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

Mastercard Study Shows COVID-19 a Catalyst for Digital B2B Payments Adoption

8:00 am ET August 25, 2020 (BusinessWire) Print

As COVID-19 continues to stress small businesses financially and operationally, small business owners across North America are turning to digital services to improve cash flow and modernize their payments ecosystems. Citing speed, security and transparency, more than half (57%) of small businesses say they've increased their use of digital services for business-to-business (B2B) payments since the start of the pandemic.

According to a new small business study by Mastercard, over one third (38%) of small business owners in the U.S. and Canada say they're experiencing cash flow issues associated with late payments and slow processing times for cash and checks. While the challenges of traditional, physical payments existed before the pandemic, these pain points were magnified by widespread lockdowns and social distancing measures. Now, nearly half (48%) of small business owners say their business is one missed payment away from going under.

To address these challenges, nearly two-thirds (64%) of small businesses say they are actively trying to steer clients away from using cash and checks. Findings from the new Mastercard study show:

Shift to digital business payments: With the majority of small businesses citing speed and security (91%) and transparency (87%) as top priorities, 82% say they've changed how their business sends and receives payments with 51% transitioning their clients to digital methods. Online card payments saw the greatest increase at 60%, while the use of cash (34%) and checks (24%) decreased more than any other payment types during the pandemic. Digital payoff: Over two-thirds (67%) of small business owners agree that one upside to the pandemic is that it prompted them to upgrade their digital/e-pay solutions, which 81% say has improved customer satisfaction levels. Digital is the new normal: Positive sentiment, increased customer satisfaction and continued exploration suggest small businesses plan to stick with digital business payments, even as the pandemic subsides. 70% say they are willing to invest in the technology required to advance their payment systems and 73% say digital payments are the new normal for their business going forward.

"The pandemic has made it painfully clear how labor intensive current business payment processes are, especially for small and medium-sized businesses," said Ron Shultz, executive vice president, New Payments Business, North America at Mastercard. "With cash flow more critical than ever, we're seeing an accelerated shift to digital B2B payments as businesses of all sizes look to safeguard their operations today and prepare for the future."

While the new Mastercard study focused on changing behaviours of small business owners, the trend towards digital business payments is being observed across all business types, including large organizations.

"IDC research shows that consumers have reduced their use of physical currency to half of what it was before the pandemic, as they increasingly look towards contactless forms of commerce, whether e-commerce, local delivery, and/or 'buy online and pickup in-store' (BOPIS)," said Nigel Wallis, IDC research vice president. "At the same time, the business world is jumping into the Next Normal by embracing digital payments and e-commerce in their existing B2B workflows, as well as expanding into direct to consumer (D2C) channels. In IDC's view, these aren't temporary changes, this is the evolution of business going forward."

A paradigm shift in the B2B payments landscape

Mastercard has been leading the charge to modernize the business payment ecosystem, culminating in the launch of Mastercard Track Business Payment Service (BPS) earlier this year. The open-loop network modernizes business payments and provides choice of payment types between suppliers and buyers. The service gives businesses a way to maintain control, better manage cash flow and be more operationally efficient, while also connecting businesses across the globe, regardless of currency or payment type, to drive efficiencies across the business payment ecosystem.

Now, as businesses seek to improve cash flow by digitizing payments traditionally dominated by manual processes, Mastercard survey data shows a majority (77%) of small business have adopted a digital service such as payment collection (50%) and electronic invoicing (26%) to modernize business payments. Expressing a desire to consolidate digital service providers, one in two small business owners say they would ideally manage payment-related services through their bank.

Supporting Small Businesses

Mastercard remains committed to identifying and addressing the needs of small businesses as they continue to adapt to new ways of operating and evolving customer requirements. This survey further reinforces Mastercard's ongoing work to deliver on the unique needs of small business owners, including access to day-to-day business management tools and solutions available to the millions of Mastercard small business cardholders through programs such as Mastercard Digital Doors(TM). The program provides the everyday tools needed to help close the digital divide and support this community to digitally transform and adopt effective cyber-security safeguards. In Canada, Mastercard has also partnered with Digital Main Street to give small businesses the tools to succeed online.

Survey Methodology

Online interviews of 1000 small business owners in the United States and Canada 500 respondents per country in the U.S. and Canada Small businesses with fewer than 100 employees and annual revenue between $50 thousand to $1 million were surveyed Research conducted July 13 to 17, 2020

About Mastercard (NYSE: MA), www.mastercard.com

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200825005299/en/

SOURCE: Mastercard Investor Relations">

Mastercard Media Contact: 
Sandra Benjamin,
Vice President, Communications
Sandra.Benjamin@mastercard.com 
416.365.5567
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