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. (NYSE: LFT) is a Maryland real estate investment trust focused on investing in, financing and managing a portfolio of commercial real estate debt investments. The company primarily targets transitional floating rate commercial mortgage loans with an emphasis on middle-market multifamily assets, and its news flow reflects this specialized focus within commercial real estate finance.
On this page, readers can review news items that Lument Finance Trust has released through press announcements and SEC-related disclosures. These updates include quarterly earnings releases that discuss GAAP net income attributable to common shareholders and non-GAAP distributable earnings, along with explanations of how distributable earnings are calculated and used as a supplemental performance metric.
LFT’s news also covers dividend declarations for its common stock and 7.875% Cumulative Redeemable Series A Preferred Stock, specifying per-share amounts, record dates and payment dates. In addition, the company issues announcements regarding capital markets and financing transactions, such as the pricing and closing of commercial real estate collateralized loan obligations (CRE CLOs) backed by first lien floating rate mortgage loans and participations secured by multifamily and commercial real estate properties across the United States.
Other updates describe credit facilities and repurchase agreements entered into by LFT’s subsidiaries to finance first mortgage loans, controlling loan participations and commercial real estate owned properties. Investors can also find notices of upcoming earnings release dates and investor conference calls, including dial-in and webcast access details. Together, these news items provide an ongoing view of Lument Finance Trust’s commercial real estate debt portfolio, financing structures and dividend activity.
Lument Finance Trust (NYSE: LFT) will file its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, with the SEC on March 15, 2022. Additionally, the company invites stakeholders to a live conference call on March 16, 2022, at 8:30 AM ET, accessible via phone or webcast. LFT specializes in investing in commercial real estate debt, primarily focusing on transitional floating rate mortgage loans. For further details, visit their official website.
Lument Finance Trust (LFT) announced the completion of its transferable rights offering, raising approximately $83.5 million. The offering allowed holders to purchase one share at $3.06 per share, with a total of 27,277,269 shares subscribed for. The proceeds will be utilized for acquiring or originating commercial real estate mortgage loans in line with the company's investment strategy and general corporate purposes. The offering expired on February 11, 2022, with shares issued on February 22, 2022.
Lument Finance Trust (NYSE: LFT) announced the preliminary results of its transferable rights offering that ran from January 18, 2022, to February 11, 2022. The rights offering allowed rights holders to subscribe for up to 37,421,825 shares at a final price of $3.06 per share. Subscriptions totaled 27,278,217 shares, generating expected gross proceeds of approximately $83.5 million. However, final figures may vary due to potential unfulfilled subscriptions. Confirmations of shares will be mailed by February 25, 2022.
Lument Finance Trust (NYSE: LFT) has released preliminary unaudited financial results for Q4 and the full year of 2021. Net income for Q4 is estimated between $2.2 million and $2.7 million, with Distributable Earnings ranging from $2.5 million to $3.0 million. For the full year, net income is expected to be between $7.2 million and $7.7 million, while Distributable Earnings are estimated at $9.5 million to $10 million. The company's book value was around $109 million as of year-end 2021. Notably, LFT maintained a 100% collection rate on interest payments without loan defaults during the pandemic.
Lument Finance Trust, Inc. (NYSE: LFT) announced a transferable rights offering to purchase up to 37,421,825 shares of its common stock. This initiative aims to raise equity for growth and operational scale, with an investment of up to $40 million anticipated from an affiliate. Record date shareholders on January 18, 2022 will receive rights starting January 19, 2022, with the offering closing on February 11, 2022. The price will be set at 92.5% of the average stock price preceding expiration.
Lument Finance Trust (LFT) has declared a cash dividend of $0.09 per share for its common stock, payable on January 18, 2022, to shareholders of record as of December 31, 2021. Additionally, a dividend of $0.4921875 per share for the 7.875% Cumulative Redeemable Series A Preferred Stock is also announced, payable on the same date to preferred stockholders of record as of January 3, 2022. LFT primarily invests in transitional floating rate commercial mortgage loans, focusing on middle-market multi-family assets.
Lument Finance Trust, Inc. (LFT) reported its third-quarter 2021 results with a net income of $1.2 million, equating to $0.05 per share. Distributable earnings stood at $1.4 million, or $0.06 per share. The company emphasizes its focus on transitional floating rate commercial mortgage loans, mainly in middle-market multi-family assets. A conference call to discuss these results is scheduled for November 10, 2021, at 10:00 AM ET. Detailed financial measures, including a reconciliation of GAAP and non-GAAP earnings, were also presented.
Lument Finance Trust (NYSE: LFT) has announced the filing date for its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, set for November 9, 2021. The company invites stakeholders to join a live conference call on November 10, 2021, at 10:00 a.m. ET. This call can be accessed by dialing the provided numbers or via a live webcast. LFT focuses on investing in, financing, and managing commercial real estate debt investments, primarily targeting transitional floating rate commercial mortgage loans in the middle-market multi-family sector.
Lument Finance Trust (NYSE: LFT) has declared a cash dividend of $0.09 per share for the third quarter of 2021, payable on October 15, 2021, to stockholders on record by September 30, 2021. Additionally, a cash dividend of $0.4921875 per share will be paid to holders of the 7.875% Cumulative Redeemable Series A Preferred Stock, also on October 15, 2021, with a record date of October 1, 2021. This reinforces LFT's ongoing commitment to returning income to shareholders.
Lument Finance Trust (NYSE: LFT) reported second quarter 2021 results with a GAAP net income of $955 thousand, equating to $0.04 per share. Distributable earnings amounted to $2.79 million, or $0.11 per share. The company plans to host a conference call on August 10, 2021 at 8:30 AM ET to discuss these results. It is important to note that the company presents non-GAAP financial measures, specifically distributable earnings, which should be evaluated with caution as they differ from GAAP calculations.