A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
Ladder Capital Corp
LADR
$1.2B
Mkt Cap
$9.77
+2.41%
Ladder Capital Corp (LADR) has a current P/E ratio of 19.2, compared to its historical median P/E of 9.4. The stock is currently considered Expensive based on its historical valuation range.
Ladder Capital Corp (LADR) has a 5-year average return on invested capital (ROIC) of 34.6%. This indicates strong capital allocation and a potential competitive advantage.
Ladder Capital Corp (LADR) has a market capitalization of $1.2B. It is classified as a small-cap stock.
Yes, Ladder Capital Corp (LADR) pays a dividend with a trailing twelve-month yield of 9.52%. The company also returns capital through share buybacks, with a buyback yield of 1.85%.
Based on historical P/E analysis, Ladder Capital Corp (LADR) appears expensive. The current P/E of 19.2 is 103% above its historical median of 9.4. The estimated fair value CAGR (P/E method) is 1.4%.
Ladder Capital Corp (LADR) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
Ladder Capital Corp (LADR) reported annual revenue of $99 million in its most recent fiscal year, based on SEC EDGAR filings.
Our businesses, including balance sheet lending, conduit lending, securities investments, and real estate investments, provide for a stable base of net interest and rental income. We have originated $31.3 billion of commercial real estate loans from our inception in October 2008 through December 31, 2025. During this timeframe, we also acquired $16.0 billion of predominantly investment grade-rated securities secured by first mortgage loans on commercial real estate and $2.2 billion of selected net leased and other real estate assets. As part of our commercial mortgage lending operations, we originate conduit loans, which are first mortgage loans on stabilized, income producing commercial real estate properties that we intend to make available for sale in commercial mortgage-backed securities (“CMBS”) securitizations. From our inception in October 2008 through December 31, 2025, we originated $17.0 billion of conduit loans, of which $16.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 105M | 99M | 99M | 97M | 108M | 102M |
| Net Income | 55M | 64M | 107M | 101M | 165M | 57M |
| EPS | $0.00 | $0.51 | $0.86 | $0.81 | $1.13 | $0.45 |
| Free Cash Flow | 100M | 79M | 127M | 176M | 100M | 75M |
| ROIC | 0.0% | 16.2% | 32.2% | 29.8% | 39.6% | 55.5% |
| Gross Margin | - | 14.7% | 5.8% | 3.5% | 30.0% | 25.0% |
| Debt/Equity | 0.49 | 0.39 | 0.39 | 0.44 | 0.47 | 0.32 |
| Dividends/Share | $0.93 | $0.94 | $0.94 | $0.94 | $0.73 | $0.80 |
| Operating Income | 0 | 242M | 332M | 350M | 366M | 241M |
| Operating Margin | 0.0% | 243.8% | 336.9% | 360.8% | 337.9% | 237.1% |
| ROE | 3.8% | 4.2% | 7.0% | 6.6% | 10.9% | 3.7% |
| Shares Outstanding | 126M | 125M | 125M | 124M | 146M | 126M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 57M | 80M | 77M | 97M | N/A | N/A | 100M | 102M | 108M | 97M | 99M | 99M | 105M |
| Gross Margin | -45.0% | 23.4% | 16.8% | 21.3% | N/A | N/A | 3.1% | 25.0% | 30.0% | 3.5% | 5.8% | 14.7% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 82M | 62M | 64M | 70M | 60M | 68M | 58M | 38M | 76M | 64M | 61M | 53M | 56M |
