$LFT
Lument Finance Trust, Inc. Stock $lft

$lft Overview Financials Valuation SEC Filings Company Website

2022 Q3 Form 10-Q Financial Statement

#000162828022021633 Filed on August 08, 2022

Income Statement

Concept	2022 Q3	2022 Q2	2022 Q1
Revenue	$14.75M	$12.64M	$10.01M
YoY Change	55.72%	53.37%	34.06%
Cost Of Revenue	$9.265M	$6.222M	$4.927M
YoY Change	95.55%	108.35%	66.45%
Gross Profit	$5.483M	$6.417M	$5.087M
YoY Change	15.85%	22.12%	12.55%
Gross Profit Margin	37.18%	50.77%	50.8%
Selling, General & Admin	$2.576M	$2.755M	$2.219M
YoY Change	11.71%	53.75%	26.08%
% of Gross Profit	46.98%	42.93%	43.62%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$4.181M	$3.184M	$2.295M
YoY Change	74.39%	73.1%	28.22%
Operating Profit	$1.303M	$3.232M	$2.792M
YoY Change	-44.23%	-5.35%	2.27%
Interest Expense	$37.31K	$80.00K	$150.0K
YoY Change	-162.18%	-136.36%	-850.0%
% of Operating Profit	2.86%	2.48%	5.37%
Other Income/Expense, Net
YoY Change
Pretax Income	$1.402M	$3.370M	$3.006M
YoY Change	-41.14%	107.2%	6.61%
Income Tax	-$97.97K	$25.67K	$51.67K
% Of Pretax Income	-6.99%	0.76%	1.72%
Net Earnings	$1.500M	$3.344M	$2.955M
YoY Change	-36.82%	99.01%	5.2%
Net Earnings / Revenue	10.17%	26.46%	29.51%
Basic Earnings Per Share	$0.01	$0.04	$0.05
Diluted Earnings Per Share	$0.01	$0.04	$0.05
COMMON SHARES
Basic Shares Outstanding	52.23M shares	52.22M shares	36.46M shares
Diluted Shares Outstanding	52.23M shares	52.23M shares	36.46M shares

Balance Sheet

Concept	2022 Q3	2022 Q2	2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$48.49M	$39.05M	$45.85M
YoY Change	9.99%	167.88%	291.85%
Cash & Equivalents	$48.49M	$39.05M	$45.85M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$53.35M	$84.07M	$48.57M
YoY Change	-44.46%	-13.19%	0.34%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$28.22M	$9.659M	$1.343M
YoY Change	-80.94%	-97.08%	-95.83%
Total Long-Term Assets	$1.075B	$1.046B	$1.081B
YoY Change	12.72%	10.7%	108.34%
TOTAL ASSETS
Total Short-Term Assets	$53.35M	$84.07M	$48.57M
Total Long-Term Assets	$1.075B	$1.046B	$1.081B
Total Assets	$1.129B	$1.130B	$1.130B
YoY Change	7.49%	8.48%	99.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$372.8K	$347.5K	$312.0K
YoY Change	-84.35%	-59.56%	4.0%
Accrued Expenses	$1.662M	$1.109M	$817.1K
YoY Change	156.09%	66.38%	104.26%
Deferred Revenue
YoY Change
Short-Term Debt	$828.7M	$828.0M	$827.4M
YoY Change	0.31%	0.24%	102.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$836.5M	$835.4M	$834.0M
YoY Change	0.29%	0.39%	101.64%
LONG-TERM LIABILITIES
Long-Term Debt	$46.91M	$46.85M	$46.78M
YoY Change	0.22%	18.19%	18.14%
Other Long-Term Liabilities	$372.8K	$300.0K	$300.0K
YoY Change	-84.47%	-66.67%	0.0%
Total Long-Term Liabilities	$46.91M	$46.85M	$46.78M
YoY Change	0.22%	18.19%	18.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$836.5M	$835.4M	$834.0M
Total Long-Term Liabilities	$46.91M	$46.85M	$46.78M
Total Liabilities	$883.4M	$882.2M	$880.8M
YoY Change	0.29%	1.2%	94.37%
SHAREHOLDERS EQUITY
Retained Earnings	$29.19M	$27.69M	$24.34M
YoY Change	64.68%	80.38%	78.09%
Common Stock	$522.3K	$522.3K	$522.2K
YoY Change	109.37%	109.37%	109.39%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$245.2M	$248.0M	$249.0M
YoY Change
Total Liabilities & Shareholders Equity	$1.129B	$1.130B	$1.130B
YoY Change	7.49%	8.48%	99.13%

