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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table
YearSummary Compensation Table Total for CEO
Compensation “Actually Paid” to CEO (1)
Average Summary Compensation Table Total for Other NEOs
Average Compensation “Actually Paid” to Other NEOs(2)
Value of Initial Fixed $100 Investment on
December 31, 2019
Based On:
Net Income
Distributable Earnings(4)

“Company-Selected Measure”
Total Shareholder Return
Peer Group Total Shareholder Return(3)
($)($)($)($)($)($)($ in ‘000)($ in ‘000)
202415,511,342 15,511,342 3,076,754 4,709,543 86.8 78.2 107,447 153,930 
202314,983,943 14,983,943 2,977,895 4,628,808 83.4 80.1 100,501 167,727 
202212,523,354 12,523,354 2,680,827 2,509,977 70.2 69.2 165,305 148,399 
202110,928,909 10,928,909 1,980,281 2,237,640 76.1 91.0 56,893 61,340 
202010,034,690 10,034,690 2,062,914 1,587,399 59.4 79.6 (9,458)51,318 
       
Named Executive Officers, Footnote The Named Executive Officers for 2024, 2023 and 2022 are Messrs. Harris, Miceli and Perelman and Mses. McCormack and Porcella. Paul J. Miceli became Chief Financial Officer on March 1, 2021. The Named Executive Officers for 2021 were Messrs. Harris, Fox, Miceli and Perelman and Mses. McCormack and Porcella. The table reflects both Mr. Miceli and Mr. Fox’s actual compensation for 2021, neither of which have been annualized. The Named Executive Officers for 2020 were Messrs. Harris, Fox and Perelman and Mses. McCormack and Porcella.        
PEO Total Compensation Amount $ 15,511,342 $ 14,983,943 $ 12,523,354 $ 10,928,909 $ 10,034,690
PEO Actually Paid Compensation Amount $ 15,511,342 14,983,943 12,523,354 10,928,909 10,034,690
Adjustment To PEO Compensation, Footnote See “—Compensation “Actually Paid” to the CEO” for amounts deducted and added to the total compensation of the CEO to determine the amount of compensation “actually paid.”
Compensation “Actually Paid” to the CEO

The table below details the adjustments made to the totals in the Summary Compensation Table to calculate compensation “actually paid” to the CEO:

YearReported Summary Compensation Table Total ($)Reduced by Reported Value of Equity Awards ($)(a)Increased by Equity Award Adjustments ($)(b)(c)Compensation “Actually Paid” to CEO ($)(d)
202415,511,342 6,580,127 6,580,127 15,511,342 
202314,983,943 5,780,033 5,780,033 14,983,943 
202212,523,354 4,735,444 4,735,444 12,523,354 
202110,928,909 9,916,855 9,916,855 10,928,909 
202010,034,690 9,022,363 9,022,363 10,034,690 
       
Non-PEO NEO Average Total Compensation Amount $ 3,076,754 2,977,895 2,680,827 1,980,281 2,062,914
Non-PEO NEO Average Compensation Actually Paid Amount $ 4,709,543 4,628,808 2,509,977 2,237,640 1,587,399
Adjustment to Non-PEO NEO Compensation Footnote See “—Average Compensation “Actually Paid” to Other NEOs” for amounts deducted and added to the average compensation of the Named Executive Officers other than the CEO, to determine the average amount of compensation “actually paid.”
Average Compensation “Actually Paid” to Other NEOs

The table below details the adjustments made to the averages in the Summary Compensation Table to calculate average compensation “actually paid” to the other NEOs:
Year (a)Reported Summary Compensation Table Average ($)Reduced by Reported Average Value of Equity Awards ($)(b)Increased by Average Equity Award Adjustments ($)(c)Average Compensation “Actually Paid” to Other NEOs ($)(d)
20243,076,754 1,166,406 1,265,242 4,709,543 
20232,977,895 1,062,965 1,310,455 4,628,808 
20222,680,827 939,931 769,082 2,509,977 
20211,980,281 1,625,546 1,882,905 2,237,640 
20202,062,914 1,631,211 1,155,695 1,587,399 
       
Equity Valuation Assumption Difference, Footnote The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following:
(i)    the grant date fair value of equity awards in respect to the applicable performance year as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year;

(ii)    the amount of change in fair value of any equity awards granted in the applicable year (from the grant date) that are outstanding and unvested as of the end of the applicable year;

(iii)    the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards reported as granted in prior years that are outstanding and unvested as of the applicable year;

(iv)    for awards reported as granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year);

(v)    for awards reported as granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and

(vi)    the dollar value of any dividends or other earnings paid on equity awards in the applicable year that are not otherwise reflected in the fair value of such award of such award or included in any other component of total compensation for the applicable year.
The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following:
(i)    the grant date fair value of equity awards in respect to the applicable performance year as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year;

(ii)    the amount of change in fair value of any equity awards granted in the applicable year (from the grant date) that are outstanding and unvested as of the end of the applicable year;

(iii)    the amount of change in fair value as of the end of the applicable year (from the end of the prior fiscal year) of any awards reported as granted in prior years that are outstanding and unvested as of the applicable year;

(iv)    for awards reported as granted in prior years that vest in the applicable year, the amount equal to the change in fair value as of the vesting date (from the end of the prior fiscal year);

(v)    for awards reported as granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and

(vi)    the dollar value of any dividends or other earnings paid on equity awards in the applicable year that are not otherwise reflected in the fair value of such award of such award or included in any other component of total compensation for the applicable year.
       
