Revenue: As of FY2026 Q2, the actual value is USD 112.67 M.

EPS: As of FY2026 Q2, the actual value is USD 0.12, missing the estimate of USD 0.148.

EBIT: As of FY2026 Q2, the actual value is USD 71.93 M.

Operational Metrics

Income and Earnings

• GAAP Income before taxes: Ladder Capital Corp reported $16.3 million for the quarter ended June 30, 2026, an increase from $3.169 million for the quarter ended March 31, 2026.
• Net Income attributable to Class A common shareholders: The company’s net income was $14.588 million for the quarter ended June 30, 2026, compared to $2.605 million for the quarter ended March 31, 2026.
• Distributable Earnings: Distributable earnings reached $30.8 million for the quarter ended June 30, 2026, up from $28.006 million for the quarter ended March 31, 2026.
• After-tax distributable earnings: After-tax distributable earnings were $29.820 million for the quarter ended June 30, 2026, an increase from $27.327 million for the quarter ended March 31, 2026.

Revenue and Income Components

• Net Interest Income: Net interest income was $22.587 million for the quarter ended June 30, 2026, a slight decrease from $23.017 million for the quarter ended March 31, 2026.
• Real Estate Operating Income: Real estate operating income increased to $30.906 million for the quarter ended June 30, 2026, from $27.291 million for the quarter ended March 31, 2026.
• Total Other Income (loss): Total other income was $35.171 million for the quarter ended June 30, 2026, compared to $28.863 million for the quarter ended March 31, 2026.

Costs and Expenses

• Total Costs and Expenses: Total costs and expenses for the quarter ended June 30, 2026, were $41.326 million, a decrease from $48.739 million for the quarter ended March 31, 2026.
  • Compensation and employee benefits: These costs were $12.260 million for the quarter ended June 30, 2026, down from $22.324 million for the previous quarter.
  • Operating expenses: Operating expenses remained stable at $5.108 million for the quarter ended June 30, 2026, compared to $5.094 million for the quarter ended March 31, 2026.
  • Real estate operating expenses: These expenses increased to $12.909 million for the quarter ended June 30, 2026, from $11.258 million for the quarter ended March 31, 2026.
  • Depreciation and amortization: Depreciation and amortization totaled $9.343 million for the quarter ended June 30, 2026, an increase from $8.907 million for the quarter ended March 31, 2026.

Balance Sheet Metrics

Assets

• Total Assets: As of June 30, 2026, total assets were $5,606,282 thousand, an increase from $5,152,550 thousand as of December 31, 2025.
• Mortgage loan receivables held for investment, net: These amounted to $2,790,138 thousand as of June 30, 2026, up from $2,217,375 thousand as of December 31, 2025.
• Allowance for credit losses: The allowance for credit losses was - $47,095 thousand as of June 30, 2026, compared to - $47,137 thousand as of December 31, 2025.
• Securities: Securities held were $1,872,439 thousand as of June 30, 2026, a decrease from $2,088,285 thousand as of December 31, 2025.
• Real estate and related lease intangibles, net: These increased to $776,496 thousand as of June 30, 2026, from $703,537 thousand as of December 31, 2025.

Liabilities and Equity

• Total Liabilities: Total liabilities were $4,179,566 thousand as of June 30, 2026, an increase from $3,671,193 thousand as of December 31, 2025.
• Debt obligations, net: Debt obligations, net, amounted to $4,004,904 thousand as of June 30, 2026, up from $3,510,402 thousand as of December 31, 2025.
• Total Equity: Total equity was $1,426,716 thousand as of June 30, 2026, a decrease from $1,481,357 thousand as of December 31, 2025.
• Retained earnings (dividends in excess of earnings): This figure was - $301,417 thousand as of June 30, 2026, compared to - $260,084 thousand as of December 31, 2025.
• Accumulated other comprehensive income (loss): This was - $4,613 thousand as of June 30, 2026, compared to - $4,135 thousand as of December 31, 2025.
• Noncontrolling interests in consolidated ventures: This was - $2,613 thousand as of June 30, 2026, compared to - $2,569 thousand as of December 31, 2025.

Other Key Metrics

• After-tax distributable ROAE: This metric was 8.3% for the quarter ended June 30, 2026, an increase from 7.5% for the quarter ended March 31, 2026.

Outlook / Guidance

The report includes a standard forward-looking statements disclaimer, noting that actual results could differ materially from expectations due to various risks and uncertainties. Ladder Capital Corp expressly disclaims any obligation to update or revise these forward-looking statements. No specific numerical or qualitative guidance for future periods was provided within the reference text.