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Ladder Capital: 3Q Earnings Snapshot

·1 min read

NEW YORK (AP) _ Ladder Capital Corp. (LADR) on Thursday reported third-quarter earnings of $17.2 million.

The New York-based company said it had net income of 14 cents per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.

The commercial real estate mortgage origination and finance company posted revenue of $107.4 million in the period. Its adjusted revenue was $51 million, topping Street forecasts. Three analysts surveyed by Zacks expected $34.5 million.

Ladder Capital shares have decreased 59% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $7.40, a drop of 57% in the last 12 months.

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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