This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these securities or any other securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About LFT LFT is a Maryland corporation focused on investing in, and financing and managing, a portfolio of commercial real estate debt investments. The Co ...

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Financial Data and Key Metrics Changes - For Q3 2025, the company reported a GAAP net income of approximately $700,000 or $0.01 per share, and distributable earnings of approximately $1 million or $0.02 per share [11][4] - Net interest income for Q3 was $5.1 million, down from $7 million in Q2, primarily due to a decline in the average outstanding unpaid principal balance (UPB) of the portfolio and the reversal of certain accrued interest [12][11] - Total operating expenses decreased slightly to $3.1 million in Q3 from $3.2 million in Q2, mainly due to lower fees paid to the manager [12] Business Line Data and Key Metrics Changes - The loan portfolio consisted of 51 floating-rate loans with an aggregate UPB of approximately $840 million, with a weighted average floating rate of SOFR plus 355 basis points [17] - The weighted average risk rating remained flat at 3.5, with 46% of loans rated 3 or better, down from 63% in the previous quarter [17][18] Market Data and Key Metrics Changes - The multifamily sector showed stable fundamentals with modest rent growth and strong occupancy rates, supported by a slowdown in new supply [6] - Year-to-date issuance in the CRECLO market exceeded $25 billion, indicating healthy liquidity and investor confidence [6] Company Strategy and Development Direction - The company aims to redeploy capital into its core lending strategy focused on middle-market multifamily properties, emphasizing active asset management and resolving legacy positions efficiently [10] - The recent financing agreement with J.P. Morgan provides up to $450 million in aggregate advances, enhancing the company's flexibility to manage capital and pursue new financing opportunities [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in having a good handle on the portfolio and identified known issues, with no expectation of further downgrades unless market conditions change [23] - The company remains focused on asset management and cash preservation while looking to add new assets as market conditions stabilize [24] Other Important Information - The company recorded a provision for credit losses of approximately $900,000 and charged off $200,000 against the allowance for an asset that went REO in Q3 [13] - The total equity at the end of the quarter was approximately $230 million, with a total book value of common stock at approximately $170 million or $3.25 per share [15] Q&A Session Summary Question: Have the bulk of the issues in the portfolio been identified? - Management feels confident in their understanding of the portfolio and believes they have identified all known issues, with no expectation of further downgrades unless market conditions change [23] Question: What is the focus for portfolio growth in the coming quarters? - The company plans to focus on asset management while also looking to add new assets, supported by the new financing [24] Question: What is the timing for expectations for REO sales? - REO sales timing is asset-specific, with potential for quick disposals or longer-term holds depending on the asset's condition and management improvements [25][26] Question: Is there any change in the relationship with ORC USA? - There is no change in the relationship, and the acquisition of Hilco is not expected to create any material conflict with LFT's business [31] Question: How does the value increase of REO affect shareholders? - Any increase in value after foreclosure would benefit the shareholders of LFT, as the company owns the REO [32] Question: Can the new financing with J.P. Morgan be used to retire existing debt? - The J.P. Morgan line provides flexibility and liquidity that can indirectly support the retirement of existing debt, but not directly [43]

Lument Finance Trust November 2025 Q3 2025 Earnings Supplemental Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the current views of Lument Finance Trust, Inc. (NYSE: LFT) ("LFT," the "Company," "we," "our," or "us") with respect to, among other things, the Company's operations and financial performance. You can identify these forwar ...

Exhibit 99.2 November 2025 Lument Finance Trust Q3 2025 Earnings Supplemental Disclaimer This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 2TE of the Securities Exchange Act of 1934, as amended, which reflect the current views of Lument Finance Trust, Inc. (NYSE: LFT) ("LFT," the "Company," "we," "our," or "us") with respect to, among other things, the Company's operations and financial performance. You can identify ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ____________ Commission File No. 001-35845 LUMENT FINANCE TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 45-4966519 (State or ...

