Monitor the Q3 2026 earnings release for loan portfolio growth trajectory and credit quality trends, particularly given the stable allowance despite portfolio expansion. The maintained $0.23 dividend and stable book value suggest a steady income stream, but the in-line quarter offers no near-term catalyst.
Price Chart
Executive Summary
Ladder Capital Corp reported Q2 2026 distributable EPS of $0.24, in line with consensus estimates of $0.24, and distributable earnings of $30.8M, up from $28.0M in Q1 2026. GAAP net income improved sharply to $14.6M ($0.12 diluted EPS) from $2.6M in Q1, driven by higher net interest income, real estate operating income, and lower compensation costs. The sequential improvement in distributable earnings and after-tax ROAE (8.3% vs 7.5% in Q1) confirms stable credit performance and operational momentum, but the in-line quarter provides no new catalyst for the stock.
Key Financial Metrics
Key Facts
- Distributable EPS of $0.24 matched consensus of $0.24.
- Distributable earnings of $30.8M, up 10% sequentially from $28.0M in Q1 2026.
- GAAP net income attributable to common shareholders of $14.6M ($0.12 diluted EPS) vs $2.6M ($0.02) in Q1 2026.
- After-tax distributable ROAE improved to 8.3% from 7.5% in Q1 2026.
- Quarterly dividend maintained at $0.23 per share.
- Loan portfolio grew to $2.79B from $2.22B at year-end 2025, with total assets flat at $5.61B.
- Credit quality stable: allowance for credit losses essentially unchanged at $47.1M.
- S&P Global Ratings assigned a positive outlook (BB+ rating), while Moody's and Fitch maintain stable outlooks.
Financial Impact
In-line quarter with modest sequential improvement; no material financial impact expected.
Risk Factors
- Commercial real estate credit deterioration could increase allowance for credit losses.
- Rising interest rates may compress net interest margin and reduce securities portfolio values.
- Competition for loan origination could pressure origination volumes and spreads.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001577670-26-000032 |
| Document: ladr-20260723.htm | 0001577670-26-000032 |
| Document: 0001577670-26-000032-index-headers.html | 0001577670-26-000032 |
| Document: 0001577670-26-000032-index.html | 0001577670-26-000032 |
| Document: 0001577670-26-000032.txt | 0001577670-26-000032 |
| 8-K Data (Synthetic) | 0001577670-26-000032 |
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% | $9.35 (+2.63%) |
Jul 23, 2026 13w ago | 8-K | $9.54 $9.70 | ▲ +1.68% | ▲ +1.20% | $9.35 (−1.99%) |
Jun 2, 2026 21w ago | 144 | $10.00 $10.31 | ▲ +3.10% | ▲ +6.92% | $9.35 (−6.50%) |
May 29, 2026 21w ago | 144 | $10.22 $10.00 | ▼ −2.15% | ▼ −1.86% | $9.35 (−8.51%) |
Apr 23, 2026 26w ago | 8-K | $10.45 $10.25 | ▲ +1.91% | ▲ +3.39% | $9.35 (+10.53%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers