Ladder Capital Corp-A 2024年度报告

Form 10-K (Mark One) ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period fromto Commission file number:001-36299 Ladder Capital Corp (Exact name of registrant as specified in its charter) Delaware 80-0925494 (State or other jurisdiction ofincorporation or organization) (IRS EmployerIdentification No.) 10022 (Zip Code) (Address of principal executive offices) (212) 715-3170(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: 1 Table of ContentsIndicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section15(d) of the Act. Yes☐No☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter periodthat the registrant was required to file such reports), and (2) has been subject to such filing requirementsfor the past 90 days. Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company”in Rule 12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards providedpursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’sassessment of the effectiveness of its internal control over financial reporting under Section 404(b) of theSarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issuedits audit report. Yes☐No☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of theExchange Act):Yes☐No☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether thefinancial statements of the registrant included in the filing reflect the correction of an error to previouslyissued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recoveryanalysis of incentive-based compensation received by any of the registrant’s executive officers during therelevant recovery period pursuant to §240.10D-1(b).☐ The aggregate market value of the Class A common stock held by non-affiliates of the registrant was$1,276,191,725 as of June 30, 2024, based on the closing price of the registrant’s Class A common stockreported on the New York Stock Exchange on such date of $11.29 per share. The registrant has no non-voting common stock. Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of thelatest practicable date. Class A common stock, $0.001 par valueClass B common stock, $0.001 par value DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive proxy statement for the Company’s 2024 Annual Meeting of Stockholders havebeen incorporated by reference into Part III of this Report. Table of Contents LADDER CAPITAL CORP FORM 10-KDecember 31, 2024 Index Page PART IItem 1.Item 1A.Item 1B.Item 1C.Item 2.Item 3.Item 4.PART IIItem 5. Business1Risk Factors15Unresolved Staff Comments51Cybersecurity51Properties52Legal Proceedings52Mine Safety Disclosures53 Item 6. Item 7.Item 7A.Item 8. Item 9. Item 9A.Controls and Procedures154Item 9B.Other Information155Item 9C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections155PART IIIItem 10.Directors, Executive Officers and Corporate Governance156Item 11.Executive Compensation156Item 12.Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder Matters156Item 13.Certain Relationships and Related Transactions, and DirectorIndependence156Item 14.Principal Accountant Fees and Services156PART IVItem 15.Exhibits and Financial Statement Schedules157Item 16.Form 10-K Summary157EXHIBIT INDEXSIGNATURES3 Table of ContentsCAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Annual Report on Form 10-K (this “Annual Report”) includ