Ladder Capital (LADR) Stock Overview
Operates as an internally-managed real estate investment trust in the United States. More details
| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 4/6 |
| Past Performance | 2/6 |
| Financial Health | 1/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
LADR Community Fair Values
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Analyst Price Targets
Ladder Capital Corp Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.23 |
| 52 Week High | US$11.92 |
| 52 Week Low | US$9.61 |
| Beta | 0.99 |
| 1 Month Change | -0.29% |
| 3 Month Change | -0.20% |
| 1 Year Change | -3.85% |
| 3 Year Change | -2.66% |
| 5 Year Change | -15.52% |
| Change since IPO | -39.79% |
Recent News & Updates
Recent updates
Seeking Alpha • May 11
Why Ladder Capital's 9% Yield And Discounted Valuation Are Attractive
Summary Ladder Capital offers a 9% yield and trades at a 24% discount to undepreciated book value, presenting compelling value and income. LADR’s portfolio is 84% senior secured/investment-grade, with conservative underwriting and robust loan growth driven by capital recycling from securities. Management is capitalizing on CRE market dislocation, selectively originating new loans at attractive spreads and maintaining strong liquidity. Dividend coverage is expected to improve as LADR shifts from lower-yielding securities to higher-yielding loans, supporting the ‘Buy’ rating. Read the full article on Seeking AlphaSeeking Alpha • Apr 29
Ladder Capital: A 9% Yield On Sale
Summary Ladder Capital reported weaker-than-expected earnings for Q1'25 with the mortgage REIT also not supporting its dividend. Ladder Capital's portfolio reduction, driven by commercial real estate market challenges, led to a 45% year-over-year decline in net interest income in Q1'25. The REIT's balance sheet quality, however, remained stable Q/Q, as did its CECL reserve. Despite under-earning its dividend, the recent sell-off in shares may compensate for weaker earnings, with potential for dividend coverage restoration in future quarters. Shares are now valued at a 14% discount to book value, presenting a potential rebound opportunity if dividend coverage improves. Read the full article on Seeking AlphaSeeking Alpha • Mar 10
Ladder Capital: An 8% Yielding Piggy Bank
Summary Ladder Capital delivered strong Q4 earnings, supported by a diversified commercial real estate portfolio and robust dividend coverage, trading at a discount to book value. Despite a 16% Y/Y drop in distributable earnings in Q4 2024, Ladder Capital maintained its dividend and stable CECL reserves. With stable credit provisions and a dividend coverage ratio of 1.17X, shares of Ladder Capital remain attractive for dividend investors. Valued attractively with high credit standards, Ladder Capital remains a top CRE finance REIT, offering safe, long-term dividends compared to other rivals in the CRE market. Investors should monitor Ladder Capital's debt performance and dividend coverage, as deterioration in these areas could impact its investment appeal. Read the full article on Seeking AlphaSeeking Alpha • Feb 18
Ladder Capital: High Margin Of Dividend Safety
Summary Ladder Capital's robust loan performance and healthy dividend coverage suggest potential for dividend growth in 2025, making it a top choice for passive income investors. Despite market stress, LADR avoided a dividend cut and maintained strong payout metrics, unlike peers such as Blackstone Mortgage Trust. The Company's book value is growing, and its current discount to book value is unjustified given its strong financial performance and improving provisions. With a brightening credit provisioning situation, Ladder Capital remains a compelling long-term investment, and I anticipate a dividend raise in 2025. Read the full article on Seeking AlphaSeeking Alpha • Dec 06
Ladder Capital: 8% Yield And Solid Dividend Coverage Make It A Buy
Summary Ladder Capital offers a robust 7.8% dividend yield, well-covered by cash flows, making it an attractive high-income stock in a frothy market. LADR's diversified $5.5 billion portfolio, low leverage, and substantial insider ownership align management and shareholder interests. With $1.9 billion in liquidity, LADR is well-positioned for growth, focusing on high-quality assets and transitioning to new income sources. Despite risks like macroeconomic pressures and office property exposure, LADR's stable book value and potential investment-grade credit upgrade make it compelling for income-focused investors. Read the full article on Seeking AlphaSeeking Alpha • Oct 25
