer
- 47078
10.5 USD
3 years ago
Jan 21, 2021
Sell 46.9 K USD
Perelman Robert
Head of Asset Management
- 4469
10.5 USD
3 years ago
Jan 25, 2021
Sell 216 K USD
Perelman Robert
Head of Asset Management
- 20531
10.5 USD
3 years ago
Jan 21, 2021
Sell 30.7 K USD
Fox Marc
Chief Financial Officer
- 2922
10.5 USD
3 years ago
Jan 25, 2021
Sell 494 K USD
Fox Marc
Chief Financial Officer
- 47078
10.5 USD
3 years ago
Jan 11, 2021
Sell 31.1 K USD
Harris Brian
Chief Executive Officer
- 3108
10.001 USD
3 years ago
Jan 12, 2021
Sell 843 K USD
Harris Brian
Chief Executive Officer
- 84270
10 USD
3 years ago
Jan 13, 2021
Sell 194 K USD
Harris Brian
Chief Executive Officer
- 19355
10 USD
3 years ago
Jan 06, 2021
Sell 156 K USD
Harris Brian
Chief Executive Officer
- 15630
10.004 USD
3 years ago
Jan 07, 2021
Sell 21 K USD
Harris Brian
Chief Executive Officer
- 2101
10 USD
3 years ago
Jan 08, 2021
Sell 18.7 K USD
Harris Brian
Chief Executive Officer
- 1872
10 USD
3 years ago
Dec 28, 2020
Sell 127 K USD
Harris Brian
Chief Executive Officer
- 12700
10.003 USD
3 years ago
Dec 28, 2020
Sell 15.7 K USD
Perelman Robert
Head of Asset Management
- 1572
10 USD
3 years ago
Dec 28, 2020
Sell 392 K USD
McCormack Pamela
President
- 39188
10 USD
3 years ago
Dec 18, 2020
Sell 50 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 5000
10 USD
3 years ago
Dec 18, 2020
Sell 108 K USD
McCormack Pamela
President
- 10812
10 USD
3 years ago
Dec 18, 2020
Sell 610 K USD
Harris Brian
Chief Executive Officer
- 60964
10 USD
3 years ago
Dec 18, 2020
Sell 234 K USD
Perelman Robert
Head of Asset Management
- 23428
10 USD
3 years ago
Nov 24, 2020
Sell 47.5 K USD
Porcella Kelly Amanda
Chief Admin Off & Gen Counsel
- 5000
9.501 USD
3 years ago
Nov 24, 2020
Sell 950 K USD
McCormack Pamela
President
- 100000
9.501 USD
4 years ago
Nov 09, 2020
Sell 3.65 K USD
Alexander Mark David
Director
- 441
8.28 USD
5 years ago
May 31, 2019
Bought 24 K USD
McCormack Pamela
President
+ 1500
16.02 USD
5 years ago
May 22, 2019
Bought 25.6 K USD
McCormack Pamela
President
+ 1600
16.03 USD
6 years ago
May 15, 2018
Bought 149 K USD
McCormack Pamela
President
+ 10000
14.879 USD
6 years ago
May 16, 2018
Bought 52.6 K USD
Harney Thomas
Head-Merchant Banking & Cap Mk
+ 3500
15.02 USD
6 years ago
May 07, 2018
Bought 251 K USD
FISHMAN ALAN H
Chairman
+ 17500
14.3225 USD
7 years ago
Oct 10, 2017
Sell 22.5 M USD
GI PARTNERS FUND III LP
10 percent owner
- 1657001
13.55 USD
7 years ago
Oct 10, 2017
Sell 4.06 M USD
GI PARTNERS FUND III LP
10 percent owner
- 299927
13.55 USD
7 years ago
Oct 10, 2017
Sell 584 K USD
GI PARTNERS FUND III LP
10 percent owner
- 43072
13.55 USD
7 years ago
Aug 21, 2017
Bought 134 K USD
Harris Brian
Chief Executive Officer
+ 10000
13.41 USD
7 years ago
Mar 13, 2017
Sell 9.77 M USD
TowerBrook Investors, Ltd.
10 percent owner
- 695071
14.05 USD
7 years ago
Mar 13, 2017
Sell 5.87 M USD
TowerBrook Investors, Ltd.
10 percent owner
- 417985
14.05 USD
7 years ago
Mar 13, 2017
Sell 13 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 922168
14.05 USD
7 years ago
Mar 13, 2017
Sell 2.35 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 166918
14.05 USD
7 years ago
Mar 13, 2017
Sell 337 K USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 23971
14.05 USD
7 years ago
Mar 13, 2017
Sell 13 M USD
Park Howard
Director
- 922168
14.05 USD
7 years ago
Mar 13, 2017
Sell 2.35 M USD
Park Howard
Director
- 166918
14.05 USD
7 years ago
Mar 13, 2017
Sell 337 K USD
Park Howard
Director
- 23971
14.05 USD
7 years ago
Mar 03, 2017
Sell 15.2 M USD
TowerBrook Investors, Ltd.
