Earnings Call Summary | Ladder Capital(LADR.US) Q1 2024 Earnings Conference
Earnings Call Summary | Ladder Capital(LADR.US) Q1 2024 Earnings Conference
The following is a summary of the Ladder Capital Corp (LADR) Q1 2024 Earnings Call Transcript:
以下是Ladder Capital Corp(LADR)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
Ladder Capital reported Q1 distributable earnings of $42.3 million, or $0.33 per share, resulting in a 10.8% return on equity.
The company reduced leverage to 1.5x from 1.8x in the previous year.
The firm's balance sheet was 23% cash and cash equivalents, increasing liquidity over $1.5 billion.
Ladder's $2.8 billion balance sheet loan portfolio saw a weighted average yield of 9.42%.
Stable net operating income was contributed by the firm's $963 million real estate portfolio and $467 million securities portfolio.
Ladder Capital公佈的第一季度可分配收益爲4,230萬美元,合每股收益0.33美元,股本回報率爲10.8%。
該公司將槓桿率從去年的1.8倍降至1.5倍。
該公司的資產負債表爲23%的現金及現金等價物,增加了超過15億美元的流動性。
Ladder的28億美元資產負債表貸款組合的加權平均收益率爲9.42%。
穩定的淨營業收入由該公司9.63億美元的房地產投資組合和4.67億美元的證券投資組合貢獻。
Business Progress:
業務進展:
The company received $400 million of payoffs in its loan and security portfolio, increasing liquidity.
There's a shift of focus on new loans under application for future opportunities.
Ladder successfully concluded foreclosure proceedings on a newly renovated Class A multifamily portfolio in Los Angeles.
Company indicates starting to see attractive equity opportunities, particularly around properties being sold at fractions of their original price.
The firm expects opportunities for purchasing buildings or office spaces to emerge more prominently by the end of 2024.
Ladder Capital Corp believes the worst for the commercial real estate sector has passed and expects market conditions to improve.
They are holding onto cash, aiming to invest in long-term, sustainable options.
There is anticipation of adding more to their Current Expected Credit Loss (CECL) reserves.
The company is preparing for a real estate cycle characterized by low interest rates, high leverage, and significant market implications.
該公司的貸款和證券投資組合獲得了4億美元的回報,從而增加了流動性。
重點已轉移到正在申請未來機會的新貸款上。
Ladder成功完成了洛杉磯新裝修的A類多戶住宅投資組合的止贖程序。
公司表示,開始看到有吸引力的股票機會,尤其是在以原始價格的一小部分出售房產方面。
該公司預計,到2024年底,購買建築物或辦公空間的機會將更加突出。
Ladder Capital Corp認爲,商業房地產行業最糟糕的時期已經過去,並預計市場狀況將有所改善。
他們持有現金,目標是投資長期、可持續的期權。
預計其當前預期信用損失(CECL)儲備金將進一步增加。
該公司正在爲以低利率、高槓杆率和重大市場影響爲特徵的房地產週期做準備。
More details: Ladder Capital IR
更多詳情: 天梯資本投資者關係
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:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。