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Ladder Capital Corp

LADR Real Estate Reit Mortgage

In the quarter to June 2026, revenue grew 4.91%, EPS fell 14.3%, free cash flow fell 9.50% and total debt rose 43.9%, each against the same quarter a year earlier. Dividend growth for five consecutive years; insiders bought in the last twelve months.

9.11 0.29 +3.29%
Market cap
$1.1B
P/E
21.7×
Fwd P/E
19.0×
Dividend yield
10.1%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.05
Total sells 0.36
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — 1 — — — — — — — —
Sell — — — — — — 1 — — — — —
Insider Ownership 11.21%

Capital & Financial Ratios $m

Market Cap 1,120.00
Revenue 95.72
Net Income 52.20
Free Cash Flow 95.42
Net Debt 3,950.53
Current Ratio 44.15
Debt/Equity 2.81
P/E ratio 21.69
Fwd P/E 19.00
P/S ratio 11.87 (above 10: high)
P/B ratio 0.80
Past 5Y EPS Growth —
This Y EPS Growth 25.17% (at or above 15%: strong)
Next Y EPS Growth 5.30%
Next Y revenue growth 166.26% (at or above 10%: strong)
Next 5Y EPS Growth 11.36%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 53.1×, against a ten-year median of 43.6×; over the ten years it ranged from −742× in 2021 to 591× in 2022.
P/E against its own 10 years 81.33%
10-year low 10-year high
P/S against its own 10 years 61.63%
10-year low 10-year high
P/B against its own 10 years 30.63%
10-year low 10-year high
EV/Sales against its own 10 years 79.35%
10-year low 10-year high
EV/FCF against its own 10 years 87.23%
10-year low 10-year high

Dividends

Payout Ratio 2.19
Annual Dividend Rate 0.92
Annual Dividend Yield 10.10%
total individual payouts
2027 Powerpack
2026 0.92
0.23
0.23
0.23
2025 0.92
0.23
0.23
0.23
0.23
2024 0.92
0.23
0.23
0.23
0.23
2023 0.92
0.23
0.23
0.23
0.23
2022 0.88
0.20
0.22
0.23
0.23
2021 0.80
0.20
0.20
0.20
0.20
2020 0.94
0.34
0.20
0.20
0.20
2019 1.36
0.34
0.34
0.34
0.34
2018 0.97
0.32
0.33
0.33
0.23
2017 1.22
0.30
0.30
0.30
0.32
2016 1.34
0.28
0.28
0.28
0.35
0.16
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 1,031 1,336 53 54
Receivables 24 13 16 17
Inventory — — — —
Other — — — —
4,194 2,915 2,267 2,842
2023 2024 2025 Q'26
Payables — — — —
ST’ Debt — — — —
Other — — — —
65 75 76 64

Compound Annual Growth %

10y 5y 3y
Sales (3.27%) 49.36% (2.06%)
Cash Flow 0.00% (4.91%) (6.57%)
Earnings (1.39%) 0.00% (23.30%)
Book Value (0.07%) (0.88%) (1.15%)

Revenue $m

Mar Jun Sep Dec Year
’26 23 23 — — —
’25 20 22 28 22 92
’24 37 34 38 27 137
’23 43 40 39 40 162
’22 9 23 29 37 98
’21 (7) (8) (3) 11 —
’20 21 (6) (2) (1) 12
Fiscal quarters ending in the months shown.
value withheld pending a data check

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (8) 39 — — —
’25 (29) 44 26 45 87
’24 (20) 45 169 (60) 134
’23 111 (67) 78 58 181
’22 (30) 44 38 54 107
’21 (44) 34 36 54 80
’20 (41) 85 45 24 112
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (9) 39 — — —
’25 (17) 43 26 39 92
’24 (22) 92 176 (17) 229
’23 111 (68) 90 57 189
’22 49 125 (123) 358 409
’21 (1) 228 141 (122) 245
’20 (37) 84 95 24 165
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.02 0.12 — — —
’25 0.09 0.14 0.15 0.13 0.51
’24 0.13 0.26 0.22 0.25 0.86
’23 0.18 0.23 0.25 0.15 0.81
’22 0.15 0.28 0.23 0.48 1.13
’21 0.00 0.08 0.15 0.22 0.45
’20 (0.15) (0.04) 0.14 (0.10) (0.13)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 8.64 12.83 13.42 15.24 2.65 9.26 8.67 8.76 10.10 9.68

