Ladder Capital (LADR) Tops Q2 EPS by 10c

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Go back to Ladder Capital (LADR) Tops Q2 EPS by 10c

Ladder Capital Corp Reports Results for the Quarter Ended June 30, 2022 and Announces Upsize and Extension of Revolving Credit Facility

July 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 June 30, 2022. GAAP income before taxes for the three months ended June 30, 2022 was $45.8 million, and diluted earnings per share (EPS) was $0.28. Distributable earnings was $43.7 million, or $0.34 of distributable EPS.

I am very happy to see our plans falling into place. Once again we saw increased earnings momentum as we continued to grow our floating rate loan portfolio in the second quarter. With the Federal Reserve fighting inflation with aggressive rate hikes, we expect to see... More