Lument Finance Trust, Inc. (“LFT”) is a Maryland corporation focused on investing in, financing and managing a portfolio of commercial real estate debt investments. LFT primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets. LFT is externally managed and advised by Lument Investment Management, LLC, a Delaware limited liability company.
Company profile
Ticker
LFT, LFT+A
Exchange
Website
CEO
James Flynn
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Five Oaks Investment Corp., Hunt Companies Finance Trust, Inc.
SEC CIK
Corporate docs
Subsidiaries
Five Oaks Acquisition Corp. • Oaks Funding, LLC • Oaks Funding II, LLC • Oaks Holding I, LLC • Lument CMT Equity, LLC • Lument CMT Finance, LLC • LFT CRE 2021-FL1 Advances, LLC • LFT CRE 2021-FL1 Preferred, LLC • LFT CRE 2021-FL1, Ltd. • LFT CRE 2021-FL1, LLC ...
IRS number
454966519
LFT stock data
Latest filings (excl ownership)
8-K
Lument Finance Trust Reports 2023 Results and Declares Quarterly Dividends for Its Common and Preferred Stock
15 Mar 24
10-K
2023 FY
Annual report
15 Mar 24
8-K
Lument Finance Trust, Inc. Declares Quarterly Cash Dividends for its Common and Preferred Stock
12 Dec 23
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Lument Finance Trust Reports Third Quarter Results
13 Nov 23
8-K
Lument Finance Trust, Inc. Announces Quarterly Common Stock Dividend Increase
14 Sep 23
8-K
Lument Finance Trust Reports Second Quarter Results
8 Aug 23
10-Q
2023 Q2
Quarterly report
8 Aug 23
8-K
Lument Finance Trust, Inc. Announces Closing of $386 Million Financing
12 Jul 23
8-K
Lument Finance Trust, Inc. Declares Quarterly Cash Dividends for its Common and Preferred Stock
14 Jun 23
Transcripts
LFT
Earnings call transcript
2023 Q4
18 Mar 24
LFT
Earnings call transcript
2023 Q3
14 Nov 23
LFT
Earnings call transcript
2023 Q2
9 Aug 23
LFT
Earnings call transcript
2023 Q1
12 May 23
LFT
Earnings call transcript
2022 Q4
24 Mar 23
LFT
Earnings call transcript
2022 Q3
9 Nov 22
LFT
Earnings call transcript
2022 Q2
9 Aug 22
LFT
Earnings call transcript
2022 Q1
10 May 22
LFT
Earnings call transcript
2021 Q4
16 Mar 22
LFT
Earnings call transcript
2021 Q3
10 Nov 21
Latest ownership filings
SC 13G/A
Kuvare Insurance Services LP
14 Feb 24
4
James Christopher Hunt
4 Jan 24
4
Walter C Keenan
4 Jan 24
4
Neil A. Cummins
4 Jan 24
4
James J Henson
4 Jan 24
4
WILLIAM A HOULIHAN
8 Dec 23
4
WILLIAM A HOULIHAN
22 Aug 23
4
James J Henson
5 Jun 23
3
James J Henson
30 May 23
4
James J Henson
25 May 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 49.63 mm | 49.63 mm | 49.63 mm | 49.63 mm | 49.63 mm | 49.63 mm |
Cash burn (monthly) | 16.71 mm | 2.26 mm | 1.19 mm | 1.08 mm | (no burn) | (no burn) |
Cash used (since last report) | 111.40 mm | 15.04 mm | 7.94 mm | 7.22 mm | n/a | n/a |
Cash remaining | -61.76 mm | 34.60 mm | 41.69 mm | 42.41 mm | n/a | n/a |
Runway (months of cash) | -3.7 | 15.3 | 35.0 | 39.2 | n/a | n/a |
Institutional ownership, Q2 2023
46.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 34 |
Opened positions | 8 |
Closed positions | 3 |
Increased positions | 4 |
Reduced positions | 7 |
13F shares | Current |
---|---|
Total value | 18.92 bn |
Total shares | 24.48 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
OREC Investment | 14.32 mm | $37.80 mm |
AXAHF Axa | 3.34 mm | $6.35 bn |
Punch & Associates Investment Management | 1.58 mm | $3.01 bn |
PL Capital Advisors | 1.58 mm | $3.00 bn |
Vanguard | 1.37 mm | $2.60 bn |
Deltec Asset Management | 506.71 k | $962.75 mm |
Advisor | 386.30 k | $733.96 mm |
Geode Capital Management | 385.03 k | $731.55 mm |
Kuvare Insurance Services | 200.00 k | $0.00 |
BLK Blackrock | 187.34 k | $355.95 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Jan 24 | James J Henson | Common Stock | Buy | Acquire P | No | No | 2.3761 | 5,000 | 11.88 k | 55,000 |
2 Jan 24 | James J Henson | Common Stock | Buy | Acquire P | No | No | 2.3691 | 10,000 | 23.69 k | 50,000 |
29 Dec 23 | Hunt James Christopher | common stock | Grant | Acquire A | No | No | 2.2825 | 6,571 | 15.00 k | 608,071 |
29 Dec 23 | Keenan Walter C | common stock | Grant | Acquire A | No | No | 2.2825 | 6,571 | 15.00 k | 116,515 |
29 Dec 23 | Neil A. Cummins | Common Stock | Grant | Acquire A | No | No | 2.2825 | 4,337 | 9.90 k | 60,461 |
21 Nov 23 | Houlihan William A | common stock | Buy | Acquire P | No | No | 2.1 | 3,000 | 6.30 k | 186,732 |