ladder is a leading commercial real estate finance company that originates and invests in a diverse portfolio of commercial real estate and real estate-related assets, focusing on senior secured assets. ladder's investment activities include: (i) direct origination of commercial real estate first mortgage loans; (ii) investments in investment grade-rated securities secured by first mortgage loans on commercial real estate; and (iii) investments in net leased and other commercial real estate. founded in 2008, ladder capital is run by an experienced management team with expertise in all aspects of the commercial real estate industry, including origination, credit, underwriting, structuring, capital markets and asset management. led by brian harris, the company’s chief executive officer, ladder capital is headquartered in new york city and has branches in los angeles and boca raton.
Company profile
Ticker
LADR
Exchange
Website
CEO
Brian Harris
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Ladder Capital Finance Holdings • Ladder Capital Insurance LLC • Ladder Member Corporation • Ladder Midco II LLC • Ladder Midco LLC • LC TRS I LLC • Tuebor TRS IV LLC • Tuebor Captive Insurance Company LLC • Ladder CRE Finance REIT Inc • Tuebor REIT Inc ...
LADR stock data
Latest filings (excl ownership)
10-K
2023 FY
Annual report
12 Feb 24
8-K
Results of Operations and Financial Condition
8 Feb 24
10-Q
2023 Q3
Quarterly report
27 Oct 23
8-K
Results of Operations and Financial Condition
26 Oct 23
10-Q
2023 Q2
Quarterly report
28 Jul 23
8-K
Results of Operations and Financial Condition
26 Jul 23
8-K
Departure of Directors or Certain Officers
16 Jun 23
S-8 POS
Registration of securities for employees (post-effective amendment)
7 Jun 23
S-8
Registration of securities for employees
7 Jun 23
8-K
Material Modifications to Rights of Security Holders
7 Jun 23
Transcripts
LADR
Earnings call transcript
2023 Q4
8 Feb 24
LADR
Earnings call transcript
2023 Q3
26 Oct 23
LADR
Earnings call transcript
2023 Q1
26 Apr 23
LADR
Earnings call transcript
2022 Q4
9 Feb 23
LADR
Earnings call transcript
2022 Q2
29 Jul 22
LADR
Earnings call transcript
2022 Q1
29 Apr 22
LADR
Earnings call transcript
2021 Q4
11 Feb 22
LADR
Earnings call transcript
2021 Q3
29 Oct 21
LADR
Earnings call transcript
2021 Q2
30 Jul 21
LADR
Earnings call transcript
2021 Q1
7 May 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 867.83 mm | 867.83 mm | 867.83 mm | 867.83 mm | 867.83 mm | 867.83 mm |
Cash burn (monthly) | 2.03 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 13.56 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 854.27 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 419.9 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
60.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 177 |
Opened positions | 21 |
Closed positions | 13 |
Increased positions | 69 |
Reduced positions | 58 |
13F shares | Current |
---|---|
Total value | 768.05 bn |
Total shares | 76.21 mm |
Total puts | 15.90 k |
Total calls | 112.50 k |
Total put/call ratio | 0.1 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 11.12 mm | $114.14 bn |
BLK Blackrock | 9.69 mm | $99.42 bn |
Jennison Associates | 6.05 mm | $62.08 bn |
Koch Industries | 4.00 mm | $41.04 bn |
Brown Advisory | 3.66 mm | $37.50 bn |
GS Goldman Sachs | 3.19 mm | $32.70 bn |
STT State Street | 2.72 mm | $28.57 bn |
Nuveen Asset Management | 2.69 mm | $27.59 bn |
Geode Capital Management | 2.34 mm | $24.05 bn |
Balyasny Asset Management | 2.04 mm | $20.96 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
26 Feb 24 | Kelly Amanda Porcella | Class A Common Stock | Payment of exercise | Dispose F | No | No | 10.7 | 12,223 | 130.79 k | 208,351 |
26 Feb 24 | Perelman Robert | Class A Common Stock | Payment of exercise | Dispose F | No | No | 10.7 | 17,856 | 191.06 k | 376,453 |
26 Feb 24 | Paul J. Miceli | Class A Common Stock | Payment of exercise | Dispose F | No | No | 10.7 | 14,051 | 150.35 k | 219,949.142 |
26 Feb 24 | McCormack Pamela | Class A Common Stock | Payment of exercise | Dispose F | No | No | 10.7 | 51,087 | 546.63 k | 896,516 |
26 Feb 24 | Harris Brian | Class A Common Stock | Payment of exercise | Dispose F | No | No | 10.7 | 212,565 | 2.27 mm | 585,730 |
Press releases
Ladder Capital Corp to Report First Quarter 2024 Results
18 Apr 24
Ladder Capital Corp Announces First Quarter 2024 Dividend to Holders of Class A Common Stock
15 Mar 24
Ladder Capital Corp Reports Results for the Quarter and Year Ended December 31, 2023
8 Feb 24
Ladder Capital Corp to Report Fourth Quarter and Year Ended 2023 Results
1 Feb 24
Ladder Capital Corp Announces Tax Treatment of 2023 Dividends
31 Jan 24