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Stock impact report

Ladder Capital Corp Reports Results for the Quarter and Year Ended December 31, 2023 [Yahoo! Finance]

Ladder Capital Corp Class A (LADR) 
Last ladder capital corp class a earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.laddercapital.com
Company Research Source: Yahoo! Finance
GAAP income before taxes for the three months ended December 31, 2023 was $18.4 million, and diluted earnings per share ("EPS") was $0.15. Distributable earnings was $40.0 million, or $0.32 of distributable EPS. GAAP income before taxes for the year ended December 31, 2023 was $104.7 million, and diluted earnings per share ("EPS") was $0.81. Distributable earnings was $167.7 million, or $1.34 of distributable EPS. "2023 was another positive year for Ladder, as we generated both double-digit earnings growth and returns on equity with a smaller asset base and lower leverage than the previous year. With $1.3 billion of liquidity and our unique liability structure anchored by long-term, fixed-rate, unsecured corporate bonds, we remain well-positioned to capitalize on new investment opportunities." said Brian Harris, Ladder's Chief Executive Officer. Supplemental The Company issued a supplemental presentation detailing its fourth quarter and full year 2023 operating results, which ca Show less Read more
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