Ladder Capital Corp (LADR) Q3 2024 Earnings Conference Call Transcript Summary
Ladder Capital Corp (LADR) Q3 2024 Earnings Conference Call Transcript Summary
The company achieved a large liquidity position by the end of September 30, 2024, with $1.9 billion in liquidity, and $1.6 billion in cash and cash equivalents.The following is a summary of the Ladder Capital Corp (LADR) Q3 2024 Earnings Conference Call Transcript:
以下是ladder capital公司（LADR）2024年第三季度業績會電話會議記錄摘要：
Financial Performance:
金融業績：
Ladder Capital reported distributable earnings of $37.7 million or $0.30 per share for Q3 2024.
Return on equity stood at 9.8%, with an adjusted leverage of 1.6 times.
The company achieved a large liquidity position by the end of September 30, 2024, with $1.9 billion in liquidity, and $1.6 billion in cash and cash equivalents.
Closed a $500 million seven-year unsecured corporate bond offering, contributing to 57% of total debt from unsecured corporate bonds.
ladder capital報告2024年第三季度每股分配收益3770萬美元，每股0.30美元。
淨資產收益率爲9.8%，調整後槓桿率爲1.6倍。
截至2024年9月30日，公司現金及現金等價物達到19億美元，現金及現金等價物達到16億美元，實現了較大的流動性。
完成了50000萬美元期限爲七年的無擔保公司債券發行，使無擔保公司債券佔總債務的57%。
Business Progress:
業務進展：
Focus shifting towards bridge lending, with increased activity in acquisitions and recaps for properties across the U.S.
Transitioning from holding CUSIPs to making new loans as part of recovery strategy.
Continued acquisition of AAA securities, with the portfolio expanding to $853 million by quarter end at an unlevered yield of 6.8%.
Sold a multifamily property in Texas realizing a $300,000 gain, and another multifamily property under contract expected to close in Q4 2024.
重點轉向橋式貸款，加大了在美國各地房產收購和重組方面的活動。
過渡從持有CUSIPs到作爲復甦策略的一部分提供新貸款。
繼續收購AAA證券，投資組合擴大至85300萬美元，不帶槓桿的收益率爲6.8%。
出售了德克薩斯州的一個多戶家庭物業，獲得30萬美元的收益，另一個預計於2024年第四季度完成收購。
Opportunities:
機會：
Beginning to capitalize on market conditions for origination as securities spread tighten, indicating improved conditions for loan origination.
Actively pursuing new loan investments with conservative approach amidst growing transaction levels and market recovery.
開始利用市場條件進行債券型融資，表明貸款發起條件有所改善。
在交易量增長和市場復甦之際積極追求新貸款投資，採取保守的方法。
Risks:
風險：
Gradual recovery in AI services may impact the pace of new market acquisitions.
Potential challenges in areas like Oakland, California where an office property was taken over but faces market and socioeconomic dynamics.
人工智能服務逐漸復甦可能影響新市場收購的步伐。
在奧克蘭，加利福尼亞等地區存在潛在挑戰，辦公樓被接管，但面臨市場和社會經濟動態。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
