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Ladder Capital Corp Class A

Real Estate US LADR

10.31USD
0.06(0.59%)

Last update at 2024-04-18T20:10:00Z

Day Range

10.2610.39
LowHigh

52 Week Range

8.1811.95
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 170.21M 57.82M -19.24700M 139.65M 228.32M
Minority interest -23.08800M -0.37100M 4.99M 14.36M 41.66M
Net income 142.22M 56.52M -9.45800M 122.64M 180.01M
Selling general administrative 75.84M 38.35M 58.10M 67.77M 60.12M
Selling and marketing expenses - - - - -
Gross profit 301.06M 141.35M 121.02M 293.43M 399.39M
Reconciled depreciation 32.67M 37.80M 36.84M 37.15M 40.22M
Ebit 340.92M 57.45M -24.23400M 125.29M 379.21M
Ebitda 373.60M 95.25M 12.61M 163.80M 421.17M
Depreciation and amortization 32.67M 37.80M 36.84M 38.51M 41.96M
Non operating income net other 251.07M 181.75M 139.96M 174.65M 250.32M
Operating income 340.92M 57.45M -24.23400M 125.29M 380.95M
Other operating expenses 175.06M -110.06000M 29.52M 44.45M 60.12M
Interest expense 195.60M 182.95M 227.47M 204.35M 194.29M
Tax provision 4.91M 0.93M -9.78900M 2.65M 6.64M
Interest income 293.52M 176.10M 239.85M 330.24M 344.82M
Net interest income 97.92M -6.85000M 12.38M 125.88M 150.53M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense 4.91M 0.93M -9.78900M 2.65M 6.64M
Total revenue 339.66M 167.51M 121.02M 293.43M 399.39M
Total operating expenses 38.60M -110.06000M 29.52M 44.45M 60.12M
Cost of revenue 38.60M 26.16M - 204.35M 194.29M
Total other income expense net -170.70900M 0.37M 4.99M 14.36M 228.32M
Discontinued operations - - - - -
Net income from continuing ops 165.31M 56.89M -9.45800M 137.00M 221.68M
Net income applicable to common shares 142.22M 56.52M -14.44500M 122.64M 180.01M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 5951.17M 5851.25M 5881.23M 6669.15M 6272.87M
Intangible assets 114.69M 142.34M 157.18M 161.20M 162.00M
Earning assets - - - - -
Other current assets 77.92M -680.12600M -2327.56357M -1721.54900M -1410.12600M
Total liab 4417.61M 4228.75M 4332.80M 5030.18M 4629.24M
Total stockholder equity 1533.35M 1507.14M 1543.16M 1458.28M 1445.15M
Deferred long term liab 5.00M 2.90M 5.80M 8.00M 6.30M
Other current liab 34.40M 27.59M -266.43000M -0.22300M 372.27M
Common stock 0.13M 0.13M 0.13M 0.12M 0.12M
Capital stock 0.13M 0.13M 0.13M 0.12M 0.12M
Retained earnings -177.00500M -207.80200M -163.71700M -35.74600M 11.34M
Other liab 55.69M 50.09M 49.35M 56.58M 54.65M
Good will - - - - -
Other assets 4610.80M 3715.71M 3114.52M 2937.43M -28.01400M
Cash 609.08M 548.74M 1254.43M 58.17M 67.88M
Cash and equivalents - - - - -
Total current liabilities 100.23M 3765.78M 266.43M 0.22M 1.30M
Current deferred revenue - - - - -
Net debt 3636.62M 3670.96M 2135.89M 4801.70M 3721.01M
Short term debt - 3765.78M 266.43M 0.00000M 0.00000M
Short long term debt 0.00000M 0.00000M 266.43M 0.00000M 0.00000M
Short long term debt total 4245.70M 4219.70M 3390.33M 4859.87M 3788.89M
Other stockholder equity 1731.23M 1718.92M 1717.21M 1489.68M 1438.34M
Property plant equipment 700.14M 865.69M 985.30M 1048.08M 998.02M
Total current assets 640.24M 1265.67M 1503.68M 1800.79M 28.01M
Long term investments 593.74M 726.43M 46.55M 49.13M 40.35M
Net tangible assets 1533.35M 1507.14M 1543.16M 1458.28M 1445.15M
Short term investments 379.80M 703.28M 232.66M 1721.31M 1410.13M
Net receivables 24.94M 13.64M 16.59M 21.31M 27.21M
Long term debt 4245.70M 4219.70M 3122.60M 3043.94M 4453.55M
Inventory - - - - -
Accounts payable 100.23M 67.84M 71.41M 0.22M 1.30M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 0.21M 6.48M 5.26M 180.70M 198.48M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income -21.00900M -4.11200M -10.46300M 4.22M -4.64900M
Additional paid in capital - - - - -
Common stock total equity 0.13M 0.13M 0.13M 0.12M 0.12M
Preferred stock total equity - - - - -
Retained earnings total equity -177.00500M -207.80200M -163.71700M -35.74600M 11.34M
Treasury stock - -76.32400M -62.85900M -42.69900M -32.81500M
Accumulated amortization - - - - -
Non currrent assets other -8.28900M -869.86900M -1263.02700M -1930.94100M 4660.39M
Deferred long term asset charges - - - - -
Non current assets total 700.14M 869.87M 1263.03M 1930.94M 6272.87M
Capital lease obligations - 1.00M 1.30M - -
Long term debt total - - - 4859.87M 4453.55M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments 1098.21M 1227.71M 1065.28M 2098.87M 1413.57M
Change to liabilities 36.96M -5.01500M -33.36300M -13.19200M 20.44M
Total cashflows from investing activities 81.59M -651.46000M 1542.27M -126.58700M -342.86500M
Net borrowings -8.31100M -3.22100M -18.02100M -6.91000M -3.50900M
Total cash from financing activities -150.24400M -91.01700M -725.67000M 200.68M 58.20M
Change to operating activities 41.38M 0.74M -42.14100M -11.69000M 23.80M
Net income 165.31M 56.89M -9.45800M 137.00M 221.68M
Change in cash 38.06M -662.73800M 928.54M 257.30M -84.23300M
Begin period cash flow 621.55M 1284.28M 355.75M 98.45M 182.68M
End period cash flow 659.60M 621.55M 1284.28M 355.75M 98.45M
Total cash from operating activities 106.71M 79.74M 111.94M 183.21M 200.43M
Issuance of capital stock 0.00000M 0.00100M 32.00M 0.00000M 99.01M
Depreciation 30.91M 35.91M 36.84M 37.15M 40.22M
Other cashflows from investing activities -1009.67100M -1874.30000M 483.09M -2217.86200M -1748.65500M
Dividends paid -107.01100M -100.55300M -118.88800M -144.53000M 122.77M
Change to inventory - - - - -
Change to account receivables -11.29400M 0.65M 4.89M 5.56M -1.33900M
Sale purchase of stock -7.91600M -9.00800M -3.03500M -0.63700M 5806.91M
Other cashflows from financing activities 2375.39M 4512.11M 9978.81M -34.13400M -43.34500M
Change to netincome -118.48000M -10.21700M 104.51M 52.07M -98.21600M
Capital expenditures 6.95M 4.87M 6.10M 7.59M 7.78M
Change receivables -11.29400M 0.65M 4.89M 5.56M -1.33900M
Cash flows other operating -10.69700M -19.02400M -9.42700M -44.59200M 4.65M
Exchange rate changes - - - - -
Cash and cash equivalents changes 38.06M -662.73800M 928.54M 257.30M -84.23300M
Change in working capital 30.09M 1.39M -37.24600M -6.13400M 22.47M
Stock based compensation 31.58M 15.30M 42.73M 21.78M 8.83M
Other non cash items -150.67400M -30.03000M 78.98M -11.40300M -85.23500M
Free cash flow 106.71M 79.74M 111.94M 175.62M 192.65M