Cashflow Statement

Concept	2022 Q3	2022 Q2	2022 Q1
OPERATING ACTIVITIES
Net Income	$1.500M	$3.344M	$2.955M
YoY Change	-36.82%	99.01%	5.2%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	$3.441M	$3.740M	$4.556M
YoY Change	-29.25%	-3.9%	43.62%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$28.87M	$2.101M	-$53.24M
YoY Change	-117.94%	-101.22%	-285.88%
Cash From Investing Activities	$28.87M	$2.101M	-$53.24M
YoY Change	-117.94%	-101.22%	-285.87%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net			$81.14M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-4.315M	-4.322M	$77.59M
YoY Change	-227.16%	-100.92%	-235.37%
NET CHANGE
Cash From Operating Activities	3.441M	3.740M	$4.556M
Cash From Investing Activities	28.87M	2.101M	-$53.24M
Cash From Financing Activities	-4.315M	-4.322M	$77.59M
Net Change In Cash	28.00M	1.518M	$28.91M
YoY Change	-118.34%	-99.5%	-213.36%
FREE CASH FLOW
Cash From Operating Activities	$3.441M	$3.740M	$4.556M
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	dei	Document Type DocumentType	10-Q
	dei	Amendment Flag AmendmentFlag	false
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2022
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	dei	Entity Central Index Key EntityCentralIndexKey	0001547546
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2022-06-30
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	001-35845
	dei	Entity Registrant Name EntityRegistrantName	LUMENT FINANCE TRUST, INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	MD
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	45-4966519
	dei	Entity Address Address Line1 EntityAddressAddressLine1	230 Park Avenue
	dei	Entity Address Address Line2 EntityAddressAddressLine2	20th Floor
	dei	Entity Address City Or Town EntityAddressCityOrTown	New York
	dei	Entity Address State Or Province EntityAddressStateOrProvince	NY
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	10169
	dei	City Area Code CityAreaCode	212
	dei	Local Phone Number LocalPhoneNumber	317-5700
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
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CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14749046	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	9659030	usd
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3530006	usd
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CY2021Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	1001825294	usd
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	oaks	Interest Expense Collateralized Loan Obligations InterestExpenseCollateralizedLoanObligations	9289128	usd
	oaks	Interest Expense Collateralized Loan Obligations InterestExpenseCollateralizedLoanObligations	4397189	usd
CY2022Q2	oaks	Interest Expense Secured Term Loan InterestExpenseSecuredTermLoan	937210	usd
CY2021Q2	oaks	Interest Expense Secured Term Loan InterestExpenseSecuredTermLoan	774363	usd
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	us-gaap	Other Operating Income Expense Net OtherOperatingIncomeExpenseNet	-153998	usd
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CY2021Q2	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	725667	usd
	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	2370000	usd
	us-gaap	Preferred Stock Dividends And Other Adjustments PreferredStockDividendsAndOtherAdjustments	729375	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2158810	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	954575	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3928651	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3759510	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	2158810	usd
CY2022Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	2158810	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	954575	usd
CY2021Q2	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	954575	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3928651	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	3928651	usd
CY2022Q2	oaks	Weighted Average Libor Floor Rate WeightedAverageLIBORFloorRate	0.0024	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	3759510	usd
	us-gaap	Net Income Loss Available To Common Stockholders Diluted NetIncomeLossAvailableToCommonStockholdersDiluted	3759510	usd
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52226141	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24944075	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44389086	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24943731	shares
CY2022Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
CY2022Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.04
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.04
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.15
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.15
CY2022Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.06
CY2021Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.09
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.12
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.18
CY2021Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	169375500	usd
