QualityDipStocks / Real Estate · REITs
Ladder Capital LADR
Outside our quality screen, so we don’t track its dips. It’s 19% below its 52-week high.
Outside our quality screen, trading well below our fair value estimate.
Worth knowing
- Lowest close since Oct 2023
- Dividend yield 10%, top 2% of the 2092 we measure
From the data on this page, as of the last close. How we pick these
- Fair value est.
- $11.80+27%
- Market Value
- $9.20price +1%
- Off 52-wk high
- −19%
- Risk vs market
- Lowbeta 0.35
52-week range 26% of the way from its 52-week low to its high
Price $9.28Fair value est. $11.80Market Value $9.20
5 bullish · 4 bearish See why
Repriced or dip?
Dip: business intact
The price is 19% below its 52-week high (Dec 18), but the business held up: revenue +16.8%, revenue growth rate +17.6 pts, earnings per share +26.2%.
Some numbers held up (revenue +16.8%, revenue growth rate +17.6 pts, earnings per share +26.2%), others slipped. The price is 19% below its 52-week high.
The price is 19% below its 52-week high, and the business changed too.
Within 10% of its 52-week high, so there is no dip to judge yet.
The evidence 8 numbers, high vs now
- Revenue, last 12 months$98M → $114M (+16.8%)held up
- Revenue growth rate−0.8% → +16.8% a year (+17.6 pts)held up
- Earnings per share, 12 months$0.63 → $0.79 (+26.2%)held up
- Free cash flow, 12 months−$22M → $79M, turned positiveheld up
- Shares outstanding−1.0% (fewer shares, each owns more)held up
- Stock vs its sector (Real Estate)stock −19%, sector median +4% since Dec 18changed
- Price fall vs business numbersprice −19%, revenue/EPS/FCF median +21% (shown, not scored)
- Valuation multipleP/E 18.2× at the high → 11.7× now (shown, not scored)
Business numbers as reported at the high (12 months to Sep 30, 2025) vs the latest filing (12 months to Sep 30, 2026). Each measure is scored from −1 (business changed) to +1 (business intact) and weighted: revenue, earnings per share, free cash flow, operating margin, revenue growth rate, share count, net cash and the move vs its sector. 60 or more reads as a dip, 40 or less as a repricing. Analyst estimates are not in our data, so they are not used. How to read it
Data-based read, not advice.
Priced in
How much growth the market assumed at the 52-week high, the low and today (a reverse DCF).
At the low ($8.52, Oct 5) about −3%; today about 2%. The last 3 years delivered −8%/yr (free cash flow).
Dashed line: what the last 3 years delivered, −8%/yr (free cash flow)
| High | Low | Now | |
|---|---|---|---|
| Price | $11.42Dec 18 | $8.52Oct 5 | $9.28 |
| Implied growth | n/a | −3% | +2% |
| P/E | 18.2× | 20.4× | 11.7× |
| P/FCF | — | 11.2× | 14.8× |
What this means: the higher the implied growth, the more the price already counts on. If today's number sits well below what the business has delivered, the market expects less than its track record.
How it’s computed
Reverse DCF: the same 10-year free-cash-flow model as our fair value estimate (9.5% discount rate, growth for years 1–5 fading to 3% by year 10, 3% after), solved for the growth that makes it equal the market value at each price. For the high and the low we use only the filings that were public on that day, so nothing from a later report leaks back. Market value = that close × diluted shares. P/E = market value / 12-month net income; Price / FCF = market value / 12-month free cash flow; EV / Sales = (market value + debt − cash) / 12-month revenue. Hidden when the share count moved over 20% (split, merger), free cash flow is negative, or the company reports in another currency.
Valuation
What we estimate it's worth, and how it ranks on value vs every stock we cover.
Fair value estimate
How the range is computed
Ten-year free-cash-flow DCF. Same 10-year free-cash-flow model as the base: discount rate 9.5% ±1 point and growth 6.0% ±2 points. Bear = 10.5% and 4.0%; bull = 8.5% and 8.0% (both fade to 3%). A model estimate from public filings, not a forecast of where the price will go.
Price sits inside the range.
What the price implies To be worth today’s price, LADR’s free cash flow would need to grow about 2% a year for five years; our estimate uses 6%.
Risk vs market
How risk vs market is measured
One year of daily returns (Oct 31 to Nov 2, 252 sessions). Beta = how much LADR moved for each 1% move in the S&P 500 (SPY); 1.0 moves with the market. Volatility is the yearly standard deviation of daily returns. Past behavior, not a forecast.
Moves much less than the market, but its own price swings are 1.7× the S&P 500’s (it moves on its own news).
- Beta vs S&P 500
- 0.35
- Volatility
- 21% vs 13% SPY
- Correlation SPY
- 0.21
- Correlation QQQ
- 0.02
How it ranks
Where LADR stands vs every one of the 2,467 stocks we cover that has the number. Longer bar = better.
Top quarter on 1 of 3 measures
- Discount to fair value estimate27% · price below our base caseTop 31%of 1,507
- Dividends + buybacks yield13% · cash paid out or used to retire shares, vs market capTop 3%of 2,227
- Revenue growth, last 12 months+17% · vs the 12 months beforeTop 31%of 2,184
From SEC filings and our fair value estimate model. A ranking, not advice.
