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Lument Finance Trust (LFT)
NYSE:LFT
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Earnings Data
Report Date
Mar 24, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.09Last Year’s EPS
$0.1Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: 12.24%
|Next Earnings Date:Mar 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted stable portfolio performance and positive resolution of a previously distressed asset, along with consistent dividend payments. However, challenges remain due to the presence of 5-rated loans, reinvestment limitations, and macroeconomic uncertainties.Company Guidance
During the Lument Finance Trust (LFT) third-quarter 2024 earnings call, the company provided several key financial metrics and strategic insights. The company reported a GAAP net income and distributable earnings of $0.10 per share, with a declared dividend of $0.08 per common share. LFT experienced $51 million in loan payoffs and acquired two new loans totaling $45 million, resulting in a portfolio consisting of 75 floating-rate loans with an aggregate unpaid principal balance of approximately $1.2 billion. The portfolio's weighted average risk rating remained stable at 3.6, with no additions to the 5 risk rating category. LFT's total operating expenses decreased to $2.9 million from $3.5 million in the previous quarter, largely due to lower incentive fees. The company ended the quarter with a total equity of approximately $243 million and a book value of common stock at $3.50 per share. Looking forward, LFT aims to leverage its manager's origination pipeline and explore refinancing opportunities to enhance shareholder value and maintain a stable dividend.Positive Resolution of 5-Rated Loan
Achieved a positive resolution on a $20.3 million loan collateralized by multifamily properties in Augusta, Georgia, which was previously in monetary default.
Stable Portfolio Performance
Portfolio held steady with a weighted average risk rating of 3.6 and no new loans added to the 5 risk rating category.
Dividend Consistency
Declared a dividend of $0.08 per common share for the third quarter, in line with the prior quarter.
Strong Multifamily Market Fundamentals
Continued confidence in the multifamily market with stability in asset cap rates and an increase in property acquisition activity.
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LFT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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LFT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $2.45 | $2.38 | -2.86% |
| Aug 12, 2024 | $2.47 | $2.36 | -4.45% |
| May 09, 2024 | $2.10 | $2.22 | +5.71% |
| Mar 15, 2024 | $2.02 | $2.01 | -0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lument Finance Trust (LFT) report earnings?
Lument Finance Trust (LFT) is schdueled to report earning on Mar 24, 2025, TBA Not Confirmed.
What is Lument Finance Trust (LFT) earnings time?
Lument Finance Trust (LFT) earnings time is at Mar 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LFT EPS forecast?
LFT EPS forecast for the fiscal quarter 2024 (Q4) is $0.09.
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