- Ladder Capital ( NYSE: LADR ) stock advanced by 3.4% in Thursday after-hours trading after the Mortgage REIT's stronger-than-expected Q3 earnings that signaled a "strong liquidity position with moderate leverage," said CEO Brian Harris.
- Q3 EPS of $0.23 surpassed the average Wall Street estimate of $0.12 but decreased from $0.28 in the second quarter ended June 30.
- Net interest income was $28.89M compared with $22.56M in Q2.
- Real estate operating income, though, slipped to $27.68M from $28.65M in the prior quarter.
- Total expenses came in at $38.6M, down from $39.06M in Q2.
- Earlier, Ladder Capital GAAP EPS of $0.23, revenue of $69.87M .
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Ladder Capital stock gains after Q3 earnings exceed analyst expectations