LADR— Ladder Capital Corp

Real EstateReal Estate Investment Trusts$1.3B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Interest income	$266.9M-25.6%	$358.6M-11.9%	$407.3M+38.8%	$293.5M
Interest expense	$174.9M-21.0%	$221.5M-9.6%	$245.1M+25.3%	$195.6M
Net interest income (expense)	$92.0M-32.9%	$137.1M-15.5%	$162.2M+65.6%	$97.9M
Provision for (release of) loan loss reserves, net	-$157K-101.1%	$13.9M-44.5%	$25.1M+576.3%	$3.7M
Net interest income (expense) after provision for (release of) loan loss reserves	$92.1M-25.2%	$123.2M-10.2%	$137.1M+45.5%	$94.2M
Real estate operating income	$99.3M+0.6%	$98.7M+1.8%	$97.0M-10.5%	$108.3M
Net result from mortgage loan receivables held for sale	$4.7M+15620.0%	$30K+105.7%	-$523K+79.2%	-$2.5M
Gain (loss) on real estate, net	$3.8M-84.9%	$25.3M+187.0%	$8.8M-92.4%	$116.0M
Fee and other income	$15.0M-19.8%	$18.7M+109.4%	$8.9M-39.9%	$14.9M
Net result from derivative transactions	$1.8M-66.1%	$5.4M+266.0%	$1.5M-88.0%	$12.4M
Earnings (loss) from investment in unconsolidated ventures	-$1.4M-1691.1%	-$79K-110.4%	$758K-46.2%	$1.4M
Gain on extinguishment of debt	$151K-19.7%	$188K-98.2%	$10.7M+1464.7%	$685K
Total other income (loss)	$123.4M-16.7%	$148.2M+16.6%	$127.1M-49.4%	$251.1M
Compensation and employee benefits	$52.7M-13.1%	$60.7M-4.6%	$63.6M-16.1%	$75.8M
Operating expenses	$19.4M+1.2%	$19.2M-1.6%	$19.5M-5.9%	$20.7M
Real estate operating expenses	$40.5M-0.2%	$40.6M+7.9%	$37.6M-2.6%	$38.6M
Investment related expenses	$3.7M-51.9%	$7.7M-12.8%	$8.8M+22.3%	$7.2M
Depreciation and amortization	$32.0M-1.0%	$32.3M+8.1%	$29.9M-8.4%	$32.7M
Total costs and expenses	$148.3M-7.6%	$160.5M+0.6%	$159.5M-8.9%	$175.1M
Income (loss) before taxes	$67.2M-39.4%	$110.9M+5.9%	$104.7M-38.5%	$170.2M
Effective income tax rate	$3.5M+1.3%	$3.4M-18.8%	$4.2M-13.5%	$4.9M
Net income (loss)	$63.7M-40.7%	$107.4M+6.9%	$100.5M-39.2%	$165.3M
Net (income) loss attributable to noncontrolling interests in consolidated ventures	$487K-39.7%	$808K+29.5%	$624K+102.7%	-$23.1M
Basic (in dollars per share)	$510.00-40.7%	$860.00+6.2%	$810.00-28.9%	$1140.00
Diluted (in dollars per share)	$510.00-40.7%	$860.00+6.2%	$810.00-28.3%	$1130.00
Basic (in shares)	125.58B+0.0%	125.58B+0.7%	124.67B+0.3%	124.30B
Diluted (in shares)	126.19B+0.3%	125.79B+0.7%	124.88B-0.7%	125.82B
Class A Common Stock
Net income (loss) attributable to Class A common shareholders	$64.2M-40.7%	$108.3M+7.1%	$101.1M-28.9%	$142.2M

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.