LADR Stock Analysis: Ladder Capital | NYSE
REIT - Mortgage | NYSE, USA | Market Cap: 1.123m USD | 12M Return: -7.8% | US5057431042 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.0M
EPS Trend: -96.6%
Qual. Beats: 0
Rev. Trend: -97.9%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Ladder Capital Corp (LADR) is an internally-managed real estate investment trust (REIT) headquartered in New York, founded in 2008. The company operates through three business segments: Loans, Securities, and Real Estate, all centered on commercial real estate financing and investment.
The Loans segment is the core operation, originating balance sheet loans for short-term commercial real estate acquisitions, conduit loans for commercial mortgage-backed securities (CMBS) securitizations, and structured finance products including mezzanine and subordinated debt. The Securities segment invests in CMBS, U.S. Agency securities, corporate bonds, equity securities, and U.S. Treasury securities. The Real Estate segment holds net leased properties, diversified real estate assets, and investments in unconsolidated ventures.
As a REIT, Ladder is required to distribute at least 90% of its taxable income to shareholders to maintain its pass-through tax treatment, a defining structural feature of the U.S. REIT framework. The company is classified within the Mortgage REITs sub-industry, a sector focused on commercial real estate debt and related securities rather than direct property equity ownership.
- Net interest margin compresses as Fed cuts short-term rates
- Commercial real estate loan originations decline amid office sector stress
- Dividend coverage pressured by book value decline and CRE loan losses
| Net Income: 52.2m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA -0.95 > 1.0 |
| NWC/Revenue: -200.2% < 20% (prev 359.5%; Δ -559.6% < -1%) |
| CFO/TA 0.02 > 3% & CFO 103.0m > Net Income 52.2m |
| Net Debt (3.97b) to EBITDA (195.0m): 20.35 < 3 |
| Current Ratio: 0.10 > 1.5 & < 3 |
| Outstanding Shares: last quarter (125.2m) vs 12m ago -0.76% < -2% |
| Gross Margin: 62.32% > 18% (prev 75.02%; Δ -12.70% > 0.5%) |
| Asset Turnover: 7.56% > 50% (prev 9.88%; Δ -2.33% > 0%) |
| Interest Coverage Ratio: 0.82 > 6 (EBIT TTM 160.9m / Interest Expense TTM 196.5m) |
| A: -0.14 (Total Current Assets 81.6m - Total Current Liabilities 842.8m) / Total Assets 5.61b |
| B: -0.05 (Retained Earnings -301.4m / Total Assets 5.61b) |
| C: 0.03 (EBIT TTM 160.9m / Avg Total Assets 5.03b) |
| D: 0.34 (Book Value of Equity 1.43b / Total Liabilities 4.18b) |
| Altman-Z'' = -0.49 = B |
| DSRI: 0.10 (Receivables 17.0m/1.54b, Revenue 380.3m/440.6m) |
| GMI: 1.20 (GM 75.02% / 62.32%) |
| AQI: 2.12 (AQ_t 0.98 / AQ_t-1 0.46) |
| SGI: 0.86 (Revenue 380.3m / 440.6m) |
| TATA: -0.01 (NI 52.2m - CFO 103.0m) / TA 5.61b) |
| Beneish M = -3.02 (Cap -4..+1) = AA |
As of October 11, 2026, the stock is trading at USD 8.77 with a total of 1,317,432 shares traded. Over the past week, the price has changed by +1.74%, over one month by -8.08%, over three months by -7.22% and over the past year by -7.83%.
Current recommended Stop Loss: 8.40 (which is 4.2% or 1.8 ATR below the current price).
Ladder Capital has received a consensus analysts rating of 4.43. Therefore, it is recommended to buy LADR.
- StrongBuy: 4
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 12 | 36.8% |
P/E Trailing = 20.5814
P/E Forward = 2.4492
P/S = 5.1616
P/B = 0.805
P/EG = 1.89
Revenue TTM = 380.3m USD
EBIT TTM = 160.9m USD
EBITDA TTM = 195.0m USD
Long Term Debt = 2.87b USD (from longTermDebt, last quarter)
Short Term Debt = 842.8m USD (from shortTermDebt, last quarter)
Debt = 4.01b USD (from shortLongTermDebtTotal, last quarter) + Leases 700k
Net Debt = 3.97b USD (calculated: Debt 4.01b - CCE 37.6m)
Enterprise Value = 5.09b USD (1.12b + Debt 4.01b - CCE 37.6m)
Interest Coverage Ratio = 0.82 (Ebit TTM 160.9m / Interest Expense TTM 196.5m)
EV/FCF = 49.43x (Enterprise Value 5.09b / FCF TTM 103.0m)
FCF Yield = 2.02% (FCF TTM 103.0m / Enterprise Value 5.09b)
FCF Margin = 27.08% (FCF TTM 103.0m / Revenue TTM 380.3m)
Net Margin = 13.74% (Net Income TTM 52.2m / Revenue TTM 380.3m)
Gross Margin = 62.32% ((Revenue TTM 380.3m - Cost of Revenue TTM 143.3m) / Revenue TTM)
Gross Margin QoQ = 28.88% (prev 70.75%)
Tobins Q-Ratio = 0.91 (Enterprise Value 5.09b / Total Assets 5.61b)
Interest Expense / Debt = 4.91% (Interest Expense 196.5m / Debt 4.01b)
Taxrate = 5.32% (2.93m / 55.1m)
NOPAT = 152.3m (EBIT 160.9m * (1 - 5.32%))
Current Ratio = 0.10 (Total Current Assets 81.6m / Total Current Liabilities 842.8m)
Debt / Equity = 2.80 (Debt 4.01b / totalStockholderEquity, last quarter 1.43b)
Debt / EBITDA = 20.35 (Net Debt 3.97b / EBITDA 195.0m)
Debt / FCF = 38.53 (Net Debt 3.97b / FCF TTM 103.0m)
Total Stockholder Equity = 1.46b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.04% (Net Income 52.2m / Total Assets 5.61b)
RoE = 3.57% (Net Income TTM 52.2m / Total Stockholder Equity 1.46b)
RoCE = 3.71% (EBIT 160.9m / Capital Employed (Equity 1.46b + L.T.Debt 2.87b))
RoIC = 2.73% (NOPAT 152.3m / Invested Capital 5.59b)
WACC = 5.20% (E(1.12b)/V(5.13b) * Re(7.20%) + D(4.01b)/V(5.13b) * Rd(4.91%) * (1-Tc(0.05)))
Discount Rate = 7.20% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 4.93 | Cagr: -0.10%
[DCF] Terminal Value 73.10% ; FCFF base≈111.5m ; Y1≈97.8m ; Y5≈79.0m
[DCF] Fair Price = N/A (negative equity: EV 1.27b - Net Debt 3.97b = -2.70b; debt exceeds intrinsic value)
EPS Correlation: -96.59 | EPS CAGR: -17.77% | SUE: 0.31 | # QB: 0
Revenue Correlation: -97.91 | Revenue CAGR: -13.94% | SUE: 0.28 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.31 | Chg30d=+6.80% | Revisions=-12% | Analysts=7
EPS current Year (2026-12-31): EPS=1.03 | Chg30d=+2.13% | Revisions=-10% | GrowthEPS=+22.4% | GrowthRev=+13.7%
EPS next Year (2027-12-31): EPS=1.12 | Chg30d=+0.00% | Revisions=-70% | GrowthEPS=+8.8% | GrowthRev=+2.6%
[Analyst] Revisions Ratio: -41% (up=5, down=14)