Compensation Actually Paid vs. Total Shareholder Return Relationship Between Compensation “Actually Paid” and Ladder’s TSR
CAP vs TSR.jpg
       
Compensation Actually Paid vs. Net Income Relationship Between Compensation “Actually Paid,” Net Income and Distributable Earnings
CAP v. Net Income and DE.jpg
       
Compensation Actually Paid vs. Company Selected Measure Relationship Between Compensation “Actually Paid,” Net Income and Distributable Earnings
CAP v. Net Income and DE.jpg
       
Total Shareholder Return Vs Peer Group Relationship Between Ladder’s TSR and the Peer Group TSR
Company v. Peer TSR.jpg
       
Tabular List, Table
Tabular List of Important Financial Measures

Set forth below in alphabetical order are the most important financial measures used by the Company for the most recent fiscal year, 2024, to link compensation “actually paid” to the Company’s CEO and other NEOs to the Company’s performance.

Most Important Performance Measures
Shareholders’ Equity (1)
Distributable Earnings (2)(4)
Market Capitalization (1)
Pre-Tax Distributable ROAE (3)(4)
       
Total Shareholder Return Amount $ 86.8 83.4 70.2 76.1 59.4
Peer Group Total Shareholder Return Amount 78.2 80.1 69.2 91.0 79.6
Net Income (Loss) $ 107,447,000 $ 100,501,000 $ 165,305,000 $ 56,893,000 $ (9,458,000)
Company Selected Measure Amount 153,930,000 167,727,000 148,399,000 61,340,000 51,318,000
Additional 402(v) Disclosure
Pay vs. Performance

In accordance with the requirements of Item 402(v) of Regulation S-K, the following tables and graphs and accompanying footnotes and discussion provide information required by the SEC regarding executive compensation and measures of Company performance in the last five fiscal years. Except if expressly stated, the information presented below was not considered in structuring our executive compensation program for the years presented; the Compensation Discussion and Analysis set forth above describes the considerations utilized in the compensation program for our Named Executive Officers. The amount of compensation “actually paid” set forth in the initial table is calculated in the manner set forth in the regulation and in certain cases may not reflect amounts realized with respect to the covered compensation.

For the purposes of calculating the amount of compensation “actually paid” in the pay versus performance table and accompanying disclosures, equity awards granted to the Named Executive Officers have been treated as having been granted in the year in which the grant date fair value for such award was reported in the Summary Compensation Table. For the purpose of all calculations, performance-based stock awards are considered unvested at December 31 of their relevant year due to pending certification of the applicable year’s ROE. These shares vest upon and subject to such confirmation.
Cumulative annual total returns for the FTSE NAREIT Mortgage REIT Index. The Company changed its comparable REIT Index from the Bloomberg REIT Mortgage Index to the FTSE NAREIT Mortgage REIT Index, given the Bloomberg REIT Mortgage Index was discontinued in 2024. The Total Shareholder Return (“TSR”) for 2020 represents the one-year TSR, the TSR for 2021 represents the two-year TSR, the TSR for 2022 represents the three-year TSR, the TSR for 2023 represents the four-year TSR, and the TSR for 2024 represents the cumulative TSR for the entire five years covered in the table. Assumes reinvestment of dividends.The reported value of equity awards represents the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. No amounts were deducted or added in calculating the equity award adjustments for our CEO as these awards were vested at grant.The Company does not provide pension benefits, so no adjustments were made in respect of pensions.The reported value of equity awards represents the grant date fair value of equity awards as reported in the “Stock Awards” column of the Summary Compensation Table for each applicable year. The Company does not provide pension benefits, so no adjustments were made in respect of the same.
       
Measure:: 1          
Pay vs Performance Disclosure          
Name Shareholders’ Equity (1)        
Non-GAAP Measure Description This financial measure is not calculated in accordance with GAAP. For additional information concerning this non-GAAP financial measure, including a reconciliation to the most comparable GAAP financial measure, please see Annex A to this Proxy Statement. For a description of how shareholders’ equity and market capitalization are used to determine Annual Stock Awards for the CEO and other Named Executive Officers, see “Executive Compensation—Compensation Discussion and Analysis—Elements of Compensation—Long-Term Equity Compensation.”        
Measure:: 2          
Pay vs Performance Disclosure          
Name Distributable Earnings (2)(4)        
Non-GAAP Measure Description For a description of how distributable earnings is used to determine annual cash incentive compensation for the CEO and other Named Executive Officers, see “Executive Compensation—Compensation Discussion and Analysis—Elements of Compensation—Annual Cash Incentive Compensation.”This financial measure is not calculated in accordance with GAAP. For additional information concerning this non-GAAP financial measure, including a reconciliation to the most comparable GAAP financial measure, please see Annex A to this Proxy Statement.        
Measure:: 3          
Pay vs Performance Disclosure          
Name Market Capitalization (1)        
Non-GAAP Measure Description For a description of how pre-tax distributable ROAE is used to determine performance vesting for the Named Executive Officers other than the CEO, see “Executive Compensation—Compensation Discussion and Analysis—Executive Compensation Framework—Vesting.”        
Measure:: 4          
Pay vs Performance Disclosure          
Name Pre-Tax Distributable ROAE (3)(4)        
Non-GAAP Measure Description This financial measure is not calculated in accordance with GAAP. For additional information concerning this non-GAAP financial measure, including a reconciliation to the most comparable GAAP financial measure, please see Annex A to this Proxy Statement.        
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (6,580,127) $ (5,780,033) $ (4,735,444) $ (9,916,855) $ (9,022,363)
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 6,580,127 5,780,033 4,735,444 9,916,855 9,022,363
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,166,406) (1,062,965) (939,931) (1,625,546) (1,631,211)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 1,265,242 $ 1,310,455 $ 769,082 $ 1,882,905 $ 1,155,695