Ladder Capital Corp has recently released its 10-Q report, providing an insight into the company's financial condition and operations. Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States, focusing on senior secured assets in 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 company's financial condition and results of operations. The report highlighted the company's investment activities, including originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate, owning and operating commercial real estate, and investing in investment grade securities secured by first mortgage loans on commercial real estate.
The report also provided detailed information about the company's investment portfolio as of September 30, 2024. Ladder Capital Corp disclosed that it has originated $29.8 billion of commercial real estate loans, acquired $13.8 billion of predominantly investment grade-rated securities secured by first mortgage loans on commercial real estate, and acquired $2.1 billion of selected net leased and other real estate assets. The company also emphasized its role as one of the largest non-bank contributors of loans to CMBS securitizations in the United States.
Furthermore, the report outlined Ladder Capital Corp's financing strategies, including the use of unsecured corporate bonds, non-recourse, non-mark-to-market Collateralized Loan Obligations (CLO) debt issuances, and committed term financing from leading financial institutions. The company's management team, with an average of 28 years of experience in the industry, actively manages the liquidity and operations of the company in light of market conditions, including the current interest rate environment and potential recessionary conditions.
The report also provided detailed insights into the company's businesses, including its investments in loans, securities, and other interests in U.S. commercial real estate. Ladder Capital Corp's loan portfolio includes balance sheet first mortgage loans, other commercial real estate-related loans, and conduit first mortgage loans. Additionally, the company owns net leased commercial real estate properties and diversified commercial real estate properties.
Today the company's shares have moved 0.0% to a price of $11.29. For the full picture, make sure to review Ladder Capital Corp's 10-Q report.
