YouTube · Q3 2026 · 2026-10-20
LADR · NYSE
Ladder Capital Corp
REIT - Mortgage · United States
USD 9.281.3% daily changeQuote 2026-11-02 · USD
- Market cap (USD)
- US$1.17B
- Trailing P/E
- 11.60x
- Forward P/E
- 8.66x
- Quarterly revenue growth
- 96.4%
- Trailing net margin
- 36.2%
- Indicated dividend yield
- 9.9%
Snapshot 2026-11-03 · Latest financial period 2026-09-30 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.
Company background
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 and acquires balance sheet loans that provide interim financing to borrowers seeking short-term capital for the acquisition or transition of commercial real estate; originates conduit loans, which are first mortgage loans on commercial real estate properties for sale in commercial mortgage-backed securities securitizations; and invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. Its Securities segment invests in CMBS, U.S. Agency securities, corporate bonds, equity securities, and U.S. Treasury securities that are not classified as cash and cash equivalents. The Real Estate segment engages in net leased properties, other diversified real estate, and investments in unconsolidated ventures. 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. Ladder Capital Corp was founded in 2008 and is headquartered in New York, New York.
Company websiteQ3 FY2026
Go beyond the headline.
LADR Stock: Earnings Jumped. How Much Can Repeat? — Q3 FY2026
Published 2026-10-16
Short takes Q3 FY2026
LADR Stock: The Gain Inside Dividend Coverage — Q3 FY2026 #Shorts
Watch Short on YouTube
Q3 FY2026 REPORT HIGHLIGHTS
What’s changed for LADR
Separate Ladder Capital’s property-sale gain from repeatable dividend capacity, reconcile interest presentation and test book value against funding risk.
Reported coverage needs context.
$0.35 DE EPS exceeds the $0.23 dividend but includes a large property realization.
The sale was not fully excluded.
$30.691m remains in distributable earnings after the depreciation reversal.
Compare like with like.
September NII after real-estate interest is $23.041m, only about 2% above original June.
Funding supports the assets.
Debt, restricted cash and securities have different economic roles.
Book discount is not proof of safety.
The $9 anchor is near the dated price and depends on credit and dividend durability.
Comparable businesses
LADR peer comparison
Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.
| Metric | LADRLadder Capital CorpSnapshot 2026-11-03Financial period: 2026-09-30 | AGNCAGNC Investment Corp.Snapshot 2026-11-03Financial period: 2026-09-30 | NLYAnnaly Capital Management, Inc.Snapshot 2026-11-03Financial period: 2026-09-30 |
|---|---|---|---|
| Market capMarket value, converted to USD | US$1.17B | US$11.07B | US$14.57B |
| Forward P/EProvider forward earnings estimate | 8.66x | 6.02x | 5.90x |
| EV / EBITDAEnterprise value / trailing EBITDA | — | — | — |
| Revenue growthLatest quarter vs prior-year quarter | 96.4% | — | — |
| Operating marginLatest reported quarter | 59.5% | 102.1% | 107.3% |
| Free cash flow yieldTrailing cash flow / market cap | — | — | — |
| Net debt / EBITDANet debt / trailing EBITDA | — | — | — |
| Debt / equityTotal debt / positive book equity | 2.98x | 8.42x | 8.03x |
| Trailing P/ETrailing twelve-month earnings | 11.60x | 434.50x | 12.66x |
| Price / bookPrice / positive book equity per share | 0.80x | 1.14x | 1.04x |
| EV / salesEnterprise value / trailing revenue | 20.09x | 361.26x | 102.30x |
| Earnings growthLatest quarter vs prior-year quarter | 253.3% | — | — |
| Gross marginTrailing twelve months | 74.0% | 100.0% | 95.1% |
| Net marginTrailing twelve months | 36.2% | 43.6% | 80.3% |
| Return on equityProvider trailing return; positive equity only | 6.7% | 0.9% | 7.4% |
| Free cash flow marginTrailing free cash flow / revenue | — | — | — |
| Dividend yieldIndicated annual dividend / price | 9.9% | 16.6% | 16.2% |
| Earnings payoutProvider trailing dividend payout | 116.5% | 7,200.0% | 201.4% |
| Current ratioCurrent assets / current liabilities | 3.08x | 0.22x | 0.62x |
| BetaProvider historical market sensitivity | 1.00 | 1.38 | 1.31 |
YouTube · Q3 2026 · 2026-10-20
YouTube · Q3 2026 · 2026-10-21
Comparison methodology & limitations
Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.
Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.
Reported performance
Financial trends
Periods are grouped by their ending calendar year or quarter, not identical fiscal calendars. Exact period-end dates appear in tooltips and reported figures. When reporting currencies differ and a recent captured FX rate is available, money and EPS are normalized to USD for comparison. This is not a historical FX restatement. Gaps are not estimated.
Financial statements load separately from the research page.
Source: . Window ends at the latest available reporting period.
Revenue
Reported figures
Financial data & calculation notes
Standalone charts use the stated reporting currency. When a chart comparison spans currencies, money and EPS can be normalized to USD using a recent captured FX snapshot; this is for comparison only, not a historical FX restatement. Stock-based compensation is noncash. Free cash flow is operating cash flow less capital spending, which may include capitalized software. Missing metrics are not estimated or assumed to be zero. Banking and insurance ratios require industry-specific interpretation. Latest restatements may differ from figures in older episodes.
Market context
Valuation & price history
Adjusted closing price
Price history loads separately.
Price figures
Earnings-multiple scenario
Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.
Starting assumptions, when available, use provider forward estimates as of 2026-11-03. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.
THE RESEARCH RECORD
Research history for LADR
Q3 FY20262026-10-16
FREE RESEARCH PACKET · Q3 FY2026
LADR: Earnings jumped. How much can repeat?
Separate Ladder Capital’s property-sale gain from repeatable dividend capacity, reconcile interest presentation and test book value against funding risk.
Research published October 16, 2026 · Download original report
Read Research PacketLADR Stock: Earnings Jumped. How Much Can Repeat? — Q3 FY2026
Presentation · 2026-10-16 · YouTube
Short takes Q3 FY2026
LADR Stock: The Gain Inside Dividend Coverage — Q3 FY2026 #Shorts
Watch Short on YouTube