Ladder Capital: 96% Dividend Coverage, Return To Growth, 9% Yield
Ladder Capital (LADR) reported strong commercial loan growth of 60% year-over-year, reaching $2.6 billion, its fastest pace in four years, alongside improved dividend coverage at 96% in Q1 2026. Distributable earnings rose 10% annually to $0.22 per share, supporting its 9% dividend yield. Credit quality remained solid with no new CECL reserves or credit losses. The stock trades at 0.91x price-to-book with a new $100 million buyback signaling confidence in future performance.
- ▪Ladder Capital's commercial loan portfolio grew 60% year-over-year to $2.6 billion in Q1 2026.
- ▪Dividend coverage ratio improved to 96% with distributable earnings of $0.22 per share, up 10% from the prior year.
- ▪The company reported no new CECL reserve additions and no credit losses, reflecting strong asset quality.
- ▪Ladder Capital announced a $100 million share buyback program in conjunction with its earnings release.
- ▪Shares of LADR traded at a price-to-book ratio of 0.91x following the earnings report.
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