Lument Finance Trust Q1 2023 Earnings Report

Lument Finance Trust EPS Results

• Actual EPS: $0.04
• Consensus EPS: $0.07
• Beat/Miss: Missed by -$0.03
• One Year Ago EPS: N/A

Lument Finance Trust Revenue Results

• Actual Revenue: $22.39 million
• Expected Revenue: $6.72 million
• Beat/Miss: Beat by +$15.67 million
• YoY Revenue Growth: N/A

Lument Finance Trust Announcement Details

• Quarter: Q1 2023
• Date: 5/11/2023
• Time: Q1 2023 Earnings Call

Lument Finance Trust (NYSE:LFT), a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments. Lument Finance Trust, Inc. is qualified as a real estate investment trust (REIT) under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Hunt Companies Finance Trust, Inc. and changed its name to Lument Finance Trust, Inc. in December 2020. Lument Finance Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.