Ladder Capital (LADR) Tops Q4 EPS by 1c

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Go back to Ladder Capital (LADR) Tops Q4 EPS by 1c

Ladder Capital Corp Reports Results for the Quarter and Year Ended December 31, 2019 and Announces First Quarter 2020 Dividend to Holders of Class A Common Stock

February 27, 2020 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 December 31, 2019. GAAP income before taxes for the three months ended December 31, 2019 was $47.6 million, and diluted earnings per share was $0.37. Core earnings was $48.6 million, or $0.40 of core EPS. After tax GAAP return on average equity was 11.1% and after-tax core return on average equity was 11.5%. GAAP income before taxes for the twelve months ended December 31, 2019 was $139.6 million, and diluted earnings per share was $1.15. Core earnings was $190.6 million, or $1.60 of core EPS. After tax GAAP return on... More