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Lument Finance Trust (LFT) investor relations material

Lument Finance Trust Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary11 Aug, 2025

Executive summary

  • Reported GAAP net income of $2.5 million ($0.05 per share) and distributable earnings of $2.8 million ($0.05 per share) for Q2 2025, with a declared dividend of $0.06 per share.

  • Book value per share was $3.27 as of June 30, 2025, down from $3.29 sequentially.

  • Portfolio consisted of $924 million in floating-rate CRE loans, 90.6% collateralized by multifamily assets.

  • Leverage ratio improved to 3.3x from 3.6x quarter-over-quarter.

  • U.S. economic environment remains mixed but stable, with moderating inflation and stable multifamily sector conditions.

Financial highlights

  • Net income attributable to common stockholders was $2.5 million, or $0.05 per share, down from $3.4 million in Q2 2024.

  • Distributable earnings were $2.8 million, or $0.05 per share, down from $0.10 per share in Q2 2024.

  • Net interest income for Q2 2025 was $7.0 million, down from $9.5 million in Q2 2024.

  • Operating expenses rose to $3.2 million in Q2 from $2.6 million in Q1.

  • Unrestricted cash and cash equivalents totaled $59.4 million at quarter-end.

Outlook and guidance

  • Anticipates continued focus on multifamily credit investment opportunities.

  • Market volatility may ease, with more predictable monetary policy expected to support commercial real estate capital flows.

  • Management believes current liquidity and leverage are sufficient for short-term needs, but long-term growth depends on additional financing or equity.

  • The company intends to maintain regular quarterly distributions and sufficient liquidity to meet investment and operational needs.

  • No current exposure to hospitality, retail, or office loan assets; limited exposure to seniors housing and self-storage.

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Frequently asked questions

Lument Finance Trust Inc. is a real estate investment trust (REIT) focused on investing in, financing, and managing a portfolio of commercial real estate debt investments. The company primarily targets investments in floating-rate commercial mortgage loans, mezzanine loans, and other commercial real estate-related debt instruments. Lument Finance Trust aims to generate attractive risk-adjusted returns for its investors through income from its loan portfolio and other real estate finance activities. The company is headquartered in New York, New York, and its shares are listed on the New York Stock Exchange.

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