Lument Finance Trust, Inc. ( (LFT) ) has released its Q4 earnings. Here is a breakdown of the information Lument Finance Trust, Inc. presented to its investors.
Lument Finance Trust, Inc. is a Maryland-based corporation specializing in investing, financing, and managing a portfolio of commercial real estate debt investments, with a focus on transitional floating rate commercial mortgage loans primarily in the middle-market multi-family sector.
Lument Finance Trust recently reported its financial results for the fourth quarter and full year of 2024, alongside declaring quarterly dividends for both its common and preferred stock. The company highlighted a GAAP net income of $3.6 million for the fourth quarter and $17.9 million for the full year, translating to $0.07 and $0.34 per share respectively. Distributable earnings were higher, at $5.4 million for the quarter and $23.2 million for the year, indicating a per-share value of $0.10 and $0.44 respectively.
The company announced a cash dividend of $0.08 per share for common stockholders and $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, both payable in April 2025. Additionally, Lument Finance Trust appointed Greg D. Calvert as the new President, effective May 2025, following the resignation of James J. Henson.
Looking ahead, Lument Finance Trust is poised for continued growth under the leadership of Greg D. Calvert, who brings extensive experience in multifamily credit. The company remains committed to delivering value to its shareholders through strategic investments and consistent dividend payouts.