Yahoo Finance Ladder Capital First Quarter 2024 Earnings: EPS: US$0.13 (vs US$0.18 in 1Q 2023)
Ladder Capital (NYSE:LADR) First Quarter 2024 Results
Key Financial Results
Revenue: US$63.1m (up 3.5% from 1Q 2023).
Net income: US$16.6m (down 26% from 1Q 2023).
Profit margin: 26% (down from 37% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$0.13 (down from US$0.18 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ladder Capital Earnings Insights
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 34% growth forecast for the Mortgage REITs industry in the US.
Performance of the American Mortgage REITs industry.
The company's shares are up 4.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Ladder Capital (1 is a bit unpleasant) you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
