Ladder Capital Q3 GAAP pre-tax income $34.3M; distributable EPS $0.31

Ladder Capital Corp

2023-Q3 EPS reported $0.66

GAAP diluted EPS $0.25; distributable earnings $39.0M or $0.31 per share.
CEO says distributable earnings comfortably cover quarterly cash dividend.
Floating-rate asset base with long-term fixed-rate liabilities supports net interest margins.
Loan payoffs add to ample liquidity; company maintains modest leverage.
Q3 2023 results detailed in supplemental presentation at ir.laddercapital.com.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ladder Capital Corp reported quarter ended September 30, 2023 results: net income 39.0 million, EPS 0.31.

Period: quarter ended September 30, 2023
Net income: 39.0 million
EPS: 0.31
Result: reported results

Exact text from the filing

GAAP income before taxes for the three months ended September 30, 2023 was $34.3 million, and diluted earnings per share (“EPS”) was $0.25.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ladder Capital Corp reported quarter ended September 30, 2023 results: net income 39.0 million, EPS 0.31.

Period: quarter ended September 30, 2023
Net income: 39.0 million
EPS: 0.31
Result: reported results

Exact text from the filing

Distributable earnings was $39.0 million, or $0.31 of distributable EPS.

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Source: SEC EDGAR

accession 0001157523-23-001556

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