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Ladder Capital LADR Real Estate — Operating Expenses

Other segment segments

Loans
$584K-26.1%
Securities
$8K-87.7%

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LTCReal Estate Operating Expenses
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Other financials

Income statement

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Revenue$27.3M+25.3%
Net income$2.6M-77.5%
EPS (diluted)$0.02-77.8%

Balance sheet

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Cash & equivalents$33.1M-93.1%
Total debt$13.7M-19.4%
Total equity$1.4B-4.6%
Total assets$5.6B+8.8%

Cash flow

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Operating cash flow-$8.0M+72.2%
CapEx$743.0K-14.8%
Free cash flow-$8.7M+70.5%

Valuation

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Market cap$1.25B-11.2%
Enterprise value$1.24B-4.6%
P/E22.9×+6.8×
P/S12×-2.7×

Profitability

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Net margin52.2%-54.0pp
FCF margin95%

Returns & leverage

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Return on equity3.7%-3.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Ladder Capital in its filing.

Tagged under the XBRL concept us-gaap:CostsAndExpenses.

The official record: Ladder Capital’s 10-Q, filed April 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ladder Capital's real estate — operating expenses?
Ladder Capital (LADR) reported real estate — operating expenses of $20.05M in Q1 2026.
How has Ladder Capital's real estate — operating expenses changed year-over-year?
Ladder Capital's real estate — operating expenses increased by 24.6% year-over-year, from $16.1M to $20.05M.
What is the long-term trend for Ladder Capital's real estate — operating expenses?
Over 4 years (2021 to 2025), Ladder Capital's real estate — operating expenses has grown at a 2.9% compound annual growth rate (CAGR), from $64.71M to $72.52M.
What does real estate — operating expenses mean?
Encompasses the total costs incurred to maintain and manage the real estate assets within the segment, excluding interest and depreciation. This includes property management fees, maintenance, utilities, and administrative overhead. It serves as a primary measure of the segment's operational cost structure.