Lument Finance Trust, Inc. LFT
References herein to "Lument Finance Trust," "Company," "LFT," "we," "us," or "our" refer to Lument Finance Trust, Inc., a Maryland corporation, and its subsidiaries unless the context specifically requires otherwise.
We are a REIT focused on investing in, originating, financing and managing a portfolio of commercial real estate ("CRE") debt investments. We primarily invest in or originate transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. We may also invest in other CRE-related investments including mezzanine loans, preferred equity, commercial mortgage-backed securities ("CMBS"), fixed rate loans, construction loans and other CRE debt instruments.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| SG&A | $3.9M | $4.4M | $3.6M | $3.5M | $2.9M | $3.5M | $4.3M | $4.0M | $5.5M | $5.9M |
| Interest expense | $25.1M | $41.4M | $34.4M | $23.9M | $20.7M | $18.4M | $15.4M | $17.4M | $20.1M | $1.9M |
| Pre-tax income | -$2.7M | $22.7M | $19.7M | $9.9M | $10.6M | $8.9M | $6.3M | -$3.9M | $4.7M | -$10.4M |
| Income tax | $8.2K | $18.8K | $5.7K | $11.1K | $77.9K | $476.2K | $43.5K | $1.5M | $0 | $0 |
| Net income | -$2.7M | $22.6M | $19.7M | $9.9M | $10.5M | $8.4M | $6.2M | -$5.5M | $4.7M | -$10.4M |
| EPS, basic | -0.14 | 0.34 | 0.29 | 0.11 | 0.30 | 0.34 | — | — | — | — |
| EPS, diluted | -0.14 | 0.34 | 0.29 | 0.11 | 0.30 | 0.34 | 0.11 | -0.38 | 0.06 | -0.95 |
| Shares, diluted (wtd. avg.) | 52.3M | 52.3M | 52.2M | 48.3M | 24.9M | 24.9M | 23.7M | 23.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $23.1M | $69.2M | $51.5M | $47.4M | $18.3M | $69.4M | $16.0M | $59.2M | $45.6M | $37.9M |
| Total assets | $1.22B | $1.13B | $1.45B | $1.13B | $1.05B | $621.5M | $657.9M | $679.4M | $2.61B | $2.30B |
| Total liabilities | $996.9M | $890.7M | $1.21B | $885.0M | $879.5M | $507.8M | $549.3M | $529.1M | $2.47B | $2.16B |
| Retained earnings | $67.3M | $70.0M | $47.4M | $31.3M | $21.4M | $10.9M | $2.4M | -$3.8M | $1.6M | -$3.1M |
| Total equity | $219.0M | $237.8M | $240.8M | $243.0M | $169.4M | $113.7M | $108.6M | $150.2M | $145.8M | $142.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $10.1M | $27.1M | $24.7M | $16.3M | $13.8M | $12.2M | $7.3M | $12.3M | $4.2M | $2.3M |
| Stock-based compensation | $190.0K | $147.4K | $0 | $241.0K | $200.6K | $205.3K | $194.0K | $252.9K | $205.6K | $197.5K |
| Investing cash flow | -$142.9M | $334.1M | -$316.7M | -$51.8M | -$477.3M | $87.9M | -$42.3M | $1.02B | -$430.6M | -$219.1M |
| Financing cash flow | $87.9M | -$341.2M | $296.1M | $64.6M | $412.3M | -$46.8M | -$8.2M | -$1.02B | $434.1M | $218.2M |
| Dividends paid | $18.3M | $15.7M | $13.1M | $11.6M | $10.0M | $7.6M | $6.6M | $5.2M | $11.9M | $29.9M |
| Buybacks | — | — | — | — | — | — | — | — | $0 | $283.6K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001547546-26-000005.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$10.4M | $4.7M | -$5.5M | $6.2M | $8.4M | $10.5M | $9.9M | $19.7M | $22.6M | -$2.7M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Delisting notice The exchange has told the company it no longer meets the rules for staying listed - usually price, market cap, or filings that are late. Item 3.01
- Regulation FD disclosure Item 7.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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