Ladder Capital Corp 2Q 2026: Net income $14.59M, EPS $0.12— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Ladder Capital Corp reported Q2 2026 net income of $14.59M ($0.12 diluted EPS), down from the prior year's $17.33M ($0.14). Interest income stood at $78.2M. The company funded $1.1B in loan originations in H1 2026, increasing commercial mortgage loans by $572M YoY. It also rotated CMBS holdings and expanded its real estate platform through foreclosures and acquisitions totaling approximately $88M. Operations generated $31.3M in positive cash flow.
Ladder Capital Corp reported second-quarter 2026 results with net income attributable to Class A common shareholders of $14.59M and diluted EPS of $0.12, down from $17.33M and $0.14 in the year‑ago quarter. Interest income, the company's primary recurring revenue driver, was $78.2M in the quarter.
Financial Highlights
- Revenue: Interest income was $78.2M in Q2 2026 (company did not disclose a consolidated revenue line in Part 1 Item 1); see MD&A for drivers.
- Net income: $14.59M attributable to Class A common shareholders in Q2 2026, compared with $17.33M in the prior-year quarter; YoY change (15.8%).
- Diluted EPS: $0.12 in Q2 2026 versus $0.14 in the prior-year quarter; YoY change (14.3%).
Business Highlights
- Loan originations momentum: Funded $1.1B of loan originations in H1 2026, contributing to a $572M year‑over‑year increase in commercial mortgage loans.
- Securities portfolio activity: Actively rotated CMBS holdings with $608M of purchases and $630M of sales in H1 2026, reducing net securities exposure.
- Real estate platform growth: Expanded owned real estate via foreclosures and acquisitions (approximately $88M foreclosed/acquired year‑to‑date), which boosted operating income.
- Cash flow and capital: Operations generated positive cash from operations of $31.3M in H1 2026, supporting investment funding and dividend capacity.
- Origination and risk discipline: Continued credit‑centric underwriting across balance‑sheet, conduit and mezzanine channels with a focus on senior secured assets.
Original SEC Filing: Ladder Capital Corp [ LADR ] - 10-Q - Jul. 24, 2026