Ladder Capital Corp Announces First Quarter 2024 Dividend to Holders of Class A Common Stock
March 15 2024 - 8:15AM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR)
today announced the declaration by its board of directors of a
first quarter 2024 dividend of $0.23 per share of Class A common
stock. The cash dividend is payable on April 15, 2024 to
stockholders of record as of the close of business on March 28,
2024.
About Ladder Ladder Capital Corp is an internally-managed
commercial real estate investment trust with $5.5 billion of assets
as of December 31, 2023. Our investment objective is to preserve
and protect shareholder capital while producing attractive
risk-adjusted returns. As one of the nation’s leading commercial
real estate capital providers, we specialize in underwriting
commercial real estate and offering flexible capital solutions
within a sophisticated platform.
Ladder originates and invests in a diverse portfolio of
commercial real estate and real estate-related assets, focusing on
senior secured assets. Our investment activities include: (i) our
primary business of originating senior first mortgage fixed and
floating rate loans collateralized by commercial real estate with
flexible loan structures; (ii) owning and operating commercial real
estate, including net leased commercial properties; and (iii)
investing in investment grade securities secured by first mortgage
loans on commercial real estate.
Founded in 2008, Ladder is run by a highly experienced
management team with extensive expertise in all aspects of the
commercial real estate industry, including origination, credit,
underwriting, structuring, capital markets and asset management.
Members of Ladder’s management and board of directors are highly
aligned with the Company’s investors, owning over 11% of the
Company’s equity. Ladder is headquartered in New York City with
regional offices in Miami, Florida and Los Angeles, California.
Forward-Looking Statements Certain statements in this
release may constitute “forward-looking” statements. These
statements are based on management’s current opinions,
expectations, beliefs, plans, objectives, assumptions or
projections regarding future events or future results. These
forward-looking statements are only predictions, not historical
fact, and involve certain risks and uncertainties, as well as
assumptions. Actual results, levels of activity, performance,
achievements and events could differ materially from those stated,
anticipated or implied by such forward-looking statements. While
Ladder believes that its assumptions are reasonable, it is very
difficult to predict the impact of known factors, and, of course,
it is impossible to anticipate all factors that could affect actual
results on the Company's business. There are a number of risks and
uncertainties that could cause actual results to differ materially
from forward-looking statements made herein including, most
prominently, the risks discussed under the heading “Risk Factors”
in the Company’s Annual Report on Form 10-K for the year ended
December 31, 2023, as well as its consolidated financial
statements, related notes, and other financial information
appearing therein, and its other filings with the U.S. Securities
and Exchange Commission. Such forward-looking statements are made
only as of the date of this release. Ladder expressly disclaims any
obligation or undertaking to release any updates or revisions to
any forward-looking statements contained herein to reflect any
change in its expectations with regard thereto or changes in
events, conditions, or circumstances on which any such statement is
based.
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Investor Contact Ladder Capital Corp Investor Relations
(917) 369-3207 investor.relations@laddercapital.com
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