Ladder Capital Corp reported GAAP income before taxes of $20.8 million for the second quarter of 2025, with diluted earnings per share (EPS) of $0.14. Distributable earnings for the quarter were $30.9 million, or $0.23 per distributable EPS.
CEO Brian Harris expressed satisfaction with achieving investment grade status and completing the inaugural unsecured bond offering in the investment grade market. He emphasized Ladder's unique position as the only investment grade mortgage REIT, supported by a diversified, highly liquid, senior secured asset base and a predominantly unsecured capital structure.
As of June 30, 2025, the company's total assets stood at $4.46 billion. Ladder's capital deployment activities were evident as cash and cash equivalents decreased to $134.9 million from $479.7 million in Q1 2025, while the securities portfolio significantly increased to $1.97 billion from $1.48 billion in Q1 2025.
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