Ladder Capital (LADR) Misses Q3 EPS by 1c

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Go back to Ladder Capital (LADR) Misses Q3 EPS by 1c

Ladder Capital Corp Reports Results for the Quarter Ended September 30, 2019

November 7, 2019 4:15 PM EST

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (NYSE: LADR) (we, Ladder, or the Company) today announced operating results for the quarter ended September 30, 2019. GAAP income before taxes for the three months ended September 30, 2019 was $32.1 million, and diluted earnings per share was $0.26. Core earnings was $44.1 million, or $0.38 of core EPS. After tax GAAP return on average equity was 7.5% and after-tax core return on average equity was 10.9%.

Were very pleased with our results in the third quarter, said Brian Harris, Ladders Chief Executive Officer. All of our products are delivering solid returns, and we continue to deliver... More