Ladder Capital Corp Declares Q3 2024 Dividend for Shareholders
Ladder Capital Corp Announces Dividend for Shareholders
Ladder Capital Corp (NYSE: LADR) has made an exciting announcement regarding its dividend for the third quarter of 2024. The company's board of directors has declared a dividend of $0.23 per share for its Class A common stock. This cash dividend is set to be payable on October 15, 2024, to stockholders who are on record as of September 30, 2024.
Company Overview
About Ladder Capital Corp
Ladder Capital Corp is a prominent internally-managed commercial real estate investment trust. As of mid-2024, the company possesses $5.0 billion in assets, reflecting its stature and expertise in the real estate sector. The company is dedicated to preserving and protecting shareholder capital while aiming to provide attractive risk-adjusted returns.
Investment Strategies
As one of the leading providers of commercial real estate capital, Ladder engages in underwriting commercial properties and offers flexible financing solutions within a sophisticated framework. The company focuses on originating and investing in a diversified portfolio of commercial real estate assets, particularly targeting senior secured assets.
Active Investment Management
Ladder's investment operations encompass various activities. Most notably, it originates senior first mortgage fixed and floating-rate loans that are backed by commercial real estate with adaptable loan structures. Additionally, the company owns and manages commercial properties, including net-leased assets, and invests in investment-grade securities secured by first mortgage loans on commercial real estate.
Experienced Management Team
Founded in 2008, Ladder Capital Corp is guided by a highly skilled management team experienced in all facets of the commercial real estate industry. This includes proficiency in origination, credit evaluation, underwriting, capital markets, and asset management. The alignment of interests is strong, with Ladder's management and board members owning over 11% of the company's equity, fostering a commitment to the company's growth and success.
Headquarters and Regional Offices
Ladder Capital Corp is headquartered in the vibrant city of New York, with additional regional offices located in Miami, Florida, and Los Angeles, California. This geographic diversity allows the company to tap into various real estate markets effectively.
Frequently Asked Questions
What is the declared dividend for Q3 2024?
Ladder Capital Corp has announced a dividend of $0.23 per share of Class A common stock for the third quarter of 2024.
When is the dividend payable?
The cash dividend is payable on October 15, 2024, to stockholders of record as of the close of business on September 30, 2024.
What type of company is Ladder Capital Corp?
Ladder Capital Corp is an internally-managed commercial real estate investment trust specializing in financing and managing commercial real estate assets.
What is Ladder's investment strategy?
The company focuses on originating and investing in senior secured assets and provides flexible capital solutions tailored to meet market demands.
Where is Ladder Capital Corp headquartered?
Ladder Capital Corp is headquartered in New York City, with regional offices in Miami and Los Angeles.
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