initial public offerings (IPOs) trading on American exchanges

Friday, February 7, 2014

Ladder Capital (LADR) began trading on the NYSE on 6 February 2014

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.


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.


8th Floor, 345 Park Avenue
NEW YORK, NY 10154
United States

Key stats and ratios

Q3 (Sep '13)2012
Net profit margin36.81%61.03%
Operating margin35.60%61.49%
EBITD margin-74.95%
Return on average assets3.40%6.74%
Return on average equity137.22%518.73%

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