Ladder Capital(US:LADR)2022-07-28 20:40Investment Portfolio & Activity - Ladder Capital originated $371 million in loans, with $347 million funded at closing, and also funded $20 million of pre-existing loan commitments[11] - The company sold two CRE equity investments for $84 million in net sales proceeds, contributing $15 million to distributable earnings[11] - The total loan portfolio carrying value of assets was $4.023 billion[18] - Securities segment assets had a carrying value of $617 million with a weighted-average yield of 2.9%[19] Portfolio Composition & Financials - Total assets were $5.8 billion, including $4.0 billion in loans (69% of total), $788 million in real estate equity (13%), and $617 million in securities (11%)[11] - Distributable Earnings were $43.7 million and Distributable EPS was $0.34[12] - The company declared a Q2 2022 cash dividend of $0.22 per LADR share, a 10% increase vs Q1 2022, representing a 7.6% annual dividend yield[12] - Net interest income was $22.6 million[37] Capital Structure & Leverage - The company had $2.9 billion of unencumbered assets (49% of total assets), including $217 million of unrestricted cash[12] - The Adjusted Leverage Ratio was 1.8x, or 1.7x net of cash[12] - Non-Recourse, Non-Mark-to-Market & Unsecured Debt + Book Equity comprised 84% of total capitalization[26]