Ladder Capital Corp
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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value
Company profile

Ladder Capital Corp is a commercial real estate finance company. The Company's segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Corporate/other segment includes the Company's investments in joint ventures, other asset management activities and operating expenses. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.

Closing Price
$7.50
Day's Change
0.10 (1.35%)
Bid
--
Ask
--
B/A Size
--
Day's High
7.58
Day's Low
7.29
Volume
(Heavy Day)
Volume:
1,591,881

10-day average volume:
934,402
1,591,881

UPDATE: Gilead coronavirus drug use expanded to include moderate cases

5:10 pm ET August 28, 2020 (MarketWatch)
Print

Wallace Witkowski

Gilead Sciences Inc. (GILD) said late Friday it received emergency U.S. approval for treatment for COVID-19 patients with a moderate form of the disease.

Gilead said the Food and Drug Administration expanded it emergency use of the antiviral drug Veklury, also known as remdesivir, to treat moderate cases of COVID-19 in hospitals, instead of just severe cases.

The expansion is based on data from a late-stage clinical trial (https://www.marketwatch.com/story/gileads-remdesivir-may-benefit-moderately-ill-covid-19-patients-but-findings-uncertain-2020-08-25) that showed that COVID-19 patients given Veklury along with standard treatment were 65% more likely to show an improvement than patients given standard treatment alone, Gilead said.

Shares of Gilead were up 0.8% after hours, following a 0.4% decline in the regular session to close at $65.26. Gilead shares are up 0.4% for the year, compared with an 8.6% gain in the S&P 500 index .

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 28, 2020 17:10 ET (21:10 GMT)

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