(LADR) Ladder Capital - NYSE
Sector: Real Estate | Industry: REIT - Mortgage | Exchange: NYSE (USA) | Market Cap: 1.306m USD | Total Return: 2.2% in 12m
Avg Turnover: 6.96M
EPS Trend: -93.3%
Qual. Beats: 0
Rev. Trend: -97.0%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Ladder Capital Corp (LADR) is an internally managed real estate investment trust (REIT) focused on commercial real estate finance. The company operates through three primary segments: Loans, Securities, and Real Estate. Its core business involves originating balance sheet and conduit loans, investing in commercial mortgage-backed securities (CMBS), and managing a portfolio of net leased properties.
As a mortgage REIT, Ladder Capital generates income primarily through the spread between the interest earned on its credit assets and the cost of its funding. Unlike equity REITs that focus on property appreciation, mortgage REITs function as specialty finance companies that provide liquidity to the real estate market. To maintain its REIT status, the company must distribute at least 90% of its taxable income to shareholders, effectively eliminating most federal corporate income taxes.
Consulting ValueRay can provide deeper insights into the companys valuation metrics and historical performance.
- Floating-rate loan portfolio sensitivity to Federal Reserve interest rate movements
- Commercial real estate transaction volume impacts conduit loan origination revenue
- Credit quality and delinquency rates within the balance sheet loan segment
- Net lease property occupancy levels drive stable recurring rental income cash flow
- Cost of capital and liquidity access for funding new investment opportunities
| Net Income: 55.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.89 > 1.0 |
| NWC/Revenue: -361.8% < 20% (prev 449.7%; Δ -811.6% < -1%) |
| CFO/TA 0.02 > 3% & CFO 107.8m > Net Income 55.0m |
| Net Debt (3.98b) to EBITDA (276.2m): 14.40 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (126.0m) vs 12m ago -0.21% < -2% |
| Gross Margin: 71.13% > 18% (prev 75.46%; Δ -4.33% > 0.5%) |
| Asset Turnover: 7.94% > 50% (prev 10.32%; Δ -2.37% > 0%) |
| Interest Coverage Ratio: 1.33 > 6 (EBIT TTM 241.8m / Interest Expense TTM 182.1m) |
| A: -0.26 (Total Current Assets 54.3m - Total Current Liabilities 1.50b) / Total Assets 5.61b |
| B: -0.05 (Retained Earnings -286.8m / Total Assets 5.61b) |
| C: 0.05 (EBIT TTM 241.8m / Avg Total Assets 5.04b) |
| D: 0.35 (Book Value of Equity 1.45b / Total Liabilities 4.16b) |
| Altman-Z'' = -1.17 = CCC |
As of June 13, 2026, the stock is trading at USD 10.10 with a total of 673,266 shares traded.
Over the past week, the price has changed by -0.98%,
over one month by +0.70%,
over three months by +3.21% and
over the past year by +2.24%.
Ladder Capital has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy LADR.
- StrongBuy: 3
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 12.3 | 22% |
P/E Trailing = 23.25
P/E Forward = 2.4492
P/S = 6.0392
P/B = 0.8972
P/EG = 1.89
Revenue TTM = 400.3m USD
EBIT TTM = 241.8m USD
EBITDA TTM = 276.2m USD
Long Term Debt = 2.60b USD (from longTermDebt, last quarter)
Short Term Debt = 1.43b USD (from shortTermDebt, last quarter)
Debt = 4.03b USD (from shortLongTermDebtTotal, last quarter) + Leases 700k
Net Debt = 3.98b USD (calculated: Debt 4.03b - CCE 51.6m)
Enterprise Value = 5.28b USD (1.31b + Debt 4.03b - CCE 51.6m)
Interest Coverage Ratio = 1.33 (Ebit TTM 241.8m / Interest Expense TTM 182.1m)
EV/FCF = 49.02x (Enterprise Value 5.28b / FCF TTM 107.8m)
FCF Yield = 2.04% (FCF TTM 107.8m / Enterprise Value 5.28b)
FCF Margin = 26.92% (FCF TTM 107.8m / Revenue TTM 400.3m)
Net Margin = 13.74% (Net Income TTM 55.0m / Revenue TTM 400.3m)
Gross Margin = 71.13% ((Revenue TTM 400.3m - Cost of Revenue TTM 115.6m) / Revenue TTM)
Gross Margin QoQ = 70.75% (prev 70.87%)
Tobins Q-Ratio = 0.94 (Enterprise Value 5.28b / Total Assets 5.61b)
Interest Expense / Debt = 4.52% (Interest Expense 182.1m / Debt 4.03b)
Taxrate = 8.21% (4.90m / 59.6m)
NOPAT = 221.9m (EBIT 241.8m * (1 - 8.21%))
Current Ratio = 0.04 (Total Current Assets 54.3m / Total Current Liabilities 1.50b)
Debt / Equity = 2.78 (Debt 4.03b / totalStockholderEquity, last quarter 1.45b)
Debt / EBITDA = 14.40 (Net Debt 3.98b / EBITDA 276.2m)
Debt / FCF = 36.90 (Net Debt 3.98b / FCF TTM 107.8m)
Total Stockholder Equity = 1.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.09% (Net Income 55.0m / Total Assets 5.61b)
RoE = 3.71% (Net Income TTM 55.0m / Total Stockholder Equity 1.48b)
RoCE = 5.92% (EBIT 241.8m / Capital Employed (Equity 1.48b + L.T.Debt 2.60b))
RoIC = 4.03% (NOPAT 221.9m / Invested Capital 5.51b)
WACC = 4.98% (E(1.31b)/V(5.33b) * Re(7.56%) + D(4.03b)/V(5.33b) * Rd(4.52%) * (1-Tc(0.08)))
Discount Rate = 7.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 55.56 | Cagr: 0.33%
[DCF] Terminal Value 73.25% ; FCFF base≈114.9m ; Y1≈101.5m ; Y5≈83.4m
[DCF] Fair Price = N/A (negative equity: EV 1.34b - Net Debt 3.98b = -2.64b; debt exceeds intrinsic value)
EPS Correlation: -93.29 | EPS CAGR: -16.12% | SUE: -0.65 | # QB: 0
Revenue Correlation: -96.96 | Revenue CAGR: -13.22% | SUE: 0.64 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.24 | Chg30d=-3.44% | Revisions=-43% | Analysts=7
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=-3.19% | Revisions=-33% | Analysts=7
EPS current Year (2026-12-31): EPS=1.01 | Chg30d=-3.00% | Revisions=-43% | GrowthEPS=+19.9% | GrowthRev=+8.1%
EPS next Year (2027-12-31): EPS=1.19 | Chg30d=-1.90% | Revisions=+0% | GrowthEPS=+18.4% | GrowthRev=+18.4%
[Analyst] Revisions Ratio: -43%