Analyst estimates 2026–2028

Powerpack
High 15.53 15.23 17.96 18.82 18.97 12.65 12.70 12.00 12.48 11.92
People
People Employees 69 72 74 76 58 65 63 59 54 60
Revenue/emp, $m 1.67 1.63 2.03 1.66 0.21 (0.11) 1.55 2.75 2.54 1.53
Income, $m
Income, $m Revenue 116 118 151 126 12 — 98 162 137 92
Gross margin, % 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
EBT 120 134 228 140 (19) 58 170 105 111 67
EBT margin, % 103.89 113.65 151.68 110.93 (155.53) (844.10) 173.83 64.58 80.89 73.05
Net income 114 126 222 137 (9) 57 165 101 107 64
Depreciation 61 59 42 51 82 58 56 38 44 49
Per share, $
Per share, $ Revenue 1.86 1.44 1.55 1.19 0.11 (0.06) 0.79 1.30 1.09 0.73
Earnings 1.08 1.16 1.85 1.16 (0.13) 0.46 1.14 0.81 0.86 0.51
Cash flow 5.46 0.15 2.06 1.74 1.00 0.64 0.86 1.45 1.07 0.69
Capex 0.00 (2.60) 0.27 (15.56) 0.47 1.34 2.43 0.07 0.75 0.04
Free cash flow 5.45 (2.46) 2.33 (13.83) 1.47 1.98 3.29 1.52 1.82 0.73
Book value 24.35 18.17 16.91 15.54 13.77 12.23 12.34 12.29 12.21 11.81
Shares, m 62 82 97 105 112 124 124 125 126 125
Valuation, ×
Valuation, × P/E 13.69 13.65 8.32 15.55 0.00 26.64 8.96 14.04 13.01 21.55
P/S 7.57 9.41 9.99 15.11 88.84 0.00 12.97 8.74 10.25 14.99
P/B 0.58 0.74 0.92 1.16 0.71 0.98 0.83 0.93 0.92 0.93
EV/Sales 40.91 45.12 38.92 50.89 325.25 (741.91) 49.60 25.71 23.38 52.59
EV/FCF 13.98 (26.34) 25.89 (4.39) 24.35 20.73 11.87 22.04 14.03 53.41
Cash, $m
Cash, $m Operating cash flow 338 12 200 183 112 80 107 181 134 87
Capex 0 (213) 26 (1,641) 53 165 302 9 95 5
Free cash flow 338 (201) 226 (1,458) 165 245 409 189 229 92
Balance, $m
Balance, $m Working capital 2,401 3,658 3,526 3,663 3,600 4,117 4,509 4,129 2,840 2,191
Total debt 3,942 4,380 4,453 4,860 4,210 4,220 4,246 3,784 3,136 3,510
Net debt 3,853 4,197 4,354 4,504 2,926 3,598 3,586 2,753 1,800 3,458
Shareholders’ equity 1,510 1,488 1,644 1,639 1,548 1,514 1,534 1,532 1,533 1,481
Returns, %
Returns, % ROA 1.16 1.64 2.93 1.90 (0.23) 0.96 2.41 1.76 2.09 1.28
ROIC 0.44 0.54 0.93 0.79 (0.72) (0.20) 0.42 1.22 1.30 0.59
ROE 4.45 6.36 11.50 7.47 (0.91) 3.69 9.33 6.60 7.06 4.26
Negative figures in brackets.
value withheld pending a data check

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Ladder Capital Corp vs peers in Reit Mortgage (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
ARR ARMOUR Residential REIT, Inc. $1.9B 3.5× 8.3× +45.88% (above 0%: growing) n/m +741.92% (above 0%: growing) 100.00% 93.50% Compare
BXMT Blackstone Mortgage Trust, Inc. $1.8B 117× 22.4× −3.29% (below 0%: shrinking) n/m +3.93% (above 0%: growing) 78.86% 71.19% Compare
EFC Ellington Financial Inc. $1.5B 7.1× 6.4× +47.95% (above 0%: growing) −4.44% (below 0%: shrinking) +108.89% (above 0%: growing) 95.69% 125.46% Compare
LADR Ladder Capital Corp $1.1B 21.7× 19.0× +4.91% (above 0%: growing) −14.29% (below 0%: shrinking) −9.50% (below 0%: shrinking) 100.00% 60.88%
ORC Orchid Island Capital, Inc. $1.0B 3.4× 8.9× +77.91% (above 0%: growing) n/m +342.48% (above 0%: growing) 100.00% 117.80% Compare
ARI Apollo Commercial Real Estate Finance $824.0M 8.0× 31.6× −37.40% (below 0%: shrinking) −8.33% (below 0%: shrinking) −20.13% (below 0%: shrinking) 91.99% 16.46% Compare
CIM Chimera Investment Corporation $715.7M — (loss-making) 16.4× +10.10% (above 0%: growing) n/m −4,466.16% (below 0%: shrinking) 100.00% 1.81% Compare
ADAM Adamas Trust, Inc. $700.2M 4.5× 9.5× +23.77% (above 0%: growing) n/m +171.68% (above 0%: growing) 26.87% 30.52% Compare
MFA MFA Financial, Inc. $677.3M 6.5× 10.1× +4.48% (above 0%: growing) +59.09% (above 0%: growing) +162.56% (above 0%: growing) 100.00% 78.90% Compare
Median of peers $922.0M 6.5× 9.8× +16.94% −4.44% +135.73% 97.85% 75.05%

All 37 Reit Mortgage stocks →

Ladder Capital Corp (LADR) key facts

  • Concern: Net income was $63.7 million, or $0.51 per share (basic), a net margin of 69.8%.
  • Ladder Capital Corp (LADR) is a Reit Mortgage company in the Real Estate sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, LADR traded at $9.11, a market capitalization of $1.1 billion.
  • At that price the stock trades at 21.7× trailing-twelve-month earnings and 11.9× sales; its P/E is higher than 81% of its own readings over the past ten years.
  • Ladder Capital Corp pays an annual dividend of $0.92 per share, a yield of 10.1%.
  • Return on equity was 4.26% and debt-to-equity 2.81.
  • Its Piotroski F-score is 4 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Ladder Capital Corp (LADR) Latest News

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stockrow.com/LADR · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com