CY2022Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	83468443	usd
CY2022Q1	oaks	Cost Of Issuing Of Common Stock Values CostOfIssuingOfCommonStockValues	2404070	usd
CY2022Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	4638	usd
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	2954799	usd
CY2022Q1	us-gaap	Dividends Common Stock DividendsCommonStock	3133509	usd
CY2022Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1184958	usd
CY2022Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	249080843	usd
CY2022Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	18810	usd
CY2022Q2	oaks	Cost Of Issuing Of Common Stock Values CostOfIssuingOfCommonStockValues	14196	usd
CY2022Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	-14334	usd
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	3343852	usd
CY2022Q2	us-gaap	Dividends Common Stock DividendsCommonStock	3133869	usd
CY2022Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1185042	usd
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	248096064	usd
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	113703152	usd
CY2021Q1	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	2885	usd
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	2808643	usd
CY2021Q1	us-gaap	Dividends Common Stock DividendsCommonStock	2244904	usd
CY2021Q1	us-gaap	Dividends Preferred Stock DividendsPreferredStock	3708	usd
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	114266068	usd
CY2021Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	11700	usd
CY2021Q2	oaks	Preferred Stock Issued During Period Value New Issues PreferredStockIssuedDuringPeriodValueNewIssues	57258435	usd
CY2021Q2	oaks	Preferred Stock Issued During Period Value New Issues PreferredStockIssuedDuringPeriodValueNewIssues	57258435	usd
CY2021Q2	us-gaap	Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition	-8459	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	1680242	usd
CY2021Q2	us-gaap	Dividends Common Stock DividendsCommonStock	2245309	usd
CY2021Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	725667	usd
CY2021Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	170237010	usd
	us-gaap	Net Income Loss NetIncomeLoss	6298651	usd
	us-gaap	Net Income Loss NetIncomeLoss	4488885	usd
	oaks	Accretion Of Discounts On Held For Investment Loans AccretionOfDiscountsOnHeldForInvestmentLoans	125098	usd
	oaks	Accretion Of Discounts On Held For Investment Loans AccretionOfDiscountsOnHeldForInvestmentLoans	3781	usd
	oaks	Amortization Of Premiums On Held For Investment Loans AmortizationOfPremiumsOnHeldForInvestmentLoans	50522	usd
	oaks	Amortization Of Premiums On Held For Investment Loans AmortizationOfPremiumsOnHeldForInvestmentLoans	78008	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	0	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	-207767	usd
	oaks	Amortization Of Offering Costs AmortizationOfOfferingCosts	-85867	usd
	oaks	Amortization Of Offering Costs AmortizationOfOfferingCosts	0	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1372887	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	573113	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	351914	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-1663926	usd
	oaks	Unrealized Gain Loss On Mortgage Service Rights UnrealizedGainLossOnMortgageServiceRights	228598	usd
	oaks	Unrealized Gain Loss On Mortgage Service Rights UnrealizedGainLossOnMortgageServiceRights	-240890	usd
	us-gaap	Restricted Stock Expense RestrictedStockExpense	9114	usd
	us-gaap	Restricted Stock Expense RestrictedStockExpense	6126	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	-388565	usd
	us-gaap	Increase Decrease In Accrued Interest Receivable Net IncreaseDecreaseInAccruedInterestReceivableNet	796111	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	262488	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	523140	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	404480	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	233341	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	-78327	usd
	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	371469	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	199679	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	520727	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	8295434	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	7061220	usd
	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	222142167	usd
	us-gaap	Payments To Acquire Loans Held For Investment PaymentsToAcquireLoansHeldForInvestment	338386251	usd
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	171007115	usd
	us-gaap	Proceeds From Principal Repayments On Loans And Leases Held For Investment ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment	273837132	usd
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	0	usd
	us-gaap	Payments For Proceeds From Investments PaymentsForProceedsFromInvestments	79457686	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-51135052	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-144006805	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	81136045	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	0	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	57258435	usd
