Here are the 10-K annual reports from Lument Finance Trust, Inc. (LFT) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow LFT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LFT filings page.
Lument Finance Trust, Inc. is a Maryland REIT focused on transitional, floating-rate commercial real estate loans, primarily middle‑market multifamily, externally managed by Lument Investment Management, a subsidiary of ORIX USA. As of December 31, 2025, its loan portfolio comprised 61 senior secured floating‑rate loans with unpaid principal of $1.14 billion, a weighted average coupon of 7.2% and 1.7 years remaining term, with 92.7% backed by multifamily properties.
The company also held three multifamily REO properties with carrying value of $49.1 million and mortgage servicing rights on $54.6 million of unpaid principal. Financing totaled $996.6 million against capacity of $1.30 billion, including a new $663.8 million managed CLO providing $585.0 million of non‑mark‑to‑market funding. LFT uses leverage through CLOs, repurchase agreements and term facilities and highlights risks from interest‑rate volatility, credit performance, regulatory change, competition and maintaining REIT qualification.