Ladder Capital (LADR) Tops Q2 EPS by 9c

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Go back to Ladder Capital (LADR) Tops Q2 EPS by 9c

Ladder Capital Corp Reports Results for the Quarter Ended June 30, 2020

July 30, 2020 4:15 PM EDT

 

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (NYSE: LADR) (we, Ladder, or the Company) today announced operating results for the quarter ended June 30, 2020. GAAP loss before taxes for the three months ended June 30, 2020 was $5.7 million, and diluted loss per share was $0.04. Core earnings was $12.8 million, or $0.12 of core EPS. After-tax GAAP return on average equity was (1.2)% and after-tax core return on average equity was 4.0%.

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,... More