NEW YORK--(BUSINESS WIRE)--Jan. 21, 2026-- Ladder Capital Corp ("Ladder," the "Company," "we" or "our") (NYSE: LADR), a leading commercial real estate finance REIT, announced today that S&P Global Ratings ("S&P") raised its ratings on Ladder's subsidiary issuers and unsecured notes to 'BB+' from 'BB' and also assigned a 'BB+' issuer credit rating to Ladder Capital Corp. The outlook is stable.

S&P cited several factors in the upgrade, including the Company's improved leverage profile, strong business diversification across segments which helped limit losses in recent years, ample liquidity, and a largely unsecured capital structure.

In 2025, the Company became the only investment grade-rated mortgage REIT, with Baa3 and BBB- ratings from Moody's Ratings and Fitch Ratings, respectively, both with a stable outlook.

"We are pleased with this recognition from S&P, which moves us one step closer to attaining investment grade ratings from all three major rating agencies," said Brian Harris, Ladder's Chief Executive Officer. "This upgrade highlights the strength of our disciplined approach to managing leverage, maintaining liquidity, and diversifying our asset base. These principles have allowed us to mitigate risk while positioning Ladder to deploy capital efficiently and deliver attractive, risk-adjusted returns. As the only company in our space with a largely unsecured capital structure, we are well-positioned to act decisively and provide certainty of execution for our clients."

About Ladder
Ladder is a publicly listed, investment grade-rated commercial real estate finance company with a diversified, nationwide platform. We deliver tailored capital solutions across the commercial real estate landscape, with a focus on the middle market. Our investment objective is to preserve and protect shareholder capital while generating attractive, risk-adjusted returns.

Since our founding in 2008, Ladder has deployed more than $49 billion of capital across the real estate capital stack, serving both institutional and middle-market clients. Our primary business is originating fixed and floating rate first mortgage loans collateralized by all major commercial property types. As the only permanently capitalized commercial mortgage REIT with true autonomy from third-party secured financing, Ladder delivers certainty of execution. In addition, we own and operate predominantly net leased, income-producing real estate and invest in investment grade securities secured by first mortgage loans on commercial real estate.

Ladder is internally managed and led by a seasoned management team with deep industry expertise. With over 11% insider ownership, Ladder’s management and board of directors are collectively the Company’s largest shareholder, ensuring strong alignment with the interests of all stakeholders. 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.

The Company is headquartered in New York City, with a regional office in Miami, Florida. All data is as of September 30, 2025.

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Investor Contact
Ladder Investor Relations
(917) 369-3207
investor.relations@laddercapital.com

Source: Ladder Capital Corp