secwatch.observer — SEC 8-K summary
======================================

Issuer:     Ladder Capital Corp (LADR)
CIK:        0001577670
Form:       8-K
Filed at:   2022-07-28T23:59:59+00:00
Accession:  0001157523-22-000951
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ladder Capital Q2 GAAP income $45.8M, EPS $0.28; upsizes credit facility to $324M
--------------------------------------------------------------------------------

- GAAP income before taxes $45.8M, diluted EPS $0.28 for Q2 2022.
- Distributable earnings $43.7M, or $0.34 per share.
- CEO cites growing floating-rate loan portfolio and expects continued NII growth from Fed rate hikes.
- After quarter end, upsized revolver by >20% to $324M; maturity extended to 2027.
- Borrowing cost reduced ~50bps to 2.50% over index; could drop to 2.00% with certain credit ratings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1577670/000115752322000951/0001157523-22-000951-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1577670/000115752322000951/a52795086.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-000951

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer