Ladder Capital Corp (LADR) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.716 Good morning and welcome to Ladder Capital Corp's earnings call for the first quarter 00:00:03.716 -- 00:00:07.601 of 2025. As a reminder, today's call is being recorded. 00:00:07.601 -- 00:00:14.209 This morning, Ladder released its financial results for the quarter ended March 31, 2025. 00:00:14.209 -- 00:00:17.874 Before the call begins, I'd like to call your attention to the customary safe harbor 00:00:17.874 -- 00:00:21.519 disclosure in our earnings release regarding forward-looking statements. 00:00:21.519 -- 00:00:25.902 Today's call may include forward-looking statements and projections and we refer you 00:00:25.902 -- 00:00:30.428 to our most recent form 10-K for important factors that could cause actual results to 00:00:30.428 -- 00:00:33.852 differ materially from these statements and projections. 00:00:33.852 -- 00:00:38.277 We do not undertake any obligation to update our forward-looking statements or projections 00:00:38.277 -- 00:00:43.664 unless required by law. In addition, Ladder will discuss certain non-GAAP financial 00:00:43.664 -- 00:00:48.029 measures on this call, which management believes are relevant to assessing the company's 00:00:48.029 -- 00:00:53.196 financial performance. The company's presentation of this information is not intended 00:00:53.196 -- 00:00:58.396 to be considered in isolation or as a substitute for the financial information presented 00:00:58.396 -- 00:01:03.122 in accordance with GAAP. These measures are reconciled to GAAP figures in our earnings 00:01:03.122 -- 00:01:07.368 supplement presentation, which is available in the investor relations section of our 00:01:07.368 -- 00:01:12.895 website. We also refer you to our Form 10-K and earnings supplement presentation 00:01:12.895 -- ...