Ladder Capital: 8.1% CRE Yield With 1.3X Dividend Coverage
Summary Ladder Capital's Q3 earnings exceeded expectations, showing robust dividend coverage of 1.30X and a stable book value. The REIT's portfolio, primarily senior secured loans, is well-managed despite challenges in the U.S. office sector. The CECL reserve declined $2M Q/Q, indicating strong loan quality. Ladder Capital's shares trade at a 5% discount to book value, offering potential capital upside in addition to an 8.1% dividend yield. Despite sector risks, Ladder Capital's stable earnings and healthy dividend coverage profile suggest it remains a buy, with potential for a revaluation to $12, the REIT's book value. Read the full article on Seeking Alpha
New Narrative • Sep 24
Calculated Shifts And Prudent Investments Set To Propel Growth Amid Real Estate Uncertainties
Strategic financial maneuvers, including bond issuances and investment in high-grade securities, signify robust capital management and a focus on enhancing liquidity and earnings.Seeking Alpha • Sep 04
Ladder Capital: 7.5% Yield And 135% Dividend Coverage
Summary Tech stocks' growth may be peaking, dividend stocks are finally having their time in the sun. Ladder Capital offers a 7.5% yield, 135% dividend coverage, and trades at a 10% discount to undepreciated book value. With $1.2 billion in cash and equivalents and a lower leverage profile than peers, LADR is well-positioned for future opportunities. Read the full article on Seeking AlphaSeeking Alpha • Aug 09
Ladder Capital: Quality Has Its Price
Summary Ladder Capital Corporation covered its dividend with distributable earnings in Q2 and maintained stable book value YoY. Ladder Capital's 8% yield offers passive income investors a high margin of safety, implying sustainable dividends. Market recognizes Ladder Capital's robust portfolio quality with only a 2% discount to book value. Read the full article on Seeking AlphaSeeking Alpha • Jul 25
Ladder Capital: Continuing To Lean Out And Deleverage, Big Income
Summary Ladder Capital Corp is a commercial mREIT with internally managed assets of $5.0 billion, offering a stable income with a secure 7.5% yield. The company invests in a diverse portfolio of commercial real estate, focusing on senior secured assets and net leased properties with investment-grade tenants. Ladder has emerged as a leaner company with improved leverage, stable returns, and strong quarterly performance, positioning it well for an orderly rate-cutting cycle in H2 2024. Read the full article on Seeking AlphaAnalysis Article • May 31
Shareholders May Not Be So Generous With Ladder Capital Corp's (NYSE:LADR) CEO Compensation And Here's Why
Key Insights Ladder Capital will host its Annual General Meeting on 6th of June CEO Brian Harris' total compensation...Seeking Alpha • May 30
Ladder Capital: The Dividend Should Be Safe In 2024, Buy The Drop (Rating Upgrade)
Summary Ladder Capital's stock is trading at a higher discount to book value after Starwood tightened redemption restrictions for its non-traded REIT, SREIT, last week. Ladder Capital is performing well and has only 16% exposure to the office market. Ladder Capital's key strength is its well-supported dividend. The 8% discount improves the value proposition and makes the dividend yield even more attractive, in my opinion. Read the full article on Seeking AlphaSeeking Alpha • Mar 31
Ladder Capital: Accumulate On Any And All Weakness
Summary Ladder Capital is a commercial mREIT with a stable and secure yield of 8.3% in the real estate investment trust (REIT) space. The company specializes in underwriting commercial real estate and offers capital through senior secured assets and first mortgage loans. Ladder Capital has a rock-solid balance sheet, significant liquidity, and improved dividend coverage, with brighter days expected in 2024 and beyond. Read the full article on Seeking AlphaSeeking Alpha • Mar 13
Ladder Capital: Is The Dividend Safe In 2024?
