Strong Liquidity and Low Leverage
Ladder Capital reported $1.3 billion in liquidity, including $480 million in cash and cash equivalents. The company maintained a modest leverage of 1.83x, significantly below the target range of 2x to 3x.
Substantial Loan Originations
For the first quarter of 2025, Ladder Capital originated $329 million in new loans and acquired $521 million in AAA securities, with new loan originations outpacing payoffs. 74% of these originations were backed by multifamily or industrial assets.
Investment Grade Rating Progress
Ladder Capital remains on a positive outlook from Moody's and Fitch, with ratings just one notch below investment grade. S&P upgraded the company’s credit rating by one notch in 2024.
Stable and Growing Securities Portfolio
The securities portfolio increased 37% from year-end to $1.5 billion, primarily comprised of AAA rated securities with a weighted average yield of 5.67%.