Ladder Capital Corp (LADR) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.793 Good morning and welcome to Ladder Capital Corp's earnings call for the second quarter 00:00:03.793 -- 00:00:05.294 of 2026. 00:00:05.294 -- 00:00:08.475 As a reminder, today's call is being recorded. 00:00:08.475 -- 00:00:12.637 This morning, Ladder released its financial results for the quarter ended June 30th, 00:00:12.637 -- 00:00:17.399 2026. Before the call begins, I'd like to call your attention to the customary safe harbor 00:00:17.399 -- 00:00:21.353 disclosure in our earnings release regarding forward-looking statements. 00:00:21.353 -- 00:00:25.555 Today's call may include forward-looking statements and projections, and we refer you 00:00:25.555 -- 00:00:30.116 to our most recent Form 10-K for important factors that could cause actual results to 00:00:30.116 -- 00:00:33.357 differ materially from these statements and projections. 00:00:33.357 -- 00:00:37.799 We do not undertake any obligation to update our forward-looking statements or projections 00:00:37.799 -- 00:00:42.821 unless required by law. In addition, Ladder will discuss certain non-GAAP 00:00:42.821 -- 00:00:47.122 financial measures on this call, which management believes are relevant to assessing 00:00:47.122 -- 00:00:51.744 the company's financial performance. The company's presentation of this information is 00:00:51.744 -- 00:00:57.285 not intended to be considered in isolation or as a substitute for the financial information 00:00:57.285 -- 00:01:02.006 presented in accordance with GAAP. These measures are reconciled to GAAP figures in our 00:01:02.006 -- 00:01:06.167 earnings supplement presentation, which is available in the investor relations section 00:01:06.167 -- 00:01:11.789 of our website. We also refer you to our Form 10-K and earnings suppleme...