← Ladder Capital Corp
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenues: | ||||||||||||
| Interest Income (Expense), Net | $115.5m |
$117.5m
+1.73%
|
$150.5m
+28.05%
|
$125.9m
-16.37%
|
$12.4m
-90.17%
|
($6.8m)
-155.35%
|
$97.9m
+1529.46%
|
$162.2m
+65.64%
|
$137.1m
-15.48%
|
$92.0m
-32.91%
|
$292.3m
+217.75%
|
|
| Labor and Related Expense | $64.3m | $70.5m | $60.1m | $67.8m | $58.1m | $38.3m | $75.8m | $63.6m | $60.7m | $52.7m | — | |
| Operating Lease, Lease Income | — | — | $106.2m | $106.4m | $100.2m | $101.6m | $108.3m | $97.0m | $98.7m | $99.3m | — | |
| Operating Lease, Expense | — | — | — | — | — | — | — | $1.5m | $331k | — | — | |
| Real estate operating expenses | $30.0m | $33.2m | $29.8m | $23.3m | $28.6m | $26.2m | $38.6m | $37.6m | $40.6m | $40.5m | — | |
| Operating Expenses | $20.6m | $21.4m | $21.7m | $22.6m | $20.3m | $17.7m | $20.7m | $19.5m | $19.2m | $19.4m | — | |
| Total costs and expenses | $158.5m | $170.4m | $158.6m | $158.3m | $153.3m | $125.8m | $175.1m | $159.5m | $160.5m | $148.3m | — | |
| Real estate operating income | — | — | $106.2m | $106.4m | $100.2m | $101.6m | $108.3m | $97.0m | $98.7m | $99.3m | — | |
| Interest Expense | $120.8m | $146.1m | $194.3m | $204.4m | $227.5m | $182.9m | $195.6m | $245.1m | $221.5m | $174.9m | $196.5m | |
| Interest income | $236.4m | $263.7m | $344.8m | $330.2m | $239.8m | $176.1m | $293.5m | $407.3m | $358.6m | $266.9m | $292.3m | |
| Net interest income (expense) after provision for (release of) loan loss reserves | $115.2m |
$117.5m
+2.00%
|
$136.6m
+16.23%
|
$123.3m
-9.77%
|
($5.9m)
-104.79%
|
$1.9m
+131.58%
|
$94.2m
+4956.74%
|
$137.1m
+45.52%
|
$123.2m
-10.17%
|
$92.1m
-25.19%
|
$95.7m
+3.89%
|
|
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | — | — | — | ($753k) | $4.6m | — | |
| Debt and Equity Securities, Realized Gain (Loss) | — | $17.2m | ($5.8m) | $14.9m | ($12.4m) | $1.6m | ($73k) | ($276k) | $172k | $3.8m | — | |
| Debt and Equity Securities, Unrealized Gain (Loss) | — | $1.4m | $555k | $84k | — | — | — | $29k | ($925k) | $749k | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $99k | $200k | $1.1m | $0 | — | — | — | — | — | |
| Gain (loss) on real estate, net | $20.6m | $11.4m | $95.9m | $1.4m | $32.1m | $55.8m | $116.0m | $8.8m | $25.3m | $3.8m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | ($1.4m) | ($12.6m) | $15.9m | ($30.0m) | ($15.3m) | $1.7m | $12.4m | $1.5m | $5.4m | $1.8m | — | |
| Income (Loss) from Equity Method Investments | $426k | $89k | $790k | $3.4m | $1.8m | $1.6m | $1.4m | $758k | ($79k) | ($1.4m) | — | |
| Fee and other income | $21.4m | $18.3m | $26.3m | $24.4m | $12.7m | $11.2m | $15.0m | $9.2m | $18.7m | $15.0m | — | |
| Total other income (loss) | $163.3m | $186.5m | $250.3m | $174.7m | $140.0m | $181.7m | $251.1m | $127.1m | $148.2m | $123.4m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $120.0m | $133.6m | $228.3m | $139.6m | ($19.2m) | $57.8m | $170.2m | $104.7m | $110.9m | $67.2m | $55.1m | |
| Effective income tax rate | $6.3m | $7.7m | $6.6m | $2.6m | ($9.8m) | $928k | $4.9m | $4.2m | $3.4m | $3.5m | — | |