Valuation details
DCF $11.80 · MV $9.20 · FCF value $15.47
Assumes 6.0% growth for 5 years (default; under two years of revenue in SEC data), fading to 3%; 9.5% discount rate, 3% terminal growth. FCF base $0.63 a share (trailing 12 months to Sep 30, 2026), from the 10-Q filed Oct 26, 2026.
Fundamentals
The business itself: sales, profits, cash and debt, from SEC filings.
Bull vs bear
Rule-based from the data on this page, strongest first. Not advice.
Top bullish points 5 of 5
ValuationOur DCF fair value estimate is $11.80, 27% above the price.
ValuationP/E of 11.7× vs a 25.2× median for the 90 Real Estate companies we cover.
ValuationFree-cash-flow yield of 6.8% (price / FCF 14.8×): $79M of free cash in the last 12 months.
Cash returnsDividend yield of 10.1% ($117M paid over 12 months).
ValuationPrice / book of 0.8×, below the 1.8× median for the 105 Real Estate companies we cover.
Top bearish points 4 of 5
GrowthDiluted EPS fell 41% to $0.51 in FY2025.
Cash returnsPays out more in dividends than it earns: $117M paid vs $99M of net income.
ProfitabilityReturn on equity is only 7% over the last 12 months.
QualityDoesn’t pass our quality screen: ROE under 12% and ROIC under 10%; debt load unclear or high.
All fundamentals
P/E 11.7 · FCF yield 6.8% · ROE 7%
Valuation
- P/E
- 11.7×Real Estate median 25.2×
- Price / FCF
- 14.8×
- FCF yield
- 6.8%
- EV / EBITDA
- n/aD&A or debt not tagged in SEC data
- Price / sales
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Price / book
- 0.79×
- Market cap
- $1.2Bprice × diluted shares
- Enterprise value
- n/anot reported in its SEC filings
Growth
- Revenue, 12 months
- n/athe SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Sales growth, 12 months
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Sales growth, 3 yrs
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- Diluted EPS, 12 months
- $0.79
- EPS growth, last FY
- −40.7%
- Net income, 12 months
- $99M
- Net income growth
- +25%12 months vs before
Profitability
- Gross margin
- n/agross profit isn't reported (common for service and financial companies)
- Operating margin
- n/anot reported in its SEC filings
- Net margin
- n/aneeds total revenue: the SEC revenue tag covers only part of this company's revenue (it is under 1.5x net income)
- FCF margin
- 68.9%
- Return on equity
- 7%
- Return on invested capital
- n/aoperating income, debt, equity or cash not tagged
Balance sheet
- Cash & short-term inv.
- $42M
- Total debt
- n/anot reported in its SEC filings
- Net cash
- n/acash or debt not tagged in SEC data
- Debt / equity
- n/adebt or equity not tagged in SEC data
- Interest coverage
- n/ainterest expense not tagged in SEC data
Cash flow & returns
- Free cash flow, 12 months
- $79M
- FCF growth, 12 months
- n/anot reported in its SEC filings
- Dividend yield
- 10.07%$117M paid
- Payout ratio
- 118%
- Buybacks, 12 months
- $31M2.7% of market cap
- Share count, 1 year
- −1.0%diluted shares vs a year ago
- Stock-based comp
- $25M
Trailing 12 months to Sep 30, 2026; balance sheet at Sep 30, 2026. From Ladder Capital’s SEC filings. Sparklines show up to six fiscal years. n/a means we don’t hold that number, with the reason. How each is computed.
The business
FCF $0.1B · Sales +96%
- Free cash flow, 12 months$0.1B
- Free-cash-flow yield6.8%
- Gross margin74%
- Operating margin60%
- Return on invested capital2%
- Return on equity7%
- Sales growth (latest quarter vs year-ago quarter)+96%
Chart & levels
Where the price is vs its key levels and trends.
Key levels
Every level vs today’s $9.28
- 52-wk lowlowest close, 1 year$8.52−8.2%
- Market Valueavg paid since Oct 16$9.20−0.9%
- PriceMon Nov 2 close$9.28you are here
- 52-wk highhighest close, 1 year$11.42+23.1%
- Fair value est.base case$11.80+27.1%
Momentum & 52-week range
RSI 55 · 5 days −0.1%
Signals
Reversal signal setups, the public ledger and the next earnings date.
Setup & signals
No setup armed
No setup armed, so there’s no trigger or stop to track yet. Reversal signal rules only run on companies that pass our quality screen.
LADR is outside our quality screen
One text when a published rule fires on one of the 332 quality companies we track: the ticker, the price, the stop and a link to the numbers. Nothing else.
Voices & buzz
Who is talking about it, and how it compares with peers.
Who’s talking about it
Notable investors, executives, analysts and public figures on Ladder Capital in the last 48 hours. Headlines as published, each linked. Their words, not ours.
No notable mentions in the last 48 hours. Checked Nov 3, 5:14 PM ET.
Compare with peers
Closest in size in REITs
Information only, not investment advice. Fair value estimates and talking points are rule-based model output from public data and can be wrong; stop levels are reference points, not orders. How every number is computed.