LADR - Ladder Capital: Improving Credit Trends Make This 8.4% Yielding Trust A Buy
2024-04-30 15:48:03 ET
Summary
- Ladder Capital Corp offers a compelling value proposition for passive income investors with a well-diversified commercial real estate loan portfolio and solid dividend coverage.
- The trust's 8.4% yield has been well-covered by distributable earnings, and it has seen a decline in credit provisions for two consecutive quarters.
- Ladder Capital has relatively low exposure to the U.S. office market compared to its peers, making it a favorable option for investors.
Ladder Capital Corp ( LADR ) owns a large portfolio of mortgage assets and is a leading originator of mortgage loans in the U.S. commercial real estate market....
Ladder Capital: Improving Credit Trends Make This 8.4% Yielding Trust A Buy