)
)
Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Ladder Capital
Ladder Capital (LADR) investor relations material
Ladder Capital Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Investor presentation summary27 Oct, 2026
Investment thesis and positioning
$6.2B CRE investment portfolio: loans $2.9B (48%), securities $2.3B (37%) and equity $0.9B (15%).
~$53B invested since inception; realized losses of ~0.1% since 2008; ~90% of assets are senior-secured or investment-grade rated.
$9.35 share price vs. $13.50 undepreciated book value per share, a 31% discount; cited total-return potential exceeds 30%.
Current dividend yield 9.8%; management and director ownership is 13%, or ~$140M.
Portfolio and underwriting
Loans are 99%+ first mortgages, with 68% weighted-average LTV and $25M-$30M average loan size; ~86% of the portfolio originated since 2024.
Securities portfolio: 97% AAA-rated, 99% investment-grade rated, 2.9-year weighted-average duration and 5.5% unlevered weighted-average yield.
Net lease portfolio totals $438M, is 100% leased, has ~64% investment-grade tenants and a 6.4-year weighted-average remaining lease term.
Middle-market focus and average loan size of $25M-$30M support portfolio granularity; average investment size is under $15M.
Earnings and growth levers
Q3 2026 distributable EPS was $0.35, versus $0.24 in Q2; GAAP diluted EPS was $0.53, versus $0.12.
LTM distributable earnings were $124.9M and after-tax distributable ROAE was 8.3% through September 30, 2026.
Illustrative asset-mix shift from 48% to 65% loans projects ROE of ~8.5%-9.0% and quarterly distributable EPS of $0.24-$0.25; with gains, ~9%-10% ROE and $0.26-$0.27 EPS.
Real estate sales generated $250M of gains across 69 transactions over 13 consecutive years; a 2026 Jacksonville sale generated a $31M gain and ~18% IRR over nine years.
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.Research faster. Power your platform.
Latest events from Ladder Capital
- A $65.6M property gain lifted GAAP earnings as distributable EPS reached $0.35.LADR
Q3 2026 - High-yield, investment grade CRE REIT with strong upside and shares at a 27% discount to book.LADRInvestor presentation
- Q2 2026 saw $550M in new loans, $30.8M distributable earnings, and a 9.4% dividend yield.LADRQ2 2026
- Stockholders voted on board re-elections and auditor ratification; results pending SEC filing.LADRAGM 2026
- Distributable earnings hit $28M in Q1 2026, with strong loan growth and solid liquidity.LADRQ1 2026
- Board recommends director reelection and auditor ratification, emphasizing governance and alignment.LADRProxy filing
- Vote on two director nominees and auditor ratification at the June 2026 annual meeting.LADRProxy filing
- Q4 2025 distributable earnings hit $21.4M, with investment-grade status and strong loan growth.LADRQ4 2025
- Q2 2024 saw $40.4M distributable earnings, strong liquidity, and positive credit actions.LADRQ2 2024
Next Ladder Capital earnings date
Q4 20264 Feb, 2027
Ladder Capital
Next Ladder Capital earnings date
Q4 20264 Feb, 2027
AI chat
Ask anything. Verify everything.
Ask across every event and document from public companies. Each answer links back to the exact line in the transcript, slide or filing it came from.Learn moreFind what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.)
Trust every finding
50m+ first-party documents. Every output traceable to its source.Find what matters
AI across all first-party IR material. Live calls, transcripts, slides, filings.Trust every finding
50m+ first-party documents. Every output traceable to its source.Automations
Zero in on what matters
Define the prompt once. It runs the moment a company publishes or on a schedule you set. Outputs map to the exact signals you choose.Learn more)
Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.)
Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Event-triggered research
Runs when a company publishes new material. Trigger on the first published document for the earliest possible run, or wait for a specific one.Scheduled research
Runs on a recurring cadence you set. Daily, weekly, monthly, or quarterly, for aggregate reads across a period rather than a single event.Live audio & transcripts
Be first
Join any earnings call live in one click, with no manual registration. Follow the transcript as it happens and jump straight to the moments that matter.Learn more)
Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.)
Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Live earnings calls
Join any call in one click. The audio keeps playing while you work elsewhere in Quartr.Live transcripts
Speaker-by-speaker, in real time. Searchable across every live and historical call.Quartr MCP connects your AI environment to 17K+ public companies
Pull live transcripts, filings, and slides into Claude or Codex via MCP. Combine Quartr's global IR data with any other dataset. Run agentic research and monitoring.
Included with Quartr Pro at no extra cost.Learn more
Quartr's AI stands out because it only pulls clean, first-party data from public companies. In investing, that's everything.
Jamie Ross
Investment Manager, GAM Investments
GAM
GAM
Research that used to take hours now takes seconds with Quartr Pro. Tracking shifts in tone or extracting tables, it's as simple as typing a query.
Tom O'Hara
Investment Director
Ciena
Ciena
Before Quartr we spent hours manually compiling insights through the peer earnings cycle. Now, these tasks are done faster, with greater precision.
Gregg Lampf
VP of Investor Relations
Protean
Protean
Being able to ask specific questions across years of transcripts and reports and instantly get verified answers is a game-changer.
Pontus Dackmo
CEO & Investment Manager
)
)
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.