| Current Income Tax Expense (Benefit) | $4.5m | $2.1m | $14.2m | ($2.2m) | ($9.9m) | $656k | $5.4m | $3.1m | $1.8m | $1.5m | $2.9m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $66.7m |
$95.3m
+42.78%
|
$180.0m
+88.94%
|
$122.6m
-31.87%
|
($14.4m)
-111.78%
|
$56.5m
+491.29%
|
$142.2m
+151.61%
|
$101.1m
-28.89%
|
$108.3m
+7.05%
|
$64.2m
-40.71%
|
$52.3m
-18.56%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | ($138k) | — | — | — | — | — | — | — | — | — | $52.3m | |
| Earnings Per Share, Basic | $1.08 | $1.16 | $1.85 | $1.16 | ($0.13) | $0.46 | $1.14 | $0.81 | $0.86 | $0.51 | $0.42 | |
| Earnings Per Share, Diluted | $1.06 | $1.13 | $1.84 | $1.15 | ($0.13) | $0.45 | $1.13 | $0.81 | $0.86 | $0.51 | $0.42 | |
| Common Stock, Dividends, Per Share, Declared | $1.28 | $1.22 | $1.53 | $1.36 | $0.94 | $0.80 | $1.14 | $0.81 | $0.86 | $0.51 | — | |
| Basic (in shares) | $62.0m | $81.9m | $97.2m | $105.5m | $112.4m | $123.8m | $124.3m | $124.7m | $125.6m | $125.5m | $125.2m | |
| Diluted (in shares) | $107.6m | $109.7m | $97.7m | $106.4m | $112.4m | $124.6m | $125.8m | $124.9m | $125.8m | $126.2m | $125.9m | |
| Weighted Average Number of Shares Outstanding, Basic | 62.0m | 81.9m | 97.2m | 105.5m | 112.4m | 123.8m | 124.3m | 124.7m | 125.6m | $125.5m | 125.2m | |
| Weighted Average Number of Shares Outstanding, Diluted | 107.6m | 109.7m | 97.7m | 106.4m | 112.4m | 124.6m | 125.8m | 124.9m | 125.8m | $126.2m | 125.9m | |
| Additional Financial Items | ||||||||||||
| Depreciation, Depletion and Amortization, Nonproduction | $39.3m | $40.2m | $41.9m | $38.4m | $39.1m | $37.8m | $32.7m | $29.9m | $32.3m | $32.0m | $34.9m | |
| Business Combination, Acquisition Related Costs | $592k | — | — | — | — | — | — | — | — | — | — | |
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | — | — | — | — | $18.3m | ($8.7m) | $3.7m | $25.1m | $13.9m | ($157k) | — | |
| Provision for (release of) loan loss reserves, net | — | — | — | — | $18.3m | ($8.7m) | $3.7m | $25.1m | $13.9m | ($157k) | — | |
| Net result from mortgage loan receivables held for sale | $26.0m | $54.0m | $16.5m | $54.8m | ($1.6m) | $8.4m | ($2.5m) | ($523k) | $30k | $4.7m | — | |
| Net result from derivative transactions | ($1.4m) | ($12.6m) | $15.9m | ($30.0m) | ($15.3m) | $1.7m | $12.4m | $1.5m | $5.4m | $1.8m | — | |
| Earnings (loss) from investment in unconsolidated ventures | $426k | $89k | $790k | $3.4m | $1.8m | $1.6m | $1.4m | $758k | ($79k) | ($1.4m) | — | |
| Gain on extinguishment of debt | $5.4m | ($73k) | ($4.4m) | ($1.1m) | $22.2m | $0 | $685k | $10.7m | $188k | $151k | — | |
| Compensation and employee benefits | $64.3m | $70.5m | $60.1m | $67.8m | $58.1m | $38.3m | $75.8m | $63.6m | $60.7m | $52.7m | — | |
| Investment related expenses | — | — | — | — | — | $5.8m | $7.2m | $8.8m | $7.7m | $3.7m | — | |
| Depreciation and amortization | $39.4m | $40.3m | $42.0m | $38.5m | $39.1m | $37.8m | $32.7m | $29.9m | $32.3m | $32.0m | $34.9m | |
| Income (loss) before taxes | $120.0m | $133.6m | $228.3m | $139.6m | ($19.2m) | $57.8m | $170.2m | $104.7m | $110.9m | $67.2m | — | |
| Net (income) loss attributable to noncontrolling interests in consolidated ventures | $138k | ($226k) | ($15.9m) | $694k | ($5.5m) | ($371k) | ($23.1m) | $624k | $808k | $487k | $52.3m |