Ladder Capital Corp Announces Tax Treatment of 2020 Dividends

Rhea-AI Summary

Ladder Capital Corp (NYSE: LADR) has disclosed the tax treatment for its 2020 Class A common stock dividends. The record date for the dividends was March 10, 2020, with a payable date of April 1, 2020. Shareholders received a total distribution of $0.740 per share, comprising ordinary dividends of $0.500, qualified dividends of $0.085, and Section 199A dividends of $0.155. Notably, the $0.200 fourth-quarter dividend paid on January 15, 2021, will be reported for 2021 tax purposes.

Positive

• Total 2020 dividends amounting to $0.740, indicating a healthy return to shareholders.
• Management team aligned with investors, owning over 10% of the company's equity.

Negative

• None.

Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2020 Class A common stock dividend payments. For the tax year ended December 31, 2020, the tax treatment of distributions paid in respect of Class A common stock is as follows:

Record Date		Payable Date			Distribution per Share		Ordinary Dividends		Qualified Dividends (1)		Capital Gain		Unrecapt. 1250 Gain (2)		Return of Capital		Sec. 199A Dividends (3)
Form 1099		References:			(Boxes 1a 2a + 3)		Box 1a		Box 1b		Box 2a		Box 2b		Box 3		Box 5
3/10/2020		4/1/2020			$0.340		$0.230		$0.000		$0.039		$0.016		$0.071		$0.230
6/10/2020		7/1/2020			0.200		0.135		0.000		0.023		0.009		0.042		0.135
9/10/2020		10/1/2020			0.200		0.135		0.000		0.023		0.009		0.042		0.135
12/31/2020		1/15/2021(4)			-		-		-		-		-		-		-
Total 2020 Dividends					$0.740		$0.500		$0.000		$0.085		$0.034		$0.155		$0.500
Notes:			(1) Amounts in 1b are included in 1a
			(2) Amounts in 2b are included in 2a
			(3) Amounts in 5 are included in 1a
			(4) The $0.200 fourth quarter dividend paid on 1/15/2021 is considered a 2021 dividend for U.S. federal income tax purposes and will be reflected in 2021 tax reporting.

About Ladder

Ladder Capital Corp is an internally-managed commercial real estate investment trust with over $6 billion of assets. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210129005610/en/

FAQ

What is the total dividend paid by Ladder Capital Corp for 2020?

Ladder Capital Corp paid a total dividend of $0.740 per share for 2020.

When was the record date for the 2020 dividend?

The record date for the 2020 dividend was March 10, 2020.

What is the payable date for Ladder's 2020 dividends?

The payable date for the 2020 dividends was April 1, 2020.

How much was the fourth-quarter dividend paid in 2020?

The fourth-quarter dividend paid in 2020 was $0.200, paid on January 15, 2021.

What types of dividends did Ladder Capital declare for 2020?

Ladder Capital declared ordinary dividends of $0.500, qualified dividends of $0.085, and Section 199A dividends of $0.155 for 2020.