#United States #New York #Lument Finance #2024 results #Dividend Declared

Lument Finance Trust Financial Performance Overview

On March 19, 2025, Lument Finance Trust, Inc. (NYSE: LFT) reported its financial results for the fourth quarter and full year of 2024. In the fourth quarter, the company achieved a net income attributable to common shareholders amounting to $3.6 million, translating to $0.07 earnings per share. For the entire year, this figure rose to $17.9 million or $0.34 per common share.

Key metrics for distributable earnings also demonstrated strong performance, with Q4 reporting $5.4 million ($0.10 per share) and a noteworthy $23.2 million for the year, up to $0.44 per share. These results underscore the company's solid financial foundation and commitment to shareholder returns.

Dividends Declared

Lument Finance Trust announced a cash dividend of $0.08 per each share of common stock for the first quarter of 2025. This dividend is payable on April 15, 2025, to all common stockholders registered as of March 31, 2025. The company also declared a cash dividend of $0.4921875 per share for its 7.875% Cumulative Redeemable Series A Preferred Stock, payable on the same date to preferred stockholders as of April 1, 2025.

Leadership Change

In a significant leadership transition, Lument Finance Trust appointed Greg D. Calvert as its new President, effective May 1, 2025. Mr. Calvert, who has been with the company in various roles for nearly 30 years, is currently the co-chair of the Investment Committee for Lument Investment Management, LLC, which serves as the external manager for LFT. He succeeds James J. Henson, who is retiring on the same date. CEO James P. Flynn expressed gratitude for Mr. Henson's contributions and optimism for Mr. Calvert’s leadership.

Upcoming Conference Call

In conjunction with the release of its financial results, Lument Finance Trust will hold a conference call on March 20, 2025, at 8:30 a.m. ET, to disseminate further updates and discuss quarterly results. Participants can join by calling 1-800-836-8184 (U.S.) or 1-646-357-8785 (international). A live webcast will also be available for those who prefer an online format.

Understanding Distributable Earnings and Non-GAAP Measures

The results included in Lument’s press release feature several non-GAAP financial measures, particularly distributable earnings. This term refers to net income attributable to common stockholders, adjusted for specific non-cash items and one-time events, thus providing a clearer picture of the company's sustainable operational performance. In their calculations, these earnings are expected to reflect well on the company's dividend efficacy, which typically involves distributing at least 90% of taxable income.

Conclusion

As Lument Finance Trust continues to grow its portfolio of commercial real estate debt investments, the successful 2024 financials reiterate its potential in the market. With a new phase of leadership underway and a commitment to shareholder returns, stakeholders can look forward to further developments in the company's journey. The detailed financial data and additional information can be found on the Lument Finance Trust website or through the SEC's official site. Investors are advised to watch for updates regarding their ongoing performance and dividend announcements.