Summary Ladder Capital's shares went into a new up-leg after Q4'23 results were submitted. Concerns have been raised about the REIT's loan book and deteriorating provision trend. However, overall risks appear relatively low as the CECL reserve represents only 1.4% of CRE loan investments. LADR's dividend is well-supported, with a FY 2023 distribution coverage ratio of 1.46X. Read the full article on Seeking AlphaSeeking Alpha • Feb 13
Ladder Capital: Cash Is King
Summary KKR Real Estate recently announced a dividend cut of 42%, raising concerns about the stability of dividend yields in the commercial mortgage REIT sector. Granite Point Mortgage is paying out more in dividends than it earns, making its high yield of 15.4% unsustainable. Ladder Capital Corp. stands out as the commercial mREIT with the lowest payout ratio, lowest average loan size, and potential for a 30% return over the next 12 months. Read the full article on Seeking AlphaSeeking Alpha • Dec 31
Ladder Capital: 8% Yield, But Limited Upside In 2024 (Rating Downgrade)
Summary Ladder Capital is a leading mortgage REIT that provides capital for the commercial real estate sector through senior secured loans. The company's balance sheet has shrunk due to reduced lending to the CRE sector and concerns over future CRE loan performance. Ladder Capital's dividend is currently sustainable, but the risk profile at its current valuation level is not enticing. Read the full article on Seeking AlphaAnalysis Article • Dec 03
We Ran A Stock Scan For Earnings Growth And Ladder Capital (NYSE:LADR) Passed With Ease
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...Seeking Alpha • Oct 31
Ladder Capital: Buy The Dip Opportunity, Secure A Covered 10% Yield
Summary Ladder Capital's stock price weakness presents a good opportunity to add a premier commercial real estate investment trust at a lower earnings multiple for passive income. The discount to book value has recently expanded, but is expected to narrow over time. Ladder Capital comfortably covered its dividend in the third quarter and offers a high-quality 10% yield. Read the full article on Seeking AlphaSeeking Alpha • Sep 28
Ladder Capital: The Perfect Storm
Summary We recommend owning commercial mREITs for high dividends and potential price appreciation. Ladder Capital is highlighted as a top COVID pick with a strong business model and attractive returns. LADR's portfolio consists of a diversified mix of assets, including first mortgage loans, investment-grade securities, and net lease properties. Read the full article on Seeking AlphaSeeking Alpha • Aug 15
Ladder Capital: Raise Your Cash Flow With This 8.5% Yield
Summary Ladder Capital is a high-yielding stock with a diversified portfolio of commercial mortgages and real estate assets. The company has strong fundamentals, including a 10.8% return on equity and a robust dividend coverage ratio. LADR is well-prepared for adversity, with a sizable cash balance and relatively low debt, and trades at a significant discount to undepreciated book value. Read the full article on Seeking AlphaSeeking Alpha • Aug 05
Ladder Capital Corp: 8.1% CRE Yield, But It's A Hold Now (Downgrade)
Summary Ladder Capital Corporation's stock has shown strength but is still selling at a discount from book value. Ladder Capital did not originate any new loans in Q2 due to higher interest rates, but it provides a well-covered 8% dividend. Ladder Capital Corp owns a diversified commercial loan portfolio with limited exposure to office real estate, but the decline in loan originations may impact its net interest income potential. Read the full article on Seeking AlphaAnalysis Article • Jul 15
Is Now The Time To Put Ladder Capital (NYSE:LADR) On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Seeking Alpha • Jul 11
Ladder Capital: Chase This High Yield
Summary Ladder Capital is a high-yield investment opportunity due to its internal management structure and well-capitalized business model. LADR has a strong balance sheet, no debt maturities until October 2025, and a portfolio that includes commercial loans, CRE Securities and physical net lease properties. Despite potential risks from a severe economic downturn, LADR's undervalued status and potential for double-digit total returns make it an attractive option for high-yield investors. Read the full article on Seeking AlphaSeeking Alpha • Feb 09
Ladder Capital Non-GAAP EPS of $0.31 beats by $0.02, revenue of $119.44M
Ladder Capital press release (NYSE:LADR): Q4 Non-GAAP EPS of $0.31 beats by $0.02. Revenue of $119.44M (+67.4% Y/Y). Shares -1.76%.Seeking Alpha • Dec 27
9% Yielding Ladder Capital Is A Steal
Summary The December pullback for Ladder Capital is a buying opportunity. The mortgage trust offers a high quality portfolio and floating rate exposure, which is now more important than ever. Ladder Capital’s stock is available at a larger discount to book value. With stocks recently declining, I have increased my purchases of a few select names that offer strong dividend coverage, well-managed investment portfolios of either real estate or mortgage loans, and promise to deliver strong returns in the future, whether a recession occurs in 2023 or not. Last week, I added more Ladder Capital Corporation (LADR) to my portfolio because I believe it provides passive income investors with stability, prospects for net interest income growth, and a very good yield. Because the stock is also trading at a higher book value discount than it was at the start of December, I believe investors should seize the opportunity and add this quality 9% yielder to their portfolios. Undeserved Pullback Ladder Capital's stock has recently experienced a pullback, which, in my opinion, represents a compelling buying opportunity for two main reasons. One, the pullback