Ladder Capital's Q2 EPS rises on loan portfolio growth
Ladder Capital's Q2 EPS rises on loan portfolio growth
Overview
U.S. commercial real estate lender's Q2 distributable EPS rose
GAAP diluted EPS for Q2 was $0.12
Company grew loan portfolio and distributable earnings, book value remained stable
Outlook
Company did not provide specific guidance for future quarters or the full yr in press release
Result Drivers
LOAN PORTFOLIO GROWTH - Co said growth in its loan portfolio contributed to higher distributable earnings
DIVERSIFIED INCOME SOURCES - Gains across multi-cylinder platform, including real estate operations and securities investments, supported results
Company press release: ID:nBw80plGYa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS |
| $0.12 |
|
Q2 Net Interest Income (expense) |
| $22.59 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy"
Wall Street's median 12-month price target for Ladder Capital Corp is $12.50, about 28.2% above its July 22 closing price of $9.75
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago
Reuters Recommended Reads
July 21 - Annaly Capital Q2 EPS rises sharply as securization activity hits record
July 21 - Bank OZK's Q2 net income falls 8.7% yr/yr
July 22 - ARMOUR Residential REIT Q2 net income rises, book value up 0.6%
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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