Overview
U.S. commercial real estate debt investor posted Q4 GAAP net loss
Full-year distributable earnings were positive despite annual GAAP net loss
Outlook
Company did not provide specific guidance or outlook for future periods
Result Drivers
REALIZED LOSS ON REAL ESTATE - Realized loss on real estate owned affected quarterly results
Company press release: ID:nPn45ZwcXa
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 EPS
-$0.17
Q4 Net Income
-$8.9 mln
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Lument Finance Trust Inc is $2.63, about 90.2% above its March 23 closing price of $1.38
The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)