Monitor the divergence between GAAP and distributable earnings; while distributable EPS met expectations, the significant GAAP miss suggests underlying profitability concerns. The share repurchase may provide near-term support, but fundamentals appear weakening.
Price Chart
Executive Summary
Ladder Capital reported Q1 2026 GAAP EPS of $0.02, missing consensus of $0.22, but distributable EPS of $0.22 matched expectations. The company highlighted strong loan origination volume and announced a $100 million share repurchase authorization.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS was $0.02, missing consensus of $0.22
- Distributable EPS was $0.22, matching consensus
- GAAP net income before taxes was $3.2 million vs $15.5 million in Q4 2025
- Board authorized $100 million share repurchase program
- Highest quarterly loan origination volume in four years
Financial Impact
GAAP earnings missed by 91% ($0.02 vs $0.22 estimate), but distributable earnings matched expectations
Risk Factors
- Significant decline in GAAP net income before taxes ($3.2M vs $15.5M in Q4)
- Potential deterioration in credit quality as allowance for credit losses increased
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001577670-26-000022 |
| Document: ladr-20260423.htm | 0001577670-26-000022 |
| Document: 0001577670-26-000022-index-headers.html | 0001577670-26-000022 |
| Document: 0001577670-26-000022-index.html | 0001577670-26-000022 |
| Document: 0001577670-26-000022.txt | 0001577670-26-000022 |
| 8-K Data (Synthetic) | 0001577670-26-000022 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 16, 2026 11d ago | 8-K | $9.11 $9.31 | ▲ +2.20% | ▲ +2.10% | $9.36 (+2.80%) |
Jul 23, 2026 13w ago | 8-K | $9.54 $9.70 | ▲ +1.68% | ▲ +1.20% | $9.36 (−1.83%) |
Jun 2, 2026 20w ago | 144 | $10.00 $10.31 | ▲ +3.10% | ▲ +6.92% | $9.36 (−6.35%) |
May 29, 2026 21w ago | 144 | $10.22 $10.00 | ▼ −2.15% | ▼ −1.86% | $9.36 (−8.37%) |
Apr 23, 2026 26w ago | 8-K | $10.45 $10.25 | ▲ +1.91% | ▲ +3.39% | $9.36 (+10.38%) |
US Market Status
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