is unjustified. Second, Ladder Capital provides passive income investors with a high-quality dividend that grows more appealing as stock prices fall. LADR Share Price (Stockcharts.com) Dividend Backed By Quality Portfolio Of Real Estate Assets Ladder Capital owns a sizable portfolio (primarily of first-mortgage loans) valued at $4.0 billion at the end of the third quarter. The trust primarily invests in multifamily, mixed-use, and office real estate and has the ability to make loans in excess of $100 million. The primary focus of the company is on first-mortgage loans, which are highly secured real estate loans. A first mortgage gives the lender the right to repossess a property if the borrower fails to meet its obligations. As a result, first mortgages provide real estate investors with a way to protect their principal, making them relatively secure investment objects for professional real estate investors such as Ladder Capital. Portfolio Overview (Ladder Capital Corp) During the Covid-19 pandemic, Ladder Capital made significant changes to its loan structure, arguably adjusting (lowering) its portfolio risk. In particular, the mortgage trust increased its investments in multifamily loans while decreasing its exposure to more volatile industries such as hotels and retail real estate. The resulting post-Covid portfolio structure is more durable and less vulnerable to cyclical sectors. Loan Portfolio Summary By Property Type (Ladder Capital Corp) The One Key Feature That Passive Income Investors Should Care About What makes Ladder Capital particularly appealing to passive income investors, in my opinion, is that the portfolio is geared toward floating rate mortgages, which provide the trust and its shareholders with the potential for higher net interest income. The central bank is clearly of great assistance here: It raised interest rates by another 50 basis points in December and is expected to do so again in 2023 to combat inflation. Ladder Capital's loan portfolio contains 89% floating rate loans, implying that the company's loan pool will generate higher net interest income, per share and overall, in a rising-rate environment. The central bank is very likely to continue raising its key interest rates in 2023, implying that the trust has attractive incremental income potential. A 150-basis-point increase in interest rates would increase Ladder Capital's net interest income by $0.33 per share, enough to fund either a dividend increase or a special dividend. Ladder Capital's dividend pay-out ratio in the last twelve months was less than 80%, indicating that the trust can afford to raise its dividend. Estimated Annual Increase In NII By Share (Ladder Capital Corp) Discount To Book Value Ladder Capital's stock trades at a 13% discount to book value, which I believe undervalues both the trust's potential net interest income and the company's improved loan portfolio structure. Ladder Capital traded nearly at book value in November, but the recent pullback has caused the book value discount to widen once more, signaling a buying opportunity in my opinion. Price To Book Value (YCharts) Why Ladder Capital Has Downside Risk A significant portion of the investment thesis is based on Ladder Capital's ability to increase net interest income in a rising-rate environment. A sharp drop in inflation and a weakening labor market would provide the central bank with two compelling reasons to hold off on raising interest rates. If this occurs, Ladder Capital may be unable to fully realize its NII potential.Shareholder Returns
| LADR | US Mortgage REITs | US Market | |
|---|---|---|---|
| 7D | 0.1% | -1.8% | -2.8% |
| 1Y | -3.9% | -1.7% | 22.8% |
Return vs Industry: LADR underperformed the US Mortgage REITs industry which returned -1.8% over the past year.
Return vs Market: LADR underperformed the US Market which returned 23.5% over the past year.
Price Volatility
| LADR volatility | |
|---|---|
| LADR Average Weekly Movement | 2.7% |
| Mortgage REITs Industry Average Movement | 3.8% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.6% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: LADR has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: LADR's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 60 | Brian Harris | www.laddercapital.com |
Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates and acquires balance sheet loans that provide interim financing to borrowers seeking short-term capital for the acquisition or transition of commercial real estate; originates conduit loans, which are first mortgage loans on commercial real estate properties for sale in commercial mortgage-backed securities securitizations; and invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate.
Ladder Capital Corp Fundamentals Summary
| LADR fundamental statistics | |
|---|---|
| Market cap | US$1.31b |
| Earnings (TTM) | US$55.01m |
| Revenue (TTM) | US$216.26m |
23.7x
P/E Ratio6.0x
P/S RatioIs LADR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| LADR income statement (TTM) | |
|---|---|
| Revenue | US$216.26m |
| Cost of Revenue | US$62.95m |
| Gross Profit | US$153.31m |
| Other Expenses | US$98.30m |
| Earnings | US$55.01m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.43 |
| Gross Margin | 70.89% |
| Net Profit Margin | 25.44% |
| Debt/Equity Ratio | 278.8% |
How did LADR perform over the long term?
See historical performance and comparisonDividends
9.0%
Current Dividend Yield210%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/07 08:07 |
| End of Day Share Price | 2026/06/05 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ladder Capital Corp is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Derek Hewett | BofA Global Research |
| Timothy D'Agostino | B. Riley Securities, Inc. |
| William Catherwood | BTIG |