Ladder Capital Corp Declares Dividend for Shareholders
Ladder Capital Corp (NYSE: LADR) is excited to share news about its upcoming dividend for the third quarter of 2024. The board of directors has approved a dividend of $0.23 per share for its Class A common stock. This cash dividend will be payable on October 15, 2024, to those stockholders who are on record by September 30, 2024.
Overview of the Company
About Ladder Capital Corp
Ladder Capital Corp stands out as a significant internally-managed commercial real estate investment trust. As of mid-2024, it boasts $5.0 billion in assets, showcasing its reputation and expertise in the real estate industry. The company is committed to safeguarding shareholder capital while also striving to deliver attractive risk-adjusted returns.
Investment Strategies
As a top provider of capital for commercial real estate, Ladder specializes in the underwriting of commercial properties and offers adaptable financing solutions within a well-structured framework. The company is dedicated to originating and investing in a diverse portfolio of commercial real estate assets, with a particular emphasis on targeting senior secured assets.
Active Investment Management
Ladder's investment activities are quite extensive. One of their key focuses is to originate senior first mortgage fixed and floating-rate loans backed by commercial real estate. The company employs flexible loan structures to suit varying needs. Moreover, they own and manage commercial properties, including net-leased assets, and invest in investment-grade securities backed by first mortgage loans on commercial real estate.
Experienced Management Team
Established in 2008, Ladder Capital Corp is led by an adept management team with extensive experience across all aspects of the commercial real estate sector. Their expertise spans origination, credit assessment, underwriting, capital markets, and asset management. The team is closely aligned with the company's interests, with management and board members collectively owning over 11% of the company's equity, which strengthens their commitment to growth and success.
Headquarters and Regional Offices
Ladder Capital Corp is based in the bustling city of New York, and also has regional offices in Miami, Florida, and Los Angeles, California. This geographic diversity enables the company to effectively engage with various real estate markets.
Frequently Asked Questions
What is the declared dividend for Q3 2024?
Ladder Capital Corp is announcing a dividend of $0.23 per share for Class A common stock for the third quarter of 2024.
When will the dividend be paid?
The cash dividend is set to be paid on October 15, 2024, to stockholders who are on record as of the end of business on September 30, 2024.
What type of entity is Ladder Capital Corp?
Ladder Capital Corp is an internally-managed commercial real estate investment trust that focuses on financing and managing commercial real estate assets.
What is the investment strategy employed by Ladder?
The company focuses on originating and investing in senior secured assets, offering flexible capital solutions that align with market needs.
Where is Ladder Capital Corp located?
The company is headquartered in New York City, with additional regional offices in both Miami and Los Angeles.
