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Ladder Capital (LADR) investor relations material
Ladder Capital Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 net income was $65.9M, or $0.53/share; distributable earnings were $44.7M, or $0.35/share, including a $3.5M credit-loss allowance charge-off.
Investment assets and unrestricted cash totaled $6.2B; liquidity was $784M and adjusted leverage was 2.5x.
Financial highlights
Distributable earnings before the $3.5M allowance charge-off were $48.2M, or $0.38/share; reported distributable ROAE was 12.1%.
Jacksonville sale generated a $65.6M GAAP real estate gain and $31M of distributable earnings; undepreciated book value rose to $13.50/share from $13.44 in Q2.
Net interest income was $28.8M; total other income was $90.1M, including $65.6M of net real estate gains.
Outlook and guidance
Management plans to grow loans, deploy capital into attractive risk-adjusted opportunities, and realize gains while maintaining credit discipline; it expects these levers to support earnings and the dividend.
Management expects a strong Q4; each 25-bp SOFR increase was estimated to add $0.01/share per quarter to distributable earnings, based on the September 30 balance sheet.
- High-yield, investment grade CRE REIT with strong upside and shares at a 27% discount to book.LADR
Investor presentation - Q2 2026 saw $550M in new loans, $30.8M distributable earnings, and a 9.4% dividend yield.LADR
Q2 2026 - Stockholders voted on board re-elections and auditor ratification; results pending SEC filing.LADR
AGM 2026 - Distributable earnings hit $28M in Q1 2026, with strong loan growth and solid liquidity.LADR
Q1 2026 - Board recommends director reelection and auditor ratification, emphasizing governance and alignment.LADR
Proxy filing - Vote on two director nominees and auditor ratification at the June 2026 annual meeting.LADR
Proxy filing - Q4 2025 distributable earnings hit $21.4M, with investment-grade status and strong loan growth.LADR
Q4 2025 - Q3 2024 distributable EPS was $0.30, with robust liquidity and extended unsecured debt maturities.LADR
Q3 2024 - Q2 2024 saw $40.4M distributable earnings, strong liquidity, and positive credit actions.LADR
Q2 2024
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