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, 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.