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Ladder Capital Corp Announces Tax Treatment of 2022 Dividends

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Ladder Capital Corp announced the tax treatment for its 2022 Class A common stock dividends. For the tax year ending December 31, 2022, total dividends amount to $1.080 per share, with ordinary dividends at $0.184. The record date for the final dividend was 12/31/2022, and payments were made on 1/17/2023. Notable classifications include capital gain distributions and returns of capital, reflecting the company's focus on maintaining shareholder capital while providing returns. As of September 30, 2022, Ladder's assets were valued at $5.9 billion.

Positive
  • Total dividends for 2022 reached $1.080 per share, reflecting a commitment to shareholder returns.
  • Ordinary dividend amounts to $0.184, indicating a stable income source for investors.
  • Company manages $5.9 billion in assets, showcasing financial strength.
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2022 Class A common stock dividend payments. For the tax year ended December 31, 2022, 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

12/31/2021

 

1/18/2022(4)

 

$0.200

 

$0.034

 

$0.000

 

$0.166

 

$0.051

 

$0.000

 

$0.034

 

3/31/2022

 

4/15/2022

 

$0.200

 

$0.034

 

$0.000

 

$0.166

 

$0.051

 

$0.000

 

$0.034

 

6/30/2022

 

7/15/2022

 

$0.220

 

$0.038

 

$0.000

 

$0.182

 

$0.056

 

$0.000

 

$0.038

 

9/30/2022

 

10/17/2022

 

$0.230

 

$0.039

 

$0.000

 

$0.191

 

$0.059

 

$0.000

 

$0.039

 

12/31/2022

 

1/17/2023

 

$0.230

 

$0.039

 

$0.000

 

$0.191

 

$0.059

 

$0.000

 

$0.039

 

Total 2022 Dividends

 

$1.080

 

$0.184

 

$0.000

 

$0.896

 

$0.276

 

$0.000

 

$0.184

 

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 1/18/2022 is considered a 2022 dividend for U.S. federal income tax purposes and is reflected in 2022 tax reporting.

 

About Ladder

Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.9 billion of assets as of September 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) 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 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.

Investor:

Ladder Capital Corp Investor Relations

(917) 369-3207

investor.relations@laddercapital.com

Source: Ladder Capital Corp

FAQ

What is the total amount of dividends paid by Ladder Capital in 2022?

Ladder Capital paid a total of $1.080 in dividends per share for the year 2022.

When was the last dividend payment made by Ladder Capital?

The last dividend payment by Ladder Capital was made on 1/17/2023.

What are the details of ordinary dividends paid by Ladder Capital in 2022?

The ordinary dividends paid by Ladder Capital in 2022 amounted to $0.184 per share.

How much did Ladder Capital distribute in dividends for the quarter ending 12/31/2022?

For the quarter ending 12/31/2022, Ladder Capital distributed $0.230 per share.

What is the tax treatment of dividends paid by Ladder Capital in 2022?

The 2022 dividends were classified as ordinary dividends, capital gain distributions, and returns of capital.

LADDER CAPITAL CORP

NYSE:LADR

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