Ladder Capital Corp Announces Third Quarter 2021 Dividend to Holders of Class A Common Stock

Rhea-AI Summary

Ladder Capital Corp (NYSE: LADR) has declared a third-quarter dividend of $0.20 per share of Class A common stock, payable on October 15, 2021, to stockholders of record by September 30, 2021. The company, with $5.6 billion in assets as of June 30, 2021, specializes in commercial real estate capital solutions. Its management team, possessing extensive industry experience, is notably aligned with shareholders, holding over 10% of the company's equity.

Positive

• Declared a dividend of $0.20 per share, indicating confidence in future cash flow.
• Assets totaling $5.6 billion demonstrate a strong financial foundation.
• Management holds over 10% equity, aligning interests with shareholders.

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 2021 dividend of $0.20 per share of Class A common stock. The cash dividend is payable on October 15, 2021 to stockholders of record as of the close of business on September 30, 2021.

About Ladder

Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.6 billion of assets as of June 30, 2021. 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 a regional office in Miami, Florida.

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, 2020, 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/20210915005040/en/

Investor Contact

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 in Q3 2021?

Ladder Capital Corp declared a dividend of $0.20 per share for Q3 2021.

When is the dividend for Ladder Capital Corp payable?

The dividend is payable on October 15, 2021.

What is the record date for the dividend of Ladder Capital Corp?

The record date for the dividend is September 30, 2021.

What are Ladder Capital Corp's total assets as of June 30, 2021?

Ladder Capital Corp has total assets of $5.6 billion as of June 30, 2021.

How much equity does Ladder Capital Corp's management own?

The management team owns over 10% of Ladder Capital Corp's equity.