- Ladder Capital Corp (LADR, Financial) reports $10.7 million GAAP income before taxes for Q1 2025.
- Distributable earnings reach $25.5 million, or $0.20 per share for the period.
- Board authorizes $100 million repurchase of Class A common stock.
Ladder Capital Corp (LADR) announced its financial results for the first quarter of 2025, recording a GAAP income before taxes of $10.7 million. The diluted earnings per share for the quarter stood at $0.09. The company achieved distributable earnings of $25.5 million, translating to a distributable EPS of $0.20.
In an effort to enhance shareholder value, Ladder's board of directors authorized the repurchase of $100 million of its Class A common stock, effective April 23, 2025. This new authorization increases the remaining repurchase capacity from $66.8 million to $100 million.
"We are pleased with our first quarter results and the overall strength of Ladder's balance sheet," said Brian Harris, CEO of Ladder Capital Corp. The company reported a continued increase in loan origination, surpassing loan payoffs in the first quarter, supported by a strong liquidity position permitting further investment opportunities.
Ladder Capital Corp, a leading diversified commercial real estate finance platform, maintains a focus on originating fixed and floating rate first mortgage loans. As of March 31, 2025, the company holds $4.5 billion in assets under management.
The company will conduct a conference call on April 24, 2025, to further discuss these results. Interested parties can access the call via Ladder's Investor Relations website.
