Ladder Capital Corp. (LADR)
Ladder Capital Corp (LADR) Q2 2025 Earnings Call Transcript
Ladder Capital Corp (NYSE:LADR ) Q2 2025 Earnings Conference Call July 24, 2025 10:00 AM ET Company Participants Pamela McCormack - Founder, President & Director Paul Miceli - Chief Financial Officer Brian Harris - Founder, CEO & Director Conference Call Participants Randolph Binner - B. Riley Securities, Inc., Research Division Jade Rahmani - Keefe, Bruyette, & Woods, Inc., Research Division John Nickodemus - BTIG, LLC, Research Division Christopher Muller - Citizens JMP Securities, LLC, Research Division Operator Good morning, and welcome to Ladder Capital Corp.'s Earnings Call for the Second Quarter of 2025.
Ladder Capital (LADR) Beats Q2 Earnings and Revenue Estimates
Ladder Capital (LADR) came out with quarterly earnings of $0.23 per share, beating the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.31 per share a year ago.
Ladder Capital: High Yield, Low Leverage - A REIT Navigating CRE Headwinds
Ladder Capital offers a 9% yield, supported by low leverage, strong liquidity, and management's significant insider ownership, making it a rare income opportunity. My analysis finds the dividend is well-covered by cash flows and a conservative balance sheet, with a 1.4× coverage ratio and resilient capital structure. Shares trade at a discount to intrinsic value, with additional upside potential from accretive buybacks and modest dividend growth as earnings recover.
Mortgage REITs: Is The Thrill Of Victory Worth The Agony Of Defeat?
Residential mREITs have consistently underperformed, making them unattractive, despite high yields; I avoid them except for rare preferred shares. Commercial mREITs, especially Starwood Property Trust and Ladder Capital, offer better performance and value, with Ladder as my top pick. Ladder stands out for its strong balance sheet, insider alignment, and potential for robust returns as it redeploys capital in 2026.
Ladder Capital: A 9% Yield On Sale
Ladder Capital reported weaker-than-expected earnings for Q1'25 with the mortgage REIT also not supporting its dividend. Ladder Capital's portfolio reduction, driven by commercial real estate market challenges, led to a 45% year-over-year decline in net interest income in Q1'25. The REIT's balance sheet quality, however, remained stable Q/Q, as did its CECL reserve.
Ladder Capital Corp (LADR) Q1 2025 Earnings Call Transcript
Ladder Capital Corp (NYSE:LADR ) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Brian Harris – Founder and Chief Executive Officer Pamela McCormack – Founder and President Paul Miceli – Chief Financial Officer Conference Call Participants Randy Binner – B. Riley Jade Rahmani – KBW Steven DeLaney – Citizens JMP Securities John Nicodemus – BTIG Operator Good morning and welcome to Ladder Capital Corp's Earnings Call for the First Quarter of 2025.
Ladder Capital (LADR) Misses Q1 Earnings and Revenue Estimates
Ladder Capital (LADR) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to earnings of $0.33 per share a year ago.
Earnings Preview: Ladder Capital (LADR) Q1 Earnings Expected to Decline
Ladder Capital (LADR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ladder Capital: 8% Yield, 17% Discount Make It A Buy
Ladder Capital Corp offers an 8% dividend yield, backed by solid fundamentals, conservative loan underwriting, and strong liquidity, making it a compelling high-yield value opportunity. LADR's internally managed structure, low leverage, and significant insider ownership align management with shareholder interests, enhancing its appeal. LADR is well-positioned for growth with robust liquidity and plans to pivot toward higher-yielding direct lending, supported by a strong pipeline.
Ladder Capital: An 8% Yielding Piggy Bank
Ladder Capital delivered strong Q4 earnings, supported by a diversified commercial real estate portfolio and robust dividend coverage, trading at a discount to book value. Despite a 16% Y/Y drop in distributable earnings in Q4'24, Ladder Capital maintained its dividend and stable CECL reserves. With stable credit provisions and a dividend coverage ratio of 1.17X, shares of Ladder Capital remain attractive for dividend investors.
Ladder Capital: High Margin Of Dividend Safety
Ladder Capital's robust loan performance and healthy dividend coverage suggest potential for dividend growth in 2025, making it a top choice for passive income investors. Despite market stress, LADR avoided a dividend cut and maintained strong payout metrics, unlike peers such as Blackstone Mortgage Trust. The Company's book value is growing, and its current discount to book value is unjustified given its strong financial performance and improving provisions.
Ladder Capital Corp (LADR) Q4 2024 Earnings Conference Call Transcript
Ladder Capital Corp (NYSE:LADR ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Pamela McCormack - President Paul Miceli - Chief Financial Officer Brian Harris - Founder & Chief Executive Officer Conference Call Participants Jade Rahmani - KBW Tom Catherwood - BTIG Steve DeLaney - Citizens JMP Operator Good morning and welcome to Ladder Capital Corp's Earnings Call for the Fourth Quarter of 2024. As a reminder, today's call is being recorded.
