Ladder Capital Corp. (LADR)
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.
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.
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.
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.
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.
Ladder Capital: 7.5% Yield And 135% Dividend Coverage
Tech stocks' growth may be peaking, dividend stocks are finally having their time in the sun. Ladder Capital offers a 7.5% yield, 135% dividend coverage, and trades at a 10% discount to undepreciated book value. With $1.2 billion in cash and equivalents and a lower leverage profile than peers, LADR is well-positioned for future opportunities.
Ladder Capital: Quality Has Its Price
Ladder Capital Corporation covered its dividend with distributable earnings in Q2 and maintained stable book value YoY. Ladder Capital's 8% yield offers passive income investors a high margin of safety, implying sustainable dividends. Market recognizes Ladder Capital's robust portfolio quality with only a 2% discount to book value.
The High Yield Club: 2 Of My Favorites
High-yield investor focusing on dividend quality. Two favorite high-yield stocks: Ladder Capital and Altria Group. Ladder is a commercial mortgage REIT that yields 7.9%.
Ladder Capital: Sustainable 8% Yield And Upside
Ladder Capital delivered solid results for Q2 last week, maintained healthy dividend coverage and stood out positively after a rival CRE REIT cut its dividend down by 24%. Ladder Capital has a solid CRE loan portfolio with investments in various real estate sectors. Despite an increase in the CECL reserve, Ladder Capital's dividend appears to be sustainable.
Ladder Capital: Continuing To Lean Out And Deleverage, Big Income
Ladder Capital Corp is a commercial mREIT with internally managed assets of $5.0 billion, offering a stable income with a secure 7.5% yield. The company invests in a diverse portfolio of commercial real estate, focusing on senior secured assets and net leased properties with investment-grade tenants. Ladder has emerged as a leaner company with improved leverage, stable returns, and strong quarterly performance, positioning it well for an orderly rate-cutting cycle in H2 2024.
Compared to Estimates, Ladder Capital (LADR) Q2 Earnings: A Look at Key Metrics
Although the revenue and EPS for Ladder Capital (LADR) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Ladder Capital (LADR) Q2 Earnings and Revenues Top Estimates
Ladder Capital (LADR) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.33 per share a year ago.
