Lument Finance Trust, Inc. (LFT)

NYSE:LFT

LFT

Lument Finance Trust

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Lument Finance Trust (LFT) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

May 11, 2026

After Close (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.06

Last Year’s EPS

0.08

Same Quarter Last Year

Analyst Consensus

―

Based on 0 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Mar 23, 2026|

% Change Since:

Earnings Call Sentiment|Neutral

The call presents a balanced picture: management executed significant financing and portfolio actions (FL3 CLO, new repo and warehouse facilities, $400M of loan deployments) and materially improved portfolio risk metrics (83% rated 3+ vs 46%), while preserving the quarterly dividend. However, near-term fundamentals were weighed down by a Q4 GAAP net loss, zero distributable earnings for the quarter, a sizable $8.6M provision that doubled specific reserves, nonaccruals and REO with low occupancy, and a decline in book value per share. Management’s actions and liquidity initiatives are constructive, but meaningful legacy credit work and earnings recovery remain required to restore full dividend coverage.

Company Guidance

Management's guidance emphasized a cautious, selective approach focused on active asset management, efficient resolution of legacy positions and disciplined balance sheet management while maintaining the quarterly dividend at $0.04 (Q4 and Q1 2026), after cumulative 2025 dividends of $0.22, and targeting a return to full dividend coverage through portfolio cleanup, redeployments and potential future portfolio-level financing (e.g., additional CLOs). Key metrics cited to support that path include available financing capacity of up to $450 million under a JPMorgan repo and $50 million from Northeast Bank, the recently closed $664 million FL3 CLO (88% effective advance rate, cost of funds ≈ SOFR +191 bps, collateral spread ≈ 321 bps, 30‑month reinvestment period), extension of the corporate term loan to 2030 at a 9.75% rate (providing ~$2.3 million incremental liquidity), approximately $23 million of unrestricted cash, $104 million of Q4 payoffs and ~$400 million of loan deployments. Portfolio and credit metrics described as guiding decisions include a $1.1 billion UPB across 61 floating‑rate loans (weighted avg floating spread 333 bps over SOFR, weighted avg coupon ~717 bps down from 777 bps, weighted avg remaining term ~21 months), 93% multifamily collateral, 83% of loans risk‑rated 3+ (weighted avg risk rating 3.2 vs 3.6 prior), eight risk‑rated 5 loans totaling ~$117 million (~10% of UPB), a $17.6 million specific allowance (general allowance $5.0 million), a $8.6 million Q4 provision, nonaccrual UPB of ~$102 million (earnings drag ≈ $0.02), three REO properties (69% occupancy), and total book equity of ~$219 million (book value of common ≈ $159 million or $3.03/share). Overall, management expects improving but uneven CRE conditions and intends to stay selective on new capital deployment to preserve capital and capture risk‑adjusted opportunities.

Successful FL3 CLO Execution and Portfolio Deployment

Closed LMNT 2025-FL3 CLO ($664M) in December with an effective advance rate of 88% and weighted average cost of funds ~191 bps over SOFR; initial collateral acquired included ~$383M of assets from an affiliate. Deployed ~ $400M into loan assets during Q4 (majority as FL3 collateral).

Improved Portfolio Credit Metrics

Percentage of loans risk rated 3 or better increased to ~83% as of 12/31/25 from 46% as of 9/30/25; weighted average risk rating improved to 3.2 from 3.6 sequentially, driven primarily by acquisitions of performing loans.

Increased Portfolio Size and Yield Characteristics

Total loan portfolio: 61 floating rate loans with aggregate UPB ≈ $1.1B; weighted average floating spread of 333 bps over SOFR for the book; weighted average collateral spread of the FL3 pool ≈ 321 bps over 1-month SOFR.

Liquidity and Financing Enhancements

Entered an uncommitted repo with JPMorgan for up to $450M and a Northeast Bank facility for up to $50M, enhancing financing flexibility; amended secured corporate term loan to extend maturity to 2030 and added ~$2.3M incremental liquidity before fees.

Dividend Maintained and Plan Toward Coverage

Declared quarterly dividend of $0.04 for Q4 and declared unchanged $0.04 for Q1 2026; cumulative declared dividends for 2025 totaled $0.22 per common share. Management expects a mix of asset resolution, redeployment and potential portfolio financing to return to full coverage.

Net Interest Income Slightly Improved

Q4 net interest income was $5.3M, up modestly from $5.1M in Q3 (+~3.9%), reflecting incremental portfolio income despite coupon compression on new loans.

Portfolio Cash/Capital Actions and Paydowns

Generated ~$104M of payoffs in Q4 primarily used to reduce securitization liabilities; ended year with ~$23M unrestricted cash and available warehouse capacity to support portfolio management and selective deployments.

Lument Finance Trust (LFT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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LFT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 11, 2026	2026 (Q1)	0.06 / -	0.08	―	―	―
Mar 23, 2026	2025 (Q4)	0.06 / 0.00	0.1	―
Nov 12, 2025	2025 (Q3)	0.07 / 0.02	0.1	-80.00% (-0.08)
Aug 08, 2025	2025 (Q2)	0.07 / 0.05	0.09	-44.44% (-0.04)
May 12, 2025	2025 (Q1)	0.09 / 0.08	0.15	-46.67% (-0.07)
Mar 19, 2025	2024 (Q4)	0.09 / 0.10	0.1	0.00% (0.00)
Nov 12, 2024	2024 (Q3)	0.08 / 0.10	0.11	-9.09% (>-0.01)
Aug 12, 2024	2024 (Q2)	0.11 / 0.09	0.04	125.00% (+0.05)
May 09, 2024	2024 (Q1)	0.12 / 0.15	0	―
Mar 15, 2024	2023 (Q4)	0.11 / 0.10	0.06	66.67% (+0.04)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

LFT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Mar 23, 2026	$1.34	$1.19	-10.85%
Nov 12, 2025	$1.45	$1.40	-3.24%
Aug 08, 2025	$2.13	$1.94	-9.10%
May 12, 2025	$2.37	$2.17	-8.37%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Lument Finance Trust, Inc. (LFT) report earnings?

Lument Finance Trust, Inc. (LFT) is schdueled to report earning on May 11, 2026, After Close (Confirmed).

What is Lument Finance Trust, Inc. (LFT) earnings time?

Lument Finance Trust, Inc. (LFT) earnings time is at May 11, 2026, After Close (Confirmed).

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What is LFT EPS forecast?

LFT EPS forecast for the fiscal quarter 2026 (Q1) is 0.06.