Ladder CapitalNYSE: LADR

NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder,” the “Company,” “we” or “our”) (NYSE: LADR) announced today that its subsidiaries, Ladder Capital Finance Holdings LLLP (the “Issuer”) and Ladder Capital Finance Corporation (the “Co-Issuer” and collectively with the Issuer, the “Issuers”), have priced a private offering of $500 million in aggregate principal amount of 7.000% Senior Notes due 2031 (the “Notes”). The sale of the Notes is expected to be completed on or about July 5, 2024, s.

NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the declaration by its board of directors of a second quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on July 15, 2024 to stockholders of record as of the close of business on June 28, 2024. About Ladder Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.3 billion of assets as of March 31, 2024. Our inves.

Ladder Capital Corp provides a strong value proposition for investors seeking passive income, with a diversified commercial real estate loan portfolio and reliable dividend coverage. The trust's 8.4% yield is supported by distributable earnings, and it has reduced credit provisions for two quarters in a row. Compared to similar companies, Ladder Capital has limited exposure to the U.S. office market, making it an attractive choice for investors.

While the revenue and EPS figures for Ladder Capital (LADR) offer insight into its performance in the first quarter of 2024, it could be beneficial to also analyze how certain important metrics stack up against both Wall Street predictions and the figures from the same period last year.

Ladder Capital is a commercial mREIT with a stable and secure yield of 8.3% in the real estate investment trust (REIT) space. The company specializes in underwriting commercial real estate and offers capital through senior secured assets and first mortgage loans. Ladder Capital has a rock-solid balance sheet, significant liquidity, and improved dividend coverage, with brighter days expected in 2024 and beyond.

Ladder Capital's shares went into a new up-leg after Q4'23 results were submitted. Concerns have been raised about the REIT's loan book and deteriorating provision trend. However, overall risks appear relatively low as the CECL reserve represents only 1.4% of CRE loan investments. LADR's dividend is well-supported, with a FY 2023 distribution coverage ratio of 1.46X.

Ladder Capital is a well-managed commercial mortgage real estate investment trust with strong dividend coverage and earnings fundamentals. Despite concerns about the commercial real estate market, Ladder Capital's 4Q-23 results were solid, with robust growth in net interest income. The potential delay in rate cuts by the central bank may limit Ladder Capital's origination prospects in the short term, but its dividend coverage metrics improved.

Although the revenue and EPS for Ladder Capital (LADR) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Ladder Capital (LADR) came out with quarterly earnings of $0.32 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.31 per share a year ago.