Ladder Capital Corp (LADR) Stock

Ladder Capital Corp (LADR) is a Real Estate stock trading at $9.76 (as of 2026-07-24), with a market capitalization of $1.23B and a trailing P/E of 22.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

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.

Understand Ladder Capital Corp: how it makes money

Ladder Capital originates and invests in commercial real estate first mortgage loans and related structured finance products, and it also invests in commercial mortgage-backed securities and U.S. Agency securities, earning money from returns on its balance-sheet loan and securities portfolios.

Its profit model is driven by how effectively it deploys and manages a balance-sheet portfolio of commercial real estate loans plus related securities, where origination and funding must translate into sustainable income as loans pay down and deal structures mature or reprice.

Revenue by segment (latest quarter)
Loans$0.1B
Securities$0.0B

Business quality (Weak): We have a clear business split (loans, securities), but the segment revenue breakdown is incomplete in the provided facts, so the securities segment value is the residual after the two provided real-estate income line items.

Valuation: At 23× earnings, LADR trades 31% below the Trading average (34×). Note: one-time items can distort reported P/E.

Bull case

  • Two-part investment engine: The company operates both a Loans business (origination and balance-sheet investing in first mortgage loans and related structured finance) and a Securities business (commercial mortgage-backed securities and U.S. Agency securities).
  • Exposure to multiple CRE loan types: It originates and invests in loans secured by cash-flowing commercial real estate and also in properties undergoing transition, plus it invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products related to commercial real estate.

Bear case

  • Credit and property transition risk: A meaningful portion of activity involves commercial real estate loans, including properties undergoing lease-up, sell-out, renovation, or repositioning, which can increase uncertainty around collateral performance.
  • Portfolio size changes can shift earnings: The operating footprint includes origination, funding, and paydowns, so changes in loan activity or repayment rates can affect the pace at which income is generated from the balance sheet.
Valuation — source: SEC EDGAR (first-party)
Price$9.76
Market Cap$1.23B
P/E Ratio22.5
EV / EBITDA12.6
Price / Book0.85
Price / Sales4.44
DCF Value (model)$24.09
DCF Upside vs Price146.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$266.89M
Net Margin23.9%
Revenue Growth (YoY)15.4%
EPS Growth (YoY)-77.8%
Valuation vs Sector & Industry
Stock P/E22.5
Sector P/E (Real Estate)30.1
Industry P/E (Trading)34.8
vs Sector-25.3%
vs Industry-35.4%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVANGUARD GROUP INC ($121.63M)
Institutional Holders Tracked10
Company
SectorReal Estate
IndustryTrading
CEOBrian Richard Harris
Employees54
CountryUS
IPO Date2014-02-06

Related Companies (Business model: Equity REIT (Real Estate Investment Trust); 8 closest by market cap; US-domiciled)

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LADR earnings history · LADR institutional & insider holders · LADR KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.