Ladder Capital Corp
For the period ended Dec 31, 2023. Filed Feb 12, 2024.
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FY2023 · Filed Feb 12, 2024
LADR$8.96+0.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31,2023(1) | December 31,2022(1) | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,015,678 | $609,078 |
| Restricted cash | 15,450 | 50,524 |
| Mortgage loan receivables held for investment, net, at amortized cost: | ||
| Mortgage loans receivable | 3,155,089 | 3,885,746 |
| Allowance for credit losses | (43,165) | (20,755) |
| Mortgage loan receivables held for sale | 26,868 | 27,391 |
| Securities | 485,533 | 587,519 |
| Real estate and related lease intangibles, net | 726,442 | 700,136 |
| Investments in and advances to unconsolidated ventures | 6,877 | 6,219 |
| Derivative instruments | 1,454 | 2,038 |
| Accrued interest receivable | 24,233 | 24,938 |
| Other assets | 98,218 | 78,339 |
| Total assets | $5,512,677 | $5,951,173 |
| Liabilities and Equity | ||
| Liabilities | ||
| Debt obligations, net | $3,783,946 | $4,245,697 |
| Dividends payable | 32,294 | 32,000 |
| Accrued expenses | 65,144 | 68,227 |
| Other liabilities | 99,095 | 71,688 |
| Total liabilities | 3,980,479 | 4,417,612 |
| Commitments and contingencies (refer to Note 17) | — | — |
| Equity | ||
| Class A common stock, par value $0.001 per share, 600,000,000 shares authorized; 128,027,478 and 128,027,478 shares issued and 126,911,689 and 126,502,049 shares outstanding as of December 31, 2023 and December 31, 2022, respectively. | 127 | 127 |
| Additional paid-in capital | 1,756,750 | 1,826,833 |
| Treasury stock, 1,115,789 and 1,525,429 shares, at cost | (12,001) | (95,600) |
| Retained earnings (dividends in excess of earnings) | (197,875) | (177,005) |
| Accumulated other comprehensive income (loss) | (13,853) | (21,009) |
| Total shareholders’ equity | 1,533,148 | 1,533,346 |
| Noncontrolling interests in consolidated ventures | (950) | 215 |
| Total equity | 1,532,198 | 1,533,561 |
| Total liabilities and equity | $5,512,677 | $5,951,173 |
(1)Includes amounts relating to consolidated variable interest entities. Refer to Note 2 and Note 9.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.