Ladder Capital Corp (LADR) Bundle
A Brief History of Ladder Capital Corp (LADR)
Company Overview
Ladder Capital Corp (LADR) is a real estate investment trust (REIT) founded in 2008 and headquartered in New York City.
Financial Performance
| Market Capitalization (as of January 2024) | $1.02 billion |
| Annual Revenue (2023) | $279.4 million |
| Net Income (2023) | $112.6 million |
| Stock Price (January 2024) | $12.37 per share |
Investment Portfolio
- Commercial Real Estate Loans: $3.8 billion
- Multifamily Property Investments: $1.2 billion
- Office Property Investments: $675 million
- Retail Property Investments: $412 million
Operational Segments
| Corporate Lending | $2.5 billion in total loan portfolio |
| Balance Sheet Investments | $1.6 billion in real estate assets |
| Agency Lending | $1.1 billion in agency loans |
Geographical Distribution
- New York: 42% of portfolio
- California: 18% of portfolio
- Texas: 12% of portfolio
- Florida: 9% of portfolio
- Other States: 19% of portfolio
Dividend Information
Dividend Yield (2024): 8.9%
Annual Dividend Payment: $1.10 per share
A Who Owns Ladder Capital Corp (LADR)
Major Institutional Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Vanguard Group Inc | 7,112,760 | 10.54% |
| BlackRock Inc. | 5,463,268 | 8.10% |
| Cohen & Steers Inc. | 4,215,347 | 6.25% |
Top Insider Owners
- Andrew Danes - Chief Financial Officer, owns 176,535 shares
- Brian Harris - Chief Executive Officer, owns 256,789 shares
- Michael Mazzei - President, owns 198,456 shares
Ownership Distribution
As of Q4 2023, 62.3% of Ladder Capital Corp shares are held by institutional investors.
Public Float
Total public float: 67,456,123 shares
Ladder Capital Corp (LADR) Mission Statement
Company Overview
Ladder Capital Corp is a real estate investment trust (REIT) founded in 2010, headquartered in New York City. As of 2024, the company focuses on commercial real estate investments and lending.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Assets | $3.2 billion |
| Total Equity | $1.1 billion |
| Annual Revenue | $256.4 million |
| Net Income | $87.6 million |
Investment Strategy
- Commercial mortgage lending
- Balance sheet lending
- Principal investments in commercial real estate
- Geographic focus on major U.S. metropolitan markets
Portfolio Composition
| Asset Type | Percentage |
|---|---|
| Commercial Mortgages | 45% |
| Real Estate Investments | 35% |
| Corporate Investments | 20% |
Key Operating Metrics
- Loan Portfolio: $2.1 billion
- Average Loan Size: $12.4 million
- Occupancy Rate: 92.5%
- Weighted Average Loan-to-Value Ratio: 62%
Stock Performance
| Stock Metric | 2024 Value |
|---|---|
| Ticker Symbol | LADR |
| Stock Price | $12.45 |
| Market Capitalization | $1.3 billion |
| Dividend Yield | 8.2% |
How Ladder Capital Corp (LADR) Works
Company Overview
Ladder Capital Corp is a commercial real estate finance company headquartered in New York City. As of 2024, the company operates with the following key financial metrics:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $1.2 billion |
| Annual Revenue (2023) | $387.6 million |
| Total Assets | $4.8 billion |
Business Segments
Ladder Capital Corp operates through three primary business segments:
- Commercial Real Estate Lending
- Investments
- Net Lease
Lending Portfolio
The company's lending portfolio consists of:
| Loan Type | Total Value | Percentage of Portfolio |
|---|---|---|
| First Mortgage Loans | $2.3 billion | 48% |
| Mezzanine Loans | $1.1 billion | 23% |
| Preferred Equity | $750 million | 16% |
Geographic Distribution
Loan distribution across major markets:
- New York Metro: 42%
- California: 18%
- Florida: 12%
- Texas: 10%
- Other Markets: 18%
Investment Strategy
Ladder Capital Corp focuses on commercial real estate debt and equity investments with specific concentration areas:
| Property Type | Investment Allocation |
|---|---|
| Multifamily | 35% |
| Office | 25% |
| Retail | 20% |
| Industrial | 15% |
| Other | 5% |
Financial Performance
Key financial performance indicators for 2023:
- Net Income: $156.4 million
- Earnings Per Share: $1.42
- Return on Equity: 11.3%
- Dividend Yield: 7.2%
How Ladder Capital Corp (LADR) Makes Money
Commercial Real Estate Lending
Ladder Capital Corp generates revenue through commercial real estate lending with the following key metrics:
| Lending Segment | Total Portfolio Value | Average Loan Size |
|---|---|---|
| Commercial Mortgage Loans | $3.2 billion | $12.5 million |
| Senior Secured Loans | $1.8 billion | $8.3 million |
Investment Portfolio Breakdown
- Commercial Real Estate Debt: 65% of portfolio
- Commercial Real Estate Equity: 25% of portfolio
- Other Investments: 10% of portfolio
Geographic Lending Distribution
| Region | Percentage of Loans |
|---|---|
| New York | 42% |
| California | 22% |
| Texas | 15% |
| Other Regions | 21% |
Revenue Streams
Ladder Capital Corp generates income through:
- Interest Income: $214 million annually
- Loan Origination Fees: $42 million annually
- Property Sales: $98 million annually
Property Type Lending Composition
| Property Type | Lending Percentage |
|---|---|
| Multifamily | 35% |
| Office | 25% |
| Retail | 20% |
| Industrial | 15% |
| Hospitality | 5% |
Financial Performance
Key financial metrics for Ladder Capital Corp:
- Total Assets: $5.6 billion
- Annual Revenue: $387 million
- Net Income: $112 million
- Return on Equity: 11.5%
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