NEW YORK--(BUSINESS WIRE)--
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the tax treatment of its 2024 Class A common stock dividend payments. For the tax year ended December 31, 2024, the tax treatment of distributions paid in respect of Class A common stock is as follows:
Record Date |
Payable Date |
Distribution per Share |
Ordinary Dividends |
Qualified Dividends (1) |
Capital Gain |
Unrecapt. 1250 Gain (2) |
Return of Capital |
Sec. 199A Dividends (3) |
Form 1099 |
References: |
(Boxes 1a + 2a + 3) |
Box 1a |
Box 1b |
Box 2a |
Box 2b |
Box 3 |
Box 5 |
3/28/2024 |
4/15/2024 |
$0.230 |
$0.195 |
$0.000 |
$0.035 |
$0.023 |
$0.000 |
$0.195 |
6/28/2024 |
7/15/2024 |
$0.230 |
$0.195 |
$0.000 |
$0.035 |
$0.023 |
$0.000 |
$0.195 |
9/30/2024 |
10/15/2024 |
$0.230 |
$0.195 |
$0.000 |
$0.035 |
$0.023 |
$0.000 |
$0.195 |
12/31/2024 |
1/15/2025(4) |
$0.230 |
$0.195 |
$0.000 |
$0.035 |
$0.023 |
$0.000 |
$0.195 |
Total 2024 Dividends |
$0.920 |
$0.780 |
$0.000 |
$0.140 |
$0.092 |
$0.000 |
$0.780 |
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Notes: |
(1) Amounts in 1b are included in 1a |
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(2) Amounts in 2b are included in 2a |
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(3) Amounts in 5 are included in 1a |
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(4) The $0.230 fourth quarter dividend paid on 1/15/2025 is considered a 2024 dividend for U.S. federal income tax purposes and is reflected in 2024 tax reporting. |
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About Ladder
Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $5.4 billion of assets, our investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns.
Since 2008, we have invested over $46 billion in debt and equity, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans secured by all commercial real estate property types. We also own and operate commercial real estate, including net leased commercial properties, and we invest in investment grade securities secured by first mortgage loans on commercial real estate.
We are internally-managed and members of our management team and board of directors collectively own more than 11% of Ladder’s equity, making them the Company’s largest shareholder and aligning their interests closely with fellow stakeholders. Since our founding, their vision has been to support the Company’s investment platform with a conservative and durable capital structure. Our industry-leading credit ratings reflect this differentiated financing strategy.
Ladder is headquartered in New York City with a regional office in Miami, Florida. All amounts in this section are as of September 30, 2024.
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