Ladder Capital Corp Announces $0.01 Per Share Dividend Increase and Third Quarter 2022 Dividend to Holders of Class A Common Stock

Rhea-AI Summary

Ladder Capital Corp (NYSE: LADR) has announced a third quarter 2022 dividend of $0.23 per share for its Class A common stock, marking a $0.01 increase from the previous quarter. This dividend is payable on October 17, 2022, to shareholders on record by September 30, 2022. This represents a cumulative 15% increase in dividends for 2022, underscoring the company's strong earnings momentum. Ladder, with $5.8 billion in assets, aims to protect shareholder capital and provide attractive returns.

Positive

• Increased dividend amount of $0.23 per share indicates strong financial performance.
• 15% cumulative increase in dividends for 2022 demonstrates company confidence and positive earnings momentum.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the declaration by its Board of Directors of a third quarter 2022 dividend of $0.23 per share of Class A common stock, representing a $0.01 per share increase in Ladder's quarterly cash dividend. The cash dividend is payable on October 17, 2022 to stockholders of record as of the close of business on September 30, 2022.

"We are pleased to announce the second consecutive increase in our regular quarterly cash dividend to $0.23 per share. This represents a 15% cumulative increase to Ladder’s quarterly payout to shareholders in 2022 and is driven by the underlying strength of our business and continued positive earnings momentum." said Brian Harris, Ladder's Chief Executive Officer.

Ladder expects to review its dividend policy again in the coming quarters.

About Ladder

Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.8 billion of assets as of June 30, 2022. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns. As one of the nation’s leading commercial real estate capital providers, we specialize in underwriting commercial real estate and offering flexible capital solutions within a sophisticated platform.

Ladder originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. Our investment activities include: (i) our primary business of originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures; (ii) investing in investment grade securities secured by first mortgage loans on commercial real estate; and (iii) owning and operating commercial real estate, including net leased commercial properties.

Founded in 2008, and led by Brian Harris, the Company’s Chief Executive Officer, Ladder is run by a highly experienced management team with extensive expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. Members of Ladder’s management and board of directors are highly aligned with the Company’s investors, owning over 10% of the Company’s equity. Ladder is headquartered in New York City with regional offices in Miami, Florida and Santa Monica, California.

Forward-Looking Statements and Coronavirus Risk

Certain statements in this release may constitute “forward-looking” statements. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or future results. These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions. Actual results, levels of activity, performance, achievements and events could differ materially from those stated, anticipated or implied by such forward-looking statements. While Ladder believes that its assumptions are reasonable, it is very difficult to predict the impact of known factors, and, of course, it is impossible to anticipate all factors that could affect actual results, including the impact of the COVID-19 pandemic on the Company's business. There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2021, as well as its consolidated financial statements, related notes, and other financial information appearing therein, and its other filings with the U.S. Securities and Exchange Commission. Such forward-looking statements are made only as of the date of this release. Ladder expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in its expectations with regard thereto or changes in events, conditions, or circumstances on which any such statement is based.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220915005319/en/

Investors

Ladder Capital Corp Investor Relations

(917) 369-3207

investor.relations@laddercapital.com

Source: Ladder Capital Corp

FAQ

What is the dividend amount for Ladder Capital Corp (LADR) in Q3 2022?

The dividend amount for Q3 2022 is $0.23 per share.

When is the dividend payment date for LADR?

The dividend payment date is October 17, 2022.

What is the record date for the dividend payment of Ladder Capital Corp (LADR)?

The record date for the dividend payment is September 30, 2022.

How much has Ladder Capital increased its dividend in 2022?

Ladder Capital has increased its dividend by a cumulative 15% in 2022.

What is the asset value of Ladder Capital Corp (LADR)?

Ladder Capital Corp has $5.8 billion in assets as of June 30, 2022.