Ladder Capital (NYSE:LADR) Releases Earnings Results, Misses Expectations By $0.08 EPS

Ladder Capital (NYSE:LADR) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.08), FiscalAI reports. The company had revenue of $50.47 million for the quarter, compared to the consensus estimate of $61.00 million. Ladder Capital had a return on equity of 6.70% and a net margin of 19.26%.During the same period in the prior year, the business earned $0.27 earnings per share.

Here are the key takeaways from Ladder Capital’s conference call:

• Ladder became the only investment-grade rated commercial mortgage REIT (Moody’s Baa3, Fitch BBB-; S&P BB+), issued $500M of senior unsecured notes that tightened materially in the secondary market, and secured $400M of accordion commitments, supporting an unsecured funding base and $608M of liquidity.
• Origination momentum accelerated — $1.4B of new loans in 2025 (Q4 ~$433M), over $250M closed in January 2026 and more than $450M under application, with management prioritizing loan growth and targeting a materially larger loan book (management cited a potential >$6B level by year-end).
• Securities book is high-quality and liquid — $2.1B in securities (99% investment grade, ~97% AAA) with ~$1.4B unencumbered, which management plans to redeploy into higher-yield loan originations to drive earnings.
• Credit issues remain — four nonaccrual loans totaling $129.7M (2.5% of assets), a $5M realized loan loss in Q4 (previously reserved), and a CECL reserve of $47M; management says losses were modest but viewed as unacceptable and continue to monitor credit risk.
• Financial and shareholder metrics — Q4 distributable earnings $21.4M ($0.17) or $26.4M ($0.21) adjusted; FY distributable earnings $109.9M (7.1% ROE); Q4 dividend $0.23 (96% coverage excluding the write-off); $10.2M of share repurchases in 2025 with $90.6M remaining authorization.

Ladder Capital Stock Down 6.6%

Shares of Ladder Capital stock traded down $0.73 during midday trading on Thursday, reaching $10.34. 1,699,588 shares of the company’s stock traded hands, compared to its average volume of 729,539. The company has a debt-to-equity ratio of 2.01, a quick ratio of 35.60 and a current ratio of 35.60. Ladder Capital has a 52 week low of $9.68 and a 52 week high of $11.92. The company’s 50 day simple moving average is $11.11 and its 200 day simple moving average is $11.06. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 7.14 and a beta of 1.01.

Ladder Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.23 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 8.9%. Ladder Capital’s dividend payout ratio (DPR) is currently 146.03%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in LADR. Nebula Research & Development LLC lifted its holdings in Ladder Capital by 3.1% in the 2nd quarter. Nebula Research & Development LLC now owns 33,835 shares of the real estate investment trust’s stock worth $364,000 after purchasing an additional 1,008 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Ladder Capital by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 60,836 shares of the real estate investment trust’s stock valued at $654,000 after purchasing an additional 1,416 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Ladder Capital by 0.9% in the third quarter. Alliancebernstein L.P. now owns 162,607 shares of the real estate investment trust’s stock worth $1,774,000 after buying an additional 1,498 shares during the last quarter. Swiss National Bank boosted its holdings in shares of Ladder Capital by 1.8% during the 3rd quarter. Swiss National Bank now owns 222,407 shares of the real estate investment trust’s stock worth $2,426,000 after buying an additional 3,900 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Ladder Capital by 89.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,425 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 4,910 shares during the last quarter. Institutional investors and hedge funds own 62.25% of the company’s stock.

Wall Street Analyst Weigh In

LADR has been the topic of several research analyst reports. Capital One Financial set a $13.00 price objective on shares of Ladder Capital in a research report on Wednesday, January 21st. HSBC set a $13.00 target price on Ladder Capital in a research note on Wednesday, January 21st. B. Riley initiated coverage on shares of Ladder Capital in a research report on Monday, January 5th. They issued a “buy” rating and a $13.00 price target for the company. BTIG Research restated a “buy” rating and set a $13.50 price target on shares of Ladder Capital in a report on Monday. Finally, Susquehanna set a $13.00 price objective on shares of Ladder Capital in a research note on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $12.92.

Ladder Capital Company Profile

Ladder Capital Corp (NYSE: LADR) is a publicly traded commercial real estate finance company structured as a real estate investment trust. The firm specializes in originating, acquiring and managing a diversified portfolio of commercial mortgage loans, subordinate financings such as mezzanine loans and B-notes, and equity investments. In addition to direct lending activities, Ladder Capital invests in and manages commercial mortgage‐backed securities (CMBS) and commercial real estate collateralized loan obligations (CRE CLOs), providing financing across a range of property types including office, retail, multifamily, industrial and hospitality assets.

Since its inception in 2008, Ladder Capital has developed a platform that supports both balance-sheet lending and structured securitization.