Ladder Capital Corp (LADR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
320 PARK AVENUE, 15TH FLOOR NEW YORK, NY 10022 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,015,822 | 609,197 | 548,744 | 1,254,432 | 58,171 | 67,878 | |||
| Cash and cash equivalents | 1,015,678 | 609,078 | 548,744 | 1,254,432 | 58,171 | 67,878 | |||
| Short-term investments | 144 | 119 | |||||||
| Receivables | (31,752) | (41,507) | |||||||
| Prepaid expense | 10,500 | 11,600 | |||||||
| Financing receivable, accrued interest, after allowance for credit loss | ✕ | 22,400 | 23,200 | ✕ | ✕ | ||||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | (43,165) | (20,755) | ✕ | ✕ | ✕ | |||
| Total current assets: | 995,057 | 611,642 | 516,992 | 1,212,925 | 68,671 | 79,478 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 14,700 | 15,800 | 1,100 | 1,300 | 2,200 | ✕ | |||
| Long-term investments and receivables | 6,877 | 6,219 | 23,154 | 46,253 | 48,433 | 40,354 | |||
| Long-term investments | 6,877 | 6,219 | 23,154 | 46,253 | 48,433 | 40,354 | |||
| Intangible assets, net (including goodwill) | 61,049 | 64,964 | 79,093 | 91,162 | 98,430 | 104,300 | |||
| Intangible assets, net (excluding goodwill) | 61,049 | 64,964 | 79,093 | 91,162 | 98,430 | 104,300 | |||
| Total noncurrent assets: | 82,626 | 86,983 | 103,347 | 138,715 | 149,063 | 144,654 | |||
| Other undisclosed assets | 4,434,994 | 5,252,548 | 5,230,913 | 4,529,589 | 6,451,418 | 6,048,740 | |||
| TOTAL ASSETS: | 5,512,677 | 5,951,173 | 5,851,252 | 5,881,229 | 6,669,152 | 6,272,872 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | |||||||||
| Accrued liabilities | |||||||||
| Debt | 606,607 | 847,863 | 444,577 | 820,837 | 1,815,934 | 663,686 | |||
| Total current liabilities: | 606,607 | 847,863 | 444,577 | 820,837 | 1,815,934 | 663,686 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,373,872 | 3,569,749 | 3,893,056 | 3,511,967 | 3,214,241 | 3,965,551 | |||
| Total liabilities: | 3,980,479 | 4,417,612 | 4,337,633 | 4,332,804 | 5,030,175 | 4,629,237 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 1,533,148 | 1,533,346 | 1,507,137 | 1,543,162 | 1,458,277 | 1,445,153 | |||
| Treasury stock, value | (12,001) | (95,600) | (76,324) | (62,859) | (42,699) | (32,815) | |||
| Additional paid in capital | 1,756,750 | 1,826,833 | 1,795,249 | 1,780,074 | 1,532,384 | 1,471,157 | |||
| Accumulated other comprehensive income (loss) | (13,853) | (21,009) | (4,112) | (10,463) | 4,218 | (4,649) | |||
| Retained earnings (accumulated deficit) | (197,875) | (177,005) | (207,802) | (163,717) | (35,746) | 11,342 | |||
| Other undisclosed equity, attributable to parent | 127 | 127 | 126 | 127 | 120 | 118 | |||
| Equity, attributable to noncontrolling interest | (950) | 215 | 6,482 | 5,263 | 180,700 | 198,482 | |||
| Total equity: | 1,532,198 | 1,533,561 | 1,513,619 | 1,548,425 | 1,638,977 | 1,643,635 | |||
| TOTAL LIABILITIES AND EQUITY: | 5,512,677 | 5,951,173 | 5,851,252 | 5,881,229 | 6,669,152 | 6,272,872 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 64 | 101,564 | 108 | 242 | ||||
| Operating lease, lease income | 101,564 | ✕ | ||||||
| Gain (loss) on disposition of assets for financial service operations | (291) | 64 | 108 | (84) | 242 | |||
| Realized investment gains | ||||||||
| Cost of revenue | (139,966) | (154,349) | (108,119) | (133,008) | (135,692) | (136,930) | ||
| Provision for loan, lease, and other losses | (25,110) | (14,395) | 8,605 | (18,543) | (2,600) | (13,900) | ||
| Gross profit: | (139,966) | (154,285) | (6,555) | (132,900) | (135,692) | (136,688) | ||
| Operating expenses | (19,503) | (20,716) | (17,672) | (20,294) | (22,595) | (21,696) | ||
| Operating loss: | (159,469) | (175,001) | (24,227) | (153,194) | (158,287) | (158,384) | ||
| Nonoperating income | 127,123 | 251,072 | 181,749 | 139,955 | 174,652 | 250,320 | ||
| Investment income, nonoperating | 1,481 | 12,360 | 1,749 | (15,270) | (30,011) | 15,926 | ||
| Interest and debt expense | (245,097) | (195,602) | (182,949) | (227,474) | (204,353) | (194,291) | ||
| Loss from continuing operations before equity method investments, income taxes: | (277,443) | (119,531) | (25,427) | (240,713) | (187,988) | (102,355) | ||
| Other undisclosed income from continuing operations before income taxes | 382,188 | 289,745 | 83,248 | 221,466 | 327,635 | 330,674 | ||
| Income (loss) from continuing operations before income taxes: | 104,745 | 170,214 | 57,821 | (19,247) | 139,647 | 228,319 | ||
| Income tax expense (benefit) | (4,244) | (4,909) | (928) | 9,789 | (2,646) | (6,643) | ||
| Income (loss) from continuing operations: | 100,501 | 165,305 | 56,893 | (9,458) | 137,001 | 221,676 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 56,893 | (9,458) | 137,001 | 221,676 | |
| Net income (loss): | 100,501 | 165,305 | 56,893 | (9,458) | 137,001 | 221,676 | ||
| Net income (loss) attributable to noncontrolling interest | 624 | (23,088) | (371) | (4,987) | (14,356) | (41,661) | ||
| Net income (loss) available to common stockholders, diluted: | 101,125 | 142,217 | 56,522 | (14,445) | 122,645 | 180,015 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 100,501 | 165,305 | 56,893 | (9,458) | 137,001 | 221,676 | ||
| Other comprehensive income (loss) | 7,156 | (16,897) | 6,351 | (15,158) | 9,930 | (5,141) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 107,657 | 148,408 | 63,244 | (24,616) | 146,931 | 216,535 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.