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Companies / Real Estate / Ladder Capital Corp
LADR

Ladder Capital Corp

Real EstateREITs
Ticker LADRNEW YORK, NYFiscal year ends DecemberBook value per share $11.38Diluted shares 125.6M

Ladder Capital Corp (NYSE: LADR) is an internally-managed real estate investment trust that operates as a leader in commercial real estate finance. The company originates and invests in a diversified portfolio of commercial real estate and real estate-related assets with a focus on senior secured investments. Ladder… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
—
0.00%
$63.70M
−40.7% year over year
Last 12 mo $52.20M
4.33%
−2.7 percentage points
Last 12 mo 3.66%
Cash & financing
$87.02M
−35.0% year over year
Last 12 mo $102.98M
$78.68M
−38.3% year over year
Last 12 mo $95.42M
2.37
Was 2.04× a year earlier
Last 12 mo 2.80
126.2M
+0.3% year over year
Last 12 mo 125.6M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Ladder Capital Corp does

In the company’s own words

Ladder Capital Corp (NYSE: LADR) is an internally-managed real estate investment trust that operates as a leader in commercial real estate finance. The company originates and invests in a diversified portfolio of commercial real estate and real estate-related assets with a focus on senior secured investments. Ladder Capital's website is www.laddercapital.com.

The company's primary business segments include originating senior first mortgage fixed and floating rate loans collateralized by commercial real estate with flexible loan structures, owning and operating commercial real estate properties, and investing in investment-grade securities secured by first mortgage loans on commercial real estate. Since its inception in October 2008 through December 31, 2025, Ladder Capital has originated $31.3 billion of commercial real estate loans, acquired $16.0 billion of predominantly investment-grade-rated securities secured by first mortgage loans on commercial real estate, and acquired $2.2 billion of selected net leased and other real estate assets.

The company's loan portfolio consists of balance sheet first mortgage loans, conduit first mortgage loans available for securitization, and other commercial real estate-related loans. As of December 31, 2025, Ladder Capital held 73 balance sheet first mortgage loans with an aggregate book value of $2.2 billion and one conduit loan with a carrying value of $28.0 million. The company's real estate portfolio includes 149 single-tenant net leased properties with an undepreciated book value of $596.2 million and 56 diversified commercial real estate properties with an undepreciated book value of $370.0 million. The securities portfolio totaled $2.1 billion in estimated fair value across 115 CMBS investments, with 98.6 percent rated investment grade.

Ladder Capital maintains a diversified financing strategy utilizing senior unsecured notes, unsecured revolving credit facilities, secured loan and securities repurchase financing, non-recourse mortgage debt, and collateralized loan obligations. As of December 31, 2025, the company had $2.2 billion of senior unsecured notes outstanding and maintained a $4.1 billion pool of unencumbered assets. The company has originated $17.0 billion of conduit loans, of which $16.9 billion were sold into 75 CMBS securitizations, establishing Ladder Capital as one of the largest non-bank contributors of loans to CMBS securitizations in the United States.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
NEW YORK, NY
Fiscal year end
December
CIK
1577670
SIC
6798

Financial performance, year by year

Fiscal 2014–2025 · USD
$-43.35M$58.32M$160.00M$261.67M$363.35M201420152016201720182019202020212022202320242025Last 12 moLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Ladder Capital Corp — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

167
funds hold it
0 of 35
superinvestors hold it
$358.70M
held by funds, at market
28.1%
of shares held by funds
4
bond issues held by funds

Largest fund holders · Ladder Capital Corp’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.04%of fund net assets
PGIM Jennison Small Company Fund
PGOAX · Prudential Jennison Small Co Fund, Inc.
0.71%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.02%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Ladder Capital Corp’s bonds, as funds hold them

Funds report holding 4 issues of Ladder Capital Corp’s debt, $325.00M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.48%, maturing 2027 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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