Lument Finance Trust, Inc. (NYSE:LFT) reported its third quarter 2026 financial results on November 12, 2026, disclosing a GAAP net loss attributable to common shareholders of $13.5 million and a Distributable Loss of $0.7 million for the three months ended September 30, 2026.

Key Highlights

  • GAAP net loss: The company reported a GAAP net loss attributable to common shareholders of $13,508,118, or $2.57 per share of common stock, for the third quarter of 2026.
  • Distributable Loss: Distributable Loss, a non-GAAP measure, was $685,191, or $0.13 per weighted share outstanding, for the third quarter.
  • Weighted average shares outstanding: Basic and diluted weighted average shares outstanding were 5,252,331 for the period.
  • Key reconciling items: Adjustments from GAAP to Distributable Loss included a provision for credit losses of $8,599,694, real estate owned impairment expense of $3,892,329, and depreciation of real estate owned of $318,237.
  • Conference call scheduled: The company disclosed it would host a conference call on November 13, 2026, at 8:30 a.m. ET to discuss the results.
  • Company focus: According to the filing, LFT primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets.

Lument Finance Trust Third Quarter 2026 Results: GAAP Loss and Non-GAAP Distributable Loss

Lument Finance Trust, Inc., listed on NYSE:LFT, disclosed its third quarter 2026 results in a press release dated November 12, 2026. According to the filing, the company reported a GAAP net loss attributable to common shareholders of $13,508,118, equal to $2.57 per share of common stock, for the three months ended September 30, 2026. The company also reported a Distributable Loss of $685,191, or $0.13 per weighted share outstanding on a basic and diluted basis, with weighted average shares outstanding of 5,252,331.

The filing provides a reconciliation from GAAP net loss to Distributable Loss. The adjustments identified include an unrealized loss on mortgage servicing rights of $3,436, a provision for credit losses of $8,599,694, depreciation of real estate owned of $318,237, and real estate owned impairment expense of $3,892,329, which together total $12,813,696 in non-distributable earnings adjustments. An additional income tax adjustment of $9,231 was also applied, according to the reconciliation table in the filing.

The filing describes Distributable Earnings or Loss as a non-GAAP financial measure defined as GAAP net income (loss) attributable to holders of common stock, including realized losses not otherwise included in GAAP net income (loss), and excluding items such as non-cash equity compensation, depreciation and amortization, and unrealized gains or losses. The company stated it "believe[s] that Distributable Earnings or Loss provides meaningful information to consider in addition to our net income (loss) and cash flows from operating activities determined in accordance with GAAP." The filing also noted that any forward-looking statements are subject to substantial risks and uncertainties, many of which are beyond the company's control, as described in its cautionary language.

What Was Disclosed

Lument Finance Trust disclosed its Q3 2026 earnings results, reporting a GAAP net loss of $13,508,118 ($2.57 per share) and a non-GAAP Distributable Loss of $685,191 ($0.13 per share) for the three months ended September 30, 2026, along with a full GAAP-to-non-GAAP reconciliation.