earnings
confidence high
sentiment positive
materiality 0.70
Lument Finance Trust estimates Q4 2021 net income $2.2M-$2.7M; full-year Distributable Earnings $0.38-$0.40/share
Lument Finance Trust, Inc.
2021-FY EPS reported
$0.30
- Q4 2021 net income attributable to common: $2.2M-$2.7M ($0.09-$0.11/sh); Distributable Earnings $2.5M-$3.0M ($0.10-$0.12/sh).
- Full-year 2021 net income $7.2M-$7.7M ($0.29-$0.31); Distributable Earnings $9.5M-$10.0M ($0.38-$0.40).
- Book value $109.0M-$109.5M ($4.37-$4.39/sh); loan portfolio avg risk rating improved to 2.3 (Low) from 3.1.
- Acquired/funded $336.2M in Q4, $983.7M for FY; CLO notes $833.8M; liquidity $14.7M.
- No loan defaults or forbearance during pandemic; multifamily loans now 92% of portfolio.