Ladder Capital (NYSE:LADR) Misses Q4 Revenue, YOY Drop 26.4% to $50.47M

Ladder Capital (NYSE:LADR) reported Q4 CY2025 revenue of $50.47 million, a 26.4% year-on-year decline, and non-GAAP profit of $0.17 per share, 28.3% below consensus. The stock closed flat at $10.95. Net interest income accounted for 35.2% of total revenue over the past five years, indicating diversification. Revenue growth moderated over the last two years, with a 9.7% annual decline. The quarter included outlier investment gains/losses not indicative of recurring fundamentals. The company originated commercial real estate loans, owns commercial properties, and invests in real estate securities. While the latest results underperformed, investors should consider whether long-term business quality and current valuation create a compelling entry point, as detailed in our free full research report.