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Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities, U.S. treasury and agency, corporate bonds, and equity securities. The Real Estate segment owns and leases in commercial properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2008 and is headquartered in New York, New York.
Future Prospects | Discover analysts' projections for LADR, with price targets ranging from $13.00 to $13.50, despite challenges in maintaining earnings and dividend coverage |
Market Performance | Learn how LADR outperformed the mortgage REIT index by 801 basis points and broader REIT coverage by 116 basis points since early 2024 |
Financial Fortitude | Delve into LADR's strong balance sheet, low leverage ratio, and impressive current ratio of 10.68x, positioning it for potential investment-grade rating |
Conservative Approach | Explore Ladder Capital's resilient strategy in commercial real estate finance, managing $5.5 billion in assets with a focus on senior secured investments |
Metrics to compare | LADR | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipLADRPeersSector | |
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P/E Ratio | 13.8x | 10.5x | 9.5x | |
PEG Ratio | 1.76 | 0.01 | 0.03 | |
Price / Book | 0.9x | 0.6x | 1.0x | |
Price / LTM Sales | 5.5x | 4.4x | 2.8x | |
Upside (Analyst Target) | 16.4% | 19.2% | 9.5% | |
Fair Value Upside | Unlock | 22.0% | 1.5% | Unlock |