Latest news with #LFT
San Francisco Chronicle
a day ago
- Business
- San Francisco Chronicle
Lument: Q2 Earnings Snapshot
NEW YORK (AP) — NEW YORK (AP) — Lument Finance Trust, Inc. (LFT) on Friday reported net income of $3.7 million in its second quarter. The New York-based company said it had net income of 5 cents per share. The real estate investment trust posted revenue of $20.6 million in the period. Its adjusted revenue was $7 million. _____
Yahoo
3 days ago
- Business
- Yahoo
Lument Finance Trust Announces Quarter-End Earnings Release and Investor Call Dates
NEW YORK, Aug. 6, 2025 /PRNewswire/ -- Lument Finance Trust, Inc. (NYSE: LFT) ("we,"; "LFT" or "the Company") announced today that it expects to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2025 with the Securities and Exchange Commission on Friday, August 8, 2025, after the market closes, and invites investors and other interested parties to listen to its live conference call via telephone or webcast on Monday, August 11, 2025 at 8:30 a.m. eastern time. The conference call may be accessed by dialing 1-800-836-8184 (U.S.) or 1-646-357-8785 (international). Note: there is no passcode; please ask the operator to be joined into the Lument Finance Trust call. A live webcast, on a listen-only basis, is also available and can be accessed through the URL: For those unable to listen to the live broadcast, a recorded replay will be available for on-demand viewing approximately one hour after the end of the event through the Company's website and by telephone dial-in. The replay call-in number is 1-888-660-6345 (U.S.) or 1-646-517-4150 (international) with passcode 48892. About LFT LFT is a Maryland corporation focused on investing in, financing and managing a portfolio of commercial real estate debt investments. The Company primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets. LFT is externally managed and advised by Lument Investment Management, a Delaware limited liability company. Additional Information and Where to Find ItInvestors, security holders and other interested persons may find additional information regarding the Company at the SEC's Internet site at the Company website at or by directing requests to: Lument Finance Trust, 230 Park Avenue, 20th Floor, New York, NY 10169, Attention: Investor Relations. Forward-Looking StatementsCertain statements included in this press release constitute forward-looking statements intended to qualify for the safe harbor contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act, as amended. Forward-looking statements are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. You can identify forward-looking statements by use of words such as "believe," "expect," "anticipate," "project," "estimate," "plan," "continue," "intend," "should," "may," "will," "seek," "would," "could," or similar expressions or other comparable terms, or by discussions of strategy, plans or intentions. Forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us on the date of this press release or the date on which such statements are first made. Actual results may differ from expectations, estimates and projections. You are cautioned not to place undue reliance on forward-looking statements in this press release and should consider carefully the factors described in Part I, Item IA "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, which is available on the Securities and Exchange Commission's ("SEC") website at and in the Company's other current or periodic filings with the SEC, when evaluating these forward-looking statements. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond our control. Except as required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View original content to download multimedia: SOURCE Lument Finance Trust, Inc. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business News Wales
11-06-2025
- Business
- Business News Wales
Wales Could See 117% Surge in Engineering Construction Roles
The engineering construction industry (ECI) workforce in Wales could increase by 117% in the next five years if new nuclear projects in North Wales go ahead, new research suggests. The Engineering Construction Industry Training Board (ECITB) said the ECI plays a crucial role in the UK meeting its net zero ambitions, spanning sectors that focus on the construction, maintenance and decommissioning of heavy industry, including oil and gas, nuclear, power generation, renewables, chemicals, carbon capture and storage, hydrogen and water treatment. The ECITB's Labour Forecasting Tool (LFT) provides insights into workforce numbers across regions and sectors, predicting trends and potential future demand for workers in the industry. The tool, which was first launched in November 2023, has been updated using findings from the ECITB 2024 Workforce Census and publicly stated timescales on 3,000 active and future ECI projects across Great Britain. The ECITB's latest forecast states that the size of the ECI workforce in Wales could grow by 4,460 by 2030, with scaffolders, design technicians and general operatives among the roles most in demand. The predicted 117% increase is largely dependent on building work starting on the new nuclear power plant at Wylfa in Anglesey, North Wales, which was earmarked as a preferred site by the previous UK Government. This would bring thousands of jobs and investment to the area, says the ECITB. However, if the nuclear plant is not built, or the project incurs delays, the tool forecasts the ECI workforce may only grow by 550 in Wales, an increase of 14%. The revised predictions were possible thanks to a record response rate from industry employers for the latest iteration of the ECITB Workforce Census. The ECITB Workforce Census 2024 offered a comprehensive overview of the ECI workforce in Wales, having gathered data on more than 2,200 workers, covering distribution across sectors, demographic trends, hiring challenges and business opportunities. ECITB Chief Executive Andrew Hockey said: 'A key objective of the Foundations pillar of our Leading Industry Learning strategy is to produce impactful labour market intelligence to enable data-driven decision-making. 'The significant Census response rate enabled the ECITB to provide more precise, up-to-date data for the benefit of industry. It allows us to improve the LFT to help make better predictions on future workforce trends and labour demands in Wales. 'The updates to the LFT reinforce the scale of the challenges facing industry that were outlined in our Workforce Census Report, which revealed that 80% of ECI employers in Wales are experiencing challenges hiring workers. 'It also highlighted an upcoming wave of possible retirements, with the share of workers over 60 in Wales increasing from 11% to 14.6% since 2021. Also, the number of workers under 30 decreased from 18% of the workforce to 12.1% in the space of three years. 'We recognise addressing skills shortages in Wales requires a collaborative, multi-agency approach that includes employers, governments, training providers and the ECITB. 'So, we're calling on all of industry to work together to help increase the pool of people joining the ECI, while continuing to train and upskill existing workers. 'By investing in the workforce, the industry has a fighting chance of closing the skills gap and ensuring the ECI has the skilled workforce it needs both for now and the future.'
