Ladder Capital: Q4 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Ladder Capital Corp. (LADR) on Thursday reported fourth-quarter net income of $19.2 million.

On a per-share basis, the New York-based company said it had net income of 15 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 32 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The commercial real estate mortgage origination and finance company posted revenue of $121.3 million in the period. Its adjusted revenue was $60.5 million.

For the year, the company reported profit of $101.1 million, or 81 cents per share. Revenue was reported as $289.3 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