| EBIT | 148M | 202M | 194M | 280M | 423M | 344M | 208M | 241M | 366M | 350M | 332M | 242M | 0 |
| Op. Margin | 261.9% | 250.6% | 311.7% | 312.6% | N/A | N/A | 207.7% | 237.1% | 337.9% | 360.8% | 336.9% | 243.8% | 0.0% |
| Net Income | 44M | 74M | 67M | 126M | 222M | 137M | -9.5M | 57M | 165M | 101M | 107M | 64M | 55M |
| Net Margin | 78.0% | 91.7% | 86.3% | 130.2% | N/A | N/A | -9.4% | 56.0% | 152.7% | 103.7% | 108.9% | 64.1% | 52.2% |
| Non-Recurring | 0 | 0 | 0 | 0 | 0 | 1.4M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | 3.8% | 5.6% | 10.5% | 16.6% | 34.3% | 45.0% | 75.5% | 55.5% | 39.6% | 29.8% | 32.2% | 16.2% | 0.0% |
| ROE | 4.5% | 9.1% | 7.4% | 11.4% | 16.5% | 9.4% | -0.6% | 3.7% | 10.9% | 6.6% | 7.0% | 4.2% | 3.8% |
| ROA | 1.0% | 1.3% | 1.2% | 2.2% | 3.6% | 2.1% | -0.2% | 1.0% | 2.8% | 1.8% | 2.1% | 1.3% | 1.0% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 209M | -38M | 338M | 12M | 200M | 183M | 112M | 80M | 107M | 181M | 134M | 87M | 108M |
| Free Cash Flow | 209M | -47M | 328M | 6.3M | 193M | 176M | 106M | 75M | 100M | 176M | 127M | 79M | 100M |
| Owner Earnings | 166M | -91M | 281M | -47M | 150M | 161M | 30M | 27M | 42M | 132M | 83M | 35M | 51M |
| CapEx | 0 | 8.4M | 11M | 5.6M | 7.8M | 7.6M | 6.1M | 4.9M | 6.9M | 4.4M | 6.5M | 8.3M | 8.2M |
| Maint. CapEx | 28M | 39M | 39M | 40M | 42M | 400K | 39M | 38M | 33M | 30M | 32M | 32M | 34M |
| Growth CapEx | N/A | 0 | 0 | 0 | 0 | 7.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 28M | 39M | 39M | 40M | 42M | 400K | 39M | 38M | 33M | 30M | 32M | 32M | 34M |
| CapEx/OCF | 2.5% | 20.6% | 3.1% | 47.1% | 3.9% | 4.1% | 5.5% | 6.1% | 6.5% | 2.4% | 4.9% | 9.6% | 7.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 40M | 67M | 100M | 123M | 145M | 119M | 101M | 107M | 116M | 118M | 117M | 117M |
| Dividend Yield | N/A | 12.7% | 19.8% | 13.6% | 12.4% | 12.5% | 27.4% | 10.4% | 9.2% | 11.4% | 9.7% | 9.2% | 9.5% |
| Share Buybacks | 0 | 994K | 4.7M | 2.6M | 0 | 637K | 3.0M | 9.0M | 7.9M | 2.5M | 6.5M | 12M | 23M |
| Buyback Yield | N/A | 0.4% | 0.7% | 0.3% | N/A | 0.0% | 0.7% | 0.9% | 0.7% | 0.2% | 0.5% | 0.9% | 1.9% |
| Stock-Based Comp | 14M | 14M | 18M | 19M | 8.8M | 22M | 43M | 15M | 32M | 19M | 19M | 20M | 23M |
| Debt Repayment | 31M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 4.1B | 839M | 871M | 92M | -381M | -1.0B | -1.4B | -768M | -478M | -334M | -731M | 545M | 683M |
| Cash & Equiv. | 76M | 109M | 45M | 77M | 68M | 58M | 1.3B | 549M | 609M | 1.0B | 1.3B | 38M | 33M |
| Long-Term Debt | 188M | 948M | 915M | 1.3B | 1.1B | 745M | 885M | 484M | 719M | 681M | 592M | 583M | 716M |
| Debt/Equity | 5.33 | 1.14 | 0.94 | 1.03 | 0.75 | 0.51 | 0.57 | 0.32 | 0.47 | 0.44 | 0.39 | 0.39 | 0.49 |
| Interest Coverage | 1.9 | 1.8 | 1.6 | 1.9 | 2.2 | 1.7 | 0.9 | 1.3 | 1.9 | 1.4 | 1.5 | 1.4 | 1.4 |
| Equity | 785M | 828M | 971M | 1.2B | 1.4B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.5B | 1.4B |
| Total Assets | 5.8B | 5.9B | 5.6B | 6.0B | 6.3B | 6.7B | 5.9B | 5.9B | 6.0B | 5.5B | 4.8B | 5.2B | 5.6B |
| Total Liabilities | 4.3B | 4.4B | 4.1B | 4.5B | 4.6B | 5.0B | 4.3B | 4.3B | 4.4B | 4.0B | 3.3B | 3.7B | 4.2B |
| Intangibles | 108M | 107M | 107M | 129M | 104M | 98M | 91M | 79M | 65M | 61M | 51M | 52M | 52M |
