Dallas Salazar
IPOs, contrarian, long/short equity, long-term horizon

Ladder Capital: A Potential Record-Breaking Quarter Coming Up Should Lead To A Record-Breaking Full Year For This Growing CMBS Player

Who is Ladder Capital?

Ladder Capital (NYSE:LADR) is a commercial real estate finance company with some very interesting capabilities. LADR recently closed an IPO on 2/11/2014 selling 15,237,500 shares of Class A common stock to the public at $17/share, including 1,987,500 shares of Class A common stock sold in connection with the full exercise of the underwriters' over-allotment option. Net proceeds from the offering were $238.3 million after deducting estimated fees and expenses associated with the IPO.

The stock has since traded in a range of $16.50 to $19.98, including closing at $19.75 on 6/7/2014. The stock has an IPO to date performance of 16.18% and is approaching a 52-week high, among other positive technical indications, which will...

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