Ladder Capital (LADR) Tops Q1 EPS by 6c

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Go back to Ladder Capital (LADR) Tops Q1 EPS by 6c

Ladder Capital Corp Reports Results for the Quarter Ended March 31, 2022

April 28, 2022 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 March 31, 2022. GAAP income before taxes for the three months ended March 31, 2022 was $17.8 million, and diluted earnings per share (EPS) was $0.15. Distributable earnings was $31.5 million, or $0.25 of distributable EPS.

"Our first quarter results demonstrate continued momentum in both originations and earnings. With our large component of fixed-rate unsecured liabilities, we expect to enjoy higher earnings if short-term interest rates continue to rise," said Brian Harris, Ladders Chief Executive... More