Latest news with #LadderCapitalCorp
Yahoo
27-05-2025
- Business
- Yahoo
Ladder Achieves Second Investment Grade Credit Rating
NEW YORK, May 27, 2025--(BUSINESS WIRE)--Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE: LADR), a leading commercial real estate finance REIT, announced today that the Company received an investment grade rating from Moody's Ratings ("Moody's"). Moody's has assigned a Baa3 issuer rating to Ladder Capital Corp and upgraded the backed senior unsecured rating of Ladder Capital Finance Holdings LLLP to Baa3 from Ba1, issuing a stable outlook for both entities. This upgrade follows Ladder's investment grade rating from Fitch Ratings ("Fitch") on May 21, 2025, when the Company became the only commercial mortgage REIT to achieve an investment grade rating. "We are proud to receive a credit rating upgrade from Moody's, following last week's upgrade from Fitch. These two investment grade ratings enhance our financial flexibility and improve our borrowing cost - both in the debt capital markets and on our recently upsized revolving credit facility. We stand apart from our peers as the only company in our space to hold investment grade ratings," said Brian Harris, Ladder's Chief Executive Officer. "This distinction further strengthens Ladder's autonomy and ability to operate independently of third-party financing, enabling us to move quickly and decisively to deliver unmatched certainty of execution and customized capital solutions to our clients. With our disciplined lending, conservative leverage, and consistent performance across market cycles, we are well positioned to capitalize on future opportunities." Due to these two investment grade ratings, the interest spread on Ladder's $850 million unsecured revolving credit facility decreases to 125 basis points. Factors cited by Moody's in Ladder's ratings upgrade include the Company's strong funding and liquidity, solid capitalization, history of good and less volatile profitability compared to peers since our 2008 inception, and strong credit results that reflect our strong risk management culture and highly experienced management team. About Ladder Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $4.5 billion of assets, our investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns. Since 2008, we have invested over $47 billion in debt and equity, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. We also own and operate commercial real estate, including net leased commercial properties, and we invest in investment grade securities secured by first mortgage loans on commercial real estate. We are internally-managed and members of our management team and board of directors collectively own more than 11% of Ladder's equity, making them the Company's largest shareholder and aligning their interests closely with fellow stakeholders. Since our founding, their vision has been to support the Company's investment platform with a conservative and durable capital structure. Our industry-leading credit ratings reflect this differentiated financing strategy. Ladder is headquartered in New York City with a regional office in Miami, Florida. All amounts in this section are as of March 31, 2025. View source version on Contacts Investor ContactLadder Investor Relations(917) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-05-2025
- Business
- Business Wire
Ladder Achieves Second Investment Grade Credit Rating
NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp ('Ladder,' the 'Company,' 'we' or 'our') (NYSE: LADR), a leading commercial real estate finance REIT, announced today that the Company received an investment grade rating from Moody's Ratings ("Moody's"). Moody's has assigned a Baa3 issuer rating to Ladder Capital Corp and upgraded the backed senior unsecured rating of Ladder Capital Finance Holdings LLLP to Baa3 from Ba1, issuing a stable outlook for both entities. This upgrade follows Ladder's investment grade rating from Fitch Ratings ('Fitch') on May 21, 2025, when the Company became the only commercial mortgage REIT to achieve an investment grade rating. 'We are proud to receive a credit rating upgrade from Moody's, following last week's upgrade from Fitch. These two investment grade ratings enhance our financial flexibility and improve our borrowing cost - both in the debt capital markets and on our recently upsized revolving credit facility. We stand apart from our peers as the only company in our space to hold investment grade ratings,' said Brian Harris, Ladder's Chief Executive Officer. 'This distinction further strengthens Ladder's autonomy and ability to operate independently of third-party financing, enabling us to move quickly and decisively to deliver unmatched certainty of execution and customized capital solutions to our clients. With our disciplined lending, conservative leverage, and consistent performance across market cycles, we are well positioned to capitalize on future opportunities.' Due to these two investment grade ratings, the interest spread on Ladder's $850 million unsecured revolving credit facility decreases to 125 basis points. Factors cited by Moody's in Ladder's ratings upgrade include the Company's strong funding and liquidity, solid capitalization, history of good and less volatile profitability compared to peers since our 2008 inception, and strong credit results that reflect our strong risk management culture and highly experienced management team. About Ladder Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $4.5 billion of assets, our investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns. Since 2008, we have invested over $47 billion in debt and equity, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. We also own and operate commercial real estate, including net leased commercial properties, and we invest in investment grade securities secured by first mortgage loans on commercial real estate. We are internally-managed and members of our management team and board of directors collectively own more than 11% of Ladder's equity, making them the Company's largest shareholder and aligning their interests closely with fellow stakeholders. Since our founding, their vision has been to support the Company's investment platform with a conservative and durable capital structure. Our industry-leading credit ratings reflect this differentiated financing strategy. Ladder is headquartered in New York City with a regional office in Miami, Florida. All amounts in this section are as of March 31, 2025.
