NEW YORK (AP) _ Ladder Capital Corp. (LADR) on Thursday reported third-quarter earnings of $66.6 million.
The New York-based company said it had profit of 67 cents per share. Earnings, adjusted for pretax gains, came to 59 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.
The commercial real estate mortgage origination and finance company posted revenue of $186.6 million in the period. Its adjusted revenue was $135.1 million.
Ladder Capital shares have climbed 23 percent since the beginning of the year. The stock has climbed 23 percent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LADR at https://www.zacks.com/ap/LADR