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 (LFT) reported its Q1 2022 financial results with a GAAP net income of $1.8 million or $0.05 per share. Distributable earnings were $1.7 million, also $0.05 per share, highlighting stability in earnings amid market conditions. A conference call to discuss these results is scheduled for May 10, 2022, at 8:30 AM ET. LFT continues to focus on investments in commercial real estate debt, primarily transitional floating rate loans.
Lument Finance Trust (LFT) will file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022, with the SEC on May 9, 2022. Investors are invited to join a conference call on May 10, 2022, at 8:30 AM ET to discuss the report. To access the call, dial 1-888-336-7151 (US) or 1-412-902-4251 (International). A recorded replay will be available on LFT's website shortly after the event. LFT is focused on investing in transitional commercial mortgage loans, particularly in the multi-family sector.
Lument Finance Trust (NYSE: LFT) reported its Q4 and full-year 2021 results, revealing a net income of $2.5 million for Q4 and $7.4 million for the full year, translating to $0.10 and $0.30 per share respectively. Distributable earnings were $2.6 million in Q4 and $9.7 million for the year. The Company declared a cash dividend of $0.06 per common share, payable on April 15, 2022. Additionally, LFT significantly increased its commercial real estate investment portfolio by 83% to $1 billion and achieved a dividend coverage ratio of 108% for the year.
Lument Finance Trust (NYSE: LFT) will file its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, with the SEC on March 15, 2022. Additionally, the company invites stakeholders to a live conference call on March 16, 2022, at 8:30 AM ET, accessible via phone or webcast. LFT specializes in investing in commercial real estate debt, primarily focusing on transitional floating rate mortgage loans. For further details, visit their official website.
Lument Finance Trust (LFT) announced the completion of its transferable rights offering, raising approximately $83.5 million. The offering allowed holders to purchase one share at $3.06 per share, with a total of 27,277,269 shares subscribed for. The proceeds will be utilized for acquiring or originating commercial real estate mortgage loans in line with the company's investment strategy and general corporate purposes. The offering expired on February 11, 2022, with shares issued on February 22, 2022.
Lument Finance Trust (NYSE: LFT) announced the preliminary results of its transferable rights offering that ran from January 18, 2022, to February 11, 2022. The rights offering allowed rights holders to subscribe for up to 37,421,825 shares at a final price of $3.06 per share. Subscriptions totaled 27,278,217 shares, generating expected gross proceeds of approximately $83.5 million. However, final figures may vary due to potential unfulfilled subscriptions. Confirmations of shares will be mailed by February 25, 2022.
Lument Finance Trust (NYSE: LFT) has released preliminary unaudited financial results for Q4 and the full year of 2021. Net income for Q4 is estimated between $2.2 million and $2.7 million, with Distributable Earnings ranging from $2.5 million to $3.0 million. For the full year, net income is expected to be between $7.2 million and $7.7 million, while Distributable Earnings are estimated at $9.5 million to $10 million. The company's book value was around $109 million as of year-end 2021. Notably, LFT maintained a 100% collection rate on interest payments without loan defaults during the pandemic.
Lument Finance Trust, Inc. (NYSE: LFT) announced a transferable rights offering to purchase up to 37,421,825 shares of its common stock. This initiative aims to raise equity for growth and operational scale, with an investment of up to $40 million anticipated from an affiliate. Record date shareholders on January 18, 2022 will receive rights starting January 19, 2022, with the offering closing on February 11, 2022. The price will be set at 92.5% of the average stock price preceding expiration.
Lument Finance Trust (LFT) has declared a cash dividend of $0.09 per share for its common stock, payable on January 18, 2022, to shareholders of record as of December 31, 2021. Additionally, a dividend of $0.4921875 per share for the 7.875% Cumulative Redeemable Series A Preferred Stock is also announced, payable on the same date to preferred stockholders of record as of January 3, 2022. LFT primarily invests in transitional floating rate commercial mortgage loans, focusing on middle-market multi-family assets.
Lument Finance Trust, Inc. (LFT) reported its third-quarter 2021 results with a net income of $1.2 million, equating to $0.05 per share. Distributable earnings stood at $1.4 million, or $0.06 per share. The company emphasizes its focus on transitional floating rate commercial mortgage loans, mainly in middle-market multi-family assets. A conference call to discuss these results is scheduled for November 10, 2021, at 10:00 AM ET. Detailed financial measures, including a reconciliation of GAAP and non-GAAP earnings, were also presented.
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