Ladder Capital Corp

127 127 Additional paid-in capital 1,784,005 1,777,118 Treasury stock, 3,469,201 and 2,776,538 shares, at cost (38,128) (30,475) Retained earnings (dividends in excess of earnings) (246,686) (206,874) Accumulated other comprehensive income (loss) (3,339) (4,866) Total shareholders equity 1,495,979 1,535,030 Noncontrolling interests in consolidated ventures (2,565) (2,091) Total equity 1,493,414 1,532,939 Total liabilities and equity $ 4,686,544 $ 4,845,073 (1) Includes amounts relating to consolidated variable interest entities.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

We believe distributable earnings, distributable EPS and after-tax distributable ROAE assist investors in comparing our operating performance and our ability to pay dividends across reporting periods on a more relevant and consistent basis by excluding from GAAP measures certain non-cash expenses and unrealized results as well as eliminating timing differences related to conduit securitization gains or losses and changes in the values of assets and derivatives.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

In addition, we use distributable earnings, distributable EPS and after-tax distributable ROAE (i) to evaluate our earnings from operations because management believes that they may be useful performance measures and (ii) because our board of directors considers distributable earnings in determining the amount of quarterly dividends.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Distributable earnings prior to charge-offs of allowance for credit losses is used as an additional performance metric to consider when declaring our dividends.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

In addition, distributable earnings should not be considered to be the equivalent to REIT taxable income calculated to determine the minimum amount of dividends the Company is required to distribute to shareholders to maintain REIT status.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

We deliver tailored capital solutions across the commercial real estate landscape, with a focus on the middle market.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Since inception, Ladder has maintained a conservative and durable capital structure - a strategy reflected in its investment grade credit ratings of Baa3 from Moody s Ratings and BBB- from Fitch Ratings, both with stable outlooks.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

These forward-looking statements are only predictions, not historical fact, and involve certain risks and uncertainties, as well as assumptions.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025

There are a number of risks and uncertainties that could cause actual results to differ materially from forward-looking statements made herein including, most prominently, the risks discussed under the heading Risk Factors in the Company s Annual Report on Form 10-K for the year ended December 31, 2024, as well as its consolidated financial statements, related notes, and other financial information appearing therein, and its other filings with the U.

SEC original ↗Ladder Capital Corp — Earnings release (8-K exhibit)EX-99Oct 23, 2025