Quarterly ResultMay 20, 2026, 04:43 PM
Lument Finance Trust Q1 GAAP Net Loss $0.02/Share; Distributable EPS $0.02
AI Summary
Lument Finance Trust reported its first quarter 2026 financial results, with a GAAP net loss attributable to common shareholders of $1.0 million, or $0.02 per share. However, distributable earnings for the quarter were $1.1 million, or $0.02 per share. The company also declared a cash dividend of $0.04 per share of common stock and maintained a stable leverage ratio of 4.6x. The investment portfolio continues to focus on multifamily assets, comprising 92.6% of the total.
Key Highlights
- GAAP net loss attributable to common shareholders was $1.0 million, or $0.02 per share.
- Distributable earnings for the first quarter were $1.1 million, or $0.02 per share.
- The Company declared a cash dividend of $0.04 per share of common stock.
- Book Value Per Share of Common Stock was $2.97 as of March 31, 2026.
- Loan fundings totaled $47.9 million and loan payoffs were $46.8 million during the quarter.
- The investment portfolio consisted of 92.6% multifamily assets.
- The Company's leverage ratio remained stable at 4.6x.
- Weighted average risk rating of the loan portfolio was 3.1, with 76.7% rated "3" or better.
Price Impact
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