(LADR) Ladder Capital - Overview
Stock: Loans, Securities, Real Estate
| Risk 5d forecast | |
|---|---|
| Volatility | 31.5% |
| Relative Tail Risk | -0.78% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.23 |
| Alpha | -13.79 |
| Character TTM | |
|---|---|
| Beta | 0.578 |
| Beta Downside | 0.653 |
| Drawdowns 3y | |
|---|---|
| Max DD | 22.88% |
| CAGR/Max DD | 0.26 |
Description: LADR Ladder Capital January 16, 2026
Ladder Capital Corp (NYSE:LADR) is an internally-managed REIT that generates earnings from three core segments: (1) **Loans** – originating and holding first-mortgage loans secured by cash-flowing commercial real-estate (CRE) and balance-sheet loans tied to properties in transition (lease-up, renovation, or repositioning); (2) **Securities** – investing in commercial mortgage-backed securities (CMBS), U.S. Treasury and agency bonds, corporate debt, and equity positions; and (3) **Real Estate** – owning and leasing a portfolio of commercial properties. As a REIT, LADR must distribute at least 90 % of its taxable income to avoid corporate tax.
Key performance indicators as of the most recent filing (Q4 2023) include a **dividend yield of roughly 7.5 %**, a **weighted-average loan-to-value (LTV) of 65 %**, and **net asset value (NAV) per share of $12.30**, reflecting a modest premium to its market price. The loan portfolio is concentrated in multifamily and mixed-use assets, with a **delinquency rate of 2.1 %**, well below the industry average of ~3 %.
The REIT’s outlook is tightly linked to macro-economic drivers: (i) **Federal Reserve policy** – higher short-term rates increase borrowing costs but also boost the spread on LADR’s floating-rate loan assets; (ii) **CRE market health** – office vacancy rates and retail foot traffic influence the credit quality of new loan originations; and (iii) **Supply-demand dynamics in multifamily housing**, which currently supports loan growth as rental demand remains resilient despite broader economic uncertainty.
For a deeper quantitative breakdown, you might explore ValueRay’s platform.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 48.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.87 > 1.0 |
| NWC/Revenue: -137.3% < 20% (prev 807.8%; Δ -945.1% < -1%) |
| CFO/TA 0.01 > 3% & CFO 41.7m > Net Income 48.3m |
| Net Debt (3.01b) to EBITDA (225.2m): 13.37 < 3 |
| Current Ratio: 0.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (126.2m) vs 12m ago 0.25% < -2% |
| Gross Margin: 80.08% > 18% (prev 0.76%; Δ 7932 % > 0.5%) |
| Asset Turnover: 6.11% > 50% (prev 7.01%; Δ -0.90% > 0%) |
| Interest Coverage Ratio: 1.50 > 6 (EBITDA TTM 225.2m / Interest Expense TTM 129.2m) |
Altman Z'' -0.46
| A: -0.09 (Total Current Assets 63.9m - Total Current Liabilities 463.7m) / Total Assets 4.69b |
| B: -0.05 (Retained Earnings -246.7m / Total Assets 4.69b) |
| C: 0.04 (EBIT TTM 193.2m / Avg Total Assets 4.77b) |
| D: 0.0 (Book Value of Equity 0.0 / Total Liabilities 3.19b) |
| Altman-Z'' Score: -0.46 = B |
What is the price of LADR shares?
Over the past week, the price has changed by -4.61%, over one month by -3.92%, over three months by +1.12% and over the past year by -2.55%.
Is LADR a buy, sell or hold?
- StrongBuy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the LADR price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 12.5 | 18.5% |
| Analysts Target Price | 12.5 | 18.5% |
| ValueRay Target Price | 11.9 | 12.8% |
LADR Fundamental Data Overview February 12, 2026
P/E Forward = 9.8328
P/S = 6.0711
P/B = 0.8872
P/EG = 1.89
Revenue TTM = 291.2m USD
EBIT TTM = 193.2m USD
EBITDA TTM = 225.2m USD
Long Term Debt = 2.62b USD (from longTermDebt, two quarters ago)
Short Term Debt = 376.9m USD (from shortTermDebt, two quarters ago)
Debt = 3.01b USD (from shortLongTermDebtTotal, two quarters ago)
Net Debt = 3.01b USD (using Total Debt 3.01b, CCE unavailable)
Enterprise Value = 4.32b USD (1.31b + Debt 3.01b - (null CCE))
Interest Coverage Ratio = 1.50 (Ebit TTM 193.2m / Interest Expense TTM 129.2m)
EV/FCF = 100.1x (Enterprise Value 4.32b / FCF TTM 43.2m)
FCF Yield = 1.00% (FCF TTM 43.2m / Enterprise Value 4.32b)
FCF Margin = 14.82% (FCF TTM 43.2m / Revenue TTM 291.2m)
Net Margin = 16.59% (Net Income TTM 48.3m / Revenue TTM 291.2m)
Gross Margin = 80.08% ((Revenue TTM 291.2m - Cost of Revenue TTM 58.0m) / Revenue TTM)
Gross Margin QoQ = none% (prev 79.56%)
Tobins Q-Ratio = 0.92 (Enterprise Value 4.32b / Total Assets 4.69b)
Interest Expense / Debt = 1.46% (Interest Expense 44.0m / Debt 3.01b)
Taxrate = 5.20% (3.49m / 67.2m)
NOPAT = 183.2m (EBIT 193.2m * (1 - 5.20%))
Current Ratio = 0.14 (Total Current Assets 63.9m / Total Current Liabilities 463.7m)
Debt / Equity = 2.01 (Debt 3.01b / totalStockholderEquity, two quarters ago 1.50b)
Debt / EBITDA = 13.37 (Net Debt 3.01b / EBITDA 225.2m)
Debt / FCF = 69.78 (Net Debt 3.01b / FCF TTM 43.2m)
Total Stockholder Equity = 1.51b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.01% (Net Income 48.3m / Total Assets 4.69b)
RoE = 3.19% (Net Income TTM 48.3m / Total Stockholder Equity 1.51b)
RoCE = 4.68% (EBIT 193.2m / Capital Employed (Equity 1.51b + L.T.Debt 2.62b))
RoIC = 4.47% (NOPAT 183.2m / Invested Capital 4.09b)
WACC = 3.40% (E(1.31b)/V(4.32b) * Re(8.04%) + D(3.01b)/V(4.32b) * Rd(1.46%) * (1-Tc(0.05)))
Discount Rate = 8.04% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.44%
[DCF Debug] Terminal Value 88.43% ; FCFF base≈80.0m ; Y1≈98.7m ; Y5≈168.1m
Fair Price DCF = 14.80 (EV 4.90b - Net Debt 3.01b = Equity 1.88b / Shares 127.2m; r=5.90% [WACC]; 5y FCF grow 25.0% → 2.90% )
EPS Correlation: -60.82 | EPS CAGR: -9.77% | SUE: -3.81 | # QB: 0
Revenue Correlation: 11.52 | Revenue CAGR: 10.45% | SUE: 0.47 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.24 | Chg30d=-0.027 | Revisions Net=-1 | Analysts=5
EPS current Year (2026-12-31): EPS=1.07 | Chg30d=-0.028 | Revisions Net=+1 | Growth EPS=+27.1% | Growth Revenue=+10.2%
EPS next Year (2027-12-31): EPS=1.25 | Chg30d=-0.017 | Revisions Net=+0 | Growth EPS=+16.8% | Growth Revenue=+18.2%