Ladder Capital Corp

laddercapital.com

Ladder Capital Corp (NYSE: LADR) is a commercial real estate finance company that originates, invests in, and manages a portfolio of mortgage loans, securities, and net-leased real estate assets. It makes money primarily through net interest income, the spread between interest earned on mortgage loan receivables and securities and the cost of its debt obligations, supplemented by real estate operating income and fee income. Interest income was $266.9 million for the year ended December 31, 2025, down from $358.6 million in the year ended December 31, 2024, producing net interest income of $92.0 million and $137.1 million respectively. The company operates as a real estate investment trust and carries debt obligations on its balance sheet financed through instruments including collateralized loan obligations and long-term non-recourse mortgage financing. As of December 31, 2025, non-recourse mortgage debt on owned real estate had a carrying amount of $388.2 million, net of unamortized premiums of $3.1 million. Income before taxes was $67.2 million for the year ended December 31, 2025, compared to $110.9 million for the year ended December 31, 2024. Brian Harris serves as Chief Executive Officer and Paul J. Miceli as Chief Financial Officer, per the 10-K filed February 9, 2026.