REIT - Mortgage
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LADR vs BXMT vs RC
Revenue, margins, valuation, and 5-year total return — side by side.
REIT - Mortgage
REIT - Mortgage
LADR vs BXMT vs RC — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||
|---|---|---|---|
| Industry | REIT - Mortgage | REIT - Mortgage | REIT - Mortgage |
| Market Cap | $1.31B | $3.23B | $324M |
| Revenue (TTM) | $388M | $1.54B | $-9M |
| Net Income (TTM) | $64M | $104M | $-311M |
| Gross Margin | 71.5% | 62.6% | 100.0% |
| Operating Margin | 61.7% | 58.3% | — |
| Forward P/E | 10.2x | 12.0x | — |
| Total Debt | $3.51B | $16.16B | $6.04B |
| Cash & Equiv. | $38M | $453M | $144M |
LADR vs BXMT vs RC — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Ladder Capital Corp (LADR) | 100 | 129.4 | +29.4% |
| Blackstone Mortgage… (BXMT) | 100 | 80.5 | -19.5% |
| Ready Capital Corpo… (RC) | 100 | 34.8 | -65.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: LADR vs BXMT vs RC
Each card shows where this stock fits in a portfolio — not just who wins on paper.
LADR carries the broadest edge in this set and is the clearest fit for income & stability and long-term compounding.
- Dividend streak 0 yrs, beta 0.65, yield 9.1%
- 84.6% 10Y total return vs BXMT's 53.4%
- Lower volatility, beta 0.65, current ratio 0.50x
BXMT is the clearest fit if your priority is growth exposure.
- Rev growth -14.0%, EPS growth 154.7%, 3Y rev CAGR 4.9%
- -14.0% FFO/revenue growth vs RC's -93.0%
- +11.1% vs RC's -48.9%
RC is the clearest fit if your priority is dividends.
- 60.4% yield, vs LADR's 9.1%
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | -14.0% FFO/revenue growth vs RC's -93.0% | |
| Value | Better valuation composite | |
| Quality / Margins | 16.5% margin vs RC's -15.9% | |
| Stability / Safety | Beta 0.65 vs RC's 1.17, lower leverage | |
| Dividends | 60.4% yield, vs LADR's 9.1% | |
| Momentum (1Y) | +11.1% vs RC's -48.9% | |
| Efficiency (ROA) | 1.4% ROA vs RC's -3.7% |
LADR vs BXMT vs RC — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
LADR vs BXMT vs RC — Financial Metrics
Side-by-side numbers across 3 stocks — who leads on profitability, valuation, growth, and risk.
Income & Cash Flow (Last 12 Months)
LADR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
BXMT and RC operate at a comparable scale, with $1.5B and -$9M in trailing revenue. LADR is the more profitable business, keeping 16.5% of every revenue dollar as net income compared to RC's -15.9%. On growth, BXMT holds the edge at +4.0% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||
|---|---|---|---|
| RevenueTrailing 12 months | $388M | $1.5B | -$9M |
| EBITDAEarnings before interest/tax | $273M | $948M | -$95M |
| Net IncomeAfter-tax profit | $64M | $104M | -$311M |
| Free Cash FlowCash after capex | $87M | $335M | $366M |
| Gross MarginGross profit ÷ Revenue | +71.5% | +62.6% | +100.0% |
| Operating MarginEBIT ÷ Revenue | +61.7% | +58.3% | — |
| Net MarginNet income ÷ Revenue | +16.5% | +6.7% | -15.9% |
| FCF MarginFCF ÷ Revenue | +22.4% | +21.8% | -187.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | -20.5% | +4.0% | -69.8% |
| EPS Growth (YoY)Latest quarter vs prior year | -48.0% | — | -86.2% |
Valuation Metrics
BXMT leads this category, winning 3 of 6 comparable metrics.
