Ladder Capital Corp reported GAAP income before taxes of $75.3 million and diluted earnings per share of $0.48 for the quarter ended December 31, 2022. Distributable earnings were $38.9 million, or $0.31 of distributable EPS. The company's CEO, Brian Harris, expressed optimism about the company's position to capitalize on opportunities in 2023, citing significant liquidity, low leverage, and an attractive cost of capital.
GAAP income before taxes for Q4 2022 was $75.3 million.
Diluted earnings per share for Q4 2022 was $0.48.
Distributable earnings for Q4 2022 was $38.9 million, or $0.31 of distributable EPS.
The company had $6.0 billion of assets as of December 31, 2022.
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