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Lument Finance Trust Reports Second Quarter Results for 2026

On August 13, 2026, Lument Finance Trust, Inc. (NYSE: LFT) disclosed its financial results for the second quarter and announced a plan for a reverse stock split of its shares. This strategy seeks to comply with the New York Stock Exchange guidelines and aims to foster a more efficient trading environment.

Second Quarter 2026 Financial Highlights

Lument Finance Trust reported a net loss attributable to its common shareholders amounting to $9.2 million, which translates to a loss of $0.18 per share. Additionally, the company noted a distributable loss of $5.3 million, or $0.10 per share. For stakeholders seeking in-depth insights, a detailed presentation of these results is accessible on their website at lumentfinancetrust.com.

Announcement of the Reverse Stock Split

The reverse stock split plan, approved unanimously by LFT's Board of Directors, would implement a 1-for-10 ratio effective at 5:00 PM Eastern Time on September 9, 2026. Consequently, shareholders will see their ten shares converted into one. The adjusted trading of LFT shares is expected to commence on September 10, utilizing the current ticker symbol "LFT" and a new CUSIP number.

This move aims to streamline the number of outstanding shares from about 52.5 million down to roughly 5.3 million. Importantly, this action will uniformly affect all shareholders without altering their percentage ownership—though fractional shares will not be issued, and shareholders entitled to such will receive cash instead.

Those holding shares in book-entry form or through brokers will have their positions adjusted automatically, eliminating the need for any direct action. The company has reserved the right to delay or abandon this split, ensuring communication with shareholders regarding any updates.

To further assist investors in understanding this measure, LLF has made a Reverse Stock Split FAQ document available on their Investor Relations page.

Upcoming Conference Call

In conjunction with the results announcement, Lument Finance Trust will host a conference call on August 14, 2026, at 8:30 AM ET to provide further updates and interactions with investors regarding the Q2 results. Interested parties can join by calling 1-800-836-8184 (for U.S. callers) or 1-646-357-8785 (for international participants). A live webcast will also be hosted for those who prefer that medium.

Understanding Distributable Earnings

Apart from GAAP metrics, Lument Finance Trust is offering a non-GAAP financial measure known as distributable earnings. This metric encompasses net income attributable to common shareholders but excludes certain non-cash and non-recurring items, providing investors with what the company believes to be a more accurate reflection of operational performance. This approach highlights factors that typically aren’t mirrored in standard financial summaries.

The reported distributable earnings for Q2 is minus $5.3 million, and on a per-share basis, it translates to a loss of $0.10.

About Lument Finance Trust

Lument Finance Trust, Inc. is a Maryland corporation devoted to investments in commercial real estate debt portfolios. The firm primarily focuses on transitional floating rate commercial mortgage loans, particularly emphasizing middle-market multifamily assets. LFT is advised and managed externally by Lument Investment Management LLC.

For more information on Lument Finance Trust's business operations, investors can visit their official website or review their filings on the SEC website. Forward-looking statements contained in updates from the company are subject to various risks and uncertainties, encouraging a careful appraisal of market conditions.

This strategic plan reflects Lument Finance Trust's adaptability in a fluctuating market and commitment to its shareholders, aiming to bolster growth opportunities moving forward.