Ladr.K

Ladder Capital Corp maintains a capital structure characterized by total assets of $5.15 billion and total liabilities of $3.67 billion, resulting in total equity of $1.48 billion. The valuation snapshot reports a debt-to-equity ratio of 0.0, which appears anomalous given the liability-to-equity ratio of approximately 2.47 derived from the balance sheet line items. Liquidity is assessed as low, supported by cash and equivalents of $37.95 million against total assets, indicating limited immediate liquid reserves relative to the asset base.

Profitability metrics show a return on equity of 3.54% and a return on assets of 1.02% for the latest normalized period. Net income stands at $63.70 million, while operating cash flow is recorded at $87.02 million, suggesting that cash generation exceeds reported net earnings, likely due to non-cash accounting adjustments common in REIT structures. Without cohort median data, these returns cannot be directly benchmarked against sector peers, but the low ROA is consistent with the high leverage typical of mortgage REITs.

Segment and geographic revenue mix data are absent from the available input, preventing a detailed analysis of revenue concentration or regional exposure. The company’s activity is broadly defined as Equity REITs within the Mortgage REITs industry, implying a focus on mortgage-backed securities or similar fixed-income real estate assets rather than direct property ownership.

Historical period data for revenue and net income trends are not provided, limiting the ability to assess growth trajectory or cyclicality. The current financial snapshot represents a single point in time, and without multi-year or quarterly historical data, long-term performance trends remain unquantified in this analysis.

Risk assessment highlights low liquidity and unknown dilution risk, with a key flag noting that basic and diluted share counts are missing, preventing a precise evaluation of share count stability. The absence of share count data also complicates the calculation of per-share metrics and the assessment of potential dilution from equity issuances or convertible instruments.

Recent observations include analyst estimates with a mean price target of $12.14 and a median target of $12.50, indicating a potential upside from the current market price of $9.81. The mean recommendation of 1.71 suggests a bullish sentiment among analysts, with three strong-buy and three buy ratings versus one hold. News events reflect internal reconciler activities related to coverage closure and analysis job queuing, rather than external corporate actions or market-moving disclosures.

Revenue $113.3M, +16,2% YoY; Operating income −21,7% YoY.

• ▍Revenue $113.3M, +16,2% YoY
• ▍Operating income −21,7% YoY
• ▍Net income −14,4% YoY
• ▍Free cash flow −19,5% YoY
• ▍Net margin 13.1%

Revenue $103.1M, +8,6% YoY; Operating income −70,4% YoY.

• ▍Revenue $103.1M, +8,6% YoY
• ▍Operating income −70,4% YoY
• ▍Net income −77,9% YoY
• ▍Free cash flow −60,5% YoY
• ▍Net margin 2.5%

Revenue $96.2M, −19,5% YoY; Operating income −53,0% YoY.

• ▍Revenue $96.2M, −19,5% YoY
• ▍Operating income −53,0% YoY
• ▍Net income −49,4% YoY
• ▍Free cash flow −146,3% YoY
• ▍Net margin 16.5%

Revenue $101.5M, −21,1% YoY; Operating income −29,3% YoY.

• ▍Revenue $101.5M, −21,1% YoY
• ▍Operating income −29,3% YoY
• ▍Net income −31,2% YoY
• ▍Free cash flow −121,1% YoY
• ▍Net margin 18.9%

Revenue $97.5M; Operating income $20.8M.

• ▍Revenue $97.5M
• ▍Operating income $20.8M
• ▍Net margin 17.8%

Revenue $94.9M; Operating income $10.7M.

• ▍Revenue $94.9M
• ▍Operating income $10.7M
• ▍Net margin 12.4%

Revenue $119.5M; Operating income $33.0M.

• ▍Revenue $119.5M
• ▍Operating income $33.0M
• ▍Net margin 26.3%

Revenue $128.6M; Operating income $28.5M.

• ▍Revenue $128.6M
• ▍Operating income $28.5M
• ▍Net margin 21.7%

Revenue $390.1M, −23,0% YoY; Operating income −39,4% YoY.

• ▍Revenue $390.1M, −23,0% YoY
• ▍Operating income −39,4% YoY
• ▍Net income −40,7% YoY
• ▍Free cash flow −198,4% YoY
• ▍Net margin 16.5%

Revenue $506.7M, −3,2% YoY; Operating income +5,9% YoY.

• ▍Revenue $506.7M, −3,2% YoY
• ▍Operating income +5,9% YoY
• ▍Net income +7,0% YoY
• ▍Free cash flow +57,6% YoY
• ▍Net margin 21.4%

Revenue $523.7M, −3,7% YoY; Operating income −38,5% YoY.

• ▍Revenue $523.7M, −3,7% YoY
• ▍Operating income −38,5% YoY
• ▍Net income −28,9% YoY
• ▍Free cash flow −84,6% YoY
• ▍Net margin 19.3%

Revenue $543.9M, +52,0% YoY; Operating income +194,4% YoY.

• ▍Revenue $543.9M, +52,0% YoY
• ▍Operating income +194,4% YoY
• ▍Net income +151,6% YoY
• ▍Free cash flow +445,7% YoY
• ▍Net margin 26.1%