Ladder Capital (NYSE: LADR) reported Q2 EPS of $0.12, $0.09 better than the analyst estimate of $0.03.

“In the second quarter, we met our goal of strengthening our balance sheet. We accomplished this by reducing our debt by $727.5 million and finishing the quarter with $826.1 million in cash,” said Brian Harris, Ladder’s Chief Executive Officer. “We believe we are now well-positioned to take advantage of the opportunities that are beginning to present themselves.”

For earnings history and earnings-related data on Ladder Capital (LADR) click here.