Ladder Cap Corp Stock Price, News & Analysis

Ladder Capital Corp (NYSE: LADR) announced a private offering of $650 million in 4.750% Senior Notes due 2029, increasing the offering size by $250 million. The sale is expected to close around June 23, 2021, subject to conditions. Proceeds will fund new loans, investments, and debt repayments. The notes, issued by Ladder Capital Finance Holdings LLLP and Ladder Capital Finance Corporation, will be unsecured obligations guaranteed by the company and its subsidiaries. As of March 31, 2021, Ladder manages $5.4 billion in assets, focusing on commercial real estate investments.

Ladder Capital Corp (NYSE: LADR) received a credit ratings upgrade from S&P Global, elevating its long-term senior unsecured rating to BB- from B+. This change reflects a reduction in recourse secured debt over the past year. Additionally, S&P affirmed Ladder’s long-term corporate family rating at BB- and revised its outlook to stable. As of March 31, 2021, Ladder managed assets worth $5.4 billion, focusing on senior secured investments in commercial real estate.

Ladder Capital Corp (NYSE: LADR) announced a private offering of $400 million in Senior Notes due 2029. The notes will be unsecured obligations of its subsidiaries, guaranteed by the Company and its domestic subsidiaries. The net proceeds will be utilized for general corporate purposes, including funding new loans and repaying indebtedness. The offering targets qualified institutional buyers under Rule 144A and Regulation S of the Securities Act. Ladder, a commercial real estate investment trust with $5.4 billion in assets, focuses on senior secured assets and aims to deliver risk-adjusted returns.

Ladder Capital Corp (NYSE: LADR) reported its first quarter 2021 results with a GAAP loss before taxes of $0.3 million and diluted earnings per share at $0.00. Distributable earnings stood at $3.2 million, or $0.04 per share. Brian Harris, CEO, noted a strategic pivot towards growing income streams after achieving 2020 goals of reducing leverage and raising liquidity. As of March 31, 2021, Ladder's assets totaled $5.4 billion, focusing on commercial real estate investments. A conference call on May 6, 2021, will further detail these results.

Ladder Capital Corp (NYSE: LADR) will announce its first quarter 2021 results on May 6, 2021, after market close. A conference call will be held at 5:00 p.m. ET to discuss these results, accessible at (877) 407-4018 domestically and (201) 689-8471 internationally. An audio replay will be available from 8:00 p.m. ET on May 6 until midnight on May 20, 2021. Ladder, a commercial real estate investment trust with $5.9 billion in assets as of December 31, 2020, focuses on preserving shareholder capital and generating attractive returns.

Ladder Capital Corp (NYSE: LADR) declared a first quarter 2021 cash dividend of $0.20 per share for its Class A common stock. This dividend is payable on April 15, 2021, to stockholders on record by the close of business on March 31, 2021. The company, with $5.9 billion in assets, focuses on preserving shareholder capital while offering attractive risk-adjusted returns. Ladder specializes in originating senior first mortgage loans and investing in real estate-related assets.

Ladder Capital Corp (NYSE: LADR) reported a GAAP loss before taxes of $16.3 million for Q4 2020, with diluted earnings per share at a loss of $0.10. For the full year, the GAAP loss was $19.2 million, resulting in a diluted loss per share of $0.13. However, distributable earnings for the quarter were $4.9 million ($0.05 EPS) and $68.3 million ($0.60 EPS) for the year. CEO Brian Harris emphasized the company's improved liquidity and plans for new loans and investments in 2021. A conference call will be held on February 25, 2021, to discuss these results further.

Ladder Capital Corp (NYSE: LADR) will announce its fourth quarter 2020 financial results on February 25, 2021, after market close. A conference call for investors is scheduled for 5:00 p.m. ET that same day. Participants can join by calling (877) 407-4018 domestically or (201) 689-8471 internationally.

A replay of the call will be available from 8:00 p.m. ET on February 25 until midnight on March 11. Ladder is a commercial real estate investment trust focused on preserving shareholder capital and providing attractive risk-adjusted returns.

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.