LT

Lument Finance Trust

LFT
NYSEFinancials
$1.03
USD
-0.02(-1.90%)
At close: Jun 16, 20:00 UTC

Open

$1.05

Prev. Close

$1.05

High

$1.06

Low

$1.05

Market Snapshot

Market Cap

$53.97M

P/E Ratio

-8.0

EPS

0.35

Revenue

$36.18M

About

Lument Finance Trust, Inc. operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of commercial real estate (CRE) debt investments. The company is headquartered in New York City, New York. The company went IPO on 2013-03-22. The firm is focused on investing in, originating, financing and managing a portfolio of commercial real estate (CRE) debt investments. The company primarily invests or originates in transitional floating rate CRE mortgage loans with an emphasis on middle-market multifamily assets. The firm also invests in 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 finances its investments in transitional multifamily and other CRE loans primarily through matched-term non-recourse secured borrowings, including collateralized loan obligations (CLO). Its mortgage loan investment portfolio consists of approximately 65 senior secured floating rate loans with an aggregate unpaid principal balance of $1.1 billion. The firm is externally managed by its manager, Lument Investment Management, LLC.

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