Accessibility StatementSkip Navigation NEW YORK, Nov. 12, 2025 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we", "LFT" or "the Company") today reported its third quarter results. GAAP net income attributable to common shareholders for the third quarter was $0.7 million, or $0.01 per share of common stock. Distributable earnings for the third quarter were $1.0 million, or $0.02 per share of common stock. The Company has also issued a detailed presentation of its results, which can be viewed at ...

Group 1 - The article emphasizes a long-only investment strategy that evaluates companies from an operational and buy-and-hold perspective, focusing on long-term earnings power and competitive dynamics rather than market-driven price actions [1] - Quipus Capital's approach suggests that most investment calls will be holds, indicating a cautious stance in a bullish market, with only a small fraction of companies deemed suitable for buying at any given time [1] - The hold articles are intended to provide valuable information for future investors and introduce a healthy skepticism towards the prevailing market optimism [1] Group 2 - The article does not disclose any stock, option, or derivative positions in the companies mentioned, nor does it plan to initiate any such positions in the near future [2] - The opinions expressed in the article are solely those of the author and are not influenced by any business relationships with the companies discussed [2] - Seeking Alpha clarifies that past performance does not guarantee future results and that the views expressed may not reflect the overall stance of the platform [3]

Financial Data and Key Metrics Changes - For Q2 2025, the company reported net income to common stockholders of approximately $2.5 million or $0.05 per share, and distributable earnings of approximately $2.8 million or $0.05 per share [12] - Q2 net interest income was $7 million, a decline from $7.7 million recorded in Q1 [12] - Total operating expenses increased to $3.2 million in Q2 from $2.6 million in Q1 [13] - The company's total equity at the end of the quarter was approximately $231 million, with a total book value of common stock at approximately $171 million or $3.27 per share, decreasing from $3.29 per share as of March 31 [18] Business Line Data and Key Metrics Changes - The company experienced $63 million in loan payoffs and advanced new loan financings of $3.6 million during Q2 [19] - The total loan exposure in the portfolio consisted of 56 floating rate loans with an aggregate unpaid principal balance of approximately $924 million [19] - The weighted average risk rating remained flat at 3.5, with approximately 63% of the loans rated three or better compared to 60% in the prior quarter [19] Market Data and Key Metrics Changes - The multifamily sector conditions are broadly stable, with modest to flat rent growth and a rebound in national occupancy as new supply slows [7] - The CRE CLO market saw over $17 billion in new issuances in 2025 compared to approximately $6.5 billion in 2024, indicating improving liquidity and investor appetite [8] Company Strategy and Development Direction - The company focuses on maximizing value for shareholders through positive asset management outcomes and a portfolio refinancing plan [10] - The core investment strategy remains unchanged, leveraging the managers' origination and asset management platforms as a competitive advantage [10] Management Comments on Operating Environment and Future Outlook - The US economic environment is mixed but generally stable, with moderating inflation and potential for healthier commercial real estate capital flows [6][7] - The company maintains a conservative liquidity posture, holding a significant balance of unrestricted cash to manage challenged credits [9] Other Important Information - The company recognized approximately $400,000 of exit fees during Q2 compared to approximately $750,000 in the prior quarter [12] - Specific credit reserves were set to $7.6 million as of June 30, a decrease of $3.5 million versus the prior quarter [15] Q&A Session Summary - There were no questions during the Q&A session [23]

Financial Performance - The company reported GAAP net income attributable to common stockholders of $005 per share for Q2 2025[9] - Distributable Earnings for Q2 2025 were also $005 per share of common stock[9] - A cash dividend of $006 per share of common stock was declared for the quarter[9] - Book Value Per Share of Common Stock was $327 as of June 30, 2025[9] Portfolio Composition and Activity - As of June 30, 2025, the company's loan portfolio totaled $924 million[9] - Approximately 906% of the loan portfolio was collateralized by multifamily assets[9] - The company experienced $634 million in loan payoffs and $36 million in loan fundings during the quarter[9] - The carrying value of the floating-rate CRE loan portfolio was $905 million as of June 30, 2025[20] Capital Structure - The company held $594 million in cash and cash equivalents as of June 30, 2025[9] - The company's leverage ratio decreased from 36x to 33x quarter-over-quarter[9] - Secured financings comprised 718% of the capital structure[32]