Ladder Capital Corp
For the period ended Dec 31, 2024. Filed Feb 10, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 10, 2025
LADR$8.84-1.3%Stored close · as of Nov 10, 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 31,2024(1) | December 31,2023(1) | |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $1,323,481 | $1,015,678 |
| Restricted cash | 12,608 | 15,450 |
| Mortgage loan receivables held for investment, net, at amortized cost: | ||
| Mortgage loans receivable | 1,591,322 | 3,155,089 |
| Allowance for credit losses | (52,323) | (43,165) |
| Mortgage loan receivables held for sale | 26,898 | 26,868 |
| Securities | 1,080,839 | 485,533 |
| Real estate and related lease intangibles, net | 670,803 | 726,442 |
| Investments in and advances to unconsolidated ventures | 19,923 | 6,877 |
| Derivative instruments | 437 | 1,454 |
| Accrued interest receivable | 12,936 | 24,233 |
| Other assets | 158,149 | 98,218 |
| Total assets | $4,845,073 | $5,512,677 |
| Liabilities and Equity | ||
| Liabilities | ||
| Debt obligations, net | $3,135,617 | $3,783,946 |
| Dividends payable | 31,838 | 32,294 |
| Accrued expenses | 74,824 | 65,144 |
| Other liabilities | 69,855 | 99,095 |
| Total liabilities | 3,312,134 | 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 127,106,481 and 126,911,689 shares outstanding as of December 31, 2024 and December 31, 2023, respectively. | 127 | 127 |
| Additional paid-in capital | 1,777,118 | 1,756,750 |
| Treasury stock, 2,776,538 and 1,115,789 shares, at cost | (30,475) | (12,001) |
| Retained earnings (dividends in excess of earnings) | (206,874) | (197,875) |
| Accumulated other comprehensive income (loss) | (4,866) | (13,853) |
| Total shareholders’ equity | 1,535,030 | 1,533,148 |
| Noncontrolling interests in consolidated ventures | (2,091) | (950) |
| Total equity | 1,532,939 | 1,532,198 |
| Total liabilities and equity | $4,845,073 | $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.