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Jun 30, 2024
Ladder Capital Q2 2024 Earnings Report
Ladder Capital's second quarter results were announced, demonstrating strong returns with low leverage and a large cash position.
Key Takeaways
Ladder Capital Corp reported GAAP income before taxes of $31.0 million and diluted EPS of $0.26 for the quarter ended June 30, 2024. Distributable earnings were $40.4 million, or $0.31 of distributable EPS. The company had $5.0 billion in assets as of June 30, 2024.
Generated strong returns with low leverage and a large cash position.
Executed seventh unsecured corporate bond issuance.
Received positive actions from all three rating agencies, moving closer to an investment grade credit rating.
Well-positioned to capitalize on investment opportunities with a strengthened balance sheet.
Forward Guidance
The company did not include any explicit forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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