Ladder Capital Corp Declares Fourth Quarter 2024 Dividend
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) has made a significant announcement regarding its forthcoming dividend. The Company’s board of directors has officially declared a dividend for the fourth quarter of 2024, amounting to $0.23 per share of Class A common stock. This cash dividend is scheduled to be payable on January 15, 2025, to those stockholders who hold shares as of the close of business on December 31, 2024.
Overview of Ladder Capital Corp
Ladder Capital Corp is recognized as an internally-managed commercial real estate investment trust. As of September 30, 2024, the Company boasts an impressive asset portfolio worth $5.4 billion. The core investment objective of Ladder is to safeguard and enhance shareholder capital while delivering appealing risk-adjusted returns. Positioned among the country’s top commercial real estate capital providers, Ladder specializes in the meticulous underwriting of commercial real estate while offering flexible capital solutions on a robust platform.
Diverse Investment Activities
The investment strategy at Ladder centers on a wide-ranging portfolio encompassing commercial real estate and related assets, particularly focusing on senior secured assets. Their investment activities can be summed up as follows: (i) primarily, they originate both fixed and floating rate senior first mortgage loans that are secured by commercial real estate and come with adaptable loan structures; (ii) they own and manage commercial real estate properties, including net-leased properties; and (iii) they invest in investment-grade securities that are secured by first mortgage loans on commercial real estate.
Expert Management Team
Established in 2008, Ladder Capital Corp is guided by a knowledgeable management team with extensive expertise across various facets of the commercial real estate industry. This includes areas such as origination, credit, underwriting, structuring, capital markets, and asset management. A noteworthy aspect of Ladder is that a significant portion of its management and board members are closely aligned with the Company's investors, collectively owning more than 11% of the Company’s equity. The Company's headquarters is in New York City, with an additional regional office located in Miami.
Commitment to Shareholders
The declaration of dividends is a testament to Ladder's commitment to its shareholders and its strategy to deliver consistent returns. Such financial decisions illustrate the company’s positive outlook and dedication to offering value to those who invest in its shares.
The Forward-Looking Perspective
While Ladder’s leadership is optimistic about the future, certain statements may be perceived as forward-looking. These predictions rely on management’s current opinions, expectations, and projections concerning potential future results. Ladder recognizes that actual outcomes may significantly differ due to various inherent risks and uncertainties. The Company’s detailed considerations of these risks can be found in its Annual Report on Form 10-K.
Frequently Asked Questions
What is Ladder Capital Corp's latest dividend announcement?
Ladder Capital Corp has declared a fourth quarter 2024 dividend of $0.23 per share of Class A common stock.
When will the dividend be paid?
The dividend will be payable on January 15, 2025, to stockholders recorded as of December 31, 2024.
What type of company is Ladder Capital Corp?
Ladder Capital Corp is an internally-managed commercial real estate investment trust focused on generating returns for its shareholders.
Where is Ladder Capital Corp headquartered?
The headquarters of Ladder Capital Corp is located in New York City, with a regional office in Miami.
What are the primary investment activities of Ladder Capital Corp?
Ladder primarily focuses on originating senior first mortgage loans, owning commercial real estate, and investing in investment-grade securities.
