Company research
Ladder Capital Corp
CIK 1577670Updated Sep 26, 2026
SecurityLADR · NYSE · equity
LADR price & chart
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Recent filings
10-Q filing
Results of Operations and Financial Condition
Items 2.02, 9.01
Submission of Matters to a Vote of Security Holders
Items 5.07
4 filing
10-Q filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,152,550,000Source | 4,845,073,000Source | 5,512,677,000Source | 5,951,173,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 37,953,000Source | 1,323,481,000Source | 1,015,678,000Source | 609,078,000Source |
| Operating Lease, Right-of-Use AssetUSD | 13,300,000Source | 16,300,000Source | 14,700,000Source | 15,800,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,671,193,000Source | 3,312,134,000Source | 3,980,479,000Source | 4,417,612,000Source |
| Commitments and ContingenciesUSD | 0Source | 0Source | 0Source | 0Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | -260,084,000Source | -206,874,000Source | -197,875,000Source | -177,005,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -4,135,000Source | -4,866,000Source | -13,853,000Source | -21,009,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,483,926,000Source | 1,535,030,000Source | 1,533,148,000Source | 1,533,346,000Source |
| Additional Paid in Capital, Common StockUSD | 1,787,074,000Source | 1,777,118,000Source | 1,756,750,000Source | 1,826,833,000Source |
| Liabilities and EquityUSD | 5,152,550,000Source | 4,845,073,000Source | 5,512,677,000Source | 5,951,173,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 6,700,000Source | 4,600,000Source | 5,749,000Source | 5,911,000Source |
| Dividends Payable, CurrentUSD | 31,819,000Source | 31,838,000Source | — | — |
| Dividends PayableUSD | 31,819,000Source | 31,838,000Source | 32,294,000Source | 32,000,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 63,695,000Source | 107,447,000Source | 100,501,000Source | 165,305,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 31,995,000Source | 32,327,000Source | 29,914,000Source | 32,673,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 20,329,000Source | 18,829,000Source | 18,577,000Source | 31,584,000Source |
| Deferred Income Tax Expense (Benefit)USD | 2,026,000Source | 1,684,000Source | 1,182,000Source | -505,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 87,019,000Source | 133,921,000Source | 180,604,000Source | 106,710,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -1,607,259,000Source | 932,761,000Source | 793,503,000Source | 81,590,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 8,717,000Source | 8,894,000Source | 7,862,000Source | 11,356,000Source |
| Payments for Repurchase of Common StockUSD | 11,750,000Source | 6,532,000Source | 2,481,000Source | 7,916,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 227,042,000Source | -796,586,000Source | -557,766,000Source | -150,244,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -1,293,198,000Source | 270,096,000Source | 416,341,000Source | 38,056,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 52,841,000Source | 1,346,039,000Source | 1,075,943,000Source | 659,602,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 157,503,000Source | 199,426,000Source | 233,637,000Source | 177,977,000Source |
| Income Taxes Paid, NetUSD | 3,521,000Source | 1,864,000Source | -2,402,000Source | -1,169,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 20,329,000Source | 18,829,000Source | 18,577,000Source | 31,584,000Source |
| Amortization of Deferred ChargesUSD | 6,962,000Source | 7,123,000Source | 5,748,000Source | 6,903,000Source |
| Amortization of Debt Issuance CostsUSD | 9,636,000Source | 10,560,000Source | 12,428,000Source | 15,565,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 4,561,000Source | -753,000Source | — | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | 3,812,000Source | 172,000Source | -276,000Source | -73,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 749,000Source | -925,000Source | 29,000Source | — |
| DepreciationUSD | 25,033,000Source | 25,204,000Source | 24,166,000Source | 25,770,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | 2,035,000Source | 7,280,000Source | 1,871,000Source | 11,726,000Source |
| Dividends Payable, CurrentUSD | 31,819,000Source | 31,838,000Source | — | — |
| Dividends PayableUSD | 31,819,000Source | 31,838,000Source | 32,294,000Source | 32,000,000Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | 749,000Source | -925,000Source | 25,000Source | -41,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | -157,000Source | 13,933,000Source | 25,096,000Source | 3,711,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 1,835,000Source | 5,420,000Source | 1,481,000Source | 12,360,000Source |
