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.
Ladder Capital: The Dividend Should Be Safe In 2024, Buy The Drop (Rating Upgrade)
Ladder Capital's stock is trading at a higher discount to book value after Starwood tightened redemption restrictions for its non-traded REIT, SREIT, last week. Ladder Capital is performing well and has only 16% exposure to the office market. Ladder Capital's key strength is its well-supported dividend.