Yahoo
01-05-2025
- Business
- Yahoo
Ladder Capital Corp Just Missed Earnings - But Analysts Have Updated Their Models
As you might know, Ladder Capital Corp (NYSE:LADR) last week released its latest first-quarter, and things did not turn out so great for shareholders. It looks like quite a negative result overall, with both revenues and earnings falling well short of analyst predictions. Revenues of US$51m missed by 14%, and statutory earnings per share of US$0.09 fell short of forecasts by 20%. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. We've gathered the most recent statutory forecasts to see whether the analysts have changed their earnings models, following these results. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. Taking into account the latest results, the current consensus, from the four analysts covering Ladder Capital, is for revenues of US$251.9m in 2025. This implies a measurable 2.8% reduction in Ladder Capital's revenue over the past 12 months. Statutory earnings per share are predicted to accumulate 2.8% to US$0.83. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$269.5m and earnings per share (EPS) of US$0.71 in 2025. While revenue forecasts have been revised downwards, the analysts look to have become more optimistic on the company's cost base, given the solid gain to to the earnings per share numbers. Check out our latest analysis for Ladder Capital The consensus has made no major changes to the price target of US$12.67, suggesting the forecast improvement in earnings is expected to offset the decline in revenues next year. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Ladder Capital analyst has a price target of US$14.00 per share, while the most pessimistic values it at US$11.00. The narrow spread of estimates could suggest that the business' future is relatively easy to value, or thatthe analysts have a strong view on its prospects. Taking a look at the bigger picture now, one of the ways we can understand these forecasts is to see how they compare to both past performance and industry growth estimates. These estimates imply that revenue is expected to slow, with a forecast annualised decline of 3.7% by the end of 2025. This indicates a significant reduction from annual growth of 12% over the last five years. Compare this with our data, which suggests that other companies in the same industry are, in aggregate, expected to see their revenue grow 15% per year. So although its revenues are forecast to shrink, this cloud does not come with a silver lining - Ladder Capital is expected to lag the wider industry. The biggest takeaway for us is the consensus earnings per share upgrade, which suggests a clear improvement in sentiment around Ladder Capital's earnings potential next year. On the negative side, they also downgraded their revenue estimates, and forecasts imply they will perform worse than the wider industry. Even so, long term profitability is more important for the value creation process. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates. Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. We have estimates - from multiple Ladder Capital analysts - going out to 2026, and you can see them free on our platform here. We don't want to rain on the parade too much, but we did also find 2 warning signs for Ladder Capital that you need to be mindful of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
29-03-2025
- Business
- Yahoo
Ladder Capital (LADR) Among the Most Undervalued REIT Stocks to Invest In Now
We recently published a list of . In this article, we are going to take a look at where Ladder Capital Corp (NYSE:LADR) stands against other most undervalued REIT stocks to invest in now. According to the National Association of Realtors, sales of previously owned homes in February increased 4.2% from January while they were 1.2% lower year-over-year. Home buyers are slowly moving into the market although mortgage rates have not changed much. Although the market is still tight, it is witnessing more inventory and choices, with the inventory at February end standing at 1.24 million units thereby representing a 17% rise year-over-year. The tight supply is still driving home prices up since the median price of a home sold in the month of February was 3.8% higher, as compared to last year. Lawrence Yun, NAR's chief economist, previously appeared on CNBC to give insights on the state of the housing market. In his opinion, if inflation comes down due to deregulation policies despite the tariff conditions or more home construction occurs with the federal government opening up for more development, the market might see lower mortgage rates along with the Fed rate cut. Simultaneously, the Federal Reserve decided to hold the interest rates steady amidst uncertainties around tariffs. Logan Mohtashami, HousingWire lead analyst, thinks the cure for tariffs is lower mortgage rates. In an interview with CNBC, he said that if mortgage rates go down and new home sales start to grow, the builder would find a way to sell homes and build homes. Although builder sentiment has recently fallen considering their profit margins are stressed amidst tariffs, this sentiment tends to increase with rates going down. In order to compile a list of the 10 most undervalued REIT stocks to invest in now, we first used a stock screener to shortlist REIT stocks trading at a forward P/E of less than 15, as of March 25. From this list, we selected the top 10 stocks with the highest number of hedge fund holders, as of Q4 2024. The 10 most undervalued REIT stocks to invest in now have been arranged in ascending order of the number of hedge funds that disclosed stakes in them at the end of Q4 2024. