Ladder Cap Corp Stock Price, News & Analysis

Ladder Capital Corp (NYSE: LADR) is set to announce its first quarter 2023 financial results on April 27, 2023, after market close. A conference call will follow at 5:00 p.m. Eastern Time for investor discussions. To participate, dial (844) 826-3035 (domestic) or (412) 317-5195 (international). A replay of the call will be available from 8:00 p.m. Eastern Time on the same date until May 11, 2023. The conference call can also be accessed via webcast on the Investor Relations website. Ladder, founded in 2008, specializes in commercial real estate investments with assets totaling $6.0 billion as of December 31, 2022.

Franklin BSP Realty Trust (NYSE: FBRT) has appointed Michael Comparato as its new President, effective immediately. Comparato, previously a managing director at Benefit Street Partners, has extensive experience in commercial real estate. He will oversee day-to-day operations, including loan originations and investments, continuing from his leadership at BSP. Richard J. Byrne retains his roles as Chairman and CEO. Comparato's appointment is expected to enhance long-term stockholder value through his significant expertise in the industry, as emphasized by both Byrne and Tom Gahan, CEO of BSP.

Ladder Capital Corp (NYSE: LADR) announced the filing of a new universal shelf registration statement on Form S-3 with the SEC, replacing its expired registration from March 16, 2020. The company does not currently plan any securities offering, but it aims for investment grade debt ratings. However, no assurance is given that it will achieve this rating or issue securities under the New Shelf. Ladder emphasized its focus on preserving shareholder capital and producing attractive returns, managing $6.0 billion in assets as of December 31, 2022. The company specializes in senior secured assets and offers flexible capital solutions in commercial real estate.

Ladder Capital Corp (NYSE: LADR) declared a first quarter 2023 dividend of $0.23 per share, payable on April 17, 2023, to stockholders of record as of March 31, 2023. The company's assets were valued at $6.0 billion as of December 31, 2022. Ladder's focus is on preserving shareholder capital while providing risk-adjusted returns, specializing in senior secured assets. Founded in 2008, the company operates commercial real estate and offers flexible capital solutions. Investors can expect a stable income source from the declared dividend, reinforcing management’s commitment to shareholders.

Ladder Capital Corp (NYSE: LADR) reported strong operating results for Q4 2022, with GAAP income before taxes of $75.3 million and diluted EPS of $0.48. For the full year, GAAP income reached $170.2 million, with diluted EPS at $1.13. Distributable earnings for Q4 were $38.9 million ($0.31 per share), totaling $148.4 million ($1.16 per share) for the year. CEO Brian Harris emphasized the company’s double-digit growth in earnings and dividends, strong credit performance, and favorable positioning for 2023 with significant liquidity and low leverage. A conference call scheduled for February 9, 2023, will discuss these results further.