Ladder Capital: Q1 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ladder Capital Corp. (LADR) on Thursday reported first-quarter net income of $22.4 million.
On a per-share basis, the New York-based company said it had net income of 18 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 38 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The commercial real estate mortgage origination and finance company posted revenue of $135.6 million in the period. Its adjusted revenue was $74.9 million.
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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
