Ladder Capital Corp-A 2025年季度报告

Form10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedMarch31, 2025 Or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the transition period fromto Commission file number:001-36299 (Exact name of registrant as specified in its charter) (212)715-3170(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Table of Contents Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that theregistrant 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 smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act: If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act):Yes☐No☒ Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. LADDER CAPITAL CORP FORM10-QMarch31, 2025 IndexPART I - FINANCIAL INFORMATIONItem 1.Financial Statements (Unaudited)Consolidated Balance SheetsConsolidated Statements of IncomeConsolidated Statements of Comprehensive IncomeConsolidated Statements of Changes in EquityConsolidated Statements of Cash FlowsNotes to Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and ProceduresPART II - OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form10-Q (this “Quarterly Report”) includes forward-looking statements within the meaning ofSection27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section21E of the Securities Exchange Act of 1934,as amended (the “Exchange Act”). All statements other than statements of historical fact contained in this Quarterly Report, includingstatements regarding our future results of operations and financial position, strategy and plans, and our expectations for futureoperations, are forward-looking statements. The words “anticipate,” “estimate,” “expect,” “project,” “plan,” “intend,” “believe,”“may,” “might,” “will,” “should,” “can have,” “likely,” “continue,” “design,” and other words and terms of similar expressions areintended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trendsthat we believe may affect our financial condition, results of operations, strategy, short-term and long-term business operations andobjectives and financial needs. Although we believe that the expectations reflected in our forward-looking statements are reasonable,actual results could differ from those expressed in our forward-looking statements. Our future financial position and results ofoperations, as well as any forward-looking statements are subject to change and inherent risks and uncertainties. You should considerour forward-looking statements in light of a number of factors that may cause actual results to vary from our forward-lookingstatements including, but not limited to: •risks discussed under the heading “Risk Factors” herein and in our Annual Report on Form 10-K for the year endedDecember 31, 2024 (“the Annual Report”), as well as our consolidated financial statements, related notes, and the otherfinancial information appearing elsewhere in this Quarterly Report and our other filings with the United States Securities andExchange Commission (the “SEC”);•heightened market volatility driven by escalating global trade tensions and increased ta