Ladder Capital Reports Strong Q4 Earnings, Exceeding Expectations
Ladder Capital Corp. (LADR) announced its fourth-quarter results today, reporting a net income of $31.4 million. Adjusted for stock option expenses, earnings per share (EPS) stood at 0.27, outperforming analysts' estimates of 0.26 EPS.
The New York-based company generated revenue of $119.5 million during the quarter, with adjusted revenue reaching $68.6 million. Ladder Capital also reported an annual profit of $108.3 million, equating to 0.86 EPS, on revenue of $285.3 million.