Fundamentals

  • Previous Close 10.25
  • Market Cap1498.83M
  • Volume468924
  • P/E Ratio10.45
  • Dividend Yield7.79%
  • Revenue TTM316.10M
  • Revenue Per Share TTM2.54
  • Gross Profit TTM 278.04M
  • Diluted EPS TTM1.13

Peer Comparison

Sector: Real Estate Industry: REIT - Mortgage

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x)
LADR
Ladder Capital Corp Class A
0.06 0.59% 10.31 10.45 9.83 4.69 0.96
NLY
Annaly Capital Management Inc
0.11 0.62% 17.99 - 6.90 2.27 1.11
STWD
Starwood Property Trust Inc
0.13 0.68% 19.14 17.02 10.42 18.79 1.07
AGNC
AGNC Investment Corp
0.02 0.22% 9.06 21.10 4.46 16.99 1.14
RITM
Rithm Capital Corp.
0.13 1.24% 10.65 7.61 6.66 2.39 0.89

Reports Covered

Stock Research & News

Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. 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. The company was founded in 2008 and is headquartered in New York, New York.

Ladder Capital Corp Class A

345 Park Avenue, New York, NY, United States, 10154

Key Executives

Name Title Year Born
Mr. Brian Richard Harris Founder, CEO & Director 1960
Ms. Pamela Lynn McCormack Co-Founder, Pres & Director 1971
Mr. Robert M. Perelman Co-Founder & Head of Asset Management 1962
Mr. Paul J. Miceli Chief Financial Officer 1980
Ms. Kelly Amanda Porcella Chief Admin. Officer, Gen. Counsel, Sec. & Head of ESG 1982
Mr. Anthony V. Esposito CAO & Principal Accounting Officer 1979
Ms. Michelle Wallach Chief Compliance Officer, Sr. Regulatory Counsel NA
Mr. Lee Warshaw Managing Director NA
Mr. Marc Waldman Managing Director NA
Mr. Adam Siper Head of Origination NA

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