Ladder Capital Corp reported third-quarter 2026 GAAP income before taxes of $67.3 million, or $0.53 per diluted share, up from the prior period’s level not disclosed in the release. Distributable earnings came to $44.7 million, or $0.35 per share, while distributable EPS before charge-off of allowance for credit losses was $0.38.
The company said it made more than $700 million of new loan and securities investments during the quarter. It also reported a meaningful gain from the sale of a net lease office asset and said book value increased.
Ladder ended the quarter with ample liquidity, according to management, and said its balance sheet is positioned to benefit from higher rates. The company also pointed to 13% insider ownership and said management and the board are its largest shareholder.
Since its founding in 2008, Ladder said it has deployed $53 billion of capital. It maintains ratings of Baa3 from Moody’s, BBB* from Fitch, and BB+ from S&P, with Moody’s and Fitch assigning stable outlooks and S&P a positive outlook. As a result of these announcements, the company's shares have moved 2.2% on the market, and are now trading at a price of $8.82. Check out the company's full 8-K submission here.
