Ladder Capital reports Q2 EPS 33c, consensus 32c

Reports Q2 NII $40.5M vs. $43.0M last year. “We are pleased to report another strong quarter for Ladder, where we generated a double-digit return on equity and maintained our strong dividend coverage. With over 50% of our assets unencumbered, low leverage, and robust liquidity, we believe we are well-positioned to capitalize on the opportunities we expect to see in our sector in the second half of 2023 and into 2024.” said Brian Harris, Ladder’s Chief Executive Officer.