NYSE$LADR

Ladder Capital Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ladder Capital Corp reported positive results for Q4 2021, driven by loan originations.

Ladder Capital Corp reported GAAP income before taxes of $29.3 million and diluted EPS of $0.22 for the quarter ended December 31, 2021. Distributable earnings were $27.7 million, or $0.21 of distributable EPS. The company is well-positioned to benefit from the expected higher interest rate environment.

  • GAAP income before taxes for Q4 2021 was $29.3 million.
  • Diluted earnings per share (EPS) was $0.22 for Q4 2021.
  • Distributable earnings were $27.7 million, or $0.21 of distributable EPS.
  • Originated $1.3 billion in loans.

Headline financials

Total Revenue

$59.8M

Previous: $26.5M+125.2%
EPS (adj)

$0.21

Previous: $0.05+320.0%
Net Income

$27.1M

Previous: -$11.6M+333.7%
Operating Income

$29.3M

No prior period
Cash & Equivalents

$549M

Previous: $1.25B-56.3%
Total Assets

$5.85B

Previous: $5.88B-0.5%
Stock-Based Comp

$3.43M

Previous: $21.8M-84.3%

Revenue & EPS history

Ladder Capital · Revenue · Quarterly

$59.8M

Q4 2021+125.2%vs Q4 2020
Beat estimate in 1 of 16 quarters(6%)
ActualEstimate

Revenue by segment

Ladder Capital · $3.89M total across 3 segments · Q4 2021

  • Fee and Other Income
    $2.77M
  • Net Result from Derivative Transactions
    $747K
  • Earnings (Loss) from Investment in Unconsolidated Ventures
    $373K

Forward guidance

Company is well positioned to benefit from the expected higher interest rate environment, with liability structure anchored by fixed rate unsecured corporate bonds.

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 Q4 2021

Historical avgQ4 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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