| Retained Earnings | 44M | 61M | -11M | -39M | 11M | -36M | -164M | -208M | -177M | -198M | -207M | -260M | -287M |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 45M |
| Per Share Data | |||||||||||||
| EPS | 0.86 | 1.42 | 1.06 | 1.13 | 1.84 | 1.15 | -0.13 | 0.45 | 1.13 | 0.81 | 0.86 | 0.51 | 0.00 |
| Owner EPS | 3.23 | -1.75 | 4.47 | -0.42 | 1.24 | 1.35 | 0.41 | 0.21 | 0.29 | 1.06 | 0.66 | 0.28 | 0.40 |
| Book Value | 15.29 | 15.93 | 15.43 | 11.09 | 12.00 | 12.24 | 21.21 | 11.92 | 10.48 | 12.36 | 12.29 | 11.88 | 11.48 |
| Cash Flow/Share | 4.06 | -0.74 | 5.38 | 0.11 | 1.66 | 1.54 | 1.54 | 0.63 | 0.73 | 1.46 | 1.07 | 0.70 | 0.70 |
| Dividends/Share | 0.00 | 0.77 | 1.29 | 1.22 | 1.02 | 1.21 | 1.63 | 0.80 | 0.73 | 0.94 | 0.94 | 0.94 | 0.93 |
| Shares Out. | 51.4M | 52.0M | 63.0M | 111.4M | 120.5M | 119.1M | 72.8M | 126.4M | 146.3M | 124.1M | 124.9M | 124.9M | 126.0M |
| Valuation | |||||||||||||
| P/E Ratio | 8.3 | 3.6 | 5.9 | 6.1 | 4.7 | 9.4 | N/A | 18.5 | 6.6 | 11.9 | 11.6 | 21.3 | N/A |
| P/FCF | 1.8 | N/A | 1.2 | 121.4 | 5.4 | 7.4 | 4.3 | 14.1 | 10.9 | 6.8 | 9.8 | 17.2 | 12.4 |
| EV/EBIT | 1.5 | N/A | 18.8 | N/A | 9.5 | 12.8 | 10.4 | 17.3 | 11.2 | 8.4 | 5.2 | 19.8 | N/A |
| Price/Book | 0.5 | 0.3 | 0.7 | 0.6 | 0.7 | 0.9 | 0.3 | 0.7 | 0.7 | 0.8 | 0.8 | 0.9 | 0.9 |
| Price/Sales | 6.0 | 3.9 | 7.5 | 8.2 | N/A | N/A | 4.3 | 9.5 | 10.8 | 10.5 | 12.3 | 12.8 | 11.7 |
| FCF Yield | 57.1% | -17.4% | 49.1% | 0.8% | 18.6% | 13.6% | 23.1% | 7.1% | 9.2% | 14.7% | 10.2% | 5.8% | 8.1% |
| Market Cap | 366M | 268M | 668M | 770M | 1.0B | 1.3B | 457M | 1.1B | 1.1B | 1.2B | 1.2B | 1.4B | 1.2B |
| Avg. Price | 6.61 | 6.07 | 5.39 | 6.62 | 8.24 | 9.68 | 5.97 | 7.62 | 7.99 | 8.20 | 9.69 | 10.21 | 9.77 |
| Year-End Price | 7.11 | 5.15 | 6.22 | 6.91 | 8.59 | 10.86 | 6.28 | 8.33 | 7.43 | 9.65 | 9.95 | 10.84 | 9.77 |
Ladder Capital Corp passes 3 of 9 quality checks, indicating weak fundamentals.
Ladder Capital Corp trades at 19.2x trailing earnings, compared to its 15-year median P/E of 9.4x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 15.5x vs a median of 7.4x. The company's 5-year average ROIC is 34.6% with a gross margin of 15.8%. Total shareholder yield (dividends + buybacks) is 11.4%. At current prices, the estimated annualized return to fair value is -7.0%.
Ladder Capital Corp (LADR) has a net profit margin of 64.1%. This is a strong margin indicating high profitability.
Ladder Capital Corp (LADR) generated $79 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Ladder Capital Corp (LADR) has a debt-to-equity ratio of 0.39. This indicates a conservatively financed balance sheet.
Ladder Capital Corp (LADR) reported earnings per share (EPS) of $0.51 in its most recent fiscal year.
Ladder Capital Corp (LADR) has a return on equity (ROE) of 4.2%. This indicates moderate shareholder returns.
Ladder Capital Corp (LADR) has a 5-year average gross margin of 15.8%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for Ladder Capital Corp (LADR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Ladder Capital Corp (LADR) has a book value per share of $11.88, based on its most recent annual SEC filing.
No recent press releases.