Ladder Capital Corp ("Ladder" or the "Company") (NYSE: LADR) today announced that it has entered into a strategic financing arrangement (the "Agreement") with Koch Real Estate Investments, LLC ("Koch"), an affiliate of Koch Industries, under which Koch will provide the Company with approximately $206.4 million in senior secured financing (the "Koch Facility") to fund transitional and land loans. The Company also announced the completion of a private CLO with Goldman Sachs Bank USA ("Goldman"), which generated $310.2 million of gross proceeds to Ladder.
Q1 2020 Ladder Capital Corp Earnings Call
Ladder Capital (LADR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Ladder Capital (LADR) delivered earnings and revenue surprises of 18.18% and 59.79%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Ladder Capital Corp ("Ladder" or the "Company") (NYSE: LADR) announced today that Michael Mazzei, a member of the Company’s board of directors, has been appointed as the Chief Executive Officer and President of Colony Credit Real Estate, Inc. (NYSE: CLNC). Mr. Mazzei stepped down today from Ladder’s board to fully devote his time to this new role.
Ladder Capital Corp (NYSE: LADR) will release its first quarter 2020 results on May 5, 2020 after the close of markets that day. The Company will host a conference call and webcast for investors at 5:00 p.m. Eastern Time that day to discuss the financial results.
(Bloomberg) -- Goldman Sachs Group Inc. and the real estate investment arm of Koch Industries Inc. are close to agreements to provide Ladder Capital Corp. with new debt financing, enabling the mortgage real estate investment trust to further bolster its balance sheet, according to people with knowledge of the matter.Koch Real Estate Investments, a subsidiary of billionaire Charles Koch’s company, is in advanced talks to provide Ladder with a $200 million senior secured credit facility backed by existing loans and not tied to mark-to-market pricing, said the people, who asked not to be identified because the talks are private.Goldman Sachs is in advanced discussions with Ladder Capital regarding a separate structured financing deal in which the bank will underwrite a commercial real estate collateralized loan obligation comprising about $500 million of loans at a roughly 65% advance rate on a matched-term, non-recourse and non-mark-to-market basis, said people with knowledge of the talks.Representatives for Ladder, Koch and Goldman Sachs declined to comment.The Koch facility was designed to provide Ladder with flexibility to work with its existing borrowers by alleviating near-term pressure on underlying loan collateral, one of the people said. It differs from traditional repurchase agreements, or so-called repo lines, which often trigger margin calls when borrowers are in default.Equity PurchaseIn addition to the credit facility, Koch has the right to purchase more than $30 million of Ladder’s common stock at a premium to its current share price, some of the people said.New York-based Ladder, led by Chief Executive Officer Brian Harris, has seen its share price drop by more than half this year, leaving it with a market capitalization of less than $1 billion.The company said last month that it had boosted its unrestricted cash position to more than $600 million, in part through the sale of $380 million of loans and securities at an average price of 96% of par. Ladder has more than $6 billion of assets, including over $2.3 billion of unencumbered assets that are mostly first mortgage loans that serve as a source of potential additional liquidity, it said at the time.In March, the pandemic caused panic in the U.S. mortgage market, forcing some firms to amend dividend policies and quickly unload billions of dollars in mortgage-backed securities to meet investor redemptions and manage liquidity issues.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The latest analyst coverage could presage a bad day for Ladder Capital Corp (NYSE:LADR), with the analysts making...
Ladder Capital Corp ("Ladder" or the "Company") (NYSE: LADR) today provided an update on its liquidity and certain steps the Company has taken to position itself for continued success amid the current market volatility related to the global COVID-19 pandemic. As of today, the Company has increased unrestricted cash to more than $600 million, nearly double the Company’s unrestricted cash as of its previous market update on April 2, 2020.
NEW YORK, NY / ACCESSWIRE / May 5, 2020 / Ladder Capital Corp. (NYSE:LADR) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on May 5, 2020 at 5:00 PM Eastern ...
