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Jun 30, 2023
Ladder Capital Q2 2023 Earnings Report
Ladder Capital reported a strong quarter with double-digit return on equity and maintained strong dividend coverage.
Key Takeaways
Ladder Capital Corp reported GAAP income before taxes of $28.1 million and diluted earnings per share of $0.23 for the quarter ended June 30, 2023. Distributable earnings were $41.5 million, or $0.33 of distributable EPS.
Generated a double-digit return on equity.
Maintained strong dividend coverage.
Over 50% of assets are unencumbered.
Well-positioned to capitalize on opportunities in the sector in the second half of 2023 and into 2024.
Forward Guidance
Ladder Capital believes it is well-positioned to capitalize on opportunities expected in the sector in the second half of 2023 and into 2024 due to its unencumbered assets, low leverage, and robust liquidity.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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