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LFT

Lument Finance Trust, Inc.

LFT

Lument Finance Trust, Inc. • NYSE
$1.63 ▲ 2.52% (+0.04)
Market Cap $85.34 M
52w High $2.84
52w Low $1.42
Dividend Yield 0.35%
P/E 16.3
Volume 93.10K
Outstanding Shares 52.36M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $5.107M ▼ $2.807M ▼ $1.844M ▼ 36.101% ▲ $0.01 ▼ $0 ▼
Q2-2025 $20.592M ▼ $2.916M ▼ $3.691M ▲ 17.923% ▲ $0.048 ▲ $17.444M ▲
Q1-2025 $22.375M ▲ $8.291M ▲ $-522.568K ▼ -2.336% ▼ $-0.033 ▼ $14.373M ▲
Q4-2024 $8.254M ▼ $8.254M ▼ $4.79M ▼ 58.03% ▼ $0.069 ▼ $0
Q3-2024 $8.418M $8.418M $6.281M 74.611% $0.098 $0

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $56.022M ▼ $955.719M ▼ $725.647M ▼ $229.973M ▼
Q2-2025 $59.404M ▼ $998.387M ▼ $766.931M ▼ $231.356M ▼
Q1-2025 $63.52M ▼ $1.062B ▼ $829.469M ▼ $231.949M ▼
Q4-2024 $69.173M ▲ $1.129B ▼ $890.695M ▼ $237.8M ▼
Q3-2024 $45.588M $1.256B $1.013B $243.045M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.844M ▼ $1.143M ▼ $39.621M ▼ $-44.666M ▲ $-3.902M ▼ $1.143M ▼
Q2-2025 $3.691M ▲ $3.612M ▼ $60.664M ▲ $-68.05M ▼ $-3.774M ▲ $3.612M ▼
Q1-2025 $-522.568K ▼ $4.094M ▼ $55.294M ▼ $-66.43M ▲ $-7.042M ▼ $4.094M ▼
Q4-2024 $4.79M ▼ $6.329M ▲ $132.503M ▲ $-132.347M ▼ $6.486M ▲ $6.329M ▲
Q3-2024 $6.281M $6.229M $39.314M $-47.057M $-1.514M $6.229M

Five-Year Company Overview

Income Statement

Income Statement Lument Finance Trust shows a pattern of steady but modest income. Revenue has been fairly flat over the past several years, but profitability has inched upward, especially at the operating and EBITDA level. That suggests better efficiency and cost control rather than strong top-line growth. Net income and earnings per share remain small in absolute terms but are consistently positive, which is important for a mortgage REIT. Overall, the business looks more like a slow-and-steady income generator than a fast grower, with results still sensitive to credit quality and interest rate conditions.

Balance Sheet

Balance Sheet The balance sheet is typical for a mortgage REIT: asset-heavy and highly leveraged. Assets have grown meaningfully since 2020, funded largely with debt, while the equity base has improved but remains relatively thin compared with total assets. Cash on hand has improved versus earlier years but is still modest, which means access to financing lines and capital markets is important. The structure can work well in stable or improving markets, but the high use of borrowings leaves the company exposed to shifts in funding costs, property values, and credit conditions in commercial real estate.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, though not large, and has gradually improved over the five-year period. Free cash flow essentially mirrors operating cash flow, because the business has very low traditional capital expenditure needs. This is typical for a financial company whose main “assets” are loans rather than physical property. The upside is a capital-light model; the trade-off is that growth and stability depend more on loan performance and access to financing than on reinvestment in equipment or facilities.

Competitive Edge

Competitive Edge Lument Finance Trust operates in a crowded commercial real estate finance market but has carved out a focused niche in middle-market multifamily lending. Its connection to Lument Investment Management and ORIX gives it an important pipeline for deals, deeper industry expertise, and additional credibility with borrowers and capital providers. The company’s specialization in a specific slice of the multifamily market can be a real advantage, allowing more tailored structures and better risk insight. At the same time, LFT remains relatively small compared with major CRE lenders, and it still faces the broader headwinds of the commercial real estate cycle and intense competition for quality loans.

Innovation and R&D

Innovation and R&D For a financial REIT, LFT is relatively tech-forward. Its LeapOnline platform aims to digitize the full loan life cycle, improving speed, transparency, and borrower experience. The use of artificial intelligence in underwriting is another differentiator, potentially improving risk assessment and turnaround times. Coupled with structured financing tools like loan obligations and an emphasis on ESG, LFT is positioning itself as a modern, data-driven lender. The real test will be whether these tools continue to evolve fast enough to maintain an edge as competitors adopt similar technologies.

Summary

Overall, Lument Finance Trust appears to be a small but steadily profitable mortgage REIT with a focused strategy in middle-market multifamily lending. The income statement shows modest but improving profitability driven more by efficiency than by rapid growth. The balance sheet is highly leveraged, which is normal for the business model but increases sensitivity to interest rates, credit quality, and funding conditions. Cash flow is consistently positive and capital-light, but heavily reliant on the health of the loan book and access to financing. Strategically, LFT’s ties to Lument and ORIX, its specialization, and its technology platform create a differentiated position in a challenging sector. Key uncertainties center on commercial real estate fundamentals, interest rate trends, and the company’s ability to keep translating its tech and partnerships into superior loan performance over time.

NEWS

November 21, 2025 · 5:00 PM UTC

Lument Finance Trust Announces Pricing of $664 Million Commercial Real Estate CLO

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November 12, 2025 · 5:00 PM UTC

Lument Finance Trust Reports Third Quarter 2025 Results

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November 7, 2025 · 5:00 PM UTC

Lument Finance Trust Announces Quarter-End Earnings Release and Investor Call Dates

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September 16, 2025 · 8:00 AM UTC

Lument Finance Trust, Inc. Declares Quarterly Cash Dividends for its Common and Preferred Stock

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