Commercial real estate lender Ladder Capital's Q3 pretax profit surges quarter-on-quarter
LADR•Ladder Capital's Q3 pretax profit rose to $67.3 million from $16.3 million in Q2, with EPS of $0.53 and distributable EPS of $0.35.
1. Quarterly results
Ladder Capital reported Q3 pretax profit of $67.3 million, up from $16.3 million in Q2. Q3 EPS was $0.53 and distributable EPS was $0.35.
2. Investments and asset sale
The company made more than $700 million in new loan and securities investments during the quarter and realized a gain on the sale of a net lease office asset in Jacksonville, Florida.
