Ladder Capital Corp
For the period ended Sep 30, 2024. Filed Oct 28, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Oct 28, 2024
LADR$8.84-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
| September 30,2024(1) | December 31,2023(1) | |
|---|---|---|
| (Unaudited) | ||
| Assets | ||
| Cash and cash equivalents | $1,607,204 | $1,015,678 |
| Restricted cash | 12,301 | 15,450 |
| Mortgage loan receivables held for investment, net, at amortized cost: | ||
| Mortgage loans receivable | 2,039,545 | 3,155,089 |
| Allowance for credit losses | (52,276) | (43,165) |
| Mortgage loan receivables held for sale | 27,506 | 26,868 |
| Securities | 852,783 | 485,533 |
| Real estate and related lease intangibles, net | 691,391 | 726,442 |
| Real estate held for sale | 18,078 | — |
| Investments in and advances to unconsolidated ventures | 19,991 | 6,877 |
| Derivative instruments | 818 | 1,454 |
| Accrued interest receivable | 16,704 | 24,233 |
| Other assets | 145,094 | 98,218 |
| Total assets | $5,379,139 | $5,512,677 |
| Liabilities and Equity | ||
| Liabilities | ||
| Debt obligations, net | $3,585,332 | $3,783,946 |
| Dividends payable | 31,673 | 32,294 |
| Accrued expenses | 67,065 | 65,144 |
| Other liabilities | 164,377 | 99,095 |
| Total liabilities | 3,848,447 | 3,980,479 |
| Commitments and contingencies (refer to Note 17) | — | — |
| Equity | ||
| Class A common stock, par value $0.001 per share, 600,000,000 shares authorized; 129,883,019 and 128,027,478 shares issued and 127,765,243 and 126,911,689 shares outstanding as of September 30, 2024 and December 31, 2023, respectively. | 128 | 127 |
| Additional paid-in capital | 1,773,452 | 1,756,750 |
| Treasury stock, 2,117,776 and 1,115,789 shares, at cost | (23,053) | (12,001) |
| Retained earnings (dividends in excess of earnings) | (209,197) | (197,875) |
| Accumulated other comprehensive income (loss) | (8,711) | (13,853) |
| Total shareholders’ equity | 1,532,619 | 1,533,148 |
| Noncontrolling interests in consolidated ventures | (1,927) | (950) |
| Total equity | 1,530,692 | 1,532,198 |
| Total liabilities and equity | $5,379,139 | $5,512,677 |
(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.