NEW YORK (AP) — NEW YORK (AP) — Ladder Capital Corp. (LADR) on Thursday reported first-quarter earnings of $16.6 million.
The New York-based company said it had profit of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 33 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The commercial real estate mortgage origination and finance company posted revenue of $127.8 million in the period. Its adjusted revenue was $69 million.
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