Exhibit 99.2

Estimated TotalShares Outstanding (mm)99.351107.495Estimated GAAPBook Value / Share$15.02$13.61Estimated UndepreciatedBook Value / Share$15.81$14.35# of Shares Owned (mm)1.0001.082% LADR Ownership1.0%1.0% (unchanged) Annual Cash Dividendsper Share Received ($)$1.10$1.10Aggregate Annual CashDividends Received ($)$1,100,000$1,190,176Illustrative Example: 1,000,000 Share Owner Post-Q4 2015 Distribution  Ladder Capital: Q4 2015 Distribution Overview  Pre-Q4 2015 Distribution  Estimated Book Value & Illustrative Stockholder Example  Q4 2015 Distributions per Share for Stockholders Electing Cash  (1) Reflects cash-electing stockholder receiving 20% of Q4 2015 distribution in cash and 80% in LADR shares (other than cash paid in lieu of fractional shares). Cash per share may increase based on actual stockholder elections (2) All book values are currently shown based on 09/30/2015 for illustrative purposes (3) Assumes new LADR shares are issued at 11/30/2015 closing price of $14.15 per share for illustrative purposes  (4) Based on projected $0.275 per quarter cash dividend per share  $1.45 Total Distribution per Share  (2)  (3)  (1)  Effective 8.2% Cash Dividend Increase $1,492$1,571GAAPBook ValueUndepreciatedBook Value$1,463$1,542GAAPBook ValueUndepreciatedBook Value (4) REIT Taxable Income Distribution:$0.55 E&P Distribution:$0.90 Cash Distributions:$0.29 Stock Distributions:$1.16  ($ in millions)  ($ in millions)  (1)