Ladder Capital (LADR) Q2 2025 Earnings Transcript
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Ladder Capital (NYSE:LADR) achieved a milestone by attaining investment-grade ratings from Moody’s and Fitch, facilitating its inaugural $500 million unsecured bond offering in Q2 2025 at a 167 basis point spread -- the lowest new issuance spread in company history -- and shifting its balance sheet to predominantly unsecured, long-term funding. Management reported robust liquidity, ample unencumbered assets, and a disciplined focus on loan and securities origination, notably accelerating loan growth post-quarter with a substantial pipeline of multifamily loans. The company is adjusting toward a capital structure similar to property REITs, aiming for cost of capital benefits and broader investor appeal, while maintaining conservative leverage discipline and targeting portfolio growth supported by stable, net lease–generated income.
Source Fool.com
