Ladder Capital (LADR) News & Sentiment

Ladder Capital delivered strong Q4 earnings, supported by a diversified commercial real estate portfolio and robust dividend coverage, trading at a discount to book value. Despite a 16% Y/Y drop in distributable earnings in Q4'24, Ladder Capital maintained its dividend and stable CECL reserves. With stable credit provisions and a dividend coverage ratio of 1.17X, shares of Ladder Capital remain attractive for dividend investors.

Ladder Capital's robust loan performance and healthy dividend coverage suggest potential for dividend growth in 2025, making it a top choice for passive income investors. Despite market stress, LADR avoided a dividend cut and maintained strong payout metrics, unlike peers such as Blackstone Mortgage Trust. The Company's book value is growing, and its current discount to book value is unjustified given its strong financial performance and improving provisions.

Ladder Capital (LADR) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.32 per share a year ago.

Ladder Capital Corp (NYSE:LADR ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Pamela McCormack - President Paul Miceli - Chief Financial Officer Brian Harris - Founder & Chief Executive Officer Conference Call Participants Jade Rahmani - KBW Tom Catherwood - BTIG Steve DeLaney - Citizens JMP Operator Good morning and welcome to Ladder Capital Corp's Earnings Call for the Fourth Quarter of 2024. As a reminder, today's call is being recorded.

NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2024 Class A common stock dividend payments. For the tax year ended December 31, 2024, the tax treatment of distributions paid in respect of Class A common stock is as follows: Record Date Payable Date Distribution per Share Ordinary Dividends Qualified Dividends (1) Capital Gain Unrecapt. 1250 Gain (2) Return of Capital Sec. 199A Dividends (3)   Form 1099   Reference.

NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder,” the “Company,” “we” or “our”) (NYSE: LADR), a leading diversified commercial real estate finance platform, recently closed and subsequently upsized a revolving credit facility (the “Credit Facility”) with commitments of $850 million. The Credit Facility has an “accordion” feature under which the Company may further increase the total borrowing availability to up to $1.25 billion. The Credit Facility replaced Ladder's prior $324 million r.

Ladder Capital offers a robust 7.8% dividend yield, well-covered by cash flows, making it an attractive high-income stock in a frothy market. LADR's diversified $5.5 billion portfolio, low leverage, and substantial insider ownership align management and shareholder interests. With $1.9 billion in liquidity, LADR is well-positioned for growth, focusing on high-quality assets and transitioning to new income sources.

Ladder Capital is a reliable choice for passive income, offering stable dividends with a solid loan portfolio and a consistent quarterly dividend. Despite a challenging market, Ladder Capital's loan provisions decreased significantly in the third quarter, improving net interest income by 13% year-over-year and indicating a strong loan quality profile. The stock trades at a 6% discount to BV and offers an 8% yield, with a conservative dividend payout ratio of 77%, providing a substantial margin of safety for investors.

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.