Ladder Capital Corp reported GAAP income before taxes of $33.0 million and diluted EPS of $0.25 for Q4 2024. Distributable earnings were $33.6 million, or $0.27 of distributable EPS. The company's low leverage and robust liquidity position enable a focus on new investment opportunities in 2025.
Generated strong earnings and dividend coverage in Q4.
Middle market business model continued to demonstrate success.
Received a significant amount of loan payoffs.
Credit performed well overall.
Ladder Capital's low leverage and robust liquidity position, which includes an upsized $850 million corporate revolving credit facility, enable the company to focus on new investment opportunities as 2025 begins.
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