Commercial real estate finance company Ladder Capital raised $225 million after selling 13.3 million shares at $17 each. The New York-based company plans to use the proceeds to expand its loan origination and related commercial real estate business lines and for general corporate purposes. Shares, trading under the symbol "LADR," fell 1 cent to $16.99 on the New York Stock Exchange.
Description
Ladder Capital Corp is a commercial real estate finance company with a loan origination platform and an established national footprint. The Company conducts its business through three business lines: commercial mortgage lending, investments in securities secured by first mortgage loans, and investments in selected net leased and other commercial real estate assets. The Company operates in three segments: Loans, Securities and Real Estate. The Company’s Loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The Securities segment includes all of the Company’s activities related to real estate securities, which include CMBS and U.S. Agency securities. The Real Estate segment includes selected net leased and other commercial real estate assets. Corporate/Other includes its investments in joint ventures, other asset management activities and operating expenses.
Address
8th Floor, 345 Park Avenue
NEW YORK, NY 10154
United States
NEW YORK, NY 10154
United States
Website
http://www.laddercapital.comKey stats and ratios
| Q3 (Sep '13) | 2012 | |
| Net profit margin | 36.81% | 61.03% |
| Operating margin | 35.60% | 61.49% |
| EBITD margin | - | 74.95% |
| Return on average assets | 3.40% | 6.74% |
| Return on average equity | 137.22% | 518.73% |
| Employees | 59 |
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