Ladder Capital Corp (NYSE:LADR) Q2 2023 Earnings Call Transcript

I think we’ll be a little more aggressive than people think in acquiring new loans and securities in the next second half of the year. Tethered, you mentioned the stock price where can it go? The earnings power of the company at 1.7 times leverage with that much cash in the system is quite high, equally see how we can drive these earnings much, much higher, but obviously, we want to operate safely. And I think you’re going to start to see us do that in the second half of the year.

Steve DeLaney: Well, you’re in a great position. It will be exciting to watch what you do in the next 6 months. So thank you. Appreciate the comments, Brian.

Brian Harris: Sure.

Operator: Thank you. Ladies and gentlemen, as there are no further questions, I would now hand the conference over to Brian Harris for closing comments.

Brian Harris: I’ll just close by saying I know it’s a summer week with 100 degrees here in Manhattan or 90. So thank you for jumping on the call with us. We’re available if you’re weren’t on the call here and needed to talk to us, feel free to give us a call. And thank you for your attention on this one. We look forward to the second half and doing good things. Thanks.

Operator: Thank you. The conference of Ladder Capital Corp has now concluded. Thank you for your participation. You may now disconnect your lines.