Ladder Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Interest and Dividend Income	276.93	358.63	407.28	293.52	176.1	239.85
Total Interest Expense	180.07	221.54	245.1	195.6	182.95	227.47
Net Interest Income	96.86	137.09	162.19	97.92	-6.85	12.38
Commissions and Fees	16.71	18.7	8.93	14.86	11.19	12.65
Gain (Loss) on Sale of Loans & Receivables	4.09	0.03	-0.52	-2.51	8.4	-1.57
Gain (Loss) on Sale of Investments	-	-	-	-	1.5	-12.28
Other Revenue	99.5	104.02	99.19	122.04	104.89	86.8
Revenue Before Loan Losses	233.39	285.12	278.59	348.31	174.9	130.08
Provision for Loan Losses	-0.11	13.93	25.1	3.71	-8.71	18.28
Revenue	233.49	271.18	253.5	344.59	183.61	111.81
Revenue Growth (YoY)	-9.15%	6.98%	-26.44%	87.67%	64.22%	-62.78%
Salaries & Employee Benefits	53.63	60.67	63.62	75.84	38.35	58.1
Cost of Services Provided	64.21	67.48	65.94	66.56	49.64	56.12
Total Operating Expenses	148.92	160.48	159.47	175.07	125.79	153.3
Operating Income	84.57	110.71	94.03	169.53	57.82	-41.5
EBT Excluding Unusual Items	84.57	110.71	94.03	169.53	57.82	-41.5
Other Unusual Items	0.14	0.19	10.72	0.69	-	22.25
Pretax Income	84.71	110.9	104.75	170.21	57.82	-19.25
Income Tax Expense	5.55	3.45	4.24	4.91	0.93	-9.79
Earnings From Continuing Ops.	79.17	107.45	100.5	165.31	56.89	-9.46
Minority Interest in Earnings	0.51	0.81	0.62	-23.09	-0.37	-4.99
Net Income	79.68	108.26	101.13	142.22	56.52	-14.45
Net Income to Common	79.68	108.26	101.13	142.22	56.52	-14.45
Net Income Growth	-17.09%	7.05%	-28.89%	151.61%	-	-
Shares Outstanding (Basic)	126	126	125	124	124	112
Shares Outstanding (Diluted)	126	126	125	126	125	112
Shares Change (YoY)	0.42%	0.72%	-0.75%	1.01%	10.81%	5.65%
EPS (Basic)	0.63	0.86	0.81	1.14	0.46	-0.13
EPS (Diluted)	0.63	0.86	0.81	1.13	0.45	-0.13
EPS Growth	-17.18%	6.17%	-28.32%	151.11%	-	-
Dividend Per Share	0.920	0.920	0.920	0.880	0.800	0.940
Dividend Growth	-	-	4.54%	10.00%	-14.89%	-30.88%
Operating Margin	36.22%	40.82%	37.09%	49.20%	31.49%	-37.12%
Profit Margin	34.13%	39.92%	39.89%	41.27%	30.78%	-12.92%
Effective Tax Rate	6.55%	3.11%	4.05%	2.88%	1.60%	-

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.