Ladder Capital (LADR) Tops Q3 EPS by 5c

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Go back to Ladder Capital (LADR) Tops Q3 EPS by 5c

Ladder Capital Corp Reports Results for the Quarter Ended September 30, 2021

October 28, 2021 4:15 PM EDT

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (NYSE: LADR) (we, our, Ladder, or the Company) today announced operating results for the quarter ended September 30, 2021. GAAP income before taxes for the three months ended September 30, 2021 was $18.7 million, and diluted earnings per share (EPS) was $0.15. Distributable earnings was $17.0 million, or $0.14 of distributable earnings per share.

We are pleased to be on plan with strong origination volumes, a robust pipeline, and growing earnings. We also continue to realize meaningful profits on sales of properties from our real estate equity portfolio, further demonstrating the embedded value in our portfolio of... More