NEW YORK (AP) _ Ladder Capital Corp. (LADR) on Thursday reported second-quarter net income of $10.3 million, after reporting a loss in the same period a year earlier.

The New York-based company said it had profit of 8 cents per share. Earnings, adjusted for one-time gains and costs, were 10 cents per share.

The commercial real estate mortgage origination and finance company posted revenue of $85.7 million in the period. Its adjusted revenue was $40.5 million.

Ladder Capital shares have climbed 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.49, an increase of 49% in the last 12 months.

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