LADR Earnings Prediction
The chart below shows how LADR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LADR sees a -2.70% change in stock price 10 days leading up to the earnings, and a +0.71% change 10 days following the report. On the earnings day itself, the stock moves by +1.91%. This data can give you a slight idea of what to expect for the next quarter's release.
LADR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
119.58M
-1.42%
-7.04%
Gross Margin
--
--
--
Operating Margin
27.69%
82.65%
25.18%
Net Margin
26.20%
67.09%
22.26%
EPS
0.25
66.67%
13.64%
No Data Available
LADR Earnings Analysis
Ladder Capital Corp Corporation (LADR.N) Earnings Conference Call
Positive
Distributable Earnings Overview: Ladder generated distributable earnings of $33.6 million or $0.27 per share in Q4 2024, achieving a return on equity of 8.9%.
Distributable Earnings Overview: For the full year 2024, distributable earnings totaled $153.9 million, delivering a 9.9% return on equity while maintaining low leverage and robust liquidity.
Credit Facility Expansion: Ladder extended its unsecured corporate revolving credit facility from $324 million to $850 million, enhancing liquidity to $2.2 billion, which includes $1.3 billion in cash and cash equivalents.
Record Loan Payoffs: The loan portfolio generated $1.7 billion in payoffs across 61 loan positions in 2024, marking the highest annual payoffs in Ladder’s history, with a weighted average yield of 9.3%.
Shareholder Value Enhancement: In 2024, Ladder repurchased $8 million of its common stock at a weighted average price of $11.31 per share, demonstrating a commitment to enhancing shareholder value.
Negative
Earnings Performance Shortfall: Ladder Capital Corp reported Q4 2024 EPS of $0.27, missing expectations of $0.29, indicating a shortfall in earnings performance.
Loan Portfolio Reduction: The company experienced a significant reduction in its loan portfolio, with a 50% decrease due to loan payoffs, which may impact future revenue generation.
Loan Origination Decline: In Q4 2024, Ladder originated only $129 million in loans, reflecting a decline in new loan originations compared to previous periods, which could hinder growth prospects.
Non-Accrual Loans Alert: Two loans totaling $77 million were on non-accrual status as of December 31, 2024, including a new $16 million loan added in Q4, signaling potential credit quality issues.
CECL Reserve Stability: The general CECL reserve remained unchanged at $52 million, indicating a lack of confidence in the macroeconomic environment and potential future losses in the loan portfolio.
LADR FAQs
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LADR Earning Call Sentiment
Ladder Capital Corp (NYSE:LADR) Q4 2024 Earnings Call Transcript
LADR.N
0.79%Positive
The company's earnings call presents a mixed picture. While there are positive aspects such as strong liquidity, a robust securities portfolio, and a commitment to shareholder returns through dividends and buybacks, there are also concerns. The economic environment, regulatory challenges, and loan portfolio risks are significant. The Q&A section reveals cautious optimism but also vague responses, indicating some uncertainty. Distributable earnings missed expectations, but liquidity and potential growth in loan originations provide a balance. Given these factors, a neutral sentiment is appropriate, reflecting potential stability but limited immediate upside.
