Ladder Capital Corp (LADR) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.896 Good morning and welcome to Ladder Capital Corp's earnings call for the first quarter 00:00:03.896 -- 00:00:05.719 of 2026. 00:00:05.719 -- 00:00:08.983 As a reminder, today's call is being recorded. 00:00:08.983 -- 00:00:12.628 This morning, Ladder released its financial results for the quarter ended March 31st, 00:00:12.628 -- 00:00:14.628 2026. 00:00:15.011 -- 00:00:18.676 Before the call begins, I'd like to call your attention to the customary safe harbor 00:00:18.676 -- 00:00:22.087 disclosure in our earnings release regarding forward-looking statements. 00:00:22.087 -- 00:00:26.334 Today's call may include forward-looking statements and projections, and we refer you 00:00:26.334 -- 00:00:30.460 to our most recent Form 10-K for important factors that could cause actual results to 00:00:30.460 -- 00:00:33.886 differ materially from these statements and projections. 00:00:33.886 -- 00:00:37.852 We do not undertake any obligation to update our forward-looking statements or projections 00:00:37.852 -- 00:00:43.200 unless required by law. In addition, LADRR will discuss certain non-GAAP financial 00:00:43.200 -- 00:00:46.465 measures on this call which management believes are relevant to assessing the company's 00:00:46.465 -- 00:00:50.827 financial performance. The company's presentation of this information is not intended 00:00:50.827 -- 00:00:55.433 to be considered in isolation or as a substitute for financial information presented 00:00:55.433 -- 00:01:00.220 in accordance with GAAP. These measures are reconciled to GAAP figures in our earnings 00:01:00.220 -- 00:01:04.306 supplement presentation, which is available in the investor relations section of our 00:01:04.306 -- 00:01:09.633 website. We also refer you to our Form 10-...