Valuation Metrics
At 20.1x trailing earnings, LADR trades at a 33% valuation discount to BXMT's 29.9x P/E. On an enterprise value basis, BXMT's 16.3x EV/EBITDA is more attractive than LADR's 17.3x.
| Metric | |||
|---|---|---|---|
| Market CapShares × price | $1.3B | $3.2B | $324M |
| Enterprise ValueMkt cap + debt − cash | $4.8B | $18.9B | $6.2B |
| Trailing P/EPrice ÷ TTM EPS | 20.12x | 29.88x | -0.76x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.19x | 11.96x | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — |
| EV / EBITDAEnterprise value multiple | 17.27x | 16.35x | — |
| Price / SalesMarket cap ÷ Revenue | 3.33x | 2.12x | 11.83x |
| Price / BookPrice ÷ Book value/share | 0.87x | 0.93x | 0.18x |
| Price / FCFMarket cap ÷ FCF | 15.00x | 11.69x | — |
Profitability & Efficiency
LADR leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
LADR delivers a 4.3% return on equity — every $100 of shareholder capital generates $4 in annual profit, vs $-17 for RC. LADR carries lower financial leverage with a 2.37x debt-to-equity ratio, signaling a more conservative balance sheet compared to BXMT's 4.61x. On the Piotroski fundamental quality scale (0–9), BXMT scores 6/9 vs RC's 1/9, reflecting solid financial health.
| Metric | |||
|---|---|---|---|
| ROE (TTM)Return on equity | +4.3% | +2.9% | -16.6% |
| ROA (TTM)Return on assets | +1.4% | +0.5% | -3.7% |
| ROICReturn on invested capital | +4.4% | +4.3% | — |
| ROCEReturn on capital employed | +5.0% | +11.3% | — |
| Piotroski ScoreFundamental quality 0–9 | 4 | 6 | 1 |
| Debt / EquityFinancial leverage | 2.37x | 4.61x | 3.12x |
| Net DebtTotal debt minus cash | $3.5B | $15.7B | $5.9B |
| Cash & Equiv.Liquid assets | $38M | $453M | $144M |
| Total DebtShort + long-term debt | $3.5B | $16.2B | $6.0B |
| Interest CoverageEBIT ÷ Interest expense | 1.38x | 1.11x | — |
Total Returns (Dividends Reinvested)
BXMT leads this category, winning 4 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in LADR five years ago would be worth $12,831 today (with dividends reinvested), compared to $5,503 for RC. Over the past 12 months, BXMT leads with a +11.1% total return vs RC's -48.9%. The 3-year compound annual growth rate (CAGR) favors BXMT at 13.4% vs RC's -23.7% — a key indicator of consistent wealth creation.
| Metric | |||
|---|---|---|---|
| YTD ReturnYear-to-date | -5.5% | +0.6% | -6.1% |
| 1-Year ReturnPast 12 months | +7.6% | +11.1% | -48.9% |
| 3-Year ReturnCumulative with dividends | +40.2% | +45.7% | -55.6% |
| 5-Year ReturnCumulative with dividends | +28.3% | -3.3% | -45.0% |
| 10-Year ReturnCumulative with dividends | +84.6% | +53.4% | +5.5% |
| CAGR (3Y)Annualised 3-year return | +11.9% | +13.4% | -23.7% |
Risk & Volatility
Evenly matched — LADR and BXMT each lead in 1 of 2 comparable metrics.
Risk & Volatility
LADR is the less volatile stock with a 0.65 beta — it tends to amplify market swings less than RC's 1.17 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. BXMT currently trades 92.5% from its 52-week high vs RC's 42.1% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||
|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.65x | 0.74x | 1.17x |
| 52-Week HighHighest price in past year | $11.92 | $20.67 | $4.75 |
| 52-Week LowLowest price in past year | $9.61 | $17.67 | $1.51 |
| % of 52W HighCurrent price vs 52-week peak | +86.1% | +92.5% | +42.1% |
| RSI (14)Momentum oscillator 0–100 | 48.6 | 40.4 | 54.7 |
| Avg Volume (50D)Average daily shares traded | 848K | 1.4M | 2.1M |
Analyst Outlook
RC leads this category, winning 1 of 1 comparable metric.