	oaks	Proceeds From Collateralized Loan Obligations ProceedsFromCollateralizedLoanObligations	0	usd
	oaks	Proceeds From Collateralized Loan Obligations ProceedsFromCollateralizedLoanObligations	833750000	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	0	usd
	us-gaap	Repayments Of Secured Debt RepaymentsOfSecuredDebt	465316126	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	119375	usd
	us-gaap	Payments Of Financing Costs PaymentsOfFinancingCosts	7789364	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5378818	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5487543	usd
CY2022Q2	oaks	Weighted Average Floating Rate WeightedAverageFloatingRate	0.915
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	2370000	usd
	us-gaap	Payments Of Dividends Preferred Stock And Preference Stock PaymentsOfDividendsPreferredStockAndPreferenceStock	7500	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	73267852	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	412407902	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	30428234	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	275462317	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	18279052	usd
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	69375356	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48707286	usd
CY2021Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	344837673	usd
	us-gaap	Interest Paid Net InterestPaidNet	9371614	usd
	us-gaap	Interest Paid Net InterestPaidNet	4929197	usd
	oaks	Dividends Declared Not Yet Paid DividendsDeclaredNotYetPaid	4131369	usd
	oaks	Dividends Declared Not Yet Paid DividendsDeclaredNotYetPaid	3164059	usd
CY2022Q2	oaks	Weighted Average Sofr Rate WeightedAverageSOFRRate	0.085
	us-gaap	Use Of Estimates UseOfEstimates	<div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">The financial statements have been prepared on the accrual basis of accounting in accordance with GAAP. The preparation of financial statements in conformity with GAAP requires the Company to make a number of significant estimates. As of June 30, 2022, global macroeconomic conditions, including heightened inflation, changes to fiscal and monetary policy, higher interest rates, currency fluctuations, labor shortages and challenges in the supply chain, coupled with the war in Ukraine and the ongoing effects of the novel coronavirus ("COVID-19") pandemic, have the potential to negatively impact the Company and it borrowers. These current macroeconomic conditions may continue to aggravate and could cause the United States economy or other global economies to experience an economic slowdown or recession. We anticipate our business operations could be materially adversely affected by a prolonged recession in the United States or other major global economy. </span></div><div style="text-align:justify;text-indent:18pt"><span><br/></span></div><div style="text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:8pt;font-weight:400;line-height:120%">We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of June 30, 2022, however uncertainty over the ultimate impact of COVID-19, rising inflation and increases in interest rates on the global economy generally, and our business in particular, makes any estimates and assumptions as of June 30, 2022 inherently less certain than they would be absent the current and potential impacts of COVID-19, macroeconomic changes, and geopolitical events. Actual results could differ from our estimates and the differences may be material.</span></div>
CY2022Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	39048256	usd
CY2021Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14749046	usd
CY2022Q2	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	9659030	usd
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	3530006	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	48707286	usd
CY2021Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	18279052	usd
CY2022Q2	oaks	Number Of Impaired Loans NumberOfImpairedLoans	1	loan
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	400000	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2022Q2	oaks	Number Of Sub Servers NumberOfSubServers	2	sub-servicer
CY2022Q2	us-gaap	Accumulated Amortization Deferred Finance Costs AccumulatedAmortizationDeferredFinanceCosts	1524508	usd
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	52231152	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	52231152	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	52231152	shares
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	52231152	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24947883	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	24947883	shares
CY2015Q4	us-gaap	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	10000000	usd
CY2022Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2400000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	2400000	shares
CY2022Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	2400000	shares
CY2021Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	2400000	shares
