Ladder Capital (LADR)
Originates CRE loans, invests in securities, and owns selected real estate.
$9.41
After hours−0.00 (−0.05%)
At close$9.42(−0.37%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 141 | 122 | 129 | 119 | 130 | 121 | 92 | 98 | 102 | 96 | 103 | 78 |
| Cost of revenue | 27 | 27 | 29 | 31 | 30 | 27 | 25 | 28 | 29 | 28 | 30 | 56 |
| Gross profit | 114 | 95 | 100 | 88 | 100 | 94 | 66 | 70 | 73 | 68 | 73 | 23 |
| 19 | 15 | 23 | 15 | 14 | 10 | 15 | 8 | 8 | 7 | 18 | 41 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 | |
| General & administrative | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17 |
| Other expenses | 19 | 15 | 23 | 15 | 14 | 10 | 15 | 8 | 8 | 7 | 18 | 24 |
| Operating income | 95 | 79 | 77 | 73 | 86 | 84 | 51 | 62 | 65 | 61 | 55 | −19 |
| −61 | −61 | −59 | −42 | −57 | −51 | −41 | −41 | −44 | −46 | −51 | 35 | |
| Interest income | 101 | 101 | 96 | 89 | 96 | 78 | 64 | 63 | 72 | 68 | 74 | 78 |
| Interest expense | 62 | 61 | 59 | 54 | 58 | 51 | 44 | 41 | 44 | 46 | 51 | 56 |
| Other non-operating income | −1 | 0 | 0 | −13 | 0 | 0 | −3 | 0 | 1 | 0 | 0 | 0 |
| Income before tax | 34 | 18 | 18 | 31 | 28 | 33 | 11 | 21 | 20 | 16 | 3 | 16 |
| Income tax expense | 3 | −1 | 2 | −1 | 1 | 2 | −1 | 4 | 1 | 0 | 1 | 2 |
| Net income from continuing operations | 31 | 19 | 16 | 32 | 28 | 31 | 12 | 17 | 19 | 16 | 3 | 15 |
| Net income | 31 | 19 | 17 | 32 | 28 | 31 | 12 | 17 | 19 | 16 | 3 | 15 |
| EPS, basic | $0.25 | $0.15 | $0.13 | $0.26 | $0.22 | $0.25 | $0.09 | $0.14 | $0.15 | $0.13 | $0.02 | $0.12 |
| EPS, diluted | $0.25 | $0.15 | $0.13 | $0.26 | $0.22 | $0.25 | $0.09 | $0.14 | $0.15 | $0.13 | $0.02 | $0.12 |
| Weighted average shares, basic | 125 | 125 | 125 | 126 | 126 | 126 | 126 | 126 | 125 | 126 | 125 | 125 |
| Weighted average shares, diluted | 125 | 125 | 126 | 126 | 126 | 126 | 126 | 126 | 126 | 126 | 126 | 125 |
| EBITDA | 104 | 87 | 86 | 94 | 95 | 92 | 62 | 70 | 73 | 70 | 63 | −10 |
| Depreciation & amortization | 8 | 8 | 9 | 9 | 9 | 8 | 8 | 8 | 9 | 9 | 9 | 9 |
| EBIT | 97 | 79 | 77 | 85 | 86 | 84 | 55 | 62 | 64 | 61 | 54 | −19 |