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LADR — Ladder Capital News Story

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Ladder Capital Q1 distributable income boosted by higher loan origination

Overview

US commercial real estate lender's Q1 distributable earnings rose to  $28 mln, distributable EPS at $0.22

Company authorized $100 mln share buyback on April 21

Quarterly results driven by highest loan origination volume in four years

Outlook

Company says it is well-positioned to continue growing its balance sheet and earnings

Ladder Capital sees attractive opportunities for loan origination in current market conditions

Result Drivers

LOAN ORIGINATIONS - Co said quarterly results were driven by highest loan origination volume in four years

LIQUIDITY AND FINANCING - Co said it further strengthened its financing structure and liquidity profile in Q1

Company press release: ID:nBw7lrfpPa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Distributable earnings$28 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 22% above its April 22 closing price of $10.25 The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 10 three months ago 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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