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LFT-PA

Lument Finance Trust, Inc.

LFT-PA

Lument Finance Trust, Inc. • NYSE
$20.85 ▲ 0.29% (+0.06)
Market Cap $1.09 B
52w High $23.50
52w Low $19.00
Dividend Yield 1.97%
P/E 91.05
Volume 101
Outstanding Shares 5.38M

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 modest but fairly steady earnings. Revenue has inched up over time, and core profit measures have generally improved, especially in the last couple of years. Net income has stayed positive but small, which is not unusual for a focused mortgage REIT. Per‑share results do bounce around from year to year, which suggests sensitivity to interest rates, credit conditions, and one‑off items. Overall, the income statement points to a business that is profitable but finely balanced and closely tied to the health of commercial real estate lending markets.

Balance Sheet

Balance Sheet The balance sheet is asset‑heavy and highly financed with debt, which is typical for a mortgage REIT. Total assets have grown versus earlier years, and shareholder equity has also strengthened, but equity is still a relatively small slice of the capital structure. Cash on hand has improved from very low levels, yet remains limited compared with the size of the asset base, again standard for this type of business model. The structure relies on continued access to financing markets and careful risk management to keep leverage at a manageable level.

Cash Flow

Cash Flow Cash flow from operations has been consistently positive, moving broadly in line with earnings over the past several years. Because this is a financial business rather than a manufacturing or technology company, it has almost no traditional capital spending, so free cash flow is very close to operating cash flow. That means most of the cash generation can be directed toward funding loans, servicing debt, and paying dividends, rather than being absorbed by heavy reinvestment in physical assets. Stability of cash flows will still depend heavily on credit performance and funding costs.

Competitive Edge

Competitive Edge Competitively, Lument Finance Trust operates in a defined niche: transitional, floating‑rate loans for middle‑market multifamily properties. This specialization, combined with its relationship to Lument and backing from ORIX, gives it access to a broad origination network, deep local market knowledge, and a range of agency and non‑agency products. Its edge comes from credit expertise, disciplined underwriting, and long‑standing relationships with borrowers and intermediaries. At the same time, it faces intense competition from banks, private credit funds, and other mortgage REITs, and it is exposed to pressures in commercial real estate values, refinancing markets, and interest‑rate swings.

Innovation and R&D

Innovation and R&D Innovation here is about financial and digital process improvement rather than traditional R&D. The LeapOnline platform digitizes underwriting and servicing, cutting down on paperwork and delays and giving borrowers self‑service access to loan data. The use of AI for risk assessment and submarket analysis aims to speed decisions and sharpen credit judgment. Integration with agency platforms and property‑management software, plus tools like wellness dashboards, are designed to improve transparency and compliance. These capabilities can create a more efficient and borrower‑friendly experience and may provide a practical edge, though over time rivals can develop or adopt similar tools.

Summary

Putting it all together, Lument Finance Trust is a specialized mortgage REIT focused on multifamily commercial real estate debt, with a record of modest, steady profitability and positive cash generation. Its model is highly leveraged and sensitive to credit and interest‑rate cycles, which makes balance‑sheet discipline and funding access critical. The firm benefits from strong sponsorship through Lument and ORIX, a differentiated product set, and a technology‑enabled lending and servicing platform that can enhance efficiency and client service. Key watchpoints include the health of the commercial real estate market, performance of its transitional loan portfolio, the cost and stability of its financing arrangements, and its ability to maintain underwriting discipline as it pursues growth and new structured financings such as CRE CLOs.