Lument Finance Trust (NYSE:LFT) First Quarter 2024 Results

Key Financial Results

• Revenue: US$11.3m (up 33% from 1Q 2023).

• Net income: US$5.80m (up 27% from 1Q 2023).

• Profit margin: 52% (down from 54% in 1Q 2023). The decrease in margin was driven by higher expenses.

• EPS: US$0.11 (up from US$0.088 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Lument Finance Trust Earnings Insights

Looking ahead, revenue is forecast to grow 4.7% p.a. on average during the next 2 years, compared to a 33% growth forecast for the Mortgage REITs industry in the US.

Performance of the American Mortgage REITs industry.

The company's shares are up 2.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 2 warning signs for Lument Finance Trust (of which 1 is significant!) you should know about.

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