Ladder Capital Third Quarter 2024 Earnings: Beats Expectations

Ladder Capital (NYSE:LADR) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$67.9m (down 4.9% from 3Q 2023).
• Net income: US$27.9m (down 11% from 3Q 2023).
• Profit margin: 41% (down from 44% in 3Q 2023).
• EPS: US$0.22 (down from US$0.25 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ladder Capital Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 28%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 30% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 1.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Ladder Capital (1 doesn't sit too well with us!) that you should be aware of.

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