Welcome to our dedicated page for Lument Finance Trust news (Ticker: LFT), a resource for investors and traders seeking the latest updates and insights on Lument Finance Trust stock.
Lument Finance Trust, Inc. reports developments tied to a commercial real estate debt portfolio focused primarily on transitional floating-rate commercial mortgage loans, with an emphasis on middle-market multifamily assets. The company is externally managed and advised by Lument Investment Management, LLC, and its updates commonly address quarterly results, distributable earnings, credit-loss treatment, portfolio financing and business presentations.
Recurring company announcements also cover cash dividends on common stock and 7.875% Cumulative Redeemable Series A Preferred Stock, commercial real estate CLO transactions, mortgage-asset financing arrangements and earnings-call timing. News about LFT is centered on real estate credit performance, leverage structures and capital returns for its listed common and preferred securities.
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.
Lument Finance Trust (NYSE: LFT) announced a 14% increase in its quarterly cash dividend for common stock, raising it to $0.08 per share for Q2 2024 from $0.07 in Q1 2024. The dividend will be paid on July 15, 2024, to shareholders of record by June 28, 2024.
The company also declared a cash dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, payable on July 15, 2024, to preferred shareholders of record by July 1, 2024.
Lument Finance Trust, Inc. (LFT) reported first quarter results with distributable earnings of $7.6 million and GAAP net income of $5.8 million. The company will host a conference call on May 10, 2024, to discuss financial results. Non-GAAP financial measures were presented to aid investors in analyzing results, with Distributable Earnings highlighted as a key metric.
Lument Finance Trust, Inc. (NYSE: LFT) announced its upcoming Quarterly Report on Form 10-Q filing for the quarter ending March 31, 2024, on May 9, 2024, after market close. The live investor call is scheduled for May 10, 2024, at 8:30 a.m. Eastern time.
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