Weekly Recap: Q3 2026 GAAP income and two nonaccrual loans $61M

Ladder Capital Corp. Class A (NYSE:LADR) reported Q3 2026 GAAP income, distributable earnings and a sizable gain from selling its largest net‑lease asset while carrying two nonaccrual loans of $61M and taking a $3.5M CECL charge; management says a 25bp SOFR rise boosts D/E by ~$0.01/share and will use securities liquidity to chase higher‑yield loans.

Previous Week Recap

• Ladder Capital Corp. Class A GAAP Income Gain: Ladder Capital Corp. Class A (LADR) reported Q3 2026 GAAP income before taxes and diluted EPS, distributable earnings, and a notable gain from the sale of its largest net‑lease asset.
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• Ladder Capital Nonaccrual Loans: Ladder Capital (LADR) held two nonaccrual loans totaling $61M at quarter end: a $51M Los Angeles hotel and a Minneapolis office. Ladder charged off $3.5M CECL, cutting the Minneapolis loan to $9.9M.
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  MarketBeat
• SOFR Rise Boosts Distributable Earnings: Ladder Capital (LADR) says a 25bp SOFR rise adds ~$0.01/share per quarter to distributable earnings. Management plans to use securities as liquidity to pursue higher-yielding loans.
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  MarketBeat