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Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.
Ladder Capital's Sloan Ratio for the quarter that ended in Mar. 2026 was 29.10%.
Warning Sign:
When sloan ratio (30.75)% higher than 25% or lower than -25%, earnings are more likely to be made up of accruals.
As of Mar. 2026, Ladder Capital has a Sloan Ratio of 29.10%, indicating earnings are more likely to be made up of accruals.
Ladder Capital (LTS:0JSZ) Sloan Ratio % Explanation
A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.
If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.
If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.
If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.
As of Mar. 2026, Ladder Capital has a Sloan Ratio of 29.10%, indicating earnings are more likely to be made up of accruals.
Ladder Capital Sloan Ratio % Related Terms
Ladder Capital Sloan Ratio % Historical Data
* Premium members only.
The historical data trend for Ladder Capital's Sloan Ratio % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
LTS:0JSZ vs TWO, ORC, ARI: Sloan Ratio % Comparison
For the REIT - Mortgage subindustry, Ladder Capital's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ladder Capital Sloan Ratio % vs REITs Industry
For the REITs industry and Real Estate sector, Ladder Capital's Sloan Ratio % distribution charts can be found below:
* The bar in red indicates where Ladder Capital's Sloan Ratio % falls into.
Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.
Ladder Capital's Sloan Ratio for the fiscal year that ended in Dec. 2025 is calculated as
Ladder Capital's Net Income for the trailing twelve months (TTM) ended in Mar. 2026 was 17.328 (Jun. 2025 ) + 19.189 (Sep. 2025 ) + 15.889 (Dec. 2025 ) + 2.605 (Mar. 2026 ) = $55.0 Mil.
Ladder Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was 44.045 (Jun. 2025 ) + 26.338 (Sep. 2025 ) + 45.363 (Dec. 2025 ) + -7.989 (Mar. 2026 ) = $107.8 Mil.
Ladder Capital's Cash Flow from Investing for the trailing twelve months (TTM) ended in Mar. 2026 was -405.574 (Jun. 2025 ) + -291.41 (Sep. 2025 ) + -536.492 (Dec. 2025 ) + -450.872 (Mar. 2026 ) = $-1,684.3 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Ladder Capital (LTS:0JSZ) has a Sloan Ratio % of 29.10% as of Mar. 2026. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ladder Capital and its competitors.
Is Ladder Capital's Sloan Ratio % too high?
Ladder Capital's current Sloan Ratio % is 29.10%. Overall, Ladder Capital has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ladder Capital's Sloan Ratio % compare to TWO and ORC?
Ladder Capital's Sloan Ratio % of 29.10% can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Sloan Ratio % for a REITs company?
A good Sloan Ratio % depends on the REITs industry context. However, Sloan Ratio % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Sloan Ratio % mean?
A high Sloan Ratio % can signal that a stock is expensive relative to its fundamentals. Sloan ratio measures earnings quality based on the amount of accruals. View historical data on Ladder Capital and its competitors. Ladder Capital's current Sloan Ratio % is 29.10%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ladder Capital stock overvalued right now?
Based on GuruFocus' analysis, Ladder Capital (LTS:0JSZ) is currently considered Fairly Valued. The stock's GF Value™ is $10.65, compared to a current price of $10.01 — trading 6% below its estimated fair value. The current Sloan Ratio % is 29.10%. Ladder Capital's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Sloan Ratio % calculated?
Sloan Ratio % is calculated from a company's financial statements. For Ladder Capital (LTS:0JSZ), the current Sloan Ratio % is 29.10% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ladder Capital (LTS:0JSZ) Overvalued in 2026?
Based on GuruFocus' analysis, Ladder Capital stock appears to be undervalued.
The current stock price of $10.01 is trading 6% below its estimated GF Value™ of $10.65.
GuruFocus considers Ladder Capital to be Fairly Valued.
Key valuation signals for LTS:0JSZ:
Sloan Ratio %: 29.10%
GF Value™: $10.65 vs. price of $10.01 (6% below fair value)
No single metric tells the full story. See the LTS:0JSZ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ladder Capital Corp is an internally-managed real estate investment trust that is in commercial real estate finance. The company originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. The company's investment activities include: (i) Primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) owning and operating commercial real estate, including net leased commercial properties; and (iii) investing in investment-grade securities secured by first mortgage loans on commercial real estate. The company has three reportable segments: Loans, which derive maximum revenue; Securities; and Real Estate.
60GF Score
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