Lument Finance Trust Reports 2024 Results and Declares Quarterly Dividends for Its Common and Preferred Stock

Core Points - Lument Finance Trust, Inc. reported its fourth quarter and full year 2024 results, with GAAP net income attributable to common shareholders of $3.6 million for Q4 and$17.9 million for the full year, translating to $0.07 and$0.34 per share respectively [1] - Distributable earnings for Q4 were $5.4 million, or$0.10 per share, while for the full year, they were $23.2 million, or$0.44 per share [1] - The company declared a cash dividend of $0.08 per share for Q1 2025, payable on April 15, 2025 [2] - A cash dividend of$0.4921875 per share for the 7.875% Cumulative Redeemable Series A Preferred Stock was also announced, payable on April 15, 2025 [3] - Greg D. Calvert has been appointed as President of the company effective May 1, 2025, following the resignation of James J. Henson [4][5] Financial Performance - The reconciliation of GAAP to non-GAAP information shows that net income attributable to common shareholders for Q4 was $3.6 million, with distributable earnings of$5.4 million [13] - For the full year, net income was $17.9 million, with distributable earnings totaling$23.2 million [13] - The adjustments for non-distributable earnings included unrealized provisions for credit losses and other adjustments, leading to a subtotal for distributable earnings [13] Company Overview - Lument Finance Trust, Inc. is focused on investing in, financing, and managing a portfolio of commercial real estate debt investments, primarily in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets [14]