Ladder Capital Corp (LADR)
Stock Price:
$9.55 USD
0.06 (0.63%)
Updated December 2, 4:00 PM EST - Market closed
Key Info
| Market Cap |
1.15B |
| Revenue (ttm) |
186.19M |
| Net Income (ttm) |
37.92M |
| Shares Out |
117.48M |
| EPS (ttm) |
0.35 |
| PE Ratio |
27.29 |
| Forward PE |
9.83 |
| Dividend |
$0.80 |
| Dividend Yield |
8.38% |
Stock Quote
| Trading Day |
December 2 |
| Last Price |
$9.55 |
| Previous Close |
$9.49 |
| Change ($) |
0.06 |
| Change (%) |
0.63% |
| Day's Open |
9.50 |
| Day's Range |
9.43 - 9.78 |
| Day's Volume |
871,620 |
| 52-Week Range |
3.24 - 17.63 |
More Stats
| Market Cap |
1.15B |
| Enterprise Value |
4.95B |
| Earnings Date (est) |
n/a |
| Ex-Dividend Date |
Sep 9, 2020 |
| Shares Outstanding |
117.48M |
| Float |
n/a |
| EPS (basic) |
0.34 |
| EPS (diluted) |
0.35 |
| FCF / Share |
2.14 |
| Dividend |
$0.80 |
| Dividend Yield |
8.38% |
| Earnings Yield |
3.66% |
| FCF Yield |
21.93% |
| Payout Ratio |
317.60% |
| Shares Short |
1.67M |
| Short Ratio |
1.52 |
| Short % of Float |
n/a |
| Beta |
2.42 |
| PE Ratio |
27.29 |
| Forward PE |
9.83 |
| P/FCF Ratio |
4.56 |
| PS Ratio |
6.17 |
| PB Ratio |
0.77 |
| Revenue |
186.19M |
| Operating Income |
43.93M |
| Net Income |
37.92M |
| Free Cash Flow |
251.85M |
| Net Cash |
-3.80B |
| Net Cash / Share |
-31.57 |
| Gross Margin |
150.81% |
| Operating Margin |
23.60% |
| Profit Margin |
20.40% |
| FCF Margin |
135.27% |
| ROA |
0.73% |
| ROE |
3.01% |
| ROIC |
0.30% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Forecasts
Analyst Ratings (6)
| Buy |
4 |
| Overweight |
0 |
| Hold |
1 |
| Underweight |
0 |
| Sell |
1 |
Analyst Consensus: Overweight
Price Target
$9.75*
(2.09% upside)
Low
7.00
Current: $9.55
High
11.50
Target: 9.75
*Average 12-month price target from 6 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|
| Revenue | 298 | 387 | 304 | 279 | 329 | 298 | 314 | 248 | 110 |
| Revenue Growth | -23% | 27.28% | 9.14% | -15.3% | 10.24% | -4.98% | 26.43% | 126.12% | - |
| Gross Profit | 298 | 387 | 304 | 279 | 329 | 298 | 314 | 248 | 110 |
| Operating Income | 140 | 228 | 134 | 120 | 161 | 124 | 192 | 172 | 73.24 |
| Net Income | 123 | 180 | 95.28 | 66.73 | 73.82 | 31.56 | 190 | 169 | 71.72 |
| Shares Outstanding | 105 | 97.23 | 81.90 | 62.00 | 51.70 | 49.30 | 97.15 | - | - |
| Earnings Per Share | 1.15 | 1.84 | 1.13 | 1.06 | 1.42 | 0.86 | - | - | - |
| EPS Growth | -37.5% | 62.83% | 6.6% | -25.35% | 65.12% | - | - | - | - |
| Dividend Per Share | 1.36 | 1.54 | 1.22 | 1.29 | 2.23 | - | - | - | - |
| Dividend Growth | -11.4% | 26.34% | -5.45% | -42.25% | - | - | - | - | - |
| Operating Cash Flow | 183 | 200 | 11.99 | 338 | -38.31 | 209 | 475 | -116 | 340 |
| Capital Expenditures | -15.70 | 26.52 | -213 | -0.18 | -107 | -136 | -252 | -353 | -5.19 |
| Free Cash Flow | 168 | 227 | -201 | 338 | -146 | 72.43 | 223 | -469 | 335 |
| Cash & Equivalents | 356 | 98.45 | 183 | 89.43 | 109 | 76.22 | 78.74 | 45.18 | - |
| Total Debt | 4,860 | 4,454 | 4,382 | 3,946 | 4,280 | 4,196 | 2,222 | 1,506 | - |
| Net Cash / Debt | -4,504 | -4,355 | -4,200 | -3,856 | -4,171 | -4,120 | -2,143 | -1,461 | - |
| Assets | 6,669 | 6,273 | 6,026 | 5,578 | 5,895 | 5,814 | 3,489 | 2,629 | - |
| Liabilities | 5,030 | 4,629 | 4,537 | 4,069 | 4,404 | 4,309 | 2,304 | 1,531 | - |
| Book Value | 1,458 | 1,445 | 1,235 | 971 | 828 | 785 | 1,176 | 1,098 | - |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
Ladder Capital Corp |
| Country |
United States |
| Employees |
60 |
| CEO |
Brian Harris |
Stock Information
| Ticker Symbol |
LADR |
| Stock Exchange |
NYSE |
| Sector |
Real Estate |
| Industry |
REIT-Mortgage |
| Unique Identifier |
NYSE: LADR |
| IPO Date |
February 6, 2014 |
Description
Ladder Capital Corp operates as a real estate investment trust in the United States. The company operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities and the U.S. Agency Securities. This segment also invests in corporate bonds and real estate related equity investments. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, such as leased properties, student housing portfolio, industrial buildings, office buildings, shopping center, and condominium units. 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. The company was founded in 2008 and is headquartered in New York, New York.