Rating Agency Grants Second-Tier Credit Status to Ladders
Ladder Capital Corp Achieves Investment Grade Rating from Moody's
New York - Ladder Capital Corp, a prominent commercial real estate finance REIT, announced today that it has received an investment grade rating from Moody's Ratings. This significant milestone comes following a similar upgrade from Fitch Ratings last week, making Ladder the only commercial mortgage REIT with investment grade ratings from both agencies.
Moody's has assigned a Baa3 issuer rating to Ladder Capital Corp and upgraded the senior unsecured rating of Ladder Capital Finance Holdings LLLP to Baa3 from Ba1. Both entities have been issued a stable outlook.
The investor-friendly ratings enhance Ladder's financial flexibility and improve its borrowing cost, benefiting both the debt capital markets and the recently upsized revolving credit facility.
"We are proud to receive credit rating upgrades from Moody's and Fitch in successive weeks. These investment grade ratings further bolster our autonomy and enable us to operate independently of third-party financing," said Brian Harris, Ladder's CEO. "Our focus on disciplined lending, conservative leverage, and consistent performance across market cycles positions us advantageously to seize future opportunities."
Factors cited by Moody's in their ratings upgrade include Ladder's strong funding and liquidity, solid capitalization, history of more stable and less variable profitability compared to peers, and impressive credit results that highlight its robust risk management culture and experienced leadership team.
Established in 2008, Ladder specializes in underwriting commercial real estate across the capital stack, maintaining $4.5 billion in assets. The company has invested over $47 billion in debt and equity, serving both institutional and middle-market clients, with a primary focus on originating fixed and floating rate first mortgage loans secured by various commercial real estate property types.
As the largest shareholder, Ladder's management team and board of directors collectively own more than 11% of the company's equity, aligning their interests closely with other stakeholders. With two investment grade ratings, Ladder stands out as a leading, independently operated commercial real estate finance REIT, capable of providing customized capital solutions and executing decisively in the commercial real estate finance sector.
Ladder can be reached for investor inquiries at (917) 369-3207 or [email protected].
About Ladder
Founded in 2008, Ladder is a leading diversified commercial real estate finance platform that specializes in underwriting commercial real estate across the capital stack. With $4.5 billion of assets, its investment objective is to preserve and protect shareholder capital while generating attractive risk-adjusted returns.
Contacts
Investor ContactLadder Investor Relations(917) [email protected]
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- The upgrades in credit ratings from both Moody's and Fitch to investment grade have enhanced Ladder Capital Corp's financial flexibility, lowering its borrowing costs and benefiting both the debt capital markets and the recently upsized revolving credit facility.
- Moody's has assigned a Baa3 issuer rating to Ladder Capital Corp and upgraded the senior unsecured rating of Ladder Capital Finance Holdings LLLP to Baa3 from Ba1, indicating a positive outlook for both entities.
- Ladder's focus on disciplined lending, conservative leverage, and consistent performance across market cycles, coupled with its strong funding and liquidity, solid capitalization, history of more stable and less variable profitability, and impressive credit results, have earned it a robust risk management culture and an experienced leadership team, evident in its recent investment grade ratings.
