Ladder Capital Corp (LADR) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.636 Good morning and welcome to Ladder Capital Corp's earnings call for the second quarter 00:00:03.636 -- 00:00:07.381 of 2025. As a reminder, today's call is being recorded. 00:00:07.381 -- 00:00:13.289 This morning, Ladder released its financial results for the quarter ended June 30, 2025. 00:00:13.289 -- 00:00:16.934 Before the call begins, I'd like to call your attention to the customary safe harbor 00:00:16.934 -- 00:00:20.419 disclosure in our earnings release regarding forward-looking statements. 00:00:20.419 -- 00:00:23.791 Today's call may include forward-looking statements and projections. 00:00:23.791 -- 00:00:28.315 and we refer you to our most recent Form 10-K for important factors that could cause 00:00:28.315 -- 00:00:32.199 actual results to differ materially from these statements and projections. 00:00:32.199 -- 00:00:36.483 We do not undertake any obligation to update our forward-looking statements or projections 00:00:36.483 -- 00:00:41.608 unless required by law. In addition, Ladder will discuss certain non-GAAP financial 00:00:41.608 -- 00:00:45.712 measures on this call, which management believes are relevant to assessing the company's 00:00:45.712 -- 00:00:50.436 financial performance. The company's presentation of this information is not intended 00:00:50.436 -- 00:00:55.501 to be considered in isolation or as a substitute for the financial information presented 00:00:55.501 -- 00:01:00.168 in accordance with GAAP. These measures are reconciled to GAAP figures in our earnings 00:01:00.168 -- 00:01:04.254 supplement presentation, which is available in the investor relations section of our 00:01:04.254 -- 00:01:09.501 website. We also refer you to our Form 10-K and earnings supplement presentation 00:01:09.501 --...