10 percent owner
- 1117326
13.59 USD
7 years ago
Mar 03, 2017
Sell 9.17 M USD
TowerBrook Investors, Ltd.
10 percent owner
- 674843
13.59 USD
7 years ago
Mar 03, 2017
Sell 22.8 M USD
Park Howard
Director
- 1675013
13.59 USD
7 years ago
Mar 03, 2017
Sell 4.14 M USD
Park Howard
Director
- 304510
13.59 USD
7 years ago
Mar 03, 2017
Sell 594 K USD
Park Howard
Director
- 43731
13.59 USD
7 years ago
Mar 03, 2017
Sell 22.8 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 1675013
13.59 USD
7 years ago
Mar 03, 2017
Sell 4.14 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 304510
13.59 USD
7 years ago
Mar 03, 2017
Sell 594 K USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 43731
13.59 USD
8 years ago
Mar 16, 2016
Sell 31 K USD
Moclair Kevin
Chief Accounting Officer
- 2638
11.75 USD
7 years ago
Dec 12, 2016
Sell 42.7 M USD
Park Howard
Director
- 3137211
13.6 USD
7 years ago
Dec 12, 2016
Sell 1.11 M USD
Park Howard
Director
- 81905
13.6 USD
7 years ago
Dec 12, 2016
Sell 7.76 M USD
Park Howard
Director
- 570330
13.6 USD
7 years ago
Dec 12, 2016
Sell 42.7 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 3137211
13.6 USD
7 years ago
Dec 12, 2016
Sell 1.11 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 81905
13.6 USD
7 years ago
Dec 12, 2016
Sell 7.76 M USD
GI PARTNERS FUND III LP
director, 10 percent owner:
- 570330
13.6 USD
7 years ago
Dec 12, 2016
Sell 60.4 M USD
TowerBrook Investors, Ltd.
10 percent owner
- 4441661
13.6 USD
9 years ago
Aug 11, 2015
Bought 150 K USD
Alexander Mark David
Director
+ 9600
15.66 USD
9 years ago
Aug 11, 2015
Bought 77.6 K USD
Alexander Mark David
Director
+ 5000
15.51 USD
9 years ago
Aug 11, 2015
Bought 77.5 K USD
Alexander Mark David
Director
+ 5000
15.5 USD
9 years ago
Aug 11, 2015
Bought 77.8 K USD
Alexander Mark David
Director
+ 5000
15.55 USD
9 years ago
Aug 10, 2015
Bought 6.26 K USD
Alexander Mark David
Director
+ 400
15.66 USD
9 years ago
Aug 10, 2015
Bought 78.5 K USD
Alexander Mark David
Director
+ 5000
15.7 USD
9 years ago
Aug 10, 2015
Bought 78.8 K USD
Alexander Mark David
Director
+ 5000
15.75 USD
9 years ago
Aug 10, 2015
Bought 78.8 K USD
Alexander Mark David
Director
+ 5000
15.75 USD
9 years ago
Aug 10, 2015
Bought 78.8 K USD
Alexander Mark David
Director
+ 5000
15.76 USD
9 years ago
Aug 10, 2015
Bought 78.8 K USD
Alexander Mark David
Director
+ 5000
15.77 USD
9 years ago
Jun 29, 2015
Sell 636 K USD
Fox Marc
Chief Financial Officer
- 36000
17.66 USD
9 years ago
Jun 26, 2015
Sell 38.4 K USD
Mazzei Michael
President
- 2100
18.27 USD
7. News
Ladder Capital: The Dividend Should Be Safe Ladder Capital is a reliable choice for passive income, offering stable dividends with a solid loan portfolio and a consistent quarterly dividend. Despite a challenging market, Ladder Capital's loan provisions decreased significantly in the third quarter, improving net interest income by 13% year-over-year and indicating a strong loan quality profile. The stock trades at a 6% discount to BV and offers an 8% yield, with a conservative dividend payout ratio of 77%, providing a substantial margin of safety for investors. seekingalpha.com - 2 weeks ago
Ladder Capital Vs. Blackstone Mortgage (Only 1 Winner) Commercial mREITs have historically faced challenges during economic downturns, with recent underperformance compared to equity REITs, highlighting the importance of cautious investment. BXMT's focus on senior secured loans in prime markets is promising, but its high office exposure and potential for further dividend cuts warrant caution. LADR's diversified strategy, strong liquidity, and well-covered dividend offer a compelling investment opportunity, especially with potential market share gains from regional banks. seekingalpha.com - 2 weeks ago
Ladder Capital: 8.1% CRE Yield With 1.3X Dividend Coverage Ladder Capital's Q3 earnings exceeded expectations, showing robust dividend coverage of 1.30X and a stable book value. The REIT's portfolio, primarily senior secured loans, is well-managed despite challenges in the U.S. office sector. The CECL reserve declined $2M Q/Q, indicating strong loan quality. Ladder Capital's shares trade at a 5% discount to book value, offering potential capital upside in addition to an 8.1% dividend yield. seekingalpha.com - 3 weeks ago
Ladder Capital Corp (LADR) Q3 2024 Earnings Conference Call Transcript Ladder Capital Corp (NYSE:LADR ) Q3 2024 Earnings Conference Call October 24, 2024 10:00 AM ET Company Participants Pamela McCormack - Founder and President Paul Miceli - CFO Brian Harris - Founder and CEO Adam Siper - Head of Origination Conference Call Participants Stephen Laws - Raymond James Tom Catherwood - BTIG Steve DeLaney - JMP Securities Jade Rahmani - KBW Matthew Howlett - B. Riley Securities FBR Operator Good morning, and welcome to Ladder Capital Corp's Earnings Call for the Third Quarter of 2024. seekingalpha.com - 3 weeks ago
