Lument Finance Trust, Inc. · NYSE:LFT
Lument Finance Trust — Five Oaks Investment — Q4 2016 Earnings Presentation
8 slides from Lument Finance Trust's earnings presentation, Mar 16, 2017
Slide 1: Fourth Quarter 2016 Earnings and Performance Highlights Presentation
Investment Corp. Fourth Quarter 2016 Earnings and Performance Highlights Presentation March 16, 2017
Slide 2: Safe Harbor Statement
Safe Harbor Statement 2 This presentation includes "forward - looking statements" within the meaning of the U.S. securities laws that are subject to risks and uncertainties. These forward - looking statements include information about possible or assumed future results of the Company's business, fin
Slide 3: Performance Highlights: Fourth Quarter
Performance Highlights: Fourth Quarter 3 Fourth Quarter 2016 • Comprehensive loss of ($0.6) million, or ($0.04) per common share • GAAP net income of $10.6 million, or $0.72 per common share • Pro forma Book Value 1 declined $0.19 cents to $6.00 • Core earnings 2 of $2.8 million, or $0.19 per common
Slide 4: Market Observations
Market Observations: Fourth Quarter 2016 4 • Unanticipated election of Donald Trump was viewed positively for both equity and credit markets • The election was seen as reflationary for fixed income markets sending the yield on the 10 - yr treasury from a low of 1.59% to a high of 2.64% or a range of
Slide 5: Investment Strategy
Investment Strategy 5 • As we communicated previously, we intend to focus on a business strategy that is simpler to understand and more cost efficient • Our focus is now primarily upon Agency hybrid floating rate securities and Freddie Mac K - series Multi - family credit exposure • Exiting our prim
Slide 6: Core Earnings Analysis: GAAP to Core Earnings Reconciliation
Core Earnings Analysis: Fourth Quarter 2016 6 GAAP to Core Earnings Reconciliation Quarter Ended December 31, 2016 Reconciliation of GAAP to non-GAAP Information Net Income (loss) attributable to common shareholders 10,647,288$ Adjustments for non-core earnings Realized (Gain) Loss on sale of invest
Slide 7: Portfolio Analysis: Fourth Quarter 2015 and 2016
Portfolio Analysis: Fourth Quarter 2015 and 2016 7 2.17% 51.13% 8.77% 8.48% 26.99% 1.55% 0.91% 4Q 2015 Agency Fixed Agency ARMs Legacy Non-Agency RMBS 2.0 Multi-Family MBS Residential Whole Loans Mortgage Servicing Rights 0.16% 87.45% 0.26% 1.16% 10.14% 0.32% 0.51% 4Q 2016 Agency Fixed Agency ARMs L
Slide 8: End of Presentation
End of Presentation 8 Investment Corp.