LFT Lument Finance Trust, Inc.
FY2024 10-K
Lument Finance Trust, Inc. (LFT) filed its fiscal year 2024 10-K annual report with the SEC on Mar 19, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: REIT investing in, originating, financing, and managing transitional floating rate CRE mortgage loans, emphasizing middle-market multifamily assets
- • Portfolio metrics: 65 senior secured floating rate loans, $1.1B unpaid principal, weighted average coupon 8.1%, weighted average term 2.1 years as of Dec 31, 2024
Management Discussion & Analysis
- • Revenue: Net income $17.9M in 2024 vs $15.0M in 2023; EPS $0.34 in 2024 vs $0.29 in 2023; dividends declared $0.40/share vs $0.26/share
- • Profitability: Distributable Earnings $23.2M ($0.44/share) in 2024 vs $13.3M ($0.26/share) in 2023; book value per share $3.40 vs $3.46
Risk Factors
- • Regulatory risk: Risk of losing REIT qualification under complex Internal Revenue Code provisions, potentially triggering corporate tax and financing defaults
- • Macroeconomic risk: Exposure to rising interest rates following eleven Fed hikes since 2022, adversely affecting borrower payments and commercial property values
Financial SummaryXBRL
Net Income
$23M
ROE
9.5%
Total Assets
$1.1B
EPS (Diluted)
$0.34
Operating Cash Flow
$27M
Source: XBRL data from Lument Finance Trust, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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