Ladder Capital (LADR)
Originates CRE loans, invests in securities, and owns selected real estate.
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Originates senior commercial real estate loans and invests across CMBS-style securities and owned properties. The internally managed REIT uses public-company capital to shift among Loans, Securities, and Real Estate while depending on credit performance, funding access, securitization economics, occupancy, and REIT qualification.
Originates senior first mortgage loans secured by U.S. commercial real estate, including balance sheet loans for transitional properties and conduit loans that can be sold into securitizations. Securities investments focus on CMBS, agency securities, corporate bonds, equities, and Treasuries, while Real Estate holds net leased properties, diversified commercial properties, and ventures.
Operates as an internally managed commercial mortgage REIT with founder-led management and a small employee base in New York. Capital can move among lending, securities, and owned property as market conditions change, rather than staying tied to one real estate finance product.
Results depend on loan origination and repayments, credit losses, funding cost and availability, net interest margin, securitization profitability, real estate occupancy, and continued REIT and Investment Company Act exemption compliance.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 29, 2026 | Morgan Stanley | Target | Target: — | Target: $10.25 |
| Jan 21, 2026 | HSBC | Target | Target: — | Target: $13 |
| Jan 21, 2026 | Susquehanna | Target | Target: — | Target: $13 |
| Jan 21, 2026 | Capital One Financial | Target | Target: — | Target: $13 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $37.6M · Total debt $4.00B · Total assets $5.61B · Shareholders' equity $1.43B
- Revenue
- $78.2M
- Operating income
- −$18.9M
- Net income
- $14.6M
HistoryDividendAnnual yieldUpcoming
| Institutions | 64.77% | 82.17M shares | |
|---|---|---|---|
| 224 holders · as of Jun 30, 2026 | |||
| Insiders | 9.96% | 12.64M shares | |
| 11 holders · as of Jun 2, 2026 | |||
| Strategic holders | 7.88% | 9.99M shares | |
| 1 holder · as of Feb 3, 2022 | |||
| Other | 17.39% | 22.07M shares | |
| remainder | |||
126.87M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 8.21% | 10.42M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.88% | 9.99M | filed Feb 3, 2022 |
Brian Harris1Insiderdirector, officer: Chief Executive Officer | 7.28% | 8.71M · 528,768 | filed Feb 20, 2026 |
Jennison Associates LLCInstitution | 5.05% | 6.41M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.98% | 5.05M | as of Jun 30, 2026 |
- Brian Harris's transaction reports restate only vehicles that traded; the 2026 ownership statement (8.71M) is used instead.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 2, 2026 | Robert Perelman | officer: Head of Asset Management | −17,505 | $10.25 |
| May 29, 2026 | Robert Perelman | officer: Head of Asset Management | −17,495 | $10.26 |
| Feb 6, 2026 | Brian Harris | director, officer: Chief Executive Officer | +5,000 | $10.32 |
| Oct 27, 2025 | Jeffrey B. Steiner | director | −19,481 | $10.89 |
| Oct 15, 2025 | Anthony Vincent Esposito | officer: Chief Accounting Officer | +59 | $10.79 |
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- KKR Real Estate Finance Trust
KKR-sponsored lender for structured commercial real estate loans
- TPG RE Finance Trust
TPG-sponsored commercial real estate finance company
- Ares Commercial Real Estate
Ares-backed CRE mortgage REIT focused on senior mortgage loans
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ladder Capital | $9.41 | −0.05% | $1.20B | 22.5 | 8.7 | 3.2 | −40.9% |
| Starwood Property Trust | $15.22 | +0.77% | $5.56B | 22.0 | 9.0 | 2.7 | +7.9% |
| Blackstone Mortgage Trust | $13.14 | −0.08% | $2.24B | 165.9 | 10.9 | 1.5 | +18.1% |
| Franklin BSP Realty Trust | $7.75 | −0.45% | $640.3M | 17.5 | 7.4 | 1.1 | −45.4% |
| Apollo Commercial Real Estate Finance | $6.40 | −0.31% | $842.0M | 8.1 | 57.5 | 3.2 | +3.1% |
| KKR Real Estate Finance Trust | $6.62 | +0.08% | $434.7M | — | — | 1.0 | −41.6% |
| TPG RE Finance Trust | $7.19 | −0.28% | $553.5M | 13.3 | 6.7 | 2.1 | −58.7% |
| Ares Commercial Real Estate | $4.41 | −0.78% | $243.0M | — | 20.4 | 2.5 | — |
| Median | 17.5 | 9.9 | 2.1 | −19.3% |