For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Interest income | 74,221 | 65,141* | 71,768 | 62,735 |
| Interest expense | 51,204 | 47,143* | 43,978 | 41,205 |
| Net interest income (expense) | 23,017 | 17,998* | 27,790 | 21,530 |
| Provision for (release of) loan loss reserves, net | -28 | -47* | -31 | -42 |
| Net interest income (expense) after provision for (release of) loan loss reserves | 23,045 | 18,045* | 27,821 | 21,572 |
| Real estate operating income | 27,291 | 20,647* | 26,666 | 25,775 |
| Net result from mortgage loan receivables held for sale | 73 | -2,089* | -377 | 4,914 |
| Gain (loss) on real estate, net | 0 | 3,807* | 0 | 0 |
| Fee and other income | 1,405 | 4,995* | 3,864 | 2,803 |
| Realized gain/(loss) | 0 | - | - | - |
| Put Option | 0 | - | - | - |
| Unrealized gain/(loss) | 4 | - | - | - |
| Realized gain/(loss) | 0 | - | - | - |
| Interest Rate Cap | 4 | - | - | - |
| Unrealized gain/(loss) | 102 | - | - | - |
| Realized gain/(loss) | 244 | - | - | - |
| Future | 346 | - | - | - |
| Net result from derivative transactions | 350 | -485* | 21 | 1,526 |
| Earnings (loss) from investment in unconsolidated ventures | -256 | -362* | -414 | -288 |
| Gain on extinguishment of debt | 0 | 309* | -106 | 1 |
| Total other income (loss) | 28,863 | 26,820* | 29,654 | 34,731 |
| Compensation and employee benefits | 22,324 | 18,065* | 11,552 | 11,561 |
| Operating expenses | 5,094 | 4,362* | 5,276 | 4,767 |
| Real estate operating expenses | 11,258 | 7,940* | 11,424 | 10,266 |
| Investment related expenses | 1,156 | 1,164* | 855 | 844 |
| Depreciation and amortization | 8,907 | 7,574* | 8,238 | 8,043 |
| Total costs and expenses | 48,739 | 39,103* | 37,345 | 35,481 |
| Income (loss) before taxes | 3,169 | 5,761* | 20,130 | 20,822 |
| Effective income tax rate | 566 | -3,518* | 960 | 3,714 |
| Net income (loss) | 2,603 | 9,279* | 19,170 | 17,108 |
| Net (income) loss attributable to noncontrolling interests in consolidated ventures | -2 | -128* | -19 | -220 |
| Net income (loss) attributable to classa common shareholders | 2,605 | 9,407 | 19,189 | 17,328 |
| Basic EPS | 0.02 | 0.075 | 0.15 | 0.14 |
| Diluted EPS | 0.02 | 0.074 | 0.15 | 0.14 |
| Basic Average Shares | 125,399,604 | 125,315,481 | 125,339,188 | 125,796,410 |
| Diluted Average Shares | 126,017,951 | 126,264,102 | 126,115,547 | 126,204,424 |
Ladder Capital Corp (LADR)
Ladder Capital Corp (LADR)