Lument Finance Trust Highlights 2024 Financial Success

Lument Finance Trust Showcases 2024 Financial Performance

Lument Finance Trust, Inc. (NYSE: LFT) has recently revealed strong financial results for the fourth quarter and the full year of 2024. The company reported significant growth in net income attributable to common shareholders, demonstrating its resilience in a dynamic market environment.

Fourth Quarter Financial Results

In the fourth quarter, Lument Finance Trust achieved a net income of $3.6 million, translating to $0.07 per share for its common stock. This solid performance reflects effective management strategies and a robust business model that continues to yield positive results for its investors.

Full Year Highlights

For the entire year of 2024, the company reported a net income of $17.9 million, which amounts to $0.34 per share. These figures underline not only a healthy financial status but also the company’s ability to generate reliable earnings in a competitive landscape.

Distributable Earnings

Lument Finance Trust disclosed distributable earnings for the fourth quarter of $5.4 million, or $0.10 per share, while the total distributable earnings for the full year reached $23.2 million or $0.44 per share. This strong indicator points to the firm’s capability to provide returns to its shareholders consistently.

Upcoming Dividend Announcements

The company has declared a cash dividend of $0.08 per share of common stock for the first quarter of 2025, payable on April 15, 2025, to stockholders recording their shares by the end of business on March 31, 2025. This move illustrates Lument Finance Trust’s commitment to rewarding shareholders.

Additionally, a dividend of $0.4921875 per share for the 7.875% Cumulative Redeemable Series A Preferred Stock has also been announced, payable on the same date, showcasing the firm’s dedication to both common and preferred stockholders.

Leadership Changes at Lument Finance Trust

This recent announcement coincides with a significant leadership transition within the company. Greg D. Calvert has been appointed as the new President effective May 1, 2025, succeeding James J. Henson, who will retire on the same date. Calvert's extensive experience, spanning nearly three decades, positions him as a fitting choice to steer the company towards its future growth ambitions.

James P. Flynn, the Chief Executive Officer and Chairman of the Board, expressed gratitude towards Henson for his service to the company and excitement about Calvert’s appointment, emphasizing the importance of strategic leadership in navigating future market challenges.

Conference Call Details

Lument Finance Trust will conduct a conference call on March 20, 2025, at 8:30 a.m. ET, aimed at providing insights into the company’s performance and outlook. Investors and stakeholders can participate by dialing the provided access numbers to join the discussion on recent results.

Understanding Distributable Earnings

Distributable Earnings has been defined by Lument Finance Trust as a non-GAAP financial measure that includes net income along with realized losses not captured under GAAP. This measure is vital for investors, as it allows closer alignment with cash flow potentials while excluding certain fluctuations that do not reflect operational performance.

The company believes that Distributable Earnings give shareholders an improved view of the company’s actual financial health, and thus it is often a crucial indicator for dividend declarations.

About Lument Finance Trust

Lument Finance Trust operates primarily in the realm of commercial real estate debt investments. The corporation focuses on financing and managing a variety of real estate loans, emphasizing transitional floating-rate loans tailored for multifamily assets. This strategic approach allows the company to play a significant role in the ever-evolving real estate market.

Externally managed by Lument Investment Management, LLC, Lument Finance Trust benefits from expert oversight, ensuring that its investments match market demands while also fulfilling shareholder commitments.

Frequently Asked Questions

What were the fourth quarter earnings for Lument Finance Trust?

Lument Finance Trust reported a net income of $3.6 million, or $0.07 per share in the fourth quarter of 2024.

What is the dividend declared for the first quarter of 2025?

The company announced a cash dividend of $0.08 per share of common stock payable on April 15, 2025.

Who is the new President of Lument Finance Trust?

Greg D. Calvert has been appointed as President of Lument Finance Trust, effective May 1, 2025.

What is Distributable Earnings in relation to Lument Finance Trust?

Distributable Earnings is a financial metric that includes net income and realized losses, providing a clearer picture of the company's cash-generating capabilities.

When is the conference call scheduled?

The conference call is set for March 20, 2025, at 8:30 a.m. ET to discuss the company's performance and outlook.

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