Ladder Capital: The Dividend Should Be Safe In 2024, Buy The Drop (Rating Upgrade)

r # n 11:2 Ozgur Donmaz Ladder Capital (NYSE:LADR) is trading at a higher discount to book value after a rival, Starwood Property Trust (STWD) announced stricter redemption requirements for one of its non-traded REITs, the Starwood Real Estate Income Trust last week. These redemption restrictions reignited new concerns about the health of the portfolios of CRE-focused REITs, including Ladder Capital. Ladder Capital is performing well, however, and the REIT comfortably supported its dividend with distributab ...