Lument Finance Trust(US:LFT)2025-05-13 11:11Financial Performance - The Company reported a GAAP net loss attributable to common stockholders of $0.03 per share for Q1 2025[9] - Distributable Earnings for Q1 2025 were $0.08 per share of common stock[9] - A cash dividend of $0.08 per share of common stock was declared for the quarter[9] - Book Value Per Share of Common Stock was $3.29 as of March 31, 2025[9] Portfolio Composition and Activity - As of March 31, 2025, 91.7% of the $1 billion loan portfolio was collateralized by multifamily assets[9] - The loan portfolio had a weighted average remaining initial term of 5 months and a weighted average note rate of SOFR + 3.55%[9] - The Company experienced $54.7 million of loan payoffs during the quarter, with 100% of those payoffs in multifamily properties[9, 22, 25] Capital Structure and Financing - As of March 31, 2025, the Company held $63.5 million in cash and cash equivalents, and the leverage ratio declined to 3.6x[9] - Secured financings include $489.6 million of investment grade notes issued through 2021-FL1 CLO and $284.8 million of investment grade notes issued through LMF 2023-1[9, 12] - The capital structure is composed of 73.5% secured financing, 16.3% common equity, 5.7% preferred equity, and 4.5% term loan[31] Portfolio Credit Quality - As of March 31, 2025, 89.3% of the Company's portfolio was performing, with 59.9% of the portfolio rated "3" (Moderate Risk) or better[29] - The portfolio weighted average risk rating was 3.5[9, 29]