Welcome to our dedicated page for Lument Finance Trust SEC filings (Ticker: LFT), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Lument Finance Trust, Inc.'s SEC filings document the governance, capital structure and financing activity of a Maryland commercial real estate debt investor. Its records identify listed common stock and 7.875% Series A Cumulative Redeemable Preferred Stock, and include definitive proxy materials covering annual meeting procedures, director elections, shareholder voting matters and board oversight.
Recent 8-K filings report quarterly and annual results, supplemental financial information, dividend disclosures, material definitive agreements and portfolio-financing transactions. The filing record includes disclosures on commercial real estate collateralized loan obligations, repurchase financing for commercial mortgage loan debt, credit and guaranty agreement amendments, subsidiary-level arrangements and transactions involving affiliates of the company's external manager.
Hunt James Christopher reported acquisition or exercise transactions in this Form 4 filing.
Lument Finance Trust director James Christopher Hunt received a stock-based fee paid in company shares. On March 30, 2026, he was granted 10,528 shares of common stock at $1.306 per share as director fees paid in stock. Following this grant, his direct holdings increased to 687,756 common shares.
Lument Finance Trust director William A. Houlihan reported an open-market purchase of the company’s common stock. On 2026-03-27, he bought 5,000 shares at $1.30 per share. Following this transaction, his direct ownership increased to 260,732 common shares, signaling a modest expansion of his personal stake.
Lument Finance Trust director William A. Houlihan reported an open-market purchase of 15,000 shares of common stock at $1.29 per share. Following this transaction, he directly owns 255,732 shares, increasing his personal stake in the company.
Lument Finance Trust director Walter C. Keenan reported an indirect open-market purchase of 5,000 shares of preferred stock at $19.63 per share through his wife. Following this transaction, his indirect holdings in the preferred stock total 10,400 shares.
Lument Finance Trust director Walter C. Keenan reported trading the company’s preferred stock. On March 26, 2026, he executed three open‑market sales totaling 3,600 shares at prices between $19.42 and $19.70 per share, and one open‑market purchase of 1,500 shares at $19.50 per share, resulting in a net sale of 2,100 shares of preferred stock.
Lument Finance Trust, Inc. reported a GAAP net loss attributable to common shareholders of $8.9 million, or $(0.17) per share, for Q4 2025 and a full-year 2025 GAAP net loss of $7.5 million, or $(0.14) per share. Despite the GAAP loss, full-year Distributable Earnings were $7.6 million, or $0.14 per share, while Q4 showed a small distributable loss.
The board declared a $0.04 per-share common dividend for Q1 2026 and a $0.4921875 per-share dividend on its 7.875% Series A preferred, both payable April 15, 2026. For 2025, cumulative common dividends were $0.22 per share and preferred dividends were $1.96876 per share.
As of December 31, 2025, book value per share of common stock was $3.03 and the company’s $1.1 billion floating-rate commercial real estate loan portfolio was about 92.6% multifamily, with a weighted average spread of SOFR + 3.33% and a leverage ratio of 4.6x.
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.
Lument Finance Trust, Inc. amended its secured term loan Credit and Guaranty Agreement with Cortland Capital Market Services and existing lenders. A Fifth Amendment extended the maturity date of the secured term loans to February 20, 2026. A subsequent Sixth Amendment further revised key terms.
Under the Amended Credit and Guaranty Agreement, borrowings under the secured term loans now bear interest at a fixed rate of 9.75% per annum. The rate is scheduled to step up by 0.50% per annum for the first three months after February 20, 2029, with additional 0.50% step-ups every three months thereafter until maturity. The company agreed to pay lenders a customary fee for entering the Sixth Amendment and to reimburse certain lender expenses related to both amendments.
Lument Finance Trust director reports indirect common stock purchase. A person associated with director Walter C. Keenan reported an indirect acquisition of 25,000 shares of Lument Finance Trust, Inc. common stock on 12/30/2025 at a price of $1.4579 per share. After this transaction, a total of 197,116 common shares were reported as indirectly owned, with the nature of ownership described as "by wife." The filing is made as a single‑person report and does not include any derivative securities activity.
Lument Finance Trust director reported open-market purchases of common stock, increasing their direct ownership stake. On 12/18/2025, the director bought 795 shares of Lument Finance Trust common stock at a price of $1.50 per share. On 12/19/2025, they bought an additional 9,205 shares at $1.49 per share. Following these transactions, the director directly beneficially owned 172,116 shares of Lument Finance Trust common stock.