Earnings summaries and quarterly performance for Lument Finance Trust.
Executive leadership at Lument Finance Trust.
Board of directors at Lument Finance Trust.
Research analysts who have asked questions during Lument Finance Trust earnings calls.
SD
Steven Delaney
Citizens JMP Capital
4 questions for LFT
Also covers: ABR, ACRE, ARI +12 more
Stephen Laws
Raymond James
3 questions for LFT
Also covers: ABR, ACR, AJX +16 more
BC
Bradley Capuzzi
Piper Sandler
2 questions for LFT
Also covers: LC, MITT, RWT +1 more
JW
Jason Weaver
Unaffiliated Analyst
2 questions for LFT
Also covers: AGNC, ARR, BRSP +15 more
Recent press releases and 8-K filings for LFT.
Lument Finance Trust Closes Commercial Real Estate CLO
LFT
Debt Issuance
New Projects/Investments
- Lument Finance Trust (LFT) closed LMNT 2025-FL3, a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE CLO) on December 10, 2025.
- The CLO provides LFT with term financing on a non-mark-to-market, non-recourse basis, having placed approximately $585.0 million of investment grade securities with institutional investors.
- LMNT 2025-FL3 features a 30-month reinvestment period, an 88.1% advance rate, and a weighted average interest rate at issuance of Term SOFR plus 1.91%.
- The initial collateral pool comprises 32 first lien floating rate mortgage loans secured by 49 multifamily and commercial real estate properties across the United States, with a weighted average collateral spread of approximately 321 basis points over one-month SOFR.
Dec 10, 2025, 10:00 PM
Lument Finance Trust Prices $664 Million Commercial Real Estate CLO
LFT
Debt Issuance
New Projects/Investments
- Lument Finance Trust (LFT) announced the pricing of LMNT 2025-FL3, a $663.8 million managed Commercial Real Estate Collateralized Loan Obligation (CRE-CLO).
- This new CRE-CLO is expected to place approximately $585.0 million of investment grade securities with institutional investors, providing term financing on a non-mark-to-market, non-recourse basis.
- Key terms for LMNT 2025-FL3 include an 88.1% advance rate, a 30-month reinvestment period, and a weighted average interest rate at issuance of Term SOFR plus 1.91%.
- The closing of LMNT 2025-FL3 is anticipated on or around December 10, 2025.
- Concurrently, LFT redeemed its LFT 2021-FL1 CRE-CLO on November 18, 2025, which had $436.4 million of investment grade securities outstanding.
Nov 21, 2025, 10:00 PM
LFT Announces Q3 2025 Financial Results
LFT
Earnings
Dividends
Debt Issuance
- LFT reported Q3 2025 GAAP net income attributable to common stockholders of $0.01 per share and Distributable Earnings of $0.02 per share. The company also declared a cash dividend of $0.04 per share of common stock for the quarter.
- As of September 30, 2025, the Book Value Per Share of Common Stock was $3.25.
- The company's loan investment portfolio was valued at $822 million as of September 30, 2025, with 89.6% collateralized by multifamily assets. During the quarter, LFT experienced $48.8 million in loan payoffs.
- LFT maintained a leverage ratio of 3.2x as of September 30, 2025, down from 3.3x quarter-over-quarter, and held $56.0 million in cash and cash equivalents. Additionally, on November 3, 2025, the company entered into an uncommitted master repurchase agreement for up to $450 million to finance first mortgage loans.
Nov 13, 2025, 1:30 PM
Lument Finance Trust Reports Q3 2025 Financial Results and Strategic Financing Initiatives
LFT
Earnings
Debt Issuance
Dividends
- Lument Finance Trust (LFT) reported GAAP net income of $0.01 per share and distributable earnings of $0.02 per share for Q3 2025, declaring a quarterly dividend of $0.04 per common share in September.
- Net interest income for Q3 2025 was $5.1 million, a decline from $7 million in Q2, primarily due to a reduced average outstanding unpaid principal balance (UPB) of the loan portfolio and the use of loan repayments to reduce secured financings.
- The company entered into a new repurchase agreement with J.P. Morgan providing up to $450 million in aggregate advances and intends to redeem the notes and preferred shares of its 2021 CRECLO later in November to reposition its portfolio and enable new financing opportunities.
- As of September 30, 2025, LFT's total loan portfolio had an aggregate UPB of approximately $840 million, with seven loans risk-rated 5 totaling $86.4 million, which represents 10% of the UPB.
Nov 13, 2025, 1:30 PM
Lument Finance Trust Reports Third Quarter 2025 Results
LFT
Earnings
Dividends
New Projects/Investments
- Lument Finance Trust reported GAAP net income attributable to common shareholders of $0.7 million, or $0.01 per share, and Distributable Earnings of $1.0 million, or $0.02 per share, for the third quarter of 2025.
- The company declared a cash dividend of $0.04 per share of common stock for the quarter, and its Book Value Per Share of Common Stock was $3.25 as of September 30, 2025.
- As of September 30, 2025, LFT's loan investment portfolio had a carrying value of $822 million, with 89.6% collateralized by multifamily assets. The portfolio's weighted average risk rating was 3.6, and 89.7% of the loan portfolio was performing.
- The company's leverage ratio declined quarter-over-quarter from 3.3x to 3.2x, and it held cash and cash equivalents of $56.0 million as of September 30, 2025.
Nov 12, 2025, 10:19 PM
Lument Finance Trust Reports Third Quarter 2025 Results
LFT
Earnings
- Lument Finance Trust announced its third quarter 2025 financial results on November 12, 2025.
- For Q3 2025, the company reported GAAP net income attributable to common shareholders and Distributable Earnings, with per-share figures also provided (see table below for details).
- Distributable Earnings is a non-GAAP measure that the company defines as GAAP net income (loss) attributable to common shareholders, adjusted for items such as non-cash equity compensation, depreciation and amortization, and unrealized gains or losses. The company believes this measure provides meaningful information as it has historically been a strong indicator of dividends per share.
| Metric | Q3 2025 |
|---|---|
| GAAP Net Income attributable to common shareholders ($USD) | $658,597 |
| GAAP Net Income per share ($USD) | $0.01 |
| Distributable Earnings ($USD) | $995,520 |
| Distributable Earnings per share ($USD) | $0.02 |
Nov 12, 2025, 10:00 PM
Lument Finance Trust, Inc. Enters Master Repurchase Agreement
LFT
Debt Issuance
New Projects/Investments
- Lument Finance Trust, Inc. (LFT) reported entering into an Uncommitted Master Repurchase Agreement dated November 3, 2025, with JPMorgan Chase Bank, National Association as the Buyer and LCMT Warehouse, LLC as the Seller.
- The agreement includes financial covenants for LFT as the Guarantor, requiring it to maintain unencumbered liquidity of at least the greater of $15,000,000 or 5% of Recourse Indebtedness.
- LFT must also maintain a Tangible Net Worth of at least $172,467,326 plus 75% of aggregate net cash proceeds from equity issuances after September 30, 2025.
- Additional financial covenants include a maximum ratio of Adjusted Total Indebtedness to Adjusted Total Equity of 2.50 to 1.00 and, starting from the calendar quarter ending June 30, 2026, a minimum ratio of Adjusted EBITDA to Interest Expense of 1.40 to 1.00.
Nov 7, 2025, 9:49 PM
Quarterly earnings call transcripts for Lument Finance Trust.
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