Lument Finance Trust, Inc. · NYSE:LFT
Lument Finance Trust — Five Oaks Investment — Q1 2017 Earnings Presentation
9 slides from Lument Finance Trust's earnings presentation, May 10, 2017
Slide 1: First Quarter 2017 Earnings and Performance Highlights Presentation
Invest m ent Corp. Fi r s t Q u ar t e r 2 0 17 E arnin g s and P e r f orman c e Hi ghl i g h ts P r e se nt a t i on M a y 1 0 , 2 0 17
Slide 2: Safe Harbor Statement
S a f e H a rbo r S t a t e m e n t 2 This p r e s e nta t ion i n c l u d e s " f o r w a r d - loo k i n g sta t e m e nts" w ithin the m e ani n g of the U .S. s ec u r ities la w s that a r e subj e c t t o r is k s and un cer tainties. T h e se f o r w a r d - loo k i n g sta t e m e nts i n c
Slide 3: Performance Highlights: First Quarter 2017
P er f or m a nce H ighlig h ts: Fi r s t Qu a r t er 3 • Fi r s t Qua r t er 2017 – Divide n d o f $ 0 .15 p er c om m o n sha r e – Com p r e h e n si v e in c om e o f $ 5 .0 m illi on , o r $ 0 .29 p er c om m o n sha r e – GAAP n e t in c om e o f $ 1 .5 m illi on , o r $ 0 .08 p er c om m o n
Slide 4: Market Observations: First Quarter 2017
M a r k e t O b se r va tions: Fi r s t Qu a r t e r 2017 4 • R at es s t a b ili z ed in t h e f i r s t qu ar t er w i th t h e 10 y r . U S T t r a d ing in a r a n g e o f 2.3 1 % t o 2.6 3 % • I n v e st o r s h a v e g r o w n m o r e c a u tious of t h e n e w a dm ini s t r a tion ’ s a b il
Slide 5: Investment Strategy
I nv e s tme n t St r a t egy 5 • As w e c om mun i c at ed p r e vi o u sl y , w e i n t e n d t o f oc u s o n a bu sines s s t r at e g y t h a t is sim p ler t o und e r s t a n d a n d m o r e c os t e f f i c ie n t • Ou r f oc u s is n o w p ri m arily up o n A g e nc y h y b rid fl o a ti n
Slide 6: ARM and Credit Portfolios
ARM and C r edi t P ort f oli o s • Ou r 1 Q17 A g e nc y A R M P o rt f o l io h as a t h r ee m o n th CP R o f 7.2% • Ou r w eig h t ed a v e r a g e c ou p o n is 2 .5 2 % • Ou r w eig h t ed a v e r a g e pu r ch ase p rice is $ 1 0 2.06 • Lo w er c ou p on a n d d ollar p rice h y b rids b e n
Slide 7: Core Earnings Analysis: First Quarter 2017
Co r e E a rning s An a l y sis: Fi r s t Q u a r t e r 2017 GAAP to C o re E a r n i n gs Rec on c ili a ti o n Q ua rter E nde d M a r c h 31, 2017 Rec on c i l ia tion o f G A AP to non - G A AP I n for m a tion N et I n c o me (l o ss ) attri b u tab l e to c o m mo n sha rehol d ers Adj u st me
Slide 8: Portfolio Analysis: First Quarter 2016 vs. 2017
P ort f olio An a l y sis: Fi r s t Q u a r t e r 2016 vs . 2017 2.53% 51.51% 4.56% 9.48% 2 8.92% 0.86% 2.13% 1Q 20 1 6 Ag e ncy F ix ed Ag e ncy A RMs L e gacy N o n - Ag e ncy R M BS 2.0 Multi - Fa mily M BS R e s id e n t i a l W h ole Loa n s Mortga g e S e r v i c ing Rights 0. 42% 0.10% 93.57%
Slide 9: End of Presentation
E n d of P r ese n t a tion Inves t m ent C o rp. 9