Lument Finance Trust, Inc. (LFT) Form 8-K — Aug 13, 2026
Lument Finance Trust's board unanimously approved a 1-for-10 reverse stock split to regain compliance with NYSE listing requirements, effective at 5:00 pm ET on September 9, 2026, with split-adjusted trading under ticker LFT beginning September 10, 2026. Shares outstanding will shrink from approximately 52.5 million to approximately 5.3 million, with cash paid in lieu of fractional shares and a new CUSIP of 55025L306. Concurrent with the split announcement, LFT reported a Q2 2026 GAAP net loss attributable to common shareholders of $9.2 million, or $0.18 per share, and a Distributable Loss of $5.3 million, or $0.10 per share.
Key figures
- Total Debt
- 908000000
- Total Assets
- 1115459000
- Cash Position
- 29000000
- New cusip
- 55025L306
- Total equity
- 204818000
- Leverage ratio
- 4.4x
- Performing pct
- 91.9%
- Loan portfolio upb
- 1014665959
- Net interest income
- 4503000
- Reverse split ratio
- 1:10
- Book value per share
- 2.76
- Reo sale san antonio
- 12200000
- Weighted avg note spread
- SOFR + 3.30%
- Common dividend per share
- 0.04
- Provision for credit losses
- 8625695
- Leverage ratio prior quarter
- 4.6x
- Multifamily pct of portfolio
- 91.7%
- Preferred dividend per share
- 0.49219
- Reverse split effective time
- September 9, 2026 5:00 pm ET
- Split adjusted trading start
- September 10, 2026
- Loan portfolio carrying value
- 991700000
- Risk rating 5 loans principal
- 98100000
- Shares outstanding after split
- 5300000
- Shares outstanding before split
- 52500000
- Book value per share prior quarter
- 2.97
Price after filing
Close on the filing date to close N calendar days later (from $6.95). Historical, not a forecast.
AI analysis
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