Ladder Capital Corp 10-Q Report Highlights

By Tamara Parker • Sunday, July 28 06:02 • Permanent Link

Ladder Capital Corp has recently released its 10-Q report, revealing a detailed look at the company's operations. Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States, with three segments: Loans, Securities, and Real Estate. The company was founded in 2008 and is headquartered in New York, New York.

In the 10-Q report, Ladder Capital Corp's management discussed the financial condition and results of operations. The report highlighted the company's activities, including originating and investing in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. The report also emphasized the company's ability to flexibly allocate capital among complementary product lines, its credit-centric underwriting approach, and its access to diversified financing sources, all of which position Ladder Capital Corp to deliver attractive returns on equity to its shareholders through economic and credit cycles.

The report provided specific figures, revealing that Ladder Capital Corp has originated $29.8 billion of commercial real estate loans since its inception in October 2008 through June 30, 2024. Additionally, the company acquired $13.3 billion of predominantly investment-grade-rated securities secured by first mortgage loans on commercial real estate and $2.1 billion of selected net leased and other real estate assets during the same period. Ladder Capital Corp also disclosed that it has been one of the largest non-bank contributors of loans to CMBS securitizations in the United States.

The report also detailed the company's financing strategies, which include unsecured corporate bonds, CLO transactions, secured loan and securities repurchase facilities, non-recourse mortgage debt, revolving credit facility, loan sales and securitizations, and unencumbered assets available. These financing sources are crucial to complement the company's asset composition and diversify its exposure across multiple capital markets and counterparties.

Today the company's shares have moved 0.5% to a price of $12.2. Check out the company's full 10-Q submission here.

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