LADR
$9.05+2.49%
Ladder Capital CorpStock · Real EstateRussell 2000 · 0.04% of IWMUS Stock Market · 0.001% of VTIRussell 3000 · 0.001% of IWV
LADR financial statements
The full income statement, balance sheet, and cash-flow statement for Ladder Capital Corp (LADR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 125.8M2024-09 125.9M2024-12 127.1M2025-03 128.1M2025-06 126.2M2025-09 126.1M2025-12 127.2M2026-03 127.7M2026-06 125.2M-0.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 99.3M+0.6% | 98.7M+1.8% | 97.0M-10.5% | 108M+6.6% | 102M | ||
| Lease income | 99.3M+0.6% | 98.7M+1.8% | 97.0M-10.5% | 108M+6.6% | 102M+1.3% | |
| 19.4M+1.2% | 19.2M-1.6% | 19.5M-5.9% | 20.7M+17.2% | 17.7M-12.9% | ||
| Provision for credit losses | -186K-101.3% | 14.2M-43.5% | 25.1M+639.0% | 3.40M+139.5% | -8.61M-146.4% | |
| Interest expense | — | — | 245M+25.3% | 196M+6.9% | 183M-19.6% | |
| Interest & investment income | 267M-25.6% | 359M-11.9% | 407M+38.8% | 294M+66.7% | 176M-26.6% | |
| Net interest income | 92.0M-32.9% | 137M-15.5% | 162M+65.6% | 97.9M+1529.5% | -6.85M-155.4% | |
| Other non-operating income | 123M-16.7% | 148M+16.6% | 127M-49.4% | 251M+38.1% | 182M+29.9% | |
| Equity-method income | -1.42M-1691.1% | -79.0K-110.4% | 758K-46.2% | 1.41M-10.7% | 1.58M-13.3% | |
| Gain (loss) on equity securities | 749K+181.0% | -925K-3800.0% | 25.0K+161.0% | -41.0K | 0.00+100.0% | |
| Pre-tax income | 67.2M-39.4% | 111M+5.9% | 105M-38.5% | 170M+194.4% | 57.8M+400.4% | |
| Income tax | 3.49M+1.3% | 3.45M-18.8% | 4.24M-13.5% | 4.91M+429.0% | 928K+109.5% | |
| Net income | 63.7M-40.7% | 107M+6.9% | 101M-39.2% | 165M+190.6% | 56.9M+701.5% | |
| $0.51-40.7% | $0.86+6.2% | $0.81-28.3% | $1.13+151.1% | $0.45+446.2% | ||
| EPS (basic) | $0.51-40.7% | $0.86+6.2% | $0.81-28.9% | $1.14+147.8% | $0.46+453.8% | |
| Weighted-avg shares (basic) | — | 126M+0.7% | 125M+0.3% | 124M+0.4% | 124M+10.1% | |
| Weighted-avg shares (diluted) | — | 126M+0.7% | 125M-0.7% | 126M+1.0% | 125M+10.8% | |
| Dividends per share | $0.92-0.4% | $0.93+1.0% | $0.92+8.4% | $0.85+4.8% | $0.81-23.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 38.0M-97.1% | 1.32B+30.3% | 1.02B+66.8% | 609M+11.0% | 549M-56.3% | |
| 5.15B+6.3% | 4.85B-12.1% | 5.51B-7.4% | 5.95B+1.7% | 5.85B-0.5% | ||
| Operating lease right-of-use | 13.3M-18.4% | 16.3M+10.9% | 14.7M-7.0% | 15.8M+1336.4% | 1.10M-15.4% | |
| Intangible assets | 51.9M+2.5% | 50.6M-17.1% | 61.0M-6.0% | 65.0M-17.9% | 79.1M-13.2% | |
| 3.67B+10.8% | 3.31B-16.8% | 3.98B-9.9% | 4.42B+1.8% | 4.34B+0.1% | ||
| Operating lease liability (total) | 14.3M-20.1% | 17.9M+8.8% | 16.4M+2.8% | 16.0M+1496.5% | 1.00M-23.1% | |
| 1.48B-3.3% | 1.54B+0.1% | 1.53B-0.0% | 1.53B+1.7% | 1.51B-2.3% | ||
| Additional paid-in capital | 1.79B+0.6% | 1.78B+1.2% | 1.76B-3.8% | 1.83B+1.8% | 1.80B+0.9% | |
