Ladder Capital posts Q2 distributable EPS $0.31; GAAP EPS $0.26

Ladder Capital Corp

2024-Q2 EPS reported $0.39

Q2 distributable earnings $40.4M ($0.31/share); GAAP pretax income $31.0M ($0.26 diluted EPS).
CEO Brian Harris cites strong returns, low leverage, and a large cash position.
Seventh unsecured corporate bond issuance completed; all three rating agencies took positive actions toward investment grade.
Supplemental presentation posted at ir.laddercapital.com; conference call July 25 at 10 a.m. ET.

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