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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Lument Finance Trust
Lument Finance Trust (LFT) investor relations material
Lument Finance Trust Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary13 Nov, 2026
Executive summary
Q3 GAAP net loss attributable to common stockholders was $13.508 million, or $2.57 per share; Distributable Loss was $0.685 million, or $0.13 per share.
Credit-loss provisions and REO impairments weighed on results; the common dividend was suspended to preserve capital and support resolution of challenged assets.
Investment focus remains transitional floating-rate commercial mortgage loans, particularly middle-market multifamily assets.
Financial highlights
Q3 net interest income was $4.56 million versus $4.50 million in Q2 and $5.1 million in Q3 2025.
Q3 included an $8.6 million credit-loss provision and $3.9 million of REO impairment expense.
September 30 assets were $1.08 billion, including $952.1 million in net commercial mortgage loans; common book value was $131.3 million, or $24.97 per share.
9M 2026 net loss attributable to common stockholders was $23.68 million, versus net income of $1.46 million in 9M 2025.
Outlook and guidance
Management expects progress moving identified legacy assets off the balance sheet over the coming quarters and aims to make significant progress through the legacy portfolio in 2027.
Released capital is expected to be redeployed into performing, high-quality multifamily investments; timing depends on asset-specific and market conditions.
Operating cash flow and available borrowing capacity are expected to cover anticipated short-term liquidity needs; new loan deployment depends on opportunities, liquidity and borrowing capacity.
Four REO properties were actively marketed for sale, with sales expected within one year of held-for-sale classification.
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Latest events from Lument Finance Trust
- Q2 2026 net loss of $9.2M, book value at $2.76, and a 1-for-10 reverse split announced.LFT
Q2 2026 - All director nominees, executive pay, and auditor ratification were approved by shareholders.LFTAGM 2026
- Q1 2026 saw a $1.0M net loss, $1.1M distributable earnings, and 92.6% multifamily loan exposure.LFTQ1 2026
- Shareholders will vote on directors, executive pay, and auditor, with strong governance and oversight.LFTProxy filing
- Virtual annual meeting to vote on directors, executive pay, and auditor ratification.LFTProxy filing
- Q4 2025 saw a net loss, $664M CLO, 92.6% multifamily portfolio, and leverage up to 4.6x.LFTQ4 2025
- Q3 net income was $5.1M ($0.10/share) with a $1.2B multifamily loan portfolio and strong liquidity.LFTQ3 2024
- Q2 2024 net income was $3.4M, with a 14% dividend hike and strong multifamily loan focus.LFTQ2 2024
- Q4 net income was $0.07 per share; portfolio 92.3% multifamily; leadership transition announced.LFTQ4 2024
Next Lument Finance Trust earnings date
Q4 202619 Mar, 2027
Lument Finance Trust
Next Lument Finance Trust earnings date
Q4 202619 Mar, 2027
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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.