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Jun 30, 2020
Ladder Capital Q2 2020 Earnings Report
Ladder Capital reported a GAAP loss and focused on strengthening its balance sheet by reducing debt and increasing cash reserves.
Key Takeaways
Ladder Capital Corp reported a GAAP loss before taxes of $5.7 million for the quarter ended June 30, 2020. The company focused on strengthening its balance sheet by reducing its debt by $727.5 million and increasing its cash reserves to $826.1 million.
GAAP loss before taxes was $5.7 million.
Diluted loss per share was $0.04.
Core earnings were $12.8 million, or $0.12 of core EPS.
Debt was reduced by $727.5 million, and cash reserves ended the quarter at $826.1 million.
Forward Guidance
Ladder Capital believes it is now well-positioned to take advantage of emerging opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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