Ladder Capital: Sustainable 8% Yield And Upside

Ladder Capital (NYSE: LADR) delivered solid results for its second quarter last week and maintained healthy dividen coverges. Ladder Capinlas report also stood out because continual loan problems in its office segment. While Ladder Capital also had to increase its reserve for loan losses in Q2, the REIT has a high safety margin as far as the dividend goes and shares, given the quality of the REIT's dividend coverage and distributable eamings performance, are now trading at a premium to book value. I still P ...