LADR FINANCIAL STATEMENTS

Ladder Capital Corp Class A — balance sheet, income statement and cash flow trends

LADRLadder Capital Corp Class A

🇺🇸 USA · NYSE · Real Estate · REIT - Mortgage

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue400.3 M $-13.2%

Gross Profit284.7 M $-18.2%

Operating Income242.8 M $-17.4%

EBITDA276.2 M $-19.5%

Net Income55 M $-46.8%

Peer Comparison· REIT - Mortgage

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
LADR	-13.2%	71.1%	69.0%	13.7%
SVI	11.1%	65.6%	61.0%	-4.3%
CIP	0.7%	77.5%	73.9%	59.1%
RYGYO	-7.1%	91.9%	93.0%	470.3%
YGGYO	8.1%	77.9%	80.2%	169.0%
ASK	—	73.3%	120.7%	116.8%
Industry median	19.5%	71.0%	61.0%	13.4%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
LADR	-13.2%	71.1%	69.0%	13.7%
TWO	-0.2%	88.0%	16.9%	-44.8%
ORC	548.9%	71.0%	137.8%	36.0%
ABR	97.1%	92.6%	72.9%	9.8%
CIM	105.7%	51.5%	50.9%	3.0%
ARI	7.3%	66.2%	85.9%	17.9%
Industry median	19.5%	71.0%	61.0%	13.4%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity1.4 B $26%
Current Liabilities1.5 B $27%
Long-term Liabilities2.7 B $47%

Key Figures

YoY change

Total Assets5.6 B $+25.4%

Total Liabilities4.2 B $+40.8%

Total Equity1.4 B $-4.6%

Cash & ST Investments51.6 M $-89.3%

Total Debt4 B $+44.5%

Net Debt4 B $+72.3%

Peer Comparison· REIT - Mortgage

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
LADR	0.04	278.3%	14.39	25.8%
SVI	0.31	2,666.6%	10.90	3.5%
CIP	0.08	57.7%	8.04	62.1%
RYGYO	1.23	8.8%	0.75	83.9%
YGGYO	11.30	2.0%	-1.86	94.7%
ASK	1.48	52.8%	3.87	63.4%
Industry median	0.08	461.9%	20.67	15.8%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
LADR	0.04	278.3%	14.39	25.8%
TWO	0.09	478.5%	60.48	16.4%
ORC	0.09	806.4%	22.07	11.0%
ABR	0.13	395.8%	12.43	19.5%
CIM	0.08	516.9%	37.88	15.4%
ARI	0.03	450.3%	13.19	18.0%
Industry median	0.08	461.9%	20.67	15.8%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow107.8 M $-14.2%

Capital Expenditures2.1 M $-55.5%

Free Cash Flow107.8 M $-14.2%

Dividends Paid-117.2 M $-199.7%

Peer Comparison· REIT - Mortgage

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
LADR	26.9%	26.9%	0.5%	195.9%
SVI	30.8%	24.6%	27.3%	-719.8%
CIP	36.1%	36.1%	0.0%	61.1%
RYGYO	126.5%	33.3%	2.0%	26.9%
YGGYO	104.2%	93.3%	7.4%	61.6%
ASK	33.7%	31.4%	2.3%	28.8%
Industry median	16.3%	14.1%	0.1%	57.6%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
LADR	26.9%	26.9%	0.5%	195.9%
TWO	4.4%	-9.1%	13.5%	-9.8%
ORC	42.3%	42.3%	0.0%	117.5%
ABR	17.7%	16.3%	8.1%	179.5%
CIM	-8.5%	-8.5%	12.0%	-281.8%
ARI	16.3%	3.9%	12.4%	91.2%
Industry median	16.3%	14.1%	0.1%	57.6%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.