Ladder Cap Corp Stock Price, News & Analysis

Ladder Capital Corp (NYSE: LADR) has achieved a significant milestone by receiving a Baa3 investment grade rating from Moody's, following a recent investment grade rating from Fitch on May 21, 2025. This makes Ladder the only commercial mortgage REIT with dual investment grade ratings. The upgrade includes both Ladder Capital Corp's issuer rating and Ladder Capital Finance Holdings LLLP's backed senior unsecured rating. As a direct result, the interest spread on Ladder's $850 million unsecured revolving credit facility decreases to 125 basis points. Moody's cited several positive factors, including strong funding and liquidity, solid capitalization, consistent profitability since 2008, and strong credit results reflecting robust risk management and experienced leadership.

Ladder Capital Corp (NYSE: LADR), a commercial real estate finance REIT, has achieved an investment grade credit rating from Fitch Ratings. Fitch assigned a 'BBB-' Long-Term Issuer Default Rating with a Stable outlook to Ladder's subsidiaries and upgraded its senior unsecured debt ratings to 'BBB-'. Notably, Ladder has become the only commercial mortgage REIT with an investment grade rating.

The upgrade reflects Ladder's resilient business model focused on mid-market commercial real estate loans and long-term unsecured corporate debt financing. Fitch's decision was based on several factors, including enhanced funding flexibility, strong liquidity, conservative underwriting, low credit losses, below target leverage, solid risk management, and experienced management team.

Ladder Capital Corp (NYSE: LADR) reported its Q1 2025 financial results with GAAP income before taxes of $10.7 million and diluted EPS of $0.09. The company achieved distributable earnings of $25.5 million, or $0.20 per share.

Key financial highlights include:

• Total assets of $4.47 billion as of March 31, 2025
• Net interest income of $20.3 million
• Real estate operating income of $21.8 million
• Board authorized $100 million stock repurchase program

CEO Brian Harris expressed satisfaction with Q1 results and the company's balance sheet strength following a record year of loan payoffs in 2024. The company maintains a strong liquidity position with $479.8 million in cash and cash equivalents, while managing $1.67 billion in mortgage loans receivable.

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.