Welcome to our dedicated page for Lument Finance Trust news (Ticker: LFT), a resource for investors and traders seeking the latest updates and insights on Lument Finance Trust stock.
Lument Finance Trust, Inc. (NYSE: LFT) is a dynamic real estate investment trust (REIT) focused on investing, financing, and managing a diversified portfolio of commercial real estate debt investments. Headquartered in New York, the company emphasizes the acquisition of transitional floating-rate commercial real estate mortgage loans, mezzanine loans, preferred equity, fixed-rate loans, construction loans, commercial mortgage-backed securities (CMBS), and other commercial real estate (CRE) debt instruments.
Primarily targeting middle-market multi-family assets, Lument Finance Trust, Inc. has positioned itself as a significant player in commercial real estate financing. The company's core business strategy revolves around investing in transitional properties that require capital for repositioning or rehabilitation, thereby adding value and generating returns for investors. Their portfolio is designed to adapt to various market conditions, providing a robust and flexible approach to real estate investment.
Lument Finance Trust, Inc. operates under the guidance of Lument Investment Management, a Delaware limited liability company responsible for external management and advisory services. This partnership ensures strategic oversight and expert management of LFT's diverse investment portfolio, leveraging extensive industry experience and market insights.
Recently, Lument Finance Trust has reported significant milestones. In the second quarter of 2023, the company achieved distributable earnings of $1.9 million or $0.04 per share of common stock. This was followed by third-quarter results showcasing distributable earnings of $6.0 million or $0.11 per share, reflecting the company's consistent performance and ability to generate steady income. The first quarter of 2024 continued this positive trend, with distributable earnings reaching $7.6 million or $0.15 per share.
To keep investors and stakeholders updated, the company regularly publishes its financial results and hosts live conference calls. These events provide insights into the company's performance, strategic initiatives, and future outlook.
Lument Finance Trust, Inc. is committed to maintaining transparency and providing accessible information through its website and SEC filings. Investors can explore detailed financial reports and presentations, ensuring they are well-informed about the company's operations and prospects.
As a REIT, LFT is required to distribute at least 90% of its taxable income annually to shareholders, making dividends a crucial aspect of its investment appeal. The company believes that distributable earnings are a meaningful metric for assessing its performance and dividend potential, offering a reliable indicator for current and future investors.
For further details and updates, visitors can access additional information on the company's website or reach out to the investor relations team at Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169.
Lument Finance Trust (NYSE: LFT) reported its third quarter 2024 results with GAAP net income of $5.1 million, or $0.10 per share. The company's distributable earnings were $5.5 million, also equating to $0.10 per share. The results include adjustments for non-distributable earnings, including an unrealized loss on mortgage servicing rights of $46,017 and an unrealized provision for credit losses of $317,448. The company calculated these figures based on 52,283,669 weighted average shares outstanding.
Lument Finance Trust (NYSE: LFT) has announced its upcoming earnings release schedule. The company will file its Q3 2024 Quarterly Report on Form 10-Q on Tuesday, November 12, 2024, after market close. A live conference call will follow on Wednesday, November 13, 2024, at 8:30 a.m. eastern time. Investors can access the call via telephone at 1-800-836-8184 (U.S.) or 1-646-357-8785 (international), or through a live webcast. A recorded replay will be available afterward with passcode 01454.
Lument Finance Trust (NYSE: LFT) has declared quarterly cash dividends for both its common and preferred stock. Common stockholders will receive $0.08 per share for Q3 2024, payable on October 15, 2024, to shareholders of record as of September 30, 2024. Additionally, holders of the 7.875% Cumulative Redeemable Series A Preferred Stock will receive a dividend of $0.4921875 per share, also payable on October 15, 2024, to shareholders of record as of October 1, 2024. These dividend declarations demonstrate LFT's commitment to providing regular income to its investors.
Lument Finance Trust (NYSE: LFT) has reported its second quarter 2024 results. The company achieved a GAAP net income of $3.4 million, or $0.07 per share, attributable to common shareholders. Distributable earnings for the quarter were $4.8 million, or $0.09 per share. LFT will host a conference call on August 13, 2024, at 1:00 p.m. ET to discuss these results and provide a business update. The company also presented its non-GAAP financial measure, Distributable Earnings, which excludes certain non-cash items and one-time events. This measure is used to calculate the incentive fee payable to Lument Investment Management, , the company's manager.
Lument Finance Trust (NYSE: LFT) has announced its upcoming earnings release and investor call dates. The company plans to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024, with the SEC on Monday, August 12, 2024, after market close. LFT will host a live conference call for investors on Tuesday, August 13, 2024, at 1:00 p.m. eastern time.
Interested parties can access the call by dialing 1-800-836-8184 (U.S.) or 1-646-357-8785 (international). A live webcast will also be available. For those unable to attend, a recorded replay will be accessible via telephone dial-in at 1-888-660-6345 (U.S.) or 1-646-517-4150 (international) with passcode 58233.
Lument Finance Trust (NYSE: LFT) announced a 14% increase in its quarterly cash dividend for common stock, raising it to $0.08 per share for Q2 2024 from $0.07 in Q1 2024. The dividend will be paid on July 15, 2024, to shareholders of record by June 28, 2024.
The company also declared a cash dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, payable on July 15, 2024, to preferred shareholders of record by July 1, 2024.
Lument Finance Trust, Inc. (LFT) reported first quarter results with distributable earnings of $7.6 million and GAAP net income of $5.8 million. The company will host a conference call on May 10, 2024, to discuss financial results. Non-GAAP financial measures were presented to aid investors in analyzing results, with Distributable Earnings highlighted as a key metric.
Lument Finance Trust, Inc. (NYSE: LFT) announced its upcoming Quarterly Report on Form 10-Q filing for the quarter ending March 31, 2024, on May 9, 2024, after market close. The live investor call is scheduled for May 10, 2024, at 8:30 a.m. Eastern time.
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