Lument Finance Trust Inc
NYSE:LFT

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Lument Finance Trust Inc Logo
Lument Finance Trust Inc
NYSE:LFT
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Price: 1.28 USD -1.54% Market Closed
Market Cap: $67m

Lument Finance Trust Inc
Investor Relations

Lument Finance Trust, Inc. operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of commercial real estate (CRE) debt investments. The company is headquartered in New York City, New York and currently employs 0 full-time employees. The company went IPO on 2013-03-22. The firm is focused on investing in, financing and managing a portfolio of commercial real estate (CRE) debt investments. The company primarily invests in transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. The firm also invest in other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans and other CRE debt instruments. The company provides investment capital and asset management services to clients in the corporate, real estate and municipal finance sectors through subsidiaries of ORIX Corporation USA (ORIX USA). The firm is externally managed by OREC Investment Management, LLC. The firm finance its investments in transitional multifamily and other CRE loans primarily through match term non-recourse CRE collateralized loan obligations (CLOs).

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 24, 2026
AI Summary
Q4 2025

Results: GAAP net loss of $0.17 per share in Q4 2025 and $0.14 per share for fiscal 2025; distributable earnings of approximately $0 for Q4 and $0.14 for the year.

Dividend: Quarterly dividend of $0.04 declared for Q4 2025 and declared unchanged at $0.04 for Q1 2026; cumulative declared dividends for 2025 were $0.22 per share.

Portfolio activity: Closed the $664 million FL3 CLO in December (88% effective advance rate) and deployed roughly $400 million of loan assets; recorded $104 million of payoffs during Q4.

Credit actions: Recorded an $8.6 million provision for credit losses in Q4 and increased specific allowance to $17.6 million; 8 loans are risk-rated 5 with a UPB of approximately $117 million.

Liquidity & capital: Unrestricted cash of approximately $23 million at year-end, total book equity of approximately $219 million, and book value of common stock of $3.03 per share.

Outlook / strategy: Management is focused on active asset management, resolving legacy REO, disciplined deployment into performing loans, and cautious, selective growth given uneven CRE recovery.

Key Financials
Net loss per share
$0.17
Net loss per share (fiscal year)
$0.14
Distributable earnings per share (Q4)
$0
Distributable earnings per share (fiscal year)
$0.14
Quarterly dividend
$0.04
Cumulative declared dividends (2025)
$0.22
Net interest income (Q4)
$5.3 million
Weighted average coupon of loan portfolio
717 basis points
Provision for credit losses (Q4)
$8.6 million
Realized loss on sale of REO (P&L detail)
$200,000
Depreciation on REO
$296,000
Specific allowance for credit losses
$17.6 million
General allowance for credit losses
$5.0 million
Unrestricted cash
$23 million
Total book equity
$219 million
Book value of common stock
$159 million
Book value per common share
$3.03
Loan portfolio unpaid principal balance
$1.1 billion
Number of loans in portfolio
61
Weighted average floating spread (portfolio)
333 basis points over SOFR
Weighted average remaining term
approximately 21 months
Percent of portfolio collateralized by multifamily
93%
Percent of portfolio indexed to 1-month SOFR
100%
Percent of loans risk rated 3 or better
83%
Risk-rated 5 loans UPB
$117 million
Nonaccruals UPB (Q&A)
$102 million
FL3 CLO transaction size
$664 million
FL3 effective advance rate
88%
FL3 weighted average cost of funds
approximately 191 basis points over SOFR
FL3 weighted average collateral spread
approximately 321 basis points over 1-month SOFR
Loan acquisitions / deployments (Q4)
$400 million
Loan payoffs (Q4)
$104 million
REO sale price (San Antonio property)
$8.2 million
Loss recognized on that REO sale (Greg Calvert comment)
$500,000
Secured corporate term loan interest rate (amended)
9.75%
Earnings Call Recording
Other Earnings Calls

Management

Mr. James Peter Flynn J.D.
CEO & Chairman of the Board
No Bio Available
Mr. James Joseph Henson
President
No Bio Available
Brendan Gover
Vice President of Investor Relations
No Bio Available
Mr. Zachary Lee Halpern
Managing Director
No Bio Available
Ms. Stephanie G. Culpepper
Secretary
No Bio Available
Mr. Kian Fui Chong
Senior Vice President of Hunt Investment Management, LLC
No Bio Available

Contacts

Address
NEW YORK
New York City
230 Park Avenue, 23Rd Floor
Contacts
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