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The conference call can be accessed by dialing (877) 407-4018 domestic or (201) 689-8471 international.Individuals who dial in will be asked to identify themselves and their affiliations.For those unable to participate, an audio replay will be available from p.m.Eastern Time on Tuesday, February 27, 2018 through midnight Tuesday, March 13, 2018.To access the replay, please call (844) 512-2921 domestic or (412) 317-6671 international, access code 13675098.The conference call will also be webcast though a link on Ladder Capital Corp’s Investor Relations website at ir.
As a result of the change in accounting principle, the Company recognized a gain of .1 million on the transaction when it closed on June 29, 2017.
GAAP income before taxes for the three months ended December 31, 2017 was .4 million compared to .4 million for the three months ended December 31, 2016.
The 2017 results reflect higher gains on sales of loans and securities as well as increased operating lease income, offset by lower gains on sales of real estate.
Core earnings, a non-GAAP financial measure, was .4 million for the fourth quarter of 2017, compared to .6 million earned in the fourth quarter of 2016.
For the year ended December 31, 2017, core earnings was 8.8 million compared to 8.2 million for 2016.
The cash dividend is payable on April 2, 2018 to stockholders of record as of the close of business on March 12, 2018.