Ladder Capital Corp Announces Tax Treatment of 2023 Dividends

Rhea-AI Summary

Ladder Capital Corp (LADR) has announced the tax treatment of its 2023 Class A common stock dividend payments. For the tax year ended December 31, 2023, the company reported a total of $0.920 in dividends, with $0.230 per share for each quarter. The tax treatment includes $0.920 in ordinary dividends and no qualified dividends, capital gains, unrecaptured 1250 gains, return of capital, or Sec. 199A dividends. The fourth quarter dividend paid on 1/16/2024 is considered a 2023 dividend for U.S. federal income tax purposes and is reflected in 2023 tax reporting.

NEW YORK--(BUSINESS WIRE)-- Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2023 Class A common stock dividend payments. For the tax year ended December 31, 2023, 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
3/31/2023	4/17/2023	$0.230	$0.230	$0.000	$0.000	$0.000	$0.000	$0.230
6/30/2023	7/17/2023	$0.230	$0.230	$0.000	$0.000	$0.000	$0.000	$0.230
9/29/2023	10/16/2023	$0.230	$0.230	$0.000	$0.000	$0.000	$0.000	$0.230
12/29/2023	1/16/2024(4)	$0.230	$0.230	$0.000	$0.000	$0.000	$0.000	$0.230
Total 2023 Dividends		$0.920	$0.920	$0.000	$0.000	$0.000	$0.000	$0.920
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 $0.230 fourth quarter dividend paid on 1/16/2024 is considered a 2023 dividend for U.S. federal income tax purposes and is reflected in 2023 tax reporting.

About Ladder

Ladder Capital Corp is an internally-managed commercial real estate investment trust with $5.5 billion of assets as of September 30, 2023. 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, 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 Los Angeles, California.

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Investor Contact

Ladder Capital Corp Investor Relations

(917) 369-3207

investor.relations@laddercapital.com

Source: Ladder Capital Corp

What is the ticker symbol for Ladder Capital Corp?

The ticker symbol for Ladder Capital Corp is LADR.

What is the total amount of dividends reported by Ladder Capital Corp for 2023?

Ladder Capital Corp reported a total of $0.920 in dividends for 2023.

What is the tax treatment of Ladder Capital Corp's 2023 Class A common stock dividend payments?

For the tax year ended December 31, 2023, the tax treatment includes $0.920 in ordinary dividends and no qualified dividends, capital gains, unrecaptured 1250 gains, return of capital, or Sec. 199A dividends.

When was the fourth quarter dividend paid by Ladder Capital Corp for 2023?

The fourth quarter dividend paid on 1/16/2024 is considered a 2023 dividend for U.S. federal income tax purposes and is reflected in 2023 tax reporting.