Ladder Capital (LADR) Tops Q3 Earnings and Revenue Estimates Ladder Capital (LADR) came out with quarterly earnings of $0.30 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.31 per share a year ago. zacks.com - 3 weeks ago
Ladder Capital Corp Reports Results for the Quarter Ended September 30, 2024 NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (NYSE: LADR) (“we,” “our,” “Ladder,” or the “Company”) today announced operating results for the quarter ended September 30, 2024. GAAP income before taxes for the three months ended September 30, 2024 was $28.5 million, and diluted earnings per share (“EPS”) was $0.22. Distributable earnings was $37.7 million, or $0.30 of distributable EPS. “Ladder again generated solid earnings and returns for our shareholders this quarter. With the real estate m. businesswire.com - 3 weeks ago
8%-Yielding Cash Cows To Make Money While You Sleep Dividend-paying stocks like Energy Transfer and Ladder Capital offer high yields and diversification, making them attractive for income-focused investors. ET's robust growth is driven by strategic acquisitions, a vast pipeline network, and fee-based cash flows, making it a top value pick in the energy midstream space. Ladder Capital benefits from a diversified portfolio, prudent management, and strong liquidity, while trading at a material discount to book value with an 8.4% dividend yield. seekingalpha.com - 3 weeks ago
Ladder Capital Corp to Report Third Quarter 2024 Results NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (NYSE: LADR) (“we,” “Ladder,” or the “Company”) will release its third quarter 2024 results on Thursday, October 24, 2024 before the open of markets that day. The Company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time that day to discuss the financial results. The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international. Individuals who dial in will be asked to identify the. businesswire.com - 1 month ago
I'm Locking Up To 8% Yield For A Better Tomorrow Ladder Capital offers an 8% yield, a robust asset base, and a disciplined lending strategy, making it a bargain at a 17% discount to book value. Comcast provides strong recurring cash flows from broadband, wireless, and media, with a 3% yield and significant share buybacks enhancing total return potential. Both Ladder Capital and Comcast provide attractive recurring cash flow, undervaluation, and growth potential, balancing risk management to deliver long-term shareholder value. seekingalpha.com - 1 month ago
This Commercial Firm's Dividend Yields Hot 7.7%, But Risks Remain Ladder Capital has benefited from a surprisingly resilient economy, easing interest rates, and a gradual return to office work. investors.com - 1 month ago
Ladder Capital Corp Announces Third Quarter 2024 Dividend to Holders of Class A Common Stock NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the declaration by its board of directors of a third quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on October 15, 2024 to stockholders of record as of the close of business on September 30, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.0 billion of assets as of June 30, 2024. Our. businesswire.com - 2 months ago
Harvest These 8-9% Yields For Recurring Income Capital Southwest offers a 9.1% yield, conservative portfolio, low expense ratio, and strong balance sheet, making it a solid high-income investment. Ladder Capital provides a 7.7% yield, high-quality loan portfolio, low leverage, and is trading at meaningful discount to undepreciated book value. Both companies benefit from internal management, aligning shareholder and management interests, and offer well-covered dividends with potential for portfolio growth. seekingalpha.com - 2 months ago
8. Profile Summary

Ladder Capital Corp LADR

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COUNTRY US
INDUSTRY REIT - Mortgage
MARKET CAP $ 1.49 B
Dividend Yield 1.98%
Description 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.
Contact 345 Park Avenue, New York, NY, 10154 https://www.laddercapital.com
IPO Date Feb. 6, 2014
Employees 59
Officers Mr. Anthony V. Esposito Chief Accounting Officer & Principal Accounting Officer Mr. Brian Richard Harris Founder, Chief Executive Officer & Director Mr. Craig Robertson Head of Underwriting & Loan Portfolio Manager Mr. Mark Ableman Head of Transaction Management Dr. Ed Peterson Head of CMBS Trading & Co-Head of Securitization Mr. David Traitel Head of Legal Structuring Mr. Adam Siper Head of Origination Mr. Michael Scarola Chief Credit Officer Mr. Michael Cafaro Chief Technology Officer Ms. Michelle Wallach Chief Compliance Officer, Senior Regulatory Counsel