NYSE$LADR

Ladder Capital Corp · Q4 2024 earnings

Q4 2024 earnings · · Before market open · Investor relations

Briefing

Reported strong earnings and dividend coverage in the fourth quarter, with a middle market business model demonstrating success through loan payoffs and credit performance.

Ladder Capital Corp reported GAAP income before taxes of $33.0 million and diluted EPS of $0.25 for Q4 2024. Distributable earnings were $33.6 million, or $0.27 of distributable EPS. The company's low leverage and robust liquidity position enable a focus on new investment opportunities in 2025.

  • Generated strong earnings and dividend coverage in Q4.
  • Middle market business model continued to demonstrate success.
  • Received a significant amount of loan payoffs.
  • Credit performed well overall.

Headline financials

Total Revenue

$107M

Previous: $121M-11.6%
EPS (adj)

$0.27

Previous: $0.32-15.6%
Distributable Earnings

$154M

No prior period
Distributable EPS prior to charge-off

$1.25

No prior period
After-tax Distributable ROAE

9.9%

No prior period
Capital Expenditures

-$1.65M

No prior period
Net Income

$31.3M

Previous: $19M+64.7%
Operating Income

$33M

Previous: $18.4M+80.0%

Revenue & EPS history

Ladder Capital · Revenue · Quarterly

$107M

Q4 2024-11.6%vs Q4 2023
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Ladder Capital · $25M total across 2 segments · Q1 2023

  • Real Estate Operating Income
    $23.2M
  • Fee and Other Income
    $1.83M

Forward guidance

Ladder Capital's low leverage and robust liquidity position, which includes an upsized $850 million corporate revolving credit facility, enable the company to focus on new investment opportunities as 2025 begins.

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 2024

Historical avgQ4 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

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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