How do LFT’s performance metrics compare with peer REITs in the finance/asset‑backed securities sector?

Short answer:

The press release you provided only announces that Lument Finance Trust (LFT) will file its Form 10‑Q for the quarter ended June 30 2025 on August 8 2025 and that it will hold an investor call. The release does not contain any of the performance metrics (e.g., FFO, AFFO, net asset value, leverage, dividend yield, occupancy/loan‑to‑value ratios, etc.) that would allow a direct comparison with other REITs in the finance/asset‑backed securities (ABS) space.

What we can say based on the current information

What metrics are typically used to compare LFT with peer REITs in the finance/ABS sector?

How to do a proper peer comparison

1. Obtain LFT’s Q2‑2025 Form 10‑Q (available on the SEC’s EDGAR system after the August 8 filing). The 10‑Q will contain:

• Consolidated statements of income (including FFO/AFFO calculations)
  
• Balance sheet (to compute leverage ratios, LTV, NAV)
  
• Cash‑flow statement (for cash‑flow‑to‑debt and liquidity analysis)
  
• Notes on portfolio composition (e.g., percentage of ABS, commercial loans, residential mortgage‑backed securities, etc.)
  

1. Select a peer group – typical peers in the finance/ABS REIT space include:

• AGNC Investment Corp. (AGNC) – a mortgage REIT focused on agency MBS.
  
• Annaly Capital Management (NLY) – a diversified mortgage REIT.
  
• New York Mortgage Trust (NYMT) – a mortgage‑backed securities REIT.
  
• PIMCO Corporate & Income Trust (PCG) – a BDC/REIT hybrid focusing on debt securities.
  
• Blackstone Mortgage Trust (BXMT) – a mortgage‑backed securities REIT.

Choose peers that have a similar asset composition (i.e., ABS‑focused, similar leverage profile).

1. Gather the same metrics for each peer:

• Retrieve their most recent quarterly reports (10‑Q) for the same period (Q2‑2025).
  
• Compile a table of key metrics (FFO, AFFO, distribution per share, payout ratio, leverage, NAV, etc.).
  

1. Standardize the data:

• Convert all amounts to a common basis (per share, percentages).
  
• Adjust for any non‑recurring items to keep the comparison “apples‑to‑apples.”
  

1. Perform the comparison:

• Profitability: Compare LFT’s FFO and AFFO growth rates versus peers.
  
• Dividend sustainability: Examine payout ratios; a lower ratio suggests more cushion.
  
• Leverage: Evaluate debt/FFO or Debt/EBITDA; higher leverage may imply higher risk.
  
• Valuation: Compare LFT’s NAV/Market price to peers. A deeper discount may indicate market concerns or potential upside.
  
• Yield: Compare dividend yields; high yields may reflect higher risk or discount to NAV.
  
• Credit quality: Look at LTV, default rates, and composition of the portfolio (e.g., percent of agency vs. non‑agency securities).
  
• Interest‑rate sensitivity: Examine duration of the ABS portfolio; longer duration means more sensitivity to rate changes.

1. Interpret the results:

• If LFT’s FFO growth > peers → indicates stronger earnings momentum.
  
• If LFT’s payout ratio is lower than peers but the dividend yield remains competitive, the dividend may be more sustainable.
  
• Higher leverage may be a concern if not offset by higher yields or stronger cash flow.
  
• A discount to NAV could signal market skepticism (perhaps due to higher LTV or concentration in a sub‑segment) or a potential buying opportunity if fundamentals are strong.

What we need to answer the question definitively

• LFT’s actual Q2‑2025 numbers (FFO, AFFO, distribution, NAV, debt metrics, etc.) – these will be in the Form 10‑Q filed on Aug 8.
  
• Comparable peer data for the same quarter (or latest available) for the same metrics.
  
• Contextual information (interest‑rate environment, regulatory changes, credit‑market trends) that may affect the sector.

Next steps for you

1. Wait for the Form 10‑Q filing (August 8, 2025). Download the filing from the SEC’s EDGAR database (search “LFT” and “10‑Q” for the June‑2025 quarter).
   
2. Pull peer data: Use SEC filings for the selected peers (AGNC, NLY, NYMT, PCG, BXMT) for their Q2‑2025 (or most recent) 10‑Qs.
   
3. Create a comparison table (example template below).
   

1. Analyze using the framework above, and you will have a robust, data‑driven answer to how LFT’s performance compares to its peers.

Bottom line

• The press release you provided does not include the quantitative metrics needed for a performance comparison.
  
• To evaluate LFT relative to its peers, you will need to obtain the Q2‑2025 Form 10‑Q (expected Aug 8, 2025) and comparable data from other finance/ABS REITs.
  
• Once you have those numbers, the comparison can be structured around the key REREIT metrics listed above, allowing you to see whether LFT is outperforming, under‑performing, or trading in line with its peers in terms of profitability, dividend sustainability, leverage, and valuation.

Feel free to let me know when you have the 10‑Q data, and I can help you build the comparative analysis or answer any follow‑up questions!