NYSE$LADR
Ladder Capital Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported increased earnings momentum and grew floating rate loan portfolio.
Ladder Capital Corp reported GAAP income before taxes of $45.8 million and diluted earnings per share of $0.28 for the quarter ended June 30, 2022. Distributable earnings were $43.7 million, or $0.34 of distributable EPS.
- Increased earnings momentum driven by growth in the floating rate loan portfolio.
- Expect continued growth in net interest income due to Federal Reserve rate hikes.
- Successfully upsized, extended, and improved the borrowing cost on its revolving credit facility.
- Total assets of $5.8 billion as of June 30, 2022.
Headline financials
Revenue & EPS history
Ladder Capital · Revenue · Quarterly
$22.6M
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 expects to see continued growth in net interest income in the quarters ahead due to the Federal Reserve fighting inflation with aggressive rate hikes. With low leverage, and ample liquidity, the company is well positioned to capitalize on attractive investment opportunities.
Tailwinds
- Continued growth in net interest income expected.
- Federal Reserve rate hikes expected to contribute to earnings.
- Low leverage provides financial flexibility.
- Ample liquidity to capitalize on investment opportunities.
- Upsized and extended revolving credit facility.
Headwinds
- Impact and aftermath of the COVID-19 pandemic.
- Risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021.
- Uncertainties related to forward-looking statements.
- Difficult to predict the impact of known factors.
- Impossible to anticipate all factors that could affect actual results.
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 Q2 2022
+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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro