LADR Stock: Earnings Jumped. How Much Can Repeat? — Q3 FY2026

Ladder Capital (LADR) Q3 FY2026 — Reference price $8.82 is the October 15 close, before the release; exact release clock and session unconfirmed.

Ladder Capital reported $0.35 in distributable earnings per share against a $0.23 dividend. But $30.691 million of property-sale gain remains inside those earnings, while a changed interest presentation complicates the comparison.

THE CALL: HOLD (2/5, LOW) — Rounded dividend/book equity anchor ~$9 vs ~$8.82 October 15 closing common share price; before the release.

KEY METRICS:

- GAAP common income $65.865m; after-tax distributable earnings $43.688m

- Reported DE EPS $0.35 versus $0.23 dividend; retained property gain $30.691m

- Harmonized net interest income $23.041m; common book value $11.61/share

- HOLD, conviction 2/5; $9 equity anchor versus dated $8.82 price; high uncertainty

What to watch: Reassess repeatable distribution coverage, current credit quality and funding disclosures; the $9 equity anchor depends on dividend durability and common book value.

Full research packet: https://chargedalpha.com/research/ladr-q3-fy2026

Also on YouTube: @ChargedAlpha

DISCLAIMER: For informational and educational purposes only. Not financial advice. Do your own research before any investment decision.