NEW YORK–(COMMERCIAL THREAD) – Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the declaration by its board of directors of a dividend of $ 0.20 per Class A common share for the first quarter of 2021. The cash dividend is payable on April 15, 2021 to shareholders of record at the close of business on March 31, 2021.
About the ladder
Ladder Capital Corp is an internally managed commercial real estate investment trust with $ 5.9 billion in assets as of December 31, 2020. Our investment objective is to preserve and protect shareholder capital while producing attractive adjusted returns at risk. As one of the nation’s leading providers of commercial real estate capital, we specialize in underwriting commercial real estate and offering flexible capital solutions within a sophisticated platform.
Ladder creates and invests in a diversified portfolio of commercial and real estate related real estate assets, with a focus on senior secured assets. Our investing activities include: (i) our core business of providing fixed and variable rate first mortgage loans secured by commercial real estate with flexible lending structures; (ii) invest in high quality securities secured by first mortgage loans on commercial real estate; and (iii) owning and operating commercial real estate, including net leased commercial property.
Founded in 2008 and led by Brian Harris, Chief Executive Officer of the Company, Ladder is led 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. Ladder’s management and board are very close to the company’s investors, holding more than 10% of the company’s equity.
Forward-looking statements and risk of coronavirus
Certain statements contained in this press 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 predictions only, not historical facts, 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 these forward-looking statements. Although Ladder believes its assumptions to be reasonable, it is very difficult to predict the impact of known factors and, of course, it is impossible to anticipate all of the factors that could affect actual results, including the impact of the COVID-19 pandemic on Corporate Affairs. There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made in this document, including, in particular, the risks discussed under “Risk Factors” in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2020, as well as its consolidated financial statements, the accompanying notes and other financial information therein, and its other documents filed with the United States Securities and Exchange Commission. These forward-looking statements are made only as of the date of this press release. Ladder expressly disclaims any obligation or commitment to publish any update or revision of any forward-looking statement contained herein to reflect any change in its expectations in this regard or changes of events, conditions or circumstances upon which such statement is based.