Lument Finance Trust, Inc. · NYSE:LFT
Lument Finance Trust — Five Oaks Investment — Q1 2018 Earnings Presentation
11 slides from Lument Finance Trust's earnings presentation, May 10, 2018
Slide 1: First Quarter 2018 Earnings and Performance Highlights Presentation
Investment Corp. First Quarter 2018 Earnings and Performance Highlights Presentation May 10, 2018
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 This presentation includes "forward - looking statements" within the meaning of Section 27 A of the Securities Act of 1933 , as amended, or the Securities Act, and Section 21 E of the Exchange Act and, as such, may involve known and unknown risks, uncertainties and assumption
Slide 3: Summary and Highlights: Hunt Transaction (1 of 2)
Summary and Highlights: Hunt Transaction (1 of 2) 3 • On January 18 , 2018 , we announced a new strategic direction, and entry into a new external management agreement with Hunt Investment Management, LLC, an affiliate of the Hunt Companies Inc . and the concurrent mutual termination of our manageme
Slide 4: Summary and Highlights: Hunt Transaction (2 of 2)
Summary and Highlights: Hunt Transaction (2 of 2) 4 • In connection with the transaction, an affiliate of Hunt purchased 1 , 539 , 406 shares of our common stock in a private placement, at a purchase price of $ 4 . 77 per share, resulting in an aggregate capital raise of $ 7 , 342 , 967 . • An affil
Slide 5: Summary and Highlights
Summary and Highlights: First Quarter 2018 5 • Incurred negative economic return on our common equity of 0 . 6 % for the quarter after accounting for dividends of $ 0 . 10 ( 1 ) • Reduced our Agency RMBS exposure from $ 1 , 285 . 1 million as of December 31 , 2017 to $ 1 , 095 . 2 million as of Marc
Slide 6: Financial Results
Financial Results: First Quarter 2018 6 Footnotes: 1) Core Earnings is a non - GAAP measure that we define as GAAP net income, excluding impairment losses, realized and unrealized gains or losses on the aggregate portfolio and certain non - recurring upfront costs related to securitization transacti
Slide 7: HCMT Transaction
HCMT Transaction 7 • As a first significant step in our strategic transition, on April 30 , 2018 , the Company announced that it had acquired 100 % of the equity interests of Hunt CMT Equity, LLC from Hunt Mortgage Group, LLC for an aggregate purchase price of approximately $ 68 . 05 million • Asset
Slide 8: Portfolio Analysis: First Quarter 2017 vs. 2018
Portfolio Analysis: First Quarter 2017 vs. 2018 8 0.10% 93.57% 0.46% 5.19% 0.26% 0.42% 1Q 2017 Agency Fixed Agency Hybrid ARMS Non-Agency Multi-Family MBS Residential Mortgage Loans Mortgage Servicing Rights 0.07% 97.39% 0.37% 1.90% 0.00% 0.27% 1Q 2018 Agency Fixed Agency Hybrid ARMS Non-Agency Mult
Slide 9: Capital Allocations & ARM Portfolio
Capital Allocations & ARM Portfolio 9 Months to Reset Avg. MTR % of ARM Portfolio Current Face Value Weighted Avg. Coupon Weighted Avg. Amortized Purchase Price Amortized Cost Weighted Avg. Market Price Market Value 0 -36 28 3.6% $ 40,047,501 2.11% 102.65 $ 41,107,563 100.37 $ 40,196,327 37-72 65 63
Slide 10: Core Earnings Analysis: March 31, 2018
Core Earnings Analysis: First Quarter 2018 10 March 31, 2018 Reconciliation of GAAP to non-GAAP Information Net Income (loss) attributable to common shareholders 10,434,491$ Adjustments for non-core earnings Realized (Gain) Loss on sale of investments, net 2,848,007$ Realized (Gain) Loss on derivati
Slide 11: End of Presentation
End of Presentation 11 Investment Corp.