Ladder Capital Corp Class A Common Stock (LADR)

FairStock Score: 33/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I set aside free cash flow, EV/EBITDA, Altman Z, and the Graham Number, because this is a financial company; leverage, credit, book value, and return on equity matter more. Ladder Capital is a small internally managed commercial mortgage REIT with only 60 employees. At the 2026-10-13 close of $8.74, FairStock calculated a P/B of 0.78, a P/E of 20.81, ROE of 3.57%, ROCE of 1.04%, D/E of 2.82, and a Piotroski F-score of 7/9. The FairStock score is 33/100, and the 9.76% dividend yield signals income but also risk. Earnings are uneven. In fiscal Q1 2026, the quarter ended 2026-03-31, net income was $2.6M and diluted EPS $0.02. In fiscal Q2 2026, the quarter ended 2026-06-30, net income improved to $14.6M and diluted EPS $0.12. In fiscal year 2025, the year ended 2025-12-31, net income was $63.7M and diluted EPS $0.51, down from fiscal year 2024, the year ended 2024-12-31, when net income was $107.4M and diluted EPS $0.86, though above fiscal year 2023, the year ended 2023-12-31, when net income was $100.5M and diluted EPS $0.81. The Lynch category is SLOW GROWER, based on profit compounding of 2.9% a year over four years. A mortgage REIT rarely has a wide moat; underwriting skill and funding access are the edge. The main missing pieces are bank-specific measures: CET1, net interest margin, and combined ratio are not in the data. So the stock looks cheap against book, but low ROE and high leverage mean I would want evidence of durable credit quality before calling it a bargain.

In plain English: Ladder Capital is a small real estate lender and investor. It makes loans secured by commercial property and also owns some property and securities. Its profits have been uneven and fell in 2025, while the stock trades below the value of its assets and pays a very high dividend. The price looks cheap on assets, but the weak profit return makes the business look only average at best.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer