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) has announced the filing date for its Quarterly Report on Form 10-Q for the quarter ended September 30, 2021, set for November 9, 2021. The company invites stakeholders to join a live conference call on November 10, 2021, at 10:00 a.m. ET. This call can be accessed by dialing the provided numbers or via a live webcast. LFT focuses on investing in, financing, and managing commercial real estate debt investments, primarily targeting transitional floating rate commercial mortgage loans in the middle-market multi-family sector.
Lument Finance Trust (NYSE: LFT) has declared a cash dividend of $0.09 per share for the third quarter of 2021, payable on October 15, 2021, to stockholders on record by September 30, 2021. Additionally, a cash dividend of $0.4921875 per share will be paid to holders of the 7.875% Cumulative Redeemable Series A Preferred Stock, also on October 15, 2021, with a record date of October 1, 2021. This reinforces LFT's ongoing commitment to returning income to shareholders.
Lument Finance Trust (NYSE: LFT) reported second quarter 2021 results with a GAAP net income of $955 thousand, equating to $0.04 per share. Distributable earnings amounted to $2.79 million, or $0.11 per share. The company plans to host a conference call on August 10, 2021 at 8:30 AM ET to discuss these results. It is important to note that the company presents non-GAAP financial measures, specifically distributable earnings, which should be evaluated with caution as they differ from GAAP calculations.
Lument Finance Trust, Inc. (NYSE: LFT) has announced that it will file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021, with the SEC on August 9, 2021. A live conference call for investors is scheduled for August 10, 2021, at 8:30 a.m. ET, accessible via telephone or webcast. The Company primarily focuses on investing in transitional floating rate commercial mortgage loans, particularly in the middle-market multi-family sector. Additional investor information is available on the Company's website.
Lument Finance Trust (LFT) has declared a cash dividend of $0.09 per share for its common stock, payable on July 15, 2021, to stockholders recorded as of June 30, 2021. Additionally, a dividend of $0.3828125 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock is set for the same payment date, with record date July 1, 2021.
LFT focuses on commercial real estate debt investments, particularly in transitional floating rate commercial mortgage loans.
Lument Finance Trust, Inc. (NYSE: LFT) announced the successful closing of LMNT 2021-FL1, a $1 billion commercial real estate collateralized loan obligation (CLO). The issuance includes approximately $834 million of investment-grade rated notes and a retained interest of about $166 million. The CLO allows a 30-month reinvestment period to acquire additional commercial mortgage loans. CEO James Flynn stated this marks a significant milestone for LFT, facilitating swift deployment of proceeds from a recent preferred equity offering and supporting the company’s growth strategy.
Lument Finance Trust (LFT) reported its Q1 2021 results, achieving a GAAP net income of $2.80 million, or $0.11 per share, with distributable earnings also at $2.84 million or $0.11 per share. The company will host a conference call on May 11, 2021, to discuss results further. LFT focuses on investing in commercial real estate debt, particularly transitional floating rate loans aimed at middle-market multi-family assets. Investors can access detailed financial information through the company’s website.
Lument Finance Trust, Inc. (NYSE: LFT) has confirmed it will file its Quarterly Report on Form 10-Q for the period ending March 31, 2021, on May 10, 2021. A live conference call is scheduled for May 11, 2021, at 8:30 a.m. Eastern Time, where investors can dial in or access the webcast for updates. LFT specializes in commercial real estate debt investments, focusing on transitional floating rate commercial mortgage loans, particularly in middle-market multi-family assets. This announcement follows the company's name change effective December 28, 2020.
Lument Finance Trust, Inc. (NYSE: LFT) has successfully closed its underwritten public offering of 2.4 million shares of 7.875% Series A Cumulative Redeemable Preferred Stock at $25 per share, raising approximately $58.1 million in net proceeds. The funds are earmarked for investments in target assets aligned with its investment strategy and general corporate purposes. Trading for the Series A Preferred Stock is set to begin on May 10, 2021, under the symbol 'LFTPrA'.
Lument Finance Trust, Inc. (NYSE: LFT) has priced a public offering of 2,400,000 shares of its 7.875% Series A Cumulative Redeemable Preferred Stock at $25.00 per share, generating net proceeds of approximately $58.1 million. The offering is set to close on May 5, 2021, pending customary conditions. The funds will be utilized for investments in target assets and general corporate purposes. LFT plans to list the Series A Preferred Stock under the ticker symbol 'LFTPrA' on the NYSE.
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