NEW YORK (AP) — NEW YORK (AP) — Ladder Capital Corp. (LADR) on Thursday reported profit of $17.3 million in its second quarter.
On a per-share basis, the New York-based company said it had net income of 14 cents. Earnings, adjusted for non-recurring costs and stock option expense, were 23 cents per share.
The commercial real estate mortgage origination and finance company posted revenue of $97.5 million in the period. Its adjusted revenue was $56.3 million.
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