Two measures of the quarter
Lument Finance Trust reported a third-quarter GAAP loss attributable to common shareholders of $13.5 million, or $2.57 per share, on November 12.
Its distributable loss was $0.7 million, or $0.13 per share. That non-GAAP figure excludes certain adjustments and does not replace the GAAP result or represent cash available to spend. The reconciliation includes an $8.6 million credit-loss provision and $3.9 million of impairment on real estate owned.
When to hear the company’s update
The commercial-property debt investor, which focuses on transitional floating-rate loans and multifamily assets, scheduled its results call for Friday, November 13, at 8:30 a.m. Eastern Time, or 13:30 UTC. Its release links a listen-only webcast.
The announcement concerns the reported quarter, not a forecast of returns or a new dividend declaration.
