Ladder Capital Corp's stock fell sharply during intraday trading, plummeting 5.02% as investors reacted negatively to the company's latest quarterly results.
The commercial real estate finance company reported fourth-quarter distributable earnings of $0.17 per share, which missed the analyst consensus estimate of $0.24 by 28.27%. This represents a significant 37.04% decrease compared to earnings of $0.27 per share from the same period last year.
While the company reported quarterly sales that beat estimates, the substantial earnings miss and year-over-year decline appear to have driven the sell-off. The results indicate challenges in maintaining profitability amid current market conditions for the real estate finance sector.