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Market Cap

US$1.5b

Last Updated

2021/05/05 23:37 UTC

Data Sources

Company Financials +

Executive Summary

Ladder Capital Corp operates as a real estate investment trust in the United States. More Details


Snowflake Analysis

High growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Ladder Capital's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LADR is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: LADR's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

-3.4%

LADR

-0.9%

US Mortgage REITs

-1.6%

US Market


1 Year Return

50.3%

LADR

69.5%

US Mortgage REITs

52.8%

US Market

Return vs Industry: LADR underperformed the US Mortgage REITs industry which returned 64.3% over the past year.

Return vs Market: LADR underperformed the US Market which returned 52.4% over the past year.


Shareholder returns

LADRIndustryMarket
7 Day-3.4%-0.9%-1.6%
30 Day-1.3%2.8%1.3%
90 Day10.1%11.0%3.5%
1 Year63.3%50.3%86.9%69.5%55.4%52.8%
3 Year1.5%-21.5%14.3%-16.0%63.5%53.2%
5 Year49.4%-3.9%53.2%-10.1%125.8%100.7%

Long-Term Price Volatility Vs. Market

How volatile is Ladder Capital's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Ladder Capital undervalued compared to its fair value and its price relative to the market?

5.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: LADR ($11.48) is trading below our estimate of fair value ($12.16)

Significantly Below Fair Value: LADR is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: LADR is unprofitable, so we can't compare its PE Ratio to the US Mortgage REITs industry average.

PE vs Market: LADR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LADR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LADR's PB Ratio (0.9x) is in line with the US Mortgage REITs industry average.


Future Growth

How is Ladder Capital forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

140.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LADR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).

Earnings vs Market: LADR is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: LADR's is expected to become profitable in the next 3 years.

Revenue vs Market: LADR's revenue (37.5% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: LADR's revenue (37.5% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LADR's Return on Equity is forecast to be low in 3 years time (6.8%).


Past Performance

How has Ladder Capital performed over the past 5 years?

1.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LADR is currently unprofitable.

Growing Profit Margin: LADR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LADR is unprofitable, but has reduced losses over the past 5 years at a rate of 1.6% per year.

Accelerating Growth: Unable to compare LADR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: LADR is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (1.5%).


Return on Equity

High ROE: LADR has a negative Return on Equity (-0.61%), as it is currently unprofitable.


Financial Health

How is Ladder Capital's financial position?


Financial Position Analysis

Short Term Liabilities: LADR's short term assets ($3.6B) exceed its short term liabilities ($744.8M).

Long Term Liabilities: LADR's short term assets ($3.6B) exceed its long term liabilities ($3.6B).


Debt to Equity History and Analysis

Debt Level: LADR's debt to equity ratio (271.9%) is considered high.

Reducing Debt: LADR's debt to equity ratio has reduced from 286.8% to 271.9% over the past 5 years.

Debt Coverage: LADR's debt is not well covered by operating cash flow (2.7%).

Interest Coverage: Insufficient data to determine if LADR's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Ladder Capital current dividend yield, its reliability and sustainability?

6.97%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: LADR's dividend (6.97%) is higher than the bottom 25% of dividend payers in the US market (1.24%).

High Dividend: LADR's dividend (6.97%) is in the top 25% of dividend payers in the US market (3.42%)


Stability and Growth of Payments

Stable Dividend: LADR has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: LADR has only been paying a dividend for 6 years, and since then payments have fallen.


Current Payout to Shareholders

Dividend Coverage: LADR is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: LADR's dividends in 3 years are not forecast to be well covered by earnings (94.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.9yrs

Average management tenure


CEO

Brian Harris (60 yo)

12.58yrs

Tenure

US$10,034,690

Compensation

Mr. Brian Richard Harris serves as the Chief Executive Officer of Ladder Capital Finance LLC. Mr. Harris has been the Chief Executive Officer of Ladder Capital Securities LLC since October 2009. Mr. Harris...


CEO Compensation Analysis

Compensation vs Market: Brian's total compensation ($USD10.03M) is above average for companies of similar size in the US market ($USD3.74M).

Compensation vs Earnings: Brian's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: LADR's management team is considered experienced (3.9 years average tenure).


Board Members

Experienced Board: LADR's board of directors are considered experienced (5.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: LADR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.9%.


Top Shareholders

Company Information

Ladder Capital Corp's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Ladder Capital Corp
  • Ticker: LADR
  • Exchange: NYSE
  • Founded: 2008
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$1.464b
  • Market Cap: US$1.464b
  • Shares outstanding: 126.34m
  • Website: https://www.laddercapital.com

Number of Employees


Location

  • Ladder Capital Corp
  • 345 Park Avenue
  • 8th Floor
  • New York
  • New York
  • 10154
  • United States

Listings


Biography

Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit fi...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/05/05 23:37
End of Day Share Price2021/05/05 00:00
Earnings2020/12/31
Annual Earnings2020/12/31


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 here.