**Ladder Capital Corp Reports Fiscal Year 2025 Results**

Ladder Capital Corp (NYSE: LADR) has filed its 10-K report for the fiscal year ending December 31, 2025, indicating a net income of $63.7 million, compared to $107.4 million in the previous fiscal year. The company's interest income decreased from $358.6 million in 2024 to $266.9 million in 2025, while interest expense also decreased from $221.5 million to $174.9 million. This resulted in a net interest income of $92.0 million for 2025, down from $137.1 million in 2024.

A notable change in the company's financial strategy was the redemption of all outstanding obligations of LCCM 2021-FL2 and LCCM 2021-FL3, managed CLO transactions, during the fiscal year. The company also repurchased 964,539 shares of its Class A common stock at an average price of $10.60 per share, totaling $10.2 million. As of December 31, 2025, the company had $90.6 million remaining authorized for share repurchases. The company's real estate operating income increased slightly to $99.3 million, while gains on real estate sales decreased significantly to $3.8 million.

Operationally, Ladder Capital originated $1.4 billion in commercial real estate loans and experienced $609.2 million in loan paydowns. The company also purchased $1.9 billion in securities and had $534.8 million in amortization and paydowns, with sales of $411.8 million. As of December 31, 2025, the company employed 60 full-time persons. The company's management team and directors held interests in the company comprising over 11% of the total equity.

Looking ahead, Ladder Capital's strategy involves maintaining a diversified financing approach, including senior unsecured notes, unsecured revolving credit facilities, and secured loan and securities repurchase financing. The company aims to maintain a debt-to-equity ratio of approximately 3.0:1.0 or below and is subject to certain restrictions on incurring additional debt as outlined in its debt agreements. The company's future performance is subject to various risks, including market volatility, changes in interest rates, and the competitive landscape of the commercial real estate finance market.

About Ladder Capital Corp

Ladder Capital is a real estate investment trust specializing in commercial real estate finance. It originates and invests in senior secured loans, owns and operates net leased and diversified properties, and invests in real estate-related securities, primarily CMBS. Its business model emphasizes flexible capital allocation, credit-centric underwriting, and diversified funding sources to generate stable income and attractive risk-adjusted returns across market cycles.

This description was generated via AI from an annual report. Updated 8 months ago.

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