XNYS
LADR
Market cap1.38bUSD
May 13, Last price
10.77USD
1D
0.94%
1Q
-6.51%
Jan 2017
-21.50%
IPO
-37.75%
Name
Ladder Capital Corp
Chart & Performance
Profile
The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate. The Securities segment invests in commercial mortgage-backed securities and the U.S. Agency Securities. This segment also invests in corporate bonds and equity securities. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties, such as leased properties, office buildings, student housing portfolios, hotels, industrial buildings, shopping center, and condominium units. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ladder Capital Corp was founded in 2008 and is headquartered in New York, New York.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | 277,478 9.46% | 253,496 -25.37% | 339,660 102.77% | |||||||
Cost of revenue | 60,671 | 127,355 | 114,441 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | 216,807 | 126,141 | 225,219 | |||||||
NOPBT Margin | 78.13% | 49.76% | 66.31% | |||||||
Operating Taxes | 3,448 | 4,244 | 4,909 | |||||||
Tax Rate | 1.59% | 3.36% | 2.18% | |||||||
NOPAT | 213,359 | 121,897 | 220,310 | |||||||
Net income | 108,255 7.05% | 101,125 -28.89% | 142,217 151.61% | |||||||
Dividends | (117,710) | (116,419) | (107,011) | |||||||
Dividend yield | 8.36% | 8.10% | 8.47% | |||||||
Proceeds from repurchase of equity | (6,532) | (2,481) | (5,666) | |||||||
BB yield | 0.46% | 0.17% | 0.45% | |||||||
Debt | ||||||||||
Debt current | 327,395 | |||||||||
Long-term debt | 3,072,879 | 3,217,341 | 4,260,874 | |||||||
Deferred revenue | 4,415,212 | |||||||||
Other long-term liabilities | (20,001) | (4,245,697) | ||||||||
Net debt | 648,636 | 1,709,253 | 3,379,234 | |||||||
Cash flow | ||||||||||
Cash from operating activities | 133,921 | 180,604 | 106,710 | |||||||
CAPEX | (6,949) | |||||||||
Cash from investing activities | 932,761 | 793,503 | 81,590 | |||||||
Cash from financing activities | (796,586) | (557,766) | (150,244) | |||||||
FCF | 213,359 | (113,718) | 565,384 | |||||||
Balance | ||||||||||
Cash | 1,323,481 | 1,015,678 | 615,297 | |||||||
Long term investments | 1,100,762 | 492,410 | 593,738 | |||||||
Excess cash | 2,410,369 | 1,495,413 | 1,192,052 | |||||||
Stockholders' equity | (213,704) | (212,551) | (197,672) | |||||||
Invested Capital | 5,026,939 | 5,595,496 | 5,892,149 | |||||||
ROIC | 4.02% | 2.12% | 3.50% | |||||||
ROCE | 4.50% | 2.34% | 3.95% | |||||||
EV | ||||||||||
Common stock shares outstanding | 125,785 | 124,882 | 125,824 | |||||||
Price | 11.19 -2.78% | 11.51 14.64% | 10.04 -16.26% | |||||||
Market cap | 1,407,537 -2.08% | 1,437,396 13.78% | 1,263,270 -15.42% | |||||||
EV | 2,054,082 | 3,145,699 | 4,642,719 | |||||||
EBITDA | 247,434 | 154,258 | 256,129 | |||||||
EV/EBITDA | 8.30 | 20.39 | 18.13 | |||||||
Interest | 221,537 | 245,097 | 195,602 | |||||||
Interest/NOPBT | 102.18% | 194.30% | 86.85% |