Ladder Capital finances commercial property through loans and securities and also owns real estate. Borrower payments and property income support its business, while credit losses, property values and borrowing costs can change what reaches common shareholders.
Business
Commercial-real-estate finance REIT
Listing
LADR · XNYS
Reporting period
2026-06-30
Dividend schedule
Quarterly
How the business works
The company's after-tax distributable earnings per diluted share is the matched recurring measure for this review. It differs from the GAAP earnings shown in the existing financial chart; neither measure guarantees the next dividend.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Distributable earnings per share$0.24
Apr 1, 2026 to Jun 30, 2026
Dividend yield10.49%Current regular dividend rate divided by the 2026-10-09 closing price.Earnings yield10.03%2025 Q3 through 2026 Q2 earnings divided by the dated closing price.Trailing four-quarter earnings$0.882025 Q3 through 2026 Q2; Distributable earnings per share.Annual dividend rate$0.92The latest regular payment rate expressed over a year. Extra dividends are excluded; future payments can change.Reported annual coverage95.65%Earnings and regular dividends from 2025 Q3 through 2026 Q2.
Dividend payment dates
Each announced payment is shown separately. Extra payments are not assumed to repeat.
LADR reported after-tax distributable earnings of $0.22 per diluted share against a $0.23 regular dividend in 2026 Q1, then $0.24 against $0.23 in Q2. The first quarter was slightly short and the second slightly above the payment. This two-quarter comparison is historical, not the Fly High forward Dividend Coverage Ratio.
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, Ladder Capital Corp reported $5.606 billion of total assets and $4.180 billion of total liabilities.
Liabilities represented 74.6% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
Ladder Capital Corp reported $0.1200 per share for 2026-04-01 to 2026-06-30, measured as Reported GAAP diluted earnings per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to borrower credit, property valuations and funding conditions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next quarter's after-tax distributable earnings and regular dividend on the same share basis, then check commercial-property credit, realized losses and financing costs.
Current evidence and recent developments
2026 Q1 company after-tax distributable earnings per diluted share: $0.22; regular dividend: $0.230.
2026 Q2 company after-tax distributable earnings per diluted share: $0.24; regular dividend: $0.230.
The separately labeled GAAP figure in the financial chart uses a different earnings basis.
What to watch next
Compare the next quarter's after-tax distributable earnings and regular dividend on the same share basis, then check commercial-property credit, realized losses and financing costs.
Fly High context
Compare the next quarter's after-tax distributable earnings and regular dividend on the same share basis, then check commercial-property credit, realized losses and financing costs.
Public Research notes and limitations
The reported earnings figure retains its actual reporting period and is not annualized.
Final year-end tax reporting determines ordinary income, qualified dividends where applicable, capital gains and return of capital. Tax status alone does not classify every dollar paid.
Marketstack historical dividend-chart amounts are rounded to cents and are not a payment forecast.
LADR's final company 2025 tax announcement classifies its common-share distributions.
Ordinary, nonqualified
94.35%
Qualified dividends
0%
Capital-gain distributions
4.78%
Return of capital
0.87%
Tax year: 2025. Total distributions: $0.69 per share.
Tax details and source
Total ordinary dividends (includes qualified)
94.35%
Section 199A portion (within ordinary dividends)
94.35%
Exempt-interest distributions
0%
Reporting form
Form 1099-DIV
Source date
2026-01-30
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
