Ladder Capital Corp is an internally managed commercial real estate finance REIT that originates fixed- and floating-rate first mortgage loans secured by commercial real estate. The company also owns and operates predominantly net leased, income-producing real estate and invests in investment-grade securities backed by commercial mortgage loans.
Recurring company news covers quarterly operating results, distributable earnings, loan origination activity, portfolio growth, liquidity and unsecured financing arrangements. Updates also include Class A common stock dividends, dividend tax treatment, credit-rating and capital-market developments, and capital actions tied to Ladder’s real estate finance platform.
Ladder Capital Corp (NYSE: LADR) has appointed Paul J. Miceli as Chief Financial Officer, effective March 1, 2021. Mr. Miceli succeeds Marc Fox, who will remain until May 7, 2021, to facilitate a smooth transition. Miceli, who joined Ladder in 2019, previously held key finance roles at Colony Capital and NorthStar Asset Management. CEO Brian Harris expressed confidence in Miceli's leadership during the transition. Ladder, focused on commercial real estate investments, has over $6 billion in assets and aims to deliver attractive risk-adjusted returns while preserving shareholder capital.
Ladder Capital Corp (NYSE: LADR) has disclosed the tax treatment for its 2020 Class A common stock dividends. The record date for the dividends was March 10, 2020, with a payable date of April 1, 2020. Shareholders received a total distribution of $0.740 per share, comprising ordinary dividends of $0.500, qualified dividends of $0.085, and Section 199A dividends of $0.155. Notably, the $0.200 fourth-quarter dividend paid on January 15, 2021, will be reported for 2021 tax purposes.
Ladder Capital Corp (NYSE: LADR) announced that Koch Real Estate Investments exercised its option to invest $32 million in Ladder's common equity, resulting in the issuance of 4 million shares. This follows a strategic financing agreement from April 2020, where Koch pledged $206.4 million for transitional and land loans. CEO Brian Harris expressed satisfaction with having Koch as a long-term investor. Jake Francis from Koch praised Ladder's risk management during the pandemic, indicating a strong partnership aimed at capitalizing on upcoming opportunities in the commercial real estate sector.
Ladder Capital Corp (NYSE: LADR) has declared a fourth quarter 2020 dividend of $0.20 per share of Class A common stock, payable on January 15, 2021, to stockholders of record as of December 31, 2020. The Company, with assets over $6 billion, is focused on preserving shareholder capital while providing attractive risk-adjusted returns. With expertise in commercial real estate, Ladder specializes in senior secured loans and investment-grade securities backed by commercial properties. Management aligns closely with investors, owning over 10% of the Company’s equity.
Ladder Capital Corp (NYSE: LADR) will release its third quarter 2020 results on October 29, 2020, after market close. A conference call will be held at 5:00 p.m. ET to discuss the financial results. Access the call by dialing (855) 327-6837 (domestic) or (631) 891-4304 (international). An audio replay will be available from 8:00 p.m. ET on October 29 through November 12, 2020, at (844) 512-2921 (domestic) or (412) 317-6671 (international).
Ladder Capital specializes in commercial real estate investment, managing over $6 billion in assets.