Ladder Cap Corp - LADR STOCK NEWS

Ladder Capital Corp (NYSE: LADR) has announced it will release its first quarter 2025 financial results on Thursday, April 24, 2025, before markets open. The company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time on the same day.

Investors can access the conference call by dialing (877) 407-4018 (domestic) or (201) 689-8471 (international). An audio replay will be available until May 8, 2025, accessible via (844) 512-2921 (domestic) or (412) 317-6671 (international) with access code 13753048. The conference call will also be webcast through Ladder's Investor Relations website.

Ladder Capital Corp (NYSE: LADR) has declared its first quarter 2025 dividend of $0.23 per share for Class A common stock. The dividend will be distributed as a cash payment to stockholders of record as of March 31, 2025, with the payment scheduled for April 15, 2025.

Ladder Capital Corp (NYSE: LADR) reported its financial results for Q4 and full-year 2024. The company achieved GAAP income before taxes of $33.0 million in Q4, with diluted EPS of $0.25 and distributable earnings of $33.6 million ($0.27 per share). For the full year 2024, GAAP income before taxes reached $110.9 million, with diluted EPS of $0.86 and distributable earnings of $153.9 million ($1.21 per share).

The company, with $4.8 billion in assets, reported strong performance in its middle market business model, receiving significant loan payoffs with overall good credit performance. Ladder maintains a low leverage position and enhanced liquidity, including an upsized $850 million corporate revolving credit facility. Management and board members collectively own over 11% of the company's equity, making them the largest shareholders.

Ladder Capital Corp (NYSE: LADR) has disclosed the tax treatment of its 2024 Class A common stock dividend payments. The company distributed a total of $0.920 per share in dividends throughout 2024, paid in four quarterly installments of $0.230 per share.

The tax breakdown of each dividend payment includes: $0.195 as Ordinary Dividends, $0.035 as Capital Gain, and $0.023 as Unrecaptured Section 1250 Gain. The total annual distribution comprises $0.780 in Ordinary Dividends, $0.140 in Capital Gains, and $0.092 in Unrecaptured Section 1250 Gains. No portion of the dividends qualified for Return of Capital treatment.

Ladder Capital Corp (NYSE: LADR) has announced it will release its fourth quarter and full year 2024 financial results on Thursday, February 6, 2025, before markets open. The company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time on the same day.

Investors can access the conference call by dialing (877) 407-4018 (domestic) or (201) 689-8471 (international). An audio replay will be available until February 20, 2025, accessible by calling (844) 512-2921 (domestic) or (412) 317-6671 (international) with access code 13750906. The conference call will also be webcast through Ladder's Investor Relations website.

Ladder Capital Corp (NYSE: LADR) has secured an $850 million revolving credit facility, more than doubling its previous $324 million facility at a significantly lower cost. The new facility includes an accordion feature that could increase borrowing availability up to $1.25 billion.

The facility matures on December 20, 2028, with options for two 6-month extensions. Notably, the agreement will automatically convert to an unsecured investment grade agreement if certain debt instruments receive investment grade ratings from two agencies. Currently, Ladder is rated Ba1 by Moody's and BB+ by Fitch (both with positive outlook), and BB by S&P.

The transaction involved 10 lenders, with JPMorgan Chase Bank serving as Administrative and Collateral Agent. The facility's margins are tighter than the previous one and will adjust based on the company's credit rating.

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.

Ladder Capital Corp (NYSE: LADR) reported its Q3 2024 financial results with GAAP income before taxes of $28.5 million and diluted EPS of $0.22. The company achieved distributable earnings of $37.7 million, or $0.30 per share. With $5.4 billion in assets as of September 30, 2024, Ladder successfully closed a $500 million unsecured corporate bond offering, strengthening its liquidity position for new origination opportunities. The company specializes in commercial real estate capital solutions, focusing on senior secured assets and mortgage loans.

Ladder Capital Corp (NYSE: LADR) has announced it will release its third quarter 2024 results on Thursday, October 24, 2024, before the markets open. The company will host a conference call and webcast for investors at 10:00 a.m. Eastern Time on the same day to discuss the financial results.

Investors can access the conference call by dialing (877) 407-4018 domestic or (201) 689-8471 international. An audio replay will be available until midnight on Thursday, November 7, 2024, accessible by calling (844) 512-2921 domestic or (412) 317-6671 international, using access code 13749352. The conference call will also be webcast through Ladder Capital Corp's Investor Relations website at ir.laddercapital.com/event, where a web-based archive will be available.