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A skyline view of real estate properties, reflecting the power of the company's real estate investments. Ladder Capital Corp (NYSE:LADR) is an internally managed commercial real estate investment trust. The firm originates and invests in a diverse portfolio of commercial real estate and real estate-related assets. Ladder's primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. In the commercial mortgage REIT space, Ladder sets itself apart through its conservative investment approach and credit underwriting expertise. Ladder Capital Corp (NYSE:LADR) serves as a leader in commercial real estate finance with a particular emphasis on the middle market. This middle market focus has worked out for the REIT as evident from its most recent quarterly results. Ladder Capital Corp (NYSE:LADR) received $1.7 billion in proceeds from loan payoffs for the full year 2024 across 61 loan positions, representing the highest annual payoffs in the REIT's history. Brian Harris, Ladder's Chief Executive Officer, emphasized the robustness of this middle market strategy, stating: 'In the fourth quarter, Ladder generated strong earnings and dividend coverage. Throughout 2024, our middle market by choice business model continued to demonstrate success, as we received a significant amount of loan payoffs and our credit performed well overall. ' Overall, LADR ranks 5th on our list of most undervalued REIT stocks to invest in now. While we acknowledge the potential of LADR as an investment, our conviction lies in the belief that some deeply undervalued AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued AI stock that is more promising than LADR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: and . Disclosure: None. This article is originally published at . Sign in to access your portfolio
Associated Press
14-03-2025
- Business
- Associated Press
Ladder Capital Corp Announces First Quarter 2025 Dividend to Holders of Class A Common Stock
Ladder Capital Corp ('Ladder' or the 'Company') (NYSE: LADR) today announced the declaration by its board of directors of a first quarter 2025 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on April 15, 2025 to stockholders of record as of the close of business on March 31, 2025. About Ladder Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $4.8 billion of assets, our investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns. Since 2008, we have invested over $46 billion in debt and equity, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. We also own and operate commercial real estate, including net leased commercial properties, and we invest in investment grade securities secured by first mortgage loans on commercial real estate. We are internally-managed and members of our management team and board of directors collectively own more than 11% of Ladder's equity, making them the Company's largest shareholder and aligning their interests closely with fellow stakeholders. Since our founding, their vision has been to support the Company's investment platform with a conservative and durable capital structure. Our industry-leading credit ratings reflect this differentiated financing strategy. Ladder is headquartered in New York City with a regional office in Miami, Florida. All amounts in this section are as of December 31, 2024. Forward-Looking Statements Certain statements in this release may constitute 'forward-looking' statements. These statements are based on management's current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Ladder believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results on the Company's business. There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading 'Risk Factors' in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, as well as its consolidated financial statements, related notes, and other financial information appearing therein, and its other filings with the U.S. Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Ladder expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or changes in events, conditions, or circumstances on which any such statement is based. SOURCE: Ladder Capital Corp Copyright Business Wire 2025. PUB: 03/14/2025 08:15 AM/DISC: 03/14/2025 08:17 AM
