Lument Finance Trust Inc Stock Price, News & Analysis

Lument Finance Trust (NYSE: LFT) has reported its Q4 and full-year 2024 financial results. The company achieved Q4 GAAP net income of $3.6 million ($0.07 per share) and full-year earnings of $17.9 million ($0.34 per share). Distributable earnings for Q4 were $5.4 million ($0.10 per share) and $23.2 million ($0.44 per share) for the full year.

The company declared a Q1 2025 cash dividend of $0.08 per common share, payable on April 15, 2025, to stockholders of record as of March 31, 2025. Additionally, a preferred stock dividend of $0.4921875 per share was declared for Series A holders, payable April 15, 2025.

In leadership changes, Greg D. Calvert will assume the role of President effective May 1, 2025, following James J. Henson's resignation. Calvert brings nearly 30 years of experience at Lument and currently serves as co-chair of the Investment Committee and Chief Credit Officer for Lument Real Estate Capital Holdings.

Lument Finance Trust (NYSE: LFT) has scheduled key dates for its year-end financial reporting. The company will file its Annual Report on Form 10-K for the year ended December 31, 2025, on Wednesday, March 19, 2025, after market close.

LFT will host a live conference call for investors on Thursday, March 20, 2025, at 8:30 a.m. eastern time. Participants can join via telephone (U.S.: 1-800-836-8184; International: 1-646-357-8785) or through a live webcast. A replay will be available through dial-in numbers (U.S.: 1-888-660-6345; International: 1-646-517-4150) using passcode 92435.

Lument closed over $198 million in balance sheet bridge financing in December 2024, supporting seven multifamily properties across six states. The financing package includes lease-up refinancing, acquisitions, and construction support for more than 1,500 units, with individual loans ranging from $6 million to $60 million.

Notable transactions include a $60 million lease-up refinance in Olympia, WA, and a $37 million refinance in Macon, GA. The company reports an additional $170 million in bridge loans under application, expected to close in early 2025.

Through Lument Investment Management, the company manages a $1.2 billion loan portfolio for Lument Finance Trust (NYSE: LFT), with 93.2% collateralized by multifamily assets as of September 30, 2024. Their bridge program offers interest-only, floating-rate loans from $10 million upward, with terms ranging from 6 to 36 months.

Lument Finance Trust (NYSE: LFT) has declared multiple dividend distributions. The company announced a regular quarterly cash dividend of $0.08 per common share for Q4 2024, along with a one-time special dividend of $0.09 per common share due to REIT tax considerations. Both dividends will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.

Additionally, LFT declared a dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, payable on January 15, 2025, to preferred stockholders of record as of January 2, 2025.

Lument Finance Trust (NYSE: LFT) reported its third quarter 2024 results with GAAP net income of $5.1 million, or $0.10 per share. The company's distributable earnings were $5.5 million, also equating to $0.10 per share. The results include adjustments for non-distributable earnings, including an unrealized loss on mortgage servicing rights of $46,017 and an unrealized provision for credit losses of $317,448. The company calculated these figures based on 52,283,669 weighted average shares outstanding.

Lument Finance Trust (NYSE: LFT) has announced its upcoming earnings release schedule. The company will file its Q3 2024 Quarterly Report on Form 10-Q on Tuesday, November 12, 2024, after market close. A live conference call will follow on Wednesday, November 13, 2024, at 8:30 a.m. eastern time. Investors can access the call via telephone at 1-800-836-8184 (U.S.) or 1-646-357-8785 (international), or through a live webcast. A recorded replay will be available afterward with passcode 01454.

Lument Finance Trust (NYSE: LFT) has declared quarterly cash dividends for both its common and preferred stock. Common stockholders will receive $0.08 per share for Q3 2024, payable on October 15, 2024, to shareholders of record as of September 30, 2024. Additionally, holders of the 7.875% Cumulative Redeemable Series A Preferred Stock will receive a dividend of $0.4921875 per share, also payable on October 15, 2024, to shareholders of record as of October 1, 2024. These dividend declarations demonstrate LFT's commitment to providing regular income to its investors.

Lument Finance Trust (NYSE: LFT) has reported its second quarter 2024 results. The company achieved a GAAP net income of $3.4 million, or $0.07 per share, attributable to common shareholders. Distributable earnings for the quarter were $4.8 million, or $0.09 per share. LFT will host a conference call on August 13, 2024, at 1:00 p.m. ET to discuss these results and provide a business update. The company also presented its non-GAAP financial measure, Distributable Earnings, which excludes certain non-cash items and one-time events. This measure is used to calculate the incentive fee payable to Lument Investment Management, , the company's manager.

Lument Finance Trust (NYSE: LFT) has announced its upcoming earnings release and investor call dates. The company plans to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, with the SEC on Monday, August 12, 2024, after market close. LFT will host a live conference call for investors on Tuesday, August 13, 2024, at 1:00 p.m. eastern time.

Interested parties can access the call by dialing 1-800-836-8184 (U.S.) or 1-646-357-8785 (international). A live webcast will also be available. For those unable to attend, a recorded replay will be accessible via telephone dial-in at 1-888-660-6345 (U.S.) or 1-646-517-4150 (international) with passcode 58233.