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	351914	usd
CY2022Q2	us-gaap	Loans Receivable Fair Value Disclosure LoansReceivableFairValueDisclosure	1033649358	usd
CY2022Q2	oaks	One Month Libor Rate OneMonthLIBORRate	0.0112	usd
CY2021Q4	oaks	One Month Libor Rate OneMonthLIBORRate	0.0010	usd
CY2022Q2	oaks	One Month Sofr Rate OneMonthSOFRRate	0.0113
CY2021Q4	oaks	One Month Sofr Rate OneMonthSOFRRate	0.0000
CY2021Q4	oaks	Weighted Average Libor Floor Rate WeightedAverageLIBORFloorRate	0.0049	usd
CY2021	oaks	Financing Receivable Floating Rate Percentage FinancingReceivableFloatingRatePercentage	1
CY2021Q4	oaks	Average Risk Rate AverageRiskRate	2.3
CY2022Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2021Q1	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2021Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2020Q4	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2022Q2	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	351914	usd
CY2021Q2	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	351914	usd
	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	0	usd
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	351914	usd
CY2021Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2022Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	351914	usd
CY2021Q2	us-gaap	Financing Receivable Allowance For Credit Losses FinancingReceivableAllowanceForCreditLosses	0	usd
CY2022Q2	oaks	Number Of Impaired Loans NumberOfImpairedLoans	1	loan
CY2022Q2	us-gaap	Impaired Financing Receivable Unpaid Principal Balance ImpairedFinancingReceivableUnpaidPrincipalBalance	11700000	usd
CY2022Q2	oaks	Reserve For Impaired Loan ReserveForImpairedLoan	400000	usd
CY2021Q2	oaks	Number Of Newly Formed Subsidiaries NumberOfNewlyFormedSubsidiaries	2	subsidiary
CY2021Q2	oaks	Variable Interest Entity Qualitative And Quantitative Information Equity Interest VariableInterestEntityQualitativeAndQuantitativeInformationEquityInterest	96250000	usd
CY2021Q2	oaks	Proceeds From Issuance Of Debt Securities Allocated To Acquire Additional Loan Obligations ProceedsFromIssuanceOfDebtSecuritiesAllocatedToAcquireAdditionalLoanObligations	330300000	usd
CY2021Q2	oaks	Period To Acquire Additional Loan Obligations From Closing Date PeriodToAcquireAdditionalLoanObligationsFromClosingDate	P180D
CY2021Q2	oaks	Collateralized Loan Obligation Leverage Ratio CollateralizedLoanObligationLeverageRatio	0.83
CY2019Q1	oaks	Collateralized Loan Obligation Unamortized Discount CollateralizedLoanObligationUnamortizedDiscount	39200000	usd
CY2022Q2	oaks	Collateralized Loan Obligation Deferred Financing Costs CollateralizedLoanObligationDeferredFinancingCosts	904574	usd
CY2021Q4	oaks	Collateralized Loan Obligation Deferred Financing Costs CollateralizedLoanObligationDeferredFinancingCosts	904498	usd
CY2022Q2	us-gaap	Secured Debt SecuredDebt	47750000	usd
CY2022Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	47750000	usd
CY2021Q4	us-gaap	Secured Debt SecuredDebt	47750000	usd
CY2021Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	47750000	usd
CY2022Q2	us-gaap	Secured Debt SecuredDebt	47750000	usd
CY2022Q2	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	47750000	usd
CY2021Q4	us-gaap	Secured Debt SecuredDebt	47750000	usd
CY2021Q4	us-gaap	Line Of Credit Facility Maximum Borrowing Capacity LineOfCreditFacilityMaximumBorrowingCapacity	47750000	usd
CY2022Q2	oaks	Number Of Sub Servers NumberOfSubServers	2	sub-servicer
CY2022Q2	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	780595	usd
CY2021Q4	us-gaap	Assets Fair Value Disclosure AssetsFairValueDisclosure	551997	usd
	oaks	Management Fee Percentage ManagementFeePercentage	0.015
	oaks	Quarterly Management Fee Percentage QuarterlyManagementFeePercentage	0.00375
CY2022Q2	us-gaap	Management Fee Expense ManagementFeeExpense	1090652	usd
	oaks	Reduction To Reimbursable Expenses As Percentage Of Exit Fees Waived Percent ReductionToReimbursableExpensesAsPercentageOfExitFeesWaivedPercent	0.50
CY2021Q2	us-gaap	Management Fee Expense ManagementFeeExpense	725465	usd
CY2022Q2	us-gaap	Management Fee Payable ManagementFeePayable	1095000	usd
CY2021Q2	us-gaap	Management Fee Payable ManagementFeePayable	726000	usd
CY2021Q2	oaks	Incentive Fees IncentiveFees	0	usd
CY2022Q2	oaks	Incentive Fees IncentiveFees	0	usd
	us-gaap	Management Fee Expense ManagementFeeExpense	2015269	usd
	us-gaap	Management Fee Expense ManagementFeeExpense	1314232	usd
CY2022Q2	us-gaap	Management Fee Payable ManagementFeePayable	1095000	usd
CY2021Q2	us-gaap	Management Fee Payable ManagementFeePayable	726000	usd
	oaks	Incentive Fees IncentiveFees	0	usd
	oaks	Incentive Fees IncentiveFees	132232	usd
CY2022Q2	oaks	Incentive Fees Payable IncentiveFeesPayable	0	usd
CY2021Q2	oaks	Incentive Fees Payable IncentiveFeesPayable	132232	usd
CY2022Q2	oaks	Reimbursable Operating Expense ReimbursableOperatingExpense	648645	usd
CY2021Q2	oaks	Reimbursable Operating Expense ReimbursableOperatingExpense	496599	usd
CY2022Q2	oaks	Reimbursable Costs Payable ReimbursableCostsPayable	651815	usd
CY2021Q2	oaks	Reimbursable Costs Payable ReimbursableCostsPayable	497000	usd
