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LADR| Name | Value |
|---|---|
| Revenues | 128.3M |
| Cost of Revenue | 10.8M |
| Gross Profit | 117.6M |
| Operating Expense | 4.5M |
| Operating I/L | 25.3M |
| Other Income/Expense | 3.2M |
| Interest Income | 96.1M |
| Pretax | 28.5M |
| Income Tax Expense | 0.9M |
| Net Income/Loss | 27.9M |
Ladder Capital Corp operates in three segments: Loans, Securities, and Real Estate. The Loans segment originates and invests in first mortgage loans secured by commercial real estate, including properties undergoing transition. It also invests in note purchase financings, subordinated debt, mezzanine debt, and other structured finance products. The Securities segment invests in commercial mortgage-backed securities, U.S. Agency Securities, corporate bonds, and equity securities. The Real Estate segment owns and invests in a portfolio of commercial and residential real estate properties. As a real estate investment trust, it benefits from tax advantages by distributing at least 90% of its taxable income to stockholders.
