Ladder Capital Corp Announces Fourth Quarter 2024 Dividend to Holders of Class A Common Stock

Rhea-AI Summary

Ladder Capital Corp (NYSE: LADR) has announced its fourth quarter 2024 dividend declaration. The company's board of directors has approved a dividend of $0.23 per share of Class A common stock. The dividend will be paid in cash on January 15, 2025, to stockholders who are on record as of the close of business on December 31, 2024.

Positive

• Maintained quarterly dividend of $0.23 per share, demonstrating stable shareholder returns

Negative

• None.

Insights

Financial Analyst

This quarterly dividend declaration of $0.23 per share maintains Ladder Capital's consistent dividend policy, representing an annual yield of approximately 8.3% based on current share prices. The stability in dividend payout signals management's confidence in the company's cash flow generation and commitment to shareholder returns. In the current interest rate environment, LADR's dividend yield remains attractive compared to other commercial mortgage REITs, though investors should note that future sustainability depends on the company's ability to maintain its loan portfolio performance and manage interest rate risks effectively. The unchanged dividend amount suggests a conservative approach to capital allocation while maintaining competitive shareholder distributions.

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the declaration by its board of directors of a fourth quarter 2024 dividend of $0.23 per share of Class A common stock. The cash dividend is payable on January 15, 2025 to stockholders of record as of the close of business on December 31, 2024.

About Ladder

Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.4 billion of assets as of September 30, 2024. 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) owning and operating commercial real estate, including net leased commercial properties; and (iii) investing in investment grade securities secured by first mortgage loans on commercial real estate.

Founded in 2008, 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 11% of the Company’s equity. Ladder is headquartered in New York City with a regional office in Miami, Florida.

Forward-Looking Statements

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 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, 2023, 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/20241213982865/en/

Investor:

Ladder Capital Corp Investor Relations

(917) 369-3207

investor.relations@laddercapital.com

Source: Ladder Capital Corp

FAQ

What is Ladder Capital's Q4 2024 dividend amount per share?

Ladder Capital (LADR) declared a dividend of $0.23 per share of Class A common stock for the fourth quarter of 2024.

When is the payment date for LADR's Q4 2024 dividend?

The Q4 2024 dividend will be paid on January 15, 2025.

What is the record date for Ladder Capital's Q4 2024 dividend?

The record date for LADR's Q4 2024 dividend is December 31, 2024, at the close of business.

What type of shares are eligible for LADR's Q4 2024 dividend?

The dividend is payable to holders of Ladder Capital's Class A common stock.