An announcement from Lument Finance Trust ( (LFT) ) is now available.
On March 19, 2024, Lument Finance Trust announced its financial results for the fourth quarter and full year 2024, reporting a GAAP net income of $3.6 million for the fourth quarter and $17.9 million for the full year. The company declared a cash dividend of $0.08 per share for common stock and $0.4921875 per share for preferred stock, payable in April 2025. Additionally, the Board appointed Greg D. Calvert as the new President, effective May 1, 2025, following the resignation of James J. Henson. These announcements reflect LFT’s ongoing commitment to shareholder returns and leadership transition, potentially impacting its strategic direction and market positioning.
More about Lument Finance Trust
Lument Finance Trust, Inc. is a Maryland corporation that focuses on investing in, financing, and managing a portfolio of commercial real estate debt investments. The company primarily invests in transitional floating rate commercial mortgage loans, with a particular emphasis on middle-market multi-family assets. LFT is externally managed and advised by Lument Investment Management, LLC.
YTD Price Performance: 7.00%
Average Trading Volume: 105,229
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $143.8M
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