Ladder Capital
Ladder Capital Corp is an investment grade-rated, internally-managed real estate investment trust (REIT) specializing in commercial real estate finance. The company primarily originates senior secured assets, including first mortgage loans, while also managing a portfolio of commercial real estate properties and investment-grade securities. Its core value proposition lies in its flexible capital allocation across complementary product lines and a disciplined, credit-centric underwriting approach.
Financials
Based on Q1 2026 filing
Revenue
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Loans
primaryThe primary business segment focused on originating and investing in various commercial real estate loans, including balance sheet first mortgages for transitional properties and conduit loans for securitization.
Balance Sheet First Mortgage Loans, Conduit First Mortgage Loans, Mezzanine Loans, Note Purchase Financings, Subordinated Debt
Real estate owners, Property developers, Real estate investors, Mortgage brokers
Real Estate
majorThis segment involves the direct ownership and operation of commercial real estate, focusing on stable, income-producing assets with a high concentration of necessity-based tenants.
Single Tenant Net Leased Properties, Diversified Commercial Real Estate Properties
Necessity-based businesses, Commercial tenants
Securities
majorInvestment in real estate-related securities, primarily AAA-rated commercial mortgage-backed securities (CMBS), to generate interest income and manage corporate liquidity.
Commercial Mortgage-Backed Securities (CMBS), CRE CLOs, U.S. Agency Securities, Risk Retention Securities
Institutional investors, Secondary market participants
Segment Financials
Loans — Total Assets
View metricLoans — Compensation and employee benefits
View metricLoans — Interest Income
View metricReal Estate — Investment related expenses
View metricReal Estate — Real estate operating income
View metricReal Estate — Real estate operating expenses
View metricReal Estate — Interest Income
View metricBusiness Overview
Competitive Position
A leading non-bank contributor to CMBS securitizations with a focus on senior secured, investment-grade assets and a flexible internal origination platform.
Geographies
United States
Customer Segments
Commercial borrowers, Corporate tenants, Institutional investors
Upstream Dependencies
Capital markets for debt and equity, Commercial banks for repurchase facilities, Third-party appraisers and engineers, Legal counsel
Downstream Customers
Commercial real estate borrowers, CMBS trusts, Institutional buyers of whole loans, Commercial tenants
Competitors & Partners
Competitors
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Partners
S&P Global
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Credit rating agency for securities portfolio
Moody's
MCO
Credit rating agency for securities and corporate debt
Fitch Ratings Inc.
Credit rating agency for securities and corporate debt
Subsidiaries
Ladder Capital Finance LLC
Primary operating subsidiary and employer of all staff
Ladder Capital Asset Management LLC
Registered investment adviser (RIA) subsidiary
Ladder Capital FAQ
Common questions about Ladder Capital
Ladder Capital Corp is an investment grade-rated, internally-managed real estate investment trust (REIT) specializing in commercial real estate finance. The company primarily originates senior secured assets, including first mortgage loans, while also managing a portfolio of commercial real estate properties and investment-grade securities. Its core value proposition lies in its flexible capital allocation across complementary product lines and a disciplined, credit-centric underwriting approach.
Ladder Capital (LADR) has a market capitalization of $1.3B and trades on NYSE.
Ladder Capital generated $104.8M in trailing twelve-month revenue with net income of $54.7M, representing a net margin of 52.2%, with free cash flow of $99.5M. These figures are based on the Q1 2026 filing.
Ladder Capital's key competitors include Blackstone Mortgage Trust, Apollo Commercial Real Estate Finance, Starwood Property Trust, and others. These companies compete in similar markets and product categories.
Ladder Capital has approximately 59 employees.