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Lument Finance Trust, Inc., a real estate investment trust, focuses on investing in, originating, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. It primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets and other CRE-related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments. The company is qualified as a real estate investment trust under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as Hunt Companies Finance Trust, Inc. and changed its name to Lument Finance Trust, Inc. in December 2020. Lument Finance Trust, Inc. was incorporated in 2012 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $20M | - | $-3M | $9M | -1.7% | -42.2% | -112.1% |
| 2024 | $35M | - | $23M | $27M | 12.5% | 15.2% | 14.9% |
| 2023 | $30M | - | $20M | $25M | 10.7% | 51.1% | 99.9% |
| 2022 | $20M | - | $10M | $16M | 5.3% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 20.02 | 30.27 | 34.86 | 20.15 |
| Operating Revenue | - | 20.02 | 30.27 | 34.86 | 20.15 |
| Selling General And Administration | - | 3.71 | 3.86 | 4.84 | 4.39 |
| Interest Income | - | 56.68 | 109.19 | 122.13 | 79 |
| Interest Expense | - | 32.81 | 74.80 | 80.77 | 53.89 |
| Net Interest Income | - | 23.87 | 34.39 | 41.36 | 25.11 |
| Pretax Income | - | 9.87 | 19.72 | 22.67 | -2.74 |
| Tax Provision | - | 0.01 | 0.01 | 0.02 | 0.01 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 9.86 | 19.71 | 22.65 | -2.75 |
| Net Income From Continuing And Discontinued Operation | - | 9.86 | 19.71 | 22.65 | -2.75 |
| Net Income From Continuing Operation Net Minority Interest | - | 9.86 | 19.71 | 22.65 | -2.75 |
| Net Income | - | 9.86 | 19.71 | 22.65 | -2.75 |
| Net Income Common Stockholders | - | 5.12 | 14.97 | 17.91 | -7.49 |
| Net Income Including Noncontrolling Interests | - | 9.86 | 19.71 | 22.65 | -2.75 |
| Normalized Income | - | 9.86 | 19.71 | 22.65 | -2.20 |
| Diluted NI Availto Com Stockholders | - | 5.12 | 14.97 | 17.91 | -7.49 |
| Basic Average Shares | 24.94 | 48.34 | 52.23 | 52.27 | - |
| Diluted Average Shares | 24.95 | 48.34 | 52.23 | 52.27 | - |
| Reconciled Depreciation | - | - | - | 0 | 0.78 |
| Total Unusual Items | -1.66 | 0 | - | - | -0.55 |
| Total Unusual Items Excluding Goodwill | -1.66 | 0 | - | - | -0.55 |
| Preferred Stock Dividends | - | 4.74 | 4.74 | 4.74 | 4.74 |
| Special Income Charges | -1.66 | 0 | - | - | - |
| General And Administrative Expense | - | 3.71 | 3.86 | 4.84 | 4.39 |
| Other Gand A | - | 3.47 | 3.62 | 4.40 | 3.95 |
| Salaries And Wages | - | 0.24 | 0.24 | 0.44 | 0.45 |
| Other Non Interest Expense | - | 2.18 | 4.16 | 2.08 | 4.10 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Lument Finance Trust, Inc.this co. | LFT | $56M | -20.25 | 0.34 | -1.7% | - |
| NLOP | NLOP | $177M | -1.22 | 0.60 | -49.4% | -0.85 |
| Strawberry Fields REIT, Inc. | STRW | $171M | 22.53 | 14.10 | 62.6% | 7.15 |
| Douglas Elliman Inc. | DOUG | $165M | 10.81 | 0.89 | 8.3% | 4.85 |
| Clipper Realty Inc. | CLPR | $139M | -6.98 |
| - |
| - |
| - |
| - |
| - |
| -4.52 |
| 64.8% |
| 43.27 |
| ACRES Commercial Realty Corp. | ACR | $137M | 6.41 | 0.32 | 5.1% | - |
| Sunrise Realty Trust, Inc. | SUNS | $117M | 9.81 | 3.74 | 6.5% | 19.13 |
| RPT | RPT | $111M | 75.35 | 0.46 | 0.6% | - |
| Franklin Street Properties Corp. | FSP | $57M | -1.27 | 0.09 | -7.4% | 10.89 |
| Peer Median | - | 8.11 | 0.53 | 5.8% | 9.02 | |