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Mar 31, 2024
Ladder Capital Q1 2024 Earnings Report
Reported operating results for the quarter ended March 31, 2024.
Key Takeaways
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.
Forward Guidance
Ladder Capital is navigating the current credit cycle, increased global tensions, heightened market volatility, and persistently high interest rates.
Positive Outlook
- Strong liquidity position
- Low leverage
- Disciplined approach to credit
- Well-positioned to capitalize on market opportunities
- Poised to capitalize on market opportunities
Challenges Ahead
- 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
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Avg. Return Before/After Earnings
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