Lument Finance Trust Reports Q1 Earnings with Modest Improvements and Persistent Credit Challenges
Lument Finance Trust reported a first-quarter GAAP net loss of $0.02 per share but saw an increase in net interest income to $5.7 million, driven by lower funding costs and improved leverage. The company maintained its quarterly dividend at $0.04 per share despite ongoing credit issues involving seven risk-rated 5 loans totaling $108 million.
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Topics: credit_risk dividend_policy financial_results net_interest_income