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Stock impact report

Ladder Capital Corp Provides Business and Liquidity Update

Ladder Capital Corp Class A (LADR) 
Last ladder capital corp class a earnings: 2/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.laddercapital.com
Company Research Source: Business Wire
Announces Unrestricted Cash Position of More than $600 Million NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today provided an update on its liquidity and certain steps the Company has taken to position itself for continued success amid the current market volatility related to the global COVID-19 pandemic. As of today, the Company has increased unrestricted cash to more than $600 million, nearly double the Company’s unrestricted cash as of its previous market update on April 2, 2020.“Ladder Capital was built during the financial crisis of 2008, and maintaining financial strength and risk mitigation have always been part of our company’s DNA,” said Brian Harris, Founder and Chief Executive Officer of Ladder Capital. “We have taken proactive steps in the face of these unprecedented times in order to enhance our liquidity position and preserve the flexibility we need to continue to operate and succeed in the present market environment. With ov Show less Read more
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