Logotype for Ladder Capital Corp

Ladder Capital (LADR) investor relations material

Ladder Capital Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Ladder Capital Corp
Q2 2025 earnings summary24 Jul, 2025

Executive summary

  • Achieved investment grade ratings (Baa3/BBB-) and completed inaugural $500M unsecured bond issuance at 5.5% coupon, 5.5x oversubscribed.

  • Distributable earnings for Q2 2025 were $30.9M ($0.23/share), with a 7.7% after-tax ROAE and declared $0.23/share dividend.

  • Maintained strong liquidity of $1B, including an undrawn $850M unsecured revolver, and $3.7B unencumbered assets (83% of total assets).

  • Portfolio comprised $4.7B in investment assets and cash, with 82% of assets senior secured or investment grade.

  • Management and board alignment with over 11% insider ownership.

Financial highlights

  • Q2 2025 net income was $17.1M, down from $32.1M in Q2 2024; net interest income was $21.5M.

  • Distributable EPS was $0.23, up from $0.20 in Q1 2025; after-tax distributable ROAE was 7.7%.

  • Undepreciated book value per share was $13.68; GAAP book value per share was $11.78 as of June 30, 2025.

  • Total assets as of June 30, 2025 were $4.46B, down from $4.85B at year-end 2024.

  • Dividends declared for the first half of 2025 totaled $0.46 per share.

Outlook and guidance

  • Anticipates continued tightening of bond spreads and further reduction in cost of capital as investment grade status is recognized.

  • Expects portfolio growth in the second half of 2025, with a target of $1B in new loans by year-end.

  • May issue another unsecured bond before year-end if market conditions remain favorable.

  • Management highlights focus on liquidity, conservative leverage, and risk management amid market volatility.

  • Reduced cost of capital expected to support attractive, risk-adjusted returns.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Ladder Capital earnings date

Logotype for Ladder Capital Corp
Q3 202523 Oct, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Ladder Capital earnings date

Logotype for Ladder Capital Corp
Q3 202523 Oct, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Ladder Capital Corp is a real estate investment trust (REIT) that specializes in providing commercial real estate financing solutions. The company focuses on originating and investing in a variety of commercial real estate-related assets, including first mortgage loans, mezzanine loans, and other real estate-related securities. Ladder Capital’s services cater to property owners and developers, offering flexible financing options for transactions involving office, retail, industrial, and multifamily properties. In addition to its lending operations, the company also invests in commercial real estate equity. The company is headquartered in New York, New York, USA, and its shares are listed on the NYSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage