earnings
confidence high
sentiment positive
materiality 0.72
Ladder Capital Q1 2024: GAAP EPS $0.13, distributable EPS $0.33; $75M buyback authorized
Ladder Capital Corp
2024-Q1 EPS reported
$0.13
- GAAP pretax income $18.4M, diluted EPS $0.13 for Q1 2024.
- Distributable earnings of $42.3M, or $0.33 distributable EPS.
- Board authorized $75M share repurchase, up from $43.6M remaining under prior authorization.
- CEO cites strong liquidity, low leverage, and disciplined credit approach amid market volatility.