Lument Finance Trust(US:LFT) Prnewswireยท2025-05-12 20:45Core Points - Lument Finance Trust, Inc. reported a GAAP net loss of $1.7 million, or $0.03 per share, for the first quarter of 2025 [1] - The company reported distributable earnings of $4.0 million, or $0.08 per share, for the same period [1] - A conference call is scheduled for May 13, 2025, to discuss the financial results and provide a business update [2] Financial Performance - The reconciliation of GAAP to non-GAAP information shows a net income attributable to common shareholders of $(1,707,526) for the three months ended March 31, 2025 [10] - Adjustments included unrealized losses on mortgage servicing rights of $22,518 and unrealized provisions for credit losses of $5,697,661, leading to distributable earnings of $4,021,203 [10] - The weighted average shares outstanding were 52,309,887, resulting in distributable earnings per share of $0.08 [10] Company Overview - Lument Finance Trust is focused on investing in, financing, and managing a portfolio of commercial real estate debt investments, primarily in transitional floating rate commercial mortgage loans [11] - The company emphasizes middle-market multi-family assets and is externally managed by Lument Investment Management LLC [11]