Lument Finance Trust (LFT) Q1 2025 Earnings Call May 13, 2025 08:30 AM ET Speaker0 Good morning, and thank you for joining the Lumet Finance Trust First Quarter twenty twenty five Earnings Call. Today's call is being recorded and will be made available via webcast on the company's website. I would now like to turn the call over to Andrew Tsong with Investor Relations at Lumen Investment Management. Please go ahead. Speaker1 Good morning, everyone. Thank you for joining our call to discuss Lumen Finance Trus ...

Lument Finance Trust 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 forward-looking statements by the use of words suc ...

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 forward-looking statements by the use of words such as "outlook," "indi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the quarterly period ended March 31, 2025 Commission File No. 001-35845 LUMENT FINANCE TRUST, INC. (Exact name of registrant as specified in its charter) OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ____________ FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of in ...

NEW YORK, May 12, 2025 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we", "LFT" or "the Company") today reported its first quarter results. GAAP net loss attributable to common shareholders for the first quarter was $1.7 million, or $0.03 per share of common stock. Distributable earnings for the first quarter were $4.0 million, or $0.08 per share of common stock. The Company has also issued a detailed presentation of its results, which can be viewed at www.lumentfinancetrust.com.Conference Call a ...

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Lument Finance Trust (LFT) Q4 2024 Earnings Call March 20, 2025 04:18 PM ET Company Participants Andrew Tsang - IR & Managing Director - Corporate DevelopmentJames Flynn - CEOJames Briggs - Chief Financial OfficerJames Henson - PresidentStephen Laws - Managing DirectorSteve Delaney - Director of MortgageChristopher Nolan - Senior VP - Equity Research Operator Good morning. Thank you for joining the Lumen Finance Trust Fourth Quarter twenty twenty four Earnings Call. Today's call is being recorded and will b ...

Lument Finance Trust, Inc. (NYSE:LFT) Q4 2024 Earnings Conference Call March 20, 2025 8:30 AM ET Company Participants Andrew Tsang - Investor Relations Jim Flynn - CEO Jim Briggs - CFO Jim Henson - President Zach Halpern - Managing Director of Portfolio Management Conference Call Participants Stephen Laws - Raymond James Steve Delaney - Citizens Bank Christopher Nolan - Ladenburg Thalmann Operator Good morning. Thank you for joining the Lument Finance Trust Fourth Quarter 2024 Earnings Call. Today's call is ...

分组1 - Lument Finance (LFT) reported quarterly earnings of $0.10 per share, matching the Zacks Consensus Estimate, and the same as the previous year [1] - The company posted revenues of $9.36 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 0.99%, but showing an increase from $9.09 million year-over-year [2] - Lument shares have increased approximately 6.6% since the beginning of the year, contrasting with a -4.5% decline in the S&P 500 [3] 分组2 - The earnings outlook for Lument is mixed, with the current consensus EPS estimate for the upcoming quarter at $0.09 on revenues of $9.19 million, and $0.38 on revenues of $37.77 million for the current fiscal year [7] - The Zacks Industry Rank for Financial - Miscellaneous Services is in the top 12% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]

Financial Performance - Q4 2024 GAAP net income attributable to common stockholders was $0.07 per share, while Distributable Earnings® were $0.10 per share[8]. - Net income for the year ended December 31, 2024, was reported at $22,649,100, with net income attributable to common stockholders at $17,909,100[44]. - The company declared dividends to preferred stockholders totaling $4,740,010, impacting the net income attributable to common stockholders[44]. - Distributable earnings for the three months ended June 30, 2024, were $4,822,392, translating to a distributable earnings per share of $0.09[49]. - Management and incentive fees for the year totaled $6,630,500, part of the total expenses of $13,508,000[44]. - The company reported a net interest income of $41,356,600 for the year, after accounting for interest expenses of $80,772,200[44]. Dividends - The Company declared a cumulative cash dividend of $0.40 per share for FY 2024, including a one-time special cash dividend of $0.09 per share[8]. Loan Portfolio - As of December 31, 2024, the Company's loan portfolio was valued at $1.0 billion, with 92.3% collateralized by multifamily assets[8][18]. - The Company funded $13.0 million of loan assets in Q4 2024 and experienced $143.6 million in loan payoffs during the same period[20]. - For FY 2024, the Company funded $58.4 million of loan assets and had $390.2 million in loan payoffs[21]. - The total unpaid principal balance of the CRE loan portfolio is $1,065,563,646 with an average spread of 3.58%[40]. - The largest individual loan is Loan 20 with an unpaid principal of $51,375,000 and a spread of 3.1696%[38]. - The portfolio includes 65 loans, primarily in the multifamily property type, indicating a focus on residential real estate[40]. - The average maturity date for the loans is between 2025 and 2028, suggesting a long-term investment strategy[40]. - Loan 31 has an unpaid principal of $20,360,000 with a spread of 4.0096%, indicating a competitive interest rate[38]. - The portfolio features loans across various states, including Texas, Florida, and California, highlighting geographic diversification[40]. - Loan 36, a healthcare property loan, has an unpaid principal of $6,100,000 with a spread of 4.5096%[39]. - Loan 62 has an unpaid principal of $13,191,852 with a spread of 4.00%, reflecting the company's strategy to secure favorable financing terms[40]. - The portfolio's loans are primarily concentrated in the multifamily sector, which may benefit from ongoing housing demand[40]. - The company is actively managing its loan portfolio to optimize returns while maintaining a focus on risk management[40]. Assets and Liabilities - As of December 31, 2024, total assets were $1.128 billion, and total liabilities were $890.7 million, resulting in total equity of $237.9 million[9]. - Total assets as of December 31, 2024, amounted to $1,128,594,378, with net commercial mortgage loans held-for-investment at $1,048,803,078 after allowance for credit losses of $11,320,220[42]. - Total liabilities as of December 31, 2024, were $890,695,346, with collateralized loan obligations netting $828,390,189[42]. - The Company's book value per share of common stock was $3.40 as of December 31, 2024[9]. - The book value per share of common stock as of December 31, 2024, was calculated at $3.40, with total stockholders' equity of $237,899,032[55]. - The Company’s corporate debt matures in 2026, with a total debt of $1.116 billion[28]. Risk Management - The weighted average risk rating of the portfolio was "3" (Moderate Risk) or better, with 90.8% of the portfolio performing[26]. - The allowance for credit losses increased to $11,320,220 by the end of the period, reflecting a provision for credit losses of $5,261,214 during the year[47]. - The weighted average number of shares of common stock outstanding was 52,274,900, contributing to the earnings per share calculation[44].