Ladder Capital Corp
For the period ended Dec 31, 2025. Filed Feb 9, 2026.
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FY2025 · Filed Feb 9, 2026
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 Statements of Income
(Dollars in Thousands, Except Per Share Data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Net interest income | |||
| Interest income | $266,894 | $358,625 | 407,284 |
| Interest expense | 174,917 | 221,537 | 245,097 |
| Net interest income (expense) | 91,977 | 137,088 | 162,187 |
| Provision for (release of) loan loss reserves, net | (157) | 13,933 | 25,096 |
| Net interest income (expense) after provision for (release of) loan loss reserves | 92,134 | 123,155 | 137,091 |
| Other income (loss) | |||
| Real estate operating income | 99,308 | 98,681 | 96,950 |
| Net result from mortgage loan receivables held for sale | 4,716 | 30 | (523) |
| Gain (loss) on real estate, net | 3,807 | 25,277 | 8,808 |
| Fee and other income | 14,995 | 18,700 | 8,931 |
| Net result from derivative transactions | 1,835 | 5,420 | 1,481 |
| Earnings (loss) from investment in unconsolidated ventures | (1,415) | (79) | 758 |
| Gain on extinguishment of debt | 151 | 188 | 10,718 |
| Total other income (loss) | 123,397 | 148,217 | 127,123 |
| Costs and expenses | |||
| Compensation and employee benefits | 52,735 | 60,671 | 63,618 |
| Operating expenses | 19,426 | 19,193 | 19,503 |
| Real estate operating expenses | 40,475 | 40,568 | 37,587 |
| Investment related expenses | 3,712 | 7,718 | 8,847 |
| Depreciation and amortization | 31,995 | 32,327 | 29,914 |
| Total costs and expenses | 148,343 | 160,477 | 159,469 |
| Income (loss) before taxes | 67,188 | 110,895 | 104,745 |
| Income tax expense (benefit) | 3,493 | 3,448 | 4,244 |
| Net income (loss) | 63,695 | 107,447 | 100,501 |
| Net (income) loss attributable to noncontrolling interests in consolidated ventures | 487 | 808 | 624 |
| Net income (loss) attributable to Class A common shareholders | $64,182 | $108,255 | $101,125 |
| Earnings per share: | |||
| Basic | $0.51 | $0.86 | $0.81 |
| Diluted | $0.51 | $0.86 | $0.81 |
| Weighted average shares outstanding: | |||
| Basic | 125,483,693 | 125,576,784 | 124,667,877 |
| Diluted | 126,194,691 | 125,785,295 | 124,882,398 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.