Ladder Capital Q2 Distributable EPS Rises to $0.24 on Loan Growth
LADR is trading near its 52-week low of $9.61 (0.1% below the low).
Summary
Ladder Capital posted Q2 distributable earnings of $0.24 per share, up from $0.22 in Q1, driven by loan portfolio growth. GAAP diluted EPS was $0.12, with net interest income of $22.59 million. The results follow a strong Q1 that saw reduced non-accrual loans and a $100 million buyback authorization. Book value remained stable, and the company highlighted gains across its real estate operations and securities investments. With shares trading near a 52-week low of $9.61, the earnings improvement and loan growth may ease concerns about commercial real estate exposure. No forward guidance was provided.
At the time of this announcement, LADR was trading at $9.60 on NYSE in the Finance sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $9.61 to $11.92. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.