LADR (Ladder Capital) Scaled Net Operating Assets: 0.84 (As of Mar. 2026)


LADR Ladder Capital Corp LADR
57 GF Score
Price $10.38
GF Value $10.28
Valuation Fairly Valued
! 7 Warning Signs
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What is Ladder Capital Scaled Net Operating Assets?

Ladder Capital LADR +2.06% 57 Scaled Net Operating Assets is 0.84 as of Mar. 2026. GuruFocus rates LADR with a GF Score™ of 57/100 and a GF Value™ of $10.28 (Fairly Valued). The stock has 7 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ladder Capital's operating assets for the quarter that ended in Mar. 2026 was $5,381.4 Mil. Ladder Capital's operating liabilities for the quarter that ended in Mar. 2026 was $1,069.5 Mil. Ladder Capital's Total Assets for the quarter that ended in Dec. 2025 was $5,152.6 Mil. Therefore, Ladder Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.84.

LADR
57GF Score
Ladder Capital Corp LADR
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Ladder Capital Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ladder Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(5114.597-787.803)/4845.073
=0.89

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5152.55 - 37.953
=5114.597

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=3671.193 - 2603.39 - 280
=787.803

Ladder Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(5381.358-1069.493)/5152.55
=0.84

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=5606.678 - 225.32
=5381.358

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=4162.143 - 2600.65 - 492
=1069.493

* 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.

What does a Scaled Net Operating Assets of 0.84 mean?
Ladder Capital (LADR) has a Scaled Net Operating Assets of 0.84 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ladder Capital and its competitors.
Is Ladder Capital's Scaled Net Operating Assets too high?
Ladder Capital's current Scaled Net Operating Assets is 0.84. Overall, Ladder Capital has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ladder Capital's Scaled Net Operating Assets compare to TWO and ORC?
Ladder Capital's Scaled Net Operating Assets of 0.84 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 Scaled Net Operating Assets for a REITs company?
A good Scaled Net Operating Assets depends on the REITs industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Ladder Capital and its competitors. Ladder Capital's current Scaled Net Operating Assets is 0.84. 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 (LADR) is currently considered Fairly Valued. The stock's GF Value™ is $10.28, compared to a current price of $10.38 — trading 1% above its estimated fair value. The current Scaled Net Operating Assets is 0.84. Ladder Capital's overall GF Score™ is 57/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Ladder Capital (LADR), the current Scaled Net Operating Assets is 0.84 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 (LADR) Overvalued in 2026?

Based on GuruFocus' analysis, Ladder Capital stock appears to be overvalued. The current stock price of $10.38 is trading 1% above its estimated GF Value™ of $10.28. GuruFocus considers Ladder Capital to be Fairly Valued.

Key valuation signals for LADR:

  • Scaled Net Operating Assets: 0.84
  • GF Value™: $10.28 vs. price of $10.38 (1% above fair value)
  • GF Score™: 57/100 with 7 warning signs

No single metric tells the full story. See the LADR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ladder Capital Business Description

Industry Real EstateREITs
Other Exchanges 0JSZ:UKLD1A:Germany
Address 320 Park Avenue, 15th Floor, New York, NY, USA, 10022
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.
57GF Score

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$10.38
Price
$10.28
GF Value