NEW YORK (AP) — NEW YORK (AP) — Ladder Capital Corp. (LADR) on Thursday reported third-quarter earnings of $27.9 million.
The New York-based company said it had profit of 22 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 30 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The commercial real estate mortgage origination and finance company posted revenue of $128.6 million in the period. Its adjusted revenue was $71 million.
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