CY2022Q2	oaks	Reimbursable Operating Expense Waived ReimbursableOperatingExpenseWaived	96230	usd
CY2022Q2	oaks	Reimbursable Operating Expense Reduction ReimbursableOperatingExpenseReduction	48115	usd
CY2021Q2	oaks	Reimbursable Operating Expense Waived ReimbursableOperatingExpenseWaived	93677	usd
CY2021Q2	oaks	Reimbursable Operating Expense Reduction ReimbursableOperatingExpenseReduction	46838	usd
	oaks	Reimbursable Operating Expense ReimbursableOperatingExpense	1039355	usd
	oaks	Reimbursable Operating Expense ReimbursableOperatingExpense	809053	usd
CY2022Q2	oaks	Reimbursable Costs Payable ReimbursableCostsPayable	651815	usd
CY2021Q2	oaks	Reimbursable Costs Payable ReimbursableCostsPayable	497000	usd
	oaks	Reduction To Reimbursable Expenses As Percentage Of Exit Fees Waived Percent ReductionToReimbursableExpensesAsPercentageOfExitFeesWaivedPercent	0.50
	oaks	Reimbursable Operating Expense Waived ReimbursableOperatingExpenseWaived	699547	usd
	oaks	Reimbursable Operating Expense Reduction ReimbursableOperatingExpenseReduction	349774	usd
	oaks	Reimbursable Operating Expense Waived ReimbursableOperatingExpenseWaived	351918	usd
	oaks	Reimbursable Operating Expense Reduction ReimbursableOperatingExpenseReduction	175959	usd
CY2021Q2	oaks	Number Of Participation Interests Funded NumberOfParticipationInterestsFunded	18	contract
CY2022Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2021Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	450000000	shares
CY2021Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2022Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	52231152	shares
CY2022Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	52231152	shares
CY2021Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	24947883	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	24947883	shares
	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.12
CY2022Q2	us-gaap	Net Income Loss NetIncomeLoss	3343852	usd
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	1680242	usd
CY2022Q2	us-gaap	Dividends Common Stock DividendsCommonStock	3133869	usd
CY2021Q2	us-gaap	Dividends Common Stock DividendsCommonStock	2245309	usd
CY2022Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	1185042	usd
CY2021Q2	us-gaap	Dividends Preferred Stock DividendsPreferredStock	725667	usd
CY2022Q2	us-gaap	Dividends Dividends	4318911	usd
CY2021Q2	us-gaap	Dividends Dividends	2970976	usd
CY2022Q2	us-gaap	Undistributed Earnings UndistributedEarnings	-975059	usd
CY2021Q2	us-gaap	Undistributed Earnings UndistributedEarnings	-1290734	usd
CY2022Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	52221394	shares
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24939575	shares
CY2022Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4747	shares
CY2021Q2	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4500	shares
CY2022Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	52226141	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24944075	shares
	us-gaap	Net Income Loss NetIncomeLoss	6298651	usd
	us-gaap	Net Income Loss NetIncomeLoss	4488885	usd
	us-gaap	Dividends Common Stock DividendsCommonStock	6267378	usd
	us-gaap	Dividends Common Stock DividendsCommonStock	4490214	usd
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	2370000	usd
	us-gaap	Dividends Preferred Stock DividendsPreferredStock	729375	usd
	us-gaap	Dividends Dividends	8637378	usd
	us-gaap	Dividends Dividends	5219589	usd
	us-gaap	Undistributed Earnings UndistributedEarnings	-2338727	usd
	us-gaap	Undistributed Earnings UndistributedEarnings	-730704	usd
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	44384462	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	24939231	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4624	shares
	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	4500	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	44389086	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	24943731	shares

Files In Submission

Name	View Source	Status
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0001628280-22-021633-index.html	Edgar Link	pending
0001628280-22-021633.txt	Edgar Link	pending
0001628280-22-021633-xbrl.zip	Edgar Link	pending
a20220630exhibit31-1.htm	Edgar Link	pending
a20220630exhibit31-2.htm	Edgar Link	pending
a20220630exhibit32-1.htm	Edgar Link	pending
a20220630exhibit32-2.htm	Edgar Link	pending
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MetaLinks.json	Edgar Link	pending
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oaks-20220630_cal.xml	Edgar Link	unprocessable
oaks-20220630_def.xml	Edgar Link	unprocessable
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oaks-20220630_pre.xml	Edgar Link	unprocessable
oaks-20220630_htm.xml	Edgar Link	completed
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$LFT
Lument Finance Trust, Inc. Stock $lft

2022 Q3 Form 10-Q Financial Statement

#000162828022021633 Filed on August 08, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LFT Lument Finance Trust, Inc. Stock $lft

2022 Q3 Form 10-Q Financial Statement

#000162828022021633 Filed on August 08, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LFT
Lument Finance Trust, Inc. Stock $lft