Ladder Capital: Q3 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Ladder Capital Corp. (LADR) on Thursday reported third-quarter net income of $31.3 million.
The New York-based company said it had profit of 25 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, came to 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 30 cents per share.
The commercial real estate mortgage origination and finance company posted revenue of $142 million in the period. Its adjusted revenue was $79.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LADR at https://www.zacks.com/ap/LADR