Ladder Capital Corp Announces Third Quarter 2020 Dividend to Holders of Class A Common Stock
August 31 2020 - 4:15PM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR)
today announced the declaration by its Board of Directors of a
third quarter 2020 dividend of $0.20 per share of Class A common
stock. The cash dividend is payable on October 1, 2020 to
stockholders of record as of the close of business on September 10,
2020.
About Ladder
Ladder Capital Corp is an internally-managed commercial real
estate investment trust with over $6 billion of assets. Our
investment objective is to preserve and protect shareholder capital
while producing attractive risk-adjusted returns. As one of the
nation’s leading commercial real estate capital providers, we
specialize in underwriting commercial real estate and offering
flexible capital solutions within a sophisticated platform.
Ladder originates and invests in a diverse portfolio of
commercial real estate and real estate-related assets, focusing on
senior secured assets. Our investment activities include: (i) our
primary business of originating senior first mortgage fixed and
floating rate loans collateralized by commercial real estate with
flexible loan structures; (ii) investing in investment grade
securities secured by first mortgage loans on commercial real
estate; and (iii) owning and operating commercial real estate,
including net leased commercial properties.
Founded in 2008, and led by Brian Harris, the Company’s Chief
Executive Officer, Ladder is run by a highly experienced management
team with extensive expertise in all aspects of the commercial real
estate industry, including origination, credit, underwriting,
structuring, capital markets and asset management. Members of
Ladder’s management and Board of Directors are highly aligned with
the Company’s investors, owning over 10% of the Company’s
equity.
Forward-Looking Statements and Coronavirus Risk
Certain statements in this release may constitute
“forward-looking” statements. These statements are based on
management’s current opinions, expectations, beliefs, plans,
objectives, assumptions or projections regarding future events or
future results. These forward-looking statements are only
predictions, not historical fact, and involve certain risks and
uncertainties, as well as assumptions. Actual results, levels of
activity, performance, achievements and events could differ
materially from those stated, anticipated or implied by such
forward-looking statements. While Ladder believes that its
assumptions are reasonable, it is very difficult to predict the
impact of known factors, and, of course, it is impossible to
anticipate all factors that could affect actual results, including
the impact of the COVID-19 pandemic on the Company's business.
There are a number of risks and uncertainties that could cause
actual results to differ materially from forward-looking statements
made herein including, most prominently, the risks discussed under
the heading “Risk Factors” in each of the Company’s Annual Report
on Form 10-K for the year ended December 31, 2019 and Quarterly
Report on Form 10-Q for the period ended June 30, 2020, as well as
its consolidated financial statements, related notes, and other
financial information appearing therein, and its other filings with
the U.S. Securities and Exchange Commission. Such forward-looking
statements are made only as of the date of this release. Ladder
expressly disclaims any obligation or undertaking to release any
updates or revisions to any forward-looking statements contained
herein to reflect any change in its expectations with regard
thereto or changes in events, conditions, or circumstances on which
any such statement is based.
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Investor Contact Ladder Capital Corp Investor Relations
(917) 369-3207 investor.relations@laddercapital.com
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