Lument Finance Trust Inc Stock Price, News & Analysis

Lument Finance Trust (LFT) has declared a cash dividend of $0.09 per share for its common stock, payable on July 15, 2021, to stockholders recorded as of June 30, 2021. Additionally, a dividend of $0.3828125 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock is set for the same payment date, with record date July 1, 2021.

LFT focuses on commercial real estate debt investments, particularly in transitional floating rate commercial mortgage loans.

Lument Finance Trust, Inc. (NYSE: LFT) announced the successful closing of LMNT 2021-FL1, a $1 billion commercial real estate collateralized loan obligation (CLO). The issuance includes approximately $834 million of investment-grade rated notes and a retained interest of about $166 million. The CLO allows a 30-month reinvestment period to acquire additional commercial mortgage loans. CEO James Flynn stated this marks a significant milestone for LFT, facilitating swift deployment of proceeds from a recent preferred equity offering and supporting the company’s growth strategy.

Lument Finance Trust (LFT) reported its Q1 2021 results, achieving a GAAP net income of $2.80 million, or $0.11 per share, with distributable earnings also at $2.84 million or $0.11 per share. The company will host a conference call on May 11, 2021, to discuss results further. LFT focuses on investing in commercial real estate debt, particularly transitional floating rate loans aimed at middle-market multi-family assets. Investors can access detailed financial information through the company’s website.

Lument Finance Trust, Inc. (NYSE: LFT) has confirmed it will file its Quarterly Report on Form 10-Q for the period ending March 31, 2021, on May 10, 2021. A live conference call is scheduled for May 11, 2021, at 8:30 a.m. Eastern Time, where investors can dial in or access the webcast for updates. LFT specializes in commercial real estate debt investments, focusing on transitional floating rate commercial mortgage loans, particularly in middle-market multi-family assets. This announcement follows the company's name change effective December 28, 2020.

Lument Finance Trust, Inc. (NYSE: LFT) has successfully closed its underwritten public offering of 2.4 million shares of 7.875% Series A Cumulative Redeemable Preferred Stock at $25 per share, raising approximately $58.1 million in net proceeds. The funds are earmarked for investments in target assets aligned with its investment strategy and general corporate purposes. Trading for the Series A Preferred Stock is set to begin on May 10, 2021, under the symbol 'LFTPrA'.

Lument Finance Trust, Inc. (NYSE: LFT) has priced a public offering of 2,400,000 shares of its 7.875% Series A Cumulative Redeemable Preferred Stock at $25.00 per share, generating net proceeds of approximately $58.1 million. The offering is set to close on May 5, 2021, pending customary conditions. The funds will be utilized for investments in target assets and general corporate purposes. LFT plans to list the Series A Preferred Stock under the ticker symbol 'LFTPrA' on the NYSE.

Lument Finance Trust, Inc. (LFT) announced a public offering of its Series A Cumulative Redeemable Preferred Stock at a liquidation preference of $25.00 per share. The company plans to grant underwriters a 30-day option to purchase an additional 15% of the offering. Proceeds will be utilized for investments in target assets aligned with its strategy and general corporate purposes. A registration statement has been submitted to the SEC but is not yet effective. The Series A Preferred Stock will be listed under the ticker symbol LFTPrA.

Lument Finance Trust, Inc. (LFT) reported fourth quarter 2020 net income of $2.5 million ($0.10 per share) and full-year net income of $8.4 million ($0.34 per share). The company declared a $0.090 cash dividend per share for Q1 2021, payable April 15, 2021. Full-year distributable earnings rose 29% to $9.8 million compared to $7.6 million in 2019. Notably, LFT achieved an industry-leading total shareholder return of 13% despite pandemic challenges and has not faced any loan defaults since the pandemic began.

Lument Finance Trust, Inc. (LFT) is set to file its Annual Report on Form 10-K for the fiscal year ending December 31, 2020, with the SEC on March 15, 2021. Investors can participate in a conference call on March 16, 2021, at 8:30 a.m. ET, accessible via telephone or webcast. LFT, which focuses on commercial real estate debt investments, particularly transitional floating rate commercial mortgage loans, recently changed its name from Hunt Companies Finance Trust, effective December 28, 2020.