Analyst Outlook
Analyst consensus: LADR as "Buy", BXMT as "Hold", RC as "Buy". Consensus price targets imply 26.7% upside for LADR (target: $13) vs 25.0% for RC (target: $3). For income investors, RC offers the higher dividend yield at 60.44% vs LADR's 9.07%.
| Metric | |||
|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy |
| Price TargetConsensus 12-month target | $13.00 | — | $2.50 |
| # AnalystsCovering analysts | 17 | 18 | 16 |
| Dividend YieldAnnual dividend ÷ price | +9.1% | +9.9% | +60.4% |
| Dividend StreakConsecutive years of raises | 0 | 0 | 0 |
| Dividend / ShareAnnual DPS | $0.93 | $1.89 | $1.21 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.9% | +3.4% | +25.4% |
LADR leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). BXMT leads in 2 (Valuation Metrics, Total Returns). 1 tied.
LADR vs BXMT vs RC: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is LADR or BXMT or RC a better buy right now?
For growth investors, Blackstone Mortgage Trust, Inc.
(BXMT) is the stronger pick with -14. 0% revenue growth year-over-year, versus -93. 0% for Ready Capital Corporation (RC). Ladder Capital Corp (LADR) offers the better valuation at 20. 1x trailing P/E (10. 2x forward), making it the more compelling value choice. Analysts rate Ladder Capital Corp (LADR) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — LADR or BXMT or RC?
On trailing P/E, Ladder Capital Corp (LADR) is the cheapest at 20.
1x versus Blackstone Mortgage Trust, Inc. at 29. 9x. On forward P/E, Ladder Capital Corp is actually cheaper at 10. 2x.
03Which is the better long-term investment — LADR or BXMT or RC?
Over the past 5 years, Ladder Capital Corp (LADR) delivered a total return of +28.
3%, compared to -45. 0% for Ready Capital Corporation (RC). Over 10 years, the gap is even starker: LADR returned +84. 6% versus RC's +5. 5%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — LADR or BXMT or RC?
By beta (market sensitivity over 5 years), Ladder Capital Corp (LADR) is the lower-risk stock at 0.
65β versus Ready Capital Corporation's 1. 17β — meaning RC is approximately 82% more volatile than LADR relative to the S&P 500. On balance sheet safety, Ladder Capital Corp (LADR) carries a lower debt/equity ratio of 2% versus 5% for Blackstone Mortgage Trust, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — LADR or BXMT or RC?
By revenue growth (latest reported year), Blackstone Mortgage Trust, Inc.
(BXMT) is pulling ahead at -14. 0% versus -93. 0% for Ready Capital Corporation (RC). On earnings-per-share growth, the picture is similar: Blackstone Mortgage Trust, Inc. grew EPS 154. 7% year-over-year, compared to -217. 9% for Ready Capital Corporation. Over a 3-year CAGR, BXMT leads at 4. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — LADR or BXMT or RC?
Ladder Capital Corp (LADR) is the more profitable company, earning 16.
4% net margin versus -1593. 0% for Ready Capital Corporation — meaning it keeps 16. 4% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: BXMT leads at 71. 6% versus 0. 0% for RC. At the gross margin level — before operating expenses — RC leads at 100. 0%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is LADR or BXMT or RC more undervalued right now?
On forward earnings alone, Ladder Capital Corp (LADR) trades at 10.
2x forward P/E versus 12. 0x for Blackstone Mortgage Trust, Inc. — 1. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for LADR: 26. 7% to $13. 00.
08Which pays a better dividend — LADR or BXMT or RC?
All stocks in this comparison pay dividends.
Ready Capital Corporation (RC) offers the highest yield at 60. 4%, versus 9. 1% for Ladder Capital Corp (LADR).
09Is LADR or BXMT or RC better for a retirement portfolio?
For long-horizon retirement investors, Ladder Capital Corp (LADR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
65), 9. 1% yield). Both have compounded well over 10 years (LADR: +84. 6%, RC: +5. 5%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between LADR and BXMT and RC?
Both stocks operate in the Real Estate sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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