NYSE$LADR
Ladder Capital Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported operating results for the quarter ended March 31, 2024.
Ladder Capital Corp reported GAAP income before taxes of $18.4 million and diluted earnings per share of $0.13 for the quarter ended March 31, 2024. Distributable earnings were $42.3 million, or $0.33 of distributable EPS. The board of directors authorized the repurchase of $75.0 million of the Company’s Class A common stock.
- GAAP income before taxes for the three months ended March 31, 2024 was $18.4 million.
- Diluted earnings per share (EPS) was $0.13.
- Distributable earnings was $42.3 million, or $0.33 of distributable EPS.
- Board authorized the repurchase of $75.0 million of the Company’s Class A common stock.
Headline financials
Revenue & EPS history
Ladder Capital · Revenue · Quarterly
$37.1M
Revenue by segment
Ladder Capital · $25M total across 2 segments · Q1 2023
- Real Estate Operating Income$23.2M—92.7%
- Fee and Other Income$1.83M—7.3%
Forward guidance
Ladder Capital is navigating the current credit cycle, increased global tensions, heightened market volatility, and persistently high interest rates.
Tailwinds
- Strong liquidity position
- Low leverage
- Disciplined approach to credit
- Well-positioned to capitalize on market opportunities
- Poised to capitalize on market opportunities
Headwinds
- Current credit cycle
- Increased global tensions
- Heightened market volatility
- Persistently high interest rates
- Impossible to anticipate all factors that could affect actual results on the Company's business.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.7%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.9%
Avg return
30 days after
64%
32 / 50 earnings
Positive
+9.9%
Q4 2015
Best reaction
-13.1%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.0% | +2.2% | -1.4% | |
| Q4 2025 | -6.5% | -6.1% | -7.4% | |
| Q3 2025 | +0.5% | -1.8% | -2.6% | |
| Q2 2025 | -1.1% | -1.2% | +2.3% | |
| Q1 2025 | +0.4% | +2.4% | +0.8% | |
| Q4 2024 | +4.3% | +4.5% | +4.2% | |
| Q3 2024 | +2.8% | +2.4% | +6.7% | |
| Q2 2024 | +3.0% | +3.4% | +1.4% | |
| Q1 2024 | +4.8% | +2.2% | +5.0% | |
| Q4 2023 | +0.9% | -3.8% | +3.4% | |
| Q3 2023 | +3.9% | +10.5% | +20.8% | |
| Q2 2023 | -2.6% | -3.1% | -7.6% | |
| Q1 2023 | +4.5% | +1.9% | +7.0% | |
| Q4 2022 | +3.4% | +4.7% | -9.5% | |
| Q3 2022 | +3.8% | +6.9% | +9.0% | |
| Q2 2022 | +2.7% | -2.2% | -1.4% | |
| Q1 2022 | -3.8% | -4.0% | -2.1% | |
| Q4 2021 | -1.9% | -0.3% | -1.8% | |
| Q3 2021 | +2.4% | +2.4% | -1.6% | |
| Q2 2021 | +0.7% | -3.7% | +1.0% | |
| Q1 2021 | +3.2% | -1.6% | +3.5% | |
| Q4 2020 | -2.1% | -0.6% | +1.5% | |
| Q3 2020 | +7.4% | +10.6% | +39.0% | |
| Q2 2020 | +1.0% | -2.3% | +1.0% | |
| Q1 2020 | +0.3% | +7.3% | +19.7% | |
| Q4 2019 | -13.1% | -7.6% | -62.1% | |
| Q3 2019 | -0.1% | -0.4% | +4.3% | |
| Q2 2019 | -0.5% | -3.4% | -1.3% | |
| Q1 2019 | -6.9% | -6.5% | -6.9% | |
| Q4 2018 | +0.2% | -1.7% | -7.1% | |
| Q3 2018 | +1.7% | +2.9% | +4.8% | |
| Q2 2018 | +4.4% | +4.9% | +9.7% | |
| Q1 2018 | +0.1% | +3.1% | +12.7% | |
| Q4 2017 | -0.3% | +1.2% | +1.8% | |
| Q3 2017 | +1.0% | -0.4% | +0.0% | |
| Q2 2017 | +3.0% | +2.3% | +4.9% | |
| Q1 2017 | -0.8% | -2.9% | -3.0% | |
| Q4 2016 | +0.0% | +3.8% | +3.0% | |
| Q3 2016 | +4.4% | +5.1% | +17.9% | |
| Q2 2016 | +0.5% | +2.2% | +5.5% | |
| Q1 2016 | +1.0% | — | — | |
| Q4 2015 | +9.9% | — | — | |
| Q3 2015 | -4.8% | — | — | |
| Q2 2015 | +4.0% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | -5.4% | — | — | |
| Q3 2014 | -0.3% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | +2.3% | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — | |
| Q4 2012 | — | — | — | |
| Q3 2012 | — | — | — |
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