| Retained earnings | -260M-25.7% | -207M-4.5% | -198M-11.8% | -177M+14.8% | -208M-26.9% | |
| Treasury stock | 39.1M+28.2% | 30.5M+153.9% | 12.0M-87.4% | 95.6M+25.3% | 76.3M+21.4% | |
| Accumulated other comprehensive income | -4.13M+15.0% | -4.87M+64.9% | -13.9M+34.1% | -21.0M-410.9% | -4.11M+60.7% | |
| Total equity incl. non-controlling | 1.48B-3.4% | 1.53B+0.0% | 1.53B-0.1% | 1.53B+1.3% | 1.51B-2.2% | |
| Total liabilities & equity | 5.15B+6.3% | 4.85B-12.1% | 5.51B-7.4% | 5.95B+1.7% | 5.85B-0.5% | |
| Common shares outstanding | 127M+0.1% | 127M+0.2% | 127M+0.3% | 127M | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 87.0M-35.0% | 134M-25.8% | 181M+69.2% | 107M+33.8% | 79.7M-28.8% | ||
| Depreciation & amortization | 32.0M-1.0% | 32.3M+8.1% | 29.9M-8.4% | 32.7M-13.6% | 37.8M-3.3% | |
| Share-based compensation | 20.3M+8.0% | 18.8M+1.4% | 18.6M-41.2% | 31.6M+106.4% | 15.3M-64.2% | |
| Deferred income taxes | 2.03M+20.3% | 1.68M+42.5% | 1.18M+334.1% | -505K-285.7% | 272K+189.4% | |
| -1.61B-272.3% | 933M+17.5% | 794M+872.5% | 81.6M+112.5% | -651M-142.2% | ||
| Capital expenditure | 8.34M+28.4% | 6.50M+48.5% | 4.37M-37.1% | 6.95M+42.6% | 4.87M-20.2% | |
| Free cash flow | 78.7M-38.3% | 127M-27.7% | 176M+76.7% | 99.8M+33.3% | 74.9M-29.3% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 534M+93.0% | 277M+19.2% | 232M+25.6% | 185M+12.4% | 164M+12.5% | |
| 227M+128.5% | -797M-42.8% | -558M-271.2% | -150M-65.1% | -91.0M+87.5% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 1.00K-100.0% | |
| Common stock repurchased | 11.8M+79.9% | 6.53M+163.3% | 2.48M-68.7% | 7.92M-12.1% | 9.01M+196.8% | |
| Dividends paid | 117M-0.3% | 118M+1.1% | 116M+8.8% | 107M+6.4% | 101M-15.4% | |
| Net change in cash | -1.29B-578.8% | 270M-35.1% | 416M+994.0% | 38.1M+105.7% | -663M-171.4% | |
| Interest paid | 158M-21.0% | 199M-14.6% | 234M+31.3% | 178M+2.8% | 173M-14.7% | |
| Income taxes paid | 3.52M+88.9% | 1.86M+177.6% | -2.40M-105.5% | -1.17M+53.7% | -2.53M-215.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 1.40B-1.7% | 1.42B-1.1% | 1.44B+14.5% | 1.26B-16.3% | 1.50B+29.0% | |
| P/E | 22.0×+65.8% | 13.2×+43.3% | 9.2×-13.2% | 10.6×-59.7% | 26.4× | |
| P/S | 14.1×-2.3% | 14.4×-0.4% | 14.5×+23.1% | 11.8×-20.5% | 14.8×+93.5% | |
| P/B | 0.9×+1.7% | 0.9×-0.9% | 0.9×+11.7% | 0.8×-16.0% | 1.0×+32.1% | |
| P/FCF | 17.8×+59.2% | 11.2×+34.1% | 8.3×-34.8% | 12.8×-36.3% | 20.0×+82.4% | |
| Earnings yield | 4.6%-39.7% | 7.6%-30.2% | 10.8%+15.2% | 9.4%+148.0% | 3.8% | |
| FCF yield | 5.6%-37.2% | 9.0%-25.4% | 12.0%+53.4% | 7.8%+57.0% | 5.0%-45.2% | |
| Dividend yield | 8.4%+1.5% | 8.3%+3.8% | 8.0%-5.4% | 8.4%+25.1% | 6.7%-37.7% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: LADR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all LADR filings on SEC EDGAR → Not investment advice.