| Gain (Loss) on Sale of DerivativesUSD | 0Source | 298,000Source | -291,000Source | 64,000Source |
| Gain (Loss) on Sale of Mortgage LoansUSD | — | 2,700,000Source | — | — |
| Gain (Loss) on Sale of PropertiesUSD | 3,807,000Source | 25,277,000Source | 8,808,000Source | 115,998,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 4,716,000Source | 30,000Source | -523,000Source | -2,511,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | 151,000Source | 188,000Source | 10,718,000Source | 685,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -1,415,000Source | -79,000Source | 758,000Source | 1,410,000Source |
| Income Tax Expense (Benefit)USD | 3,493,000Source | 3,448,000Source | 4,244,000Source | 4,909,000Source |
| Nonoperating Income (Expense)USD | 123,397,000Source | 148,217,000Source | 127,123,000Source | 251,072,000Source |
| Operating ExpensesUSD | 19,426,000Source | 19,193,000Source | 19,503,000Source | 20,716,000Source |
| Operating Lease, ExpenseUSD | — | 331,000Source | 1,522,000Source | — |
| Operating Lease, Lease IncomeUSD | 99,308,000Source | 98,681,000Source | 96,950,000Source | 108,269,000Source |
| Payments of Financing CostsUSD | 11,965,000Source | 18,321,000Source | 3,378,000Source | 8,311,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 0Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 534,025,000Source | 276,641,000Source | 232,124,000Source | 184,838,000Source |
| Proceeds from Noncontrolling InterestsUSD | 40,000Source | 0Source | — | — |
| Provision for Loan, Lease, and Other LossesUSD | -186,000Source | 14,181,000Source | 25,110,000Source | — |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | — | — | — | 14,395,000Source |
| Unrealized Gain (Loss) on DerivativesUSD | -200,000Source | -1,860,000Source | -390,000Source | 645,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 67,188,000Source | 110,895,000Source | 104,745,000Source | 170,214,000Source |
| Income Tax Expense (Benefit)USD | 3,493,000Source | 3,448,000Source | 4,244,000Source | 4,909,000Source |
| Earnings Per Share, BasicUSD per share | 0.51Source | 0.86Source | 0.81Source | 1.14Source |
| Earnings Per Share, DilutedUSD per share | 0.51Source | 0.86Source | 0.81Source | 1.13Source |
| Weighted Average Number of Shares Outstanding, Basicshares | — | 125,576,784Source | 124,667,877Source | 124,301,421Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | — | 125,785,295Source | 124,882,398Source | 125,823,671Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 148,343,000Source | 160,477,000Source | 159,469,000Source | 175,065,000Source |
| Current Income Tax Expense (Benefit)USD | 1,467,000Source | 1,764,000Source | 3,062,000Source | 5,414,000Source |
| Debt and Equity Securities, Gain (Loss)USD | 4,561,000Source | -753,000Source | — | — |
| Debt and Equity Securities, Realized Gain (Loss)USD | 3,812,000Source | 172,000Source | -276,000Source | -73,000Source |
| Debt and Equity Securities, Unrealized Gain (Loss)USD | 749,000Source | -925,000Source | 29,000Source | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 31,995,000Source | 32,327,000Source | 29,914,000Source | 32,673,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | -157,000Source | 13,933,000Source | 25,096,000Source | 3,711,000Source |
| Gain (Loss) on Derivative Instruments, Net, PretaxUSD | 1,835,000Source | 5,420,000Source | 1,481,000Source | 12,360,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | -1,415,000Source | -79,000Source | 758,000Source | 1,410,000Source |
| Interest ExpenseUSD | — | — | 245,097,000Source | 195,602,000Source |
| InterestExpenseOperatingUSD | 174,917,000Source | 221,537,000Source | — | — |
| Interest Income (Expense), NetUSD | 91,977,000Source | 137,088,000Source | 162,187,000Source | 97,918,000Source |
| Labor and Related ExpenseUSD | 52,735,000Source | 60,671,000Source | 63,618,000Source | 75,836,000Source |
| Nonoperating Income (Expense)USD | 123,397,000Source | 148,217,000Source | 127,123,000Source | 251,072,000Source |
| Operating ExpensesUSD | 19,426,000Source | 19,193,000Source | 19,503,000Source | 20,716,000Source |
| Operating Lease, ExpenseUSD | — | 331,000Source | 1,522,000Source | — |
| Operating Lease, Lease IncomeUSD | 99,308,000Source | 98,681,000Source | 96,950,000Source | 108,269,000Source |
Filing attachments
tm2519540d1_ex4-2.htm · 8-K · 2025-07-03
EX-4.2 3 tm2519540d1_ex4-2.htm EXHIBIT 4.2 Exhibit 4.2 LADDER CAPITAL FINANCE HOLDINGS LLLP and LADDER CAPITAL FINANCE CORPORATION, as Issuers LADDER CAPITAL CORP, as Parent Guarantor and WILMINGTON TRUST, NATIONAL ASSOCIATION, as Trustee FIRST SUPPLEMENTAL INDENTURE Dated as of July 3, 2025 to INDENTURE Dated as of June 23, 2025 Relating to 5.500% Senior Notes due 2030 TABLE OF CONTENTS Page Article One Definitions and Other Provisions of General Application …
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