Investor Presentaiton

LADDER FINANCIAL SNAPSHOT ($ in millions, except per share amounts) LC LADDER CAPITAL Snapshot of Business Lines Total Assets & Liabilities, Book Equity, Leverage and ROE Balance Sheet Loans Net Leased Commercial Real Estate (100% Owned) Total Assets Carrying Value of Assets $2,811 Carrying Value of Assets $613 Cash & Cash Equivalents $758 Secured Financing on Assets Ⓐ 859 Undepreciated Book Value of Assets 773 Loans, Securities & Real Estate 4,727 Net Equity Invested (excl. Corporate Debt) 1,952 Secured Financing on Assets D 502 Accumulated Depreciation & Amortization (240) % First Mortgage 96% % Other (Mezzanine/Subordinate) 4% Net Equity Invested (excl. Corporate Debt) Total Square Feet 271 Other 5 170 5,187,011 Total Assets 5,416 Weighted-Average Coupon 5.6% Weighted-Average % Leased 100% Origination Volume (LTM) $1,495 In-Place Annual Net Operating Income (NOI) $49.7 Total Liabilities Funding Volume (LTM) 1,321 Accounting method: carried at depreciated book value Unsecured Corporate Bonds $1,630 Accounting method: carried at amortized cost Unsecured Revolving Credit Facility Total Unsecured Debt 1,630 Conduit Loans Carrying Value of Assets $38 Diversified Commercial Real Estate 2,3 Carrying Value of Assets Secured Financing A + B + C + D +E 2,135 $302 Total Debt 3,766 Secured Financing on Assets B Undepreciated Book Value of Assets 381 Other6 141 Net Equity Invested (excl. Corporate Debt) 38 Secured Financing on Assets E 221 Total Liabilities 3,906 Weighted-Average Coupon 3.9% Origination Volume (LTM) $127 Net Equity Invested (excl. Corporate Debt) Total Square Feet 160 2,327,271 Book Equity Value Loan Sale Volume (LTM) 121 Weighted-Average Occupancy* 87.6% GAAP Book Equity Value (excl. NCI in JVs) $1,503 Accounting method: carried at lower of cost or FMV In-Place Annual Net Operating Income (NOI) $21.2 Total Shares Outstanding (mm) 125.5 Weighted-Average % Owned by Ladder 84.0% GAAP Book Value per Share? $11.98 Accounting method: carried at depreciated book value Undepreciated Book Value per Share' $13.78 Securities Carrying Value of Assets $725 Secured Financing on Assets C 553 Net Equity Invested (excl. Corporate Debt) 172 % First Mortgage Secured 100% % AAA-Rated or Agency-Backed 86% % Investment Grade-Rated 99%+ Average CUSIP Size $7.0 2.2 Years Leverage Adjusted Debt (for Adjusted Leverage Ratio)' $3,208 Total GAAP Book Equity (incl. NCI in JVs) 1,510 Adjusted Leverage Ratio' 2.1x Return on Average Equity' Distributable Earnings (LTM) $39 Average Book Equity Value (LTM) After-Tax Distributable ROAE (LTM) 1,523 2.7% Weighted-Average Duration: Accounting method: carried at FMV Note: As of 09/30/2021 1. Pre-tax and pre-overhead allocation 2. All metrics shown on a consolidated basis, except weighted-average % owned by Ladder, which excludes the potential effects of partnership/joint venture promote/sharing arrangements 3. Excludes two unconsolidated joint venture investments with total book value of $26.1 million as of 09/30/2021 4. Excludes hotel assets 5. Includes restricted cash, investments in unconsolidated joint ventures, accrued interest receivable, allowance for loan losses and other assets 6. Includes derivative instruments, dividends payable, accrued expenses and other liabilities 7. For a description of these GAAP and non-GAAP financial measures, see Selected Definitions on page 31 22 21

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