<span item_type="fundamental" item_id="450189a5e925ecbf957239475aae0651" counter_id="ST/US/LFT" env="prod"></span><span item_type="announcement" item_id="582090448221049985" env="prod"></span><p>EPS: As of FY2025 Q3, the actual value is USD 0.01.</p><p></p><h3>Net Income</h3><ul><li>GAAP net income attributable to common shareholders for the third quarter was $0.7 million, or $0.01 per share of common stock.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-1.htm"></span></li></ul><h3>Distributable Earnings</h3><ul><li>Distributable earnings for the third quarter were $1.0 million, or $0.02 per share of common stock.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-1.htm"></span></li></ul><h3>Reconciliation of GAAP to Distributable Earnings</h3><ul><li>Net Income attributable to common shareholders: $658,597.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-1.htm"></span></li><li>Adjustments for non-Distributable Earnings include unrealized loss on mortgage servicing rights: $24,700, unrealized provision for credit losses: -$29,660, and depreciation of real estate owned: $344,785, leading to a subtotal of $339,825.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-1.htm"></span></li><li>Other adjustments include adjustment for income taxes: -$2,902, leading to a subtotal of -$2,902.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-1.htm"></span></li><li>Distributable Earnings: $995,520.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-1.htm"></span></li></ul><h3>Dividends</h3><ul><li>On September 16, 2025, the Company declared a cash dividend for the quarter of $0.04 per share of common stock.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li><li>The Company also declared a cash dividend for the quarter of $0.49219 per share of 7.875% Cumulative Redeemable Series A Preferred Stock.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Book Value</h3><ul><li>Book Value Per Share of Common Stock was $3.25 as of September 30, 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Loan Payoffs</h3><ul><li>During the quarter, the Company experienced $48.8 million of loan payoffs.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Loan Portfolio</h3><ul><li>As of September 30, 2025, the Company’s loan investment portfolio consisted of floating-rate CRE loans of which approximately 89.6% were collateralized by multifamily assets.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li><li>The Company’s $822 million loan portfolio had a weighted average remaining initial term of 6 months, a weighted average note rate of SOFR + 3.55%, and unamortized aggregate purchase discounts of $1.9 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Risk Rating</h3><ul><li>As of September 30, 2025, the Company had a loan portfolio weighted average risk rating of 3.6, with 45.7% of the loan portfolio rated “3” (Moderate Risk) or better.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>REO Portfolio</h3><ul><li>As of September 30, 2025, the REO portfolio consisted of four multifamily properties with an aggregate carrying value of $58.1 million and a weighted average occupancy of 73.5%.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Cash and Cash Equivalents</h3><ul><li>As of September 30, 2025, the Company held cash and cash equivalents of $56.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Leverage Ratio</h3><ul><li>The leverage ratio declined quarter-over-quarter from 3.3x to 3.2x.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The Company anticipates continuing to focus on investment opportunities within multifamily credit and does not currently own any hospitality, retail, or office loan assets.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li><li>The Company entered into an uncommitted master repurchase agreement with JPMorgan Chase Bank, N.A. to provide up to $450 million to finance first mortgage loans and other commercial mortgage loan debt instruments secured by real estate.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li><li>The Company does not utilize repurchase or warehouse facility financing and is not subject to margin calls on any of its loan assets from repo or warehouse lenders.<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1547546/000110465925110520/tm2530951d1_ex99-2.htm"></span></li></ul>

Lument Finance Trust | 8-K: FY2025 Q3 EPS: USD 0.01