Ladder Capital 3Q 2026: Revenue $80.4M, Net income $65.9M, EPS $0.53— 10-Q Summary

What happened

Ladder Capital reported third-quarter 2026 revenue of $80.4 million, up 12.1% from $71.8 million a year earlier. Net income to Class A common shareholders was $65.9 million, or $0.53 per diluted share, versus $19.2 million and $0.15 a year earlier.

Confirmed

Global impact / market context

Profit jumped far faster than revenue mainly because a property sale produced a $65.6 million gain, which is a one-time item rather than recurring earnings power. Investors should separate that gain from the core lending business to judge how repeatable the quarter's results are.

Analyst inference

The company kept growing its loan book, adding $736.6 million of mortgage loan investments over nine months on $1.3 billion of fundings, while 98.9% of its securities portfolio was investment grade. That mix supports steady interest income but ties results to commercial real estate credit conditions.

Analyst inference

What to watch

1. Another property was classified as held for sale, so a further sale gain or loss could land in coming quarters and swing reported net income independently of lending results. Confirmed
2. Watch whether Ladder converts its conduit loans into securitizations or sales, since completing those transactions would turn warehoused loans into cash and fees. Proposed
3. Because the large gain flattered earnings, check future quarters for core interest income growth and credit marks to see whether the $0.53 per-share result reflects durable profitability. Analyst inference

Evidence

• Original source link unavailable