Ladder Capital's Q2 EPS rises on loan portfolio growth - LADR News | RalliesLadder Capital's Q2 EPS rises on loan portfolio growth
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LADR• Outlook
- The company did not provide specific guidance for future quarters or the full year in its press release.
Quarterly results
- U.S. commercial real estate lender's Q2 distributable EPS rose
- GAAP diluted EPS for Q2 was $0.12
- Company grew loan portfolio and distributable earnings, book value remained stable
Drivers of the result
- Loan portfolio growth — The company said growth in its loan portfolio contributed to higher distributable earnings.
- Diversified income sources — Gains across its multi-cylinder platform, including real estate operations and securities investments, supported results.
Analyst coverage and valuation
- The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no or .
"sell"
"strong sell"
The average consensus recommendation for the specialized REITs peer group is "buy".Wall Street's median 12-month price target for Ladder Capital Corp is $12.50, about 28.2% above its July 22 closing price of $9.75.The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago.
