LADR Stock Analysis: Ladder Capital | NYSE
REIT - Mortgage | NYSE, USA | Market Cap: 1.238m USD | 12M Return: -3.9% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 10.2M
EPS Trend: -93.3%
Qual. Beats: 0
Rev. Trend: -97.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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 (NYSE: LADR) is an internally-managed U.S. real estate investment trust (REIT) founded in 2008 and headquartered in New York. The company operates through three business segments: Loans, Securities, and Real Estate. Its Loans segment originates balance sheet and conduit mortgage loans, as well as structured finance products such as mezzanine debt and subordinated debt, primarily supporting commercial real estate transactions. 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 and other diversified properties and maintains investments in unconsolidated ventures.
As a REIT, Ladder Capital is generally exempt from federal corporate income tax provided it distributes at least 90% of its taxable income to shareholders, a structural requirement common to all U.S. REITs. Within the GICS classification system, Ladder falls under Mortgage REITs, a sub-industry that primarily generates income from real estate debt and related securities rather than direct property ownership, distinguishing it from equity REITs that focus on owning and operating properties.
- Fed rate cuts compress loan spreads and NIM
- Conduit loan origination volume rises on CMBS market recovery
- Commercial real estate credit losses weigh on provisions
| 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 |
| DSRI: 0.10 (Receivables 17.8m/1.61b, Revenue 400.3m/461.1m) |
| GMI: 1.06 (GM 75.46% / 71.13%) |
| AQI: 2.71 (AQ_t 0.99 / AQ_t-1 0.37) |
| SGI: 0.87 (Revenue 400.3m / 461.1m) |
| TATA: -0.01 (NI 55.0m - CFO 107.8m) / TA 5.61b) |
| Beneish M = -2.79 (Cap -4..+1) = A |
As of July 13, 2026, the stock is trading at USD 9.85 with a total of 619,195 shares traded. Over the past week, the price has changed by -1.60%, over one month by -0.52%, over three months by -1.30% and over the past year by -3.92%.
Current recommended Stop Loss: 9.50 (which is 3.6% or 1.8 ATR below the current price).
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 | 25.1% |
P/E Trailing = 22.5581
P/E Forward = 2.4492
P/S = 5.7263
P/B = 0.8831
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 = 5.22b USD (1.24b + Debt 4.03b - CCE 51.6m)
Interest Coverage Ratio = 1.33 (Ebit TTM 241.8m / Interest Expense TTM 182.1m)
EV/FCF = 48.40x (Enterprise Value 5.22b / FCF TTM 107.8m)
FCF Yield = 2.07% (FCF TTM 107.8m / Enterprise Value 5.22b)
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 = 0.93 (Enterprise Value 5.22b / 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 = 4.96% (E(1.24b)/V(5.27b) * Re(7.60%) + D(4.03b)/V(5.27b) * Rd(4.52%) * (1-Tc(0.08)))
Discount Rate = 7.60% (= 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=-1.37% | Revisions=-50% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.26 | Chg30d=-1.25% | Revisions=-40% | Analysts=6
EPS current Year (2026-12-31): EPS=1.00 | Chg30d=-0.99% | Revisions=-50% | GrowthEPS=+18.7% | GrowthRev=+8.1%
EPS next Year (2027-12-31): EPS=1.18 | Chg30d=-0.96% | Revisions=+0% | GrowthEPS=+18.5% | GrowthRev=+18.4%
[Analyst] Revisions Ratio: -62% (up=1, down=9)