The financial markets shifted into bear territory weeks ago, seeing the worst stock losses since the Great Depression. It’s clear now that the coronavirus pandemic has pushed us into recession; the unanswered question is, how long will it be? For now, though, we have a record to ponder: this has been the worst first quarter for US stocks since record keeping began.Last week, however, the major indexes have showed some gains. Investors are uncertain if this marks a true turnaround, or just a short-lived rally in a larger bear market. The consensus seems to be toward the latter. Jeffrey Solomon, CEO of the Cowen investment bank, sums it up with great clarity: “I think the activity we’ve seen particularly over the last week has largely been a lot of index rebalancing. Obviously it feels a little bit like a bear market rally. We’ve seen those. They tend to be fast and furious and certainly there for the three days last week…”Whether this is a short-term rally or the start of something bigger, market expert Jim Cramer believes that now is the time for dividend stocks. Not every stock pays out dividends, but those that do are generally outperforming all other asset returns. Cramer puts it this way: “The idea that you can pick an equity, pick a stock and have a good yield is something that’s very quaint and I think it’s a shame because it’s the way you can really make money now.” In his view, long-term commitment to dividend stocks are the way to go right now.There are deals to be found in today’s market, and stocks that are practically begging investors to buy then. We’ve opened up the TipRanks database to find three of them, stocks with a combination of attractive features: low cost, high upside, and in a better feature for investors, dividend yields to provide sure returns. Let’s dive in.Suncor Energy (SU)We’ll start with a major player in Alberta’s oil industry. Calgary-based Suncor produces synthetic crude oil from the vast oil sands region of the Plains province. The deposits, also known as tar sands, are the world’s largest deposits of bitumen, a form of semi-solid heavy crude oil. Alberta’s oil sands put Canada’s petroleum industry on the global map. Altogether, the oil sands region contains approximately 178 billion barrels of economically recoverable reserves.SU posted 39 cents EPS in Q4, more than enough to pay out the company’s 35 cent quarterly dividend. That dividend annualizes to $1.40, and like LADR above makes for a high payout ratio of 90%. Suncor has raised its dividend payment three times in the past three years, and has a reliable payment history stretching back to 2011.The real attraction in SU’s dividend, however, is the yield. SU offers investors a high return of 10.38%. While not off the charts, it is still 5x higher than the 2% average yield among S&P listed companies – and it blows away US Treasure bonds, which are currently averaging below a 1% yield.Writing on Suncor for Morgan Stanley, analyst Benny Wong sees some cause for concern in current low oil prices, but believes that Suncor has the resources to weather the storm. He says, “We believe the budget update is encouraging for Suncor and should help alleviate some concerns that the company would be unable/unwilling to cut back spending enough. The update brings SU's budget into the C$3.5-4.5 Bn range and in line with the company's disciplined capital allocation framework in a
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Moody's Investors Service (Moody's) has affirmed the ratings of the following non-bank commercial real estate (CRE) lenders and changed their outlooks to negative from stable: Ladder Capital Corp (Ba1 corporate family rating (CFR)), Starwood Property Trust, Inc. (Ba2 CFR), Blackstone Mortgage Trust, Inc. (Ba2 CFR), Apollo Commercial Real Estate Finance, Inc. (Ba3 CFR), Claros Mortgage Trust, Inc (Ba3 CFR) and LoanCore Capital Markets LLC (B1 CFR). The rapid and widening spread of the coronavirus outbreak and falling oil prices have led to a severe and extensive credit shock across many sectors, regions and markets.
Q4 2019 Ladder Capital Corp Earnings Call
Ladder Capital Corp (NYSE: LADR) ("we," "Ladder," or the "Company") today announced operating results for the quarter ended March 31, 2020. GAAP loss before taxes for the three months ended March 31, 2020 was $18.6 million, and diluted loss per share was $0.15. Core earnings was $30.9 million, or $0.26 of core EPS. After-tax GAAP return on average equity was (4.5)% and after-tax core return on average equity was 8.0%.
If you're interested in Ladder Capital Corp (NYSE:LADR), then you might want to consider its beta (a measure of share...
Margin calls on secured instruments amid turbulent market conditions are expected to have strained Ladder Capital's (LADR) liquidity position in Q1.
LADR earnings call for the period ending March 31, 2020.
Ladder Capital Corp ("Ladder" or the "Company") (NYSE: LADR) is mindful of the impact the global COVID-19 pandemic has had on its employees, clients, financing partners and shareholders. The Company is providing a current update to all of its constituents regarding the steps Ladder has taken in response to the turbulent market conditions accompanying the spread of the virus. Ladder will continue to exercise appropriate caution as the Company endeavors to prudently navigate through this uncertain environment.
Investors need to pay close attention to Ladder Capital (LADR) stock based on the movements in the options market lately.