Pembrokeshire Herald
10-06-2025
- Business
- Pembrokeshire Herald
Engineering construction jobs could more than double in Wales by 2030
THE NUMBER of people working in engineering construction across Wales could rise by 117% by 2030—but only if proposed nuclear developments in North Wales go ahead. That's according to new research published today (June 9) by the Engineering Construction Industry Training Board (ECITB), which warns that delays or cancellation of key projects like the Wylfa nuclear plant on Anglesey could significantly reduce that figure. The ECITB's Labour Forecasting Tool (LFT)—recently updated with data from its 2024 Workforce Census—shows that the sector could grow by 4,460 jobs within five years, with scaffolders, design technicians and general operatives among the roles most in demand. However, if the Wylfa project fails to materialise, the increase would be far smaller, with only 550 new jobs forecast—a modest rise of 14%. The ECI spans a wide range of heavy industries critical to the UK's net zero ambitions, including oil and gas, nuclear, renewables, carbon capture, hydrogen, and water treatment. The sector plays a key role in the construction, maintenance and decommissioning of industrial infrastructure. The ECITB said the revised forecasts were made possible by a record response from employers across Wales, with workforce data collected on over 2,200 employees. The census provided fresh insights into age distribution, hiring challenges, and business opportunities in the region. Andrew Hockey, ECITB Chief Executive, said: 'A key pillar of our Leading Industry Learning strategy is delivering accurate labour market intelligence to support data-driven planning. 'This year's strong response to the Census allowed us to improve our Labour Forecasting Tool, which is helping us identify the scale of the workforce challenge in Wales. 'We're already seeing hiring difficulties—80% of employers reported challenges recruiting staff—and an ageing workforce, with the proportion of workers over 60 rising from 11% to 14.6% in just three years. 'Meanwhile, the share of workers under 30 dropped from 18% to just 12.1%. That's a troubling trend.' Mr Hockey called for a collaborative approach involving government, employers, training providers and industry bodies to plug the skills gap and grow the future workforce. 'By investing in people and working together to bring new talent into the sector while upskilling existing staff, the industry can rise to the challenge and help Wales meet its net zero goals.' The Labour Forecasting Tool and full census findings can be viewed online at:
Scotsman
09-06-2025
- Business
- Scotsman
Engineering construction workforce in Scotland to grow by a quarter by 2030
New research published today reveals that the engineering construction industry (ECI) workforce in Scotland could increase by 24% in the next five years. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... The ECI plays a crucial role in the UK meeting its net zero ambitions, spanning sectors that focus on the construction, maintenance and decommissioning of heavy industry, including oil and gas, nuclear, power generation, renewables, chemicals, carbon capture and storage, hydrogen and water treatment. The Engineering Construction Industry Training Board's (ECITB) Labour Forecasting Tool (LFT) provides insights into workforce numbers across regions and sectors, predicting trends and potential future demand for workers in the industry. Advertisement Hide Ad Advertisement Hide Ad The tool, which was first launched in November 2023, has been updated using findings from the ECITB 2024 Workforce Census and publicly stated timescales on 3,000 active and future ECI projects across Great Britain. The ECITB's Labour Forecasting Tool predicts trends and potential future demand for workers in industry The ECITB's latest forecast states that the size of the ECI workforce in Scotland could grow by 3,000 by 2030, with mechanical engineers, project managers and project engineers among the roles most in demand. It states that while the oil and gas workforce is projected to decline, sectors such as renewables, nuclear, hydrogen, and carbon capture & storage are set to grow. The overall picture of future labour needs in Britain highlights that the size of the ECI workforce could total more than 135,000 workers in five years' time to meet demand, an increase of 19% on the current number of workers in industry. Advertisement Hide Ad Advertisement Hide Ad The tool previously stated that demand across industry would peak in 2028, but this has now shifted to 2030 due to delays in some projects coinciding with other planned activity, as well as a potential wave of retirements in key roles. The revised predictions were possible thanks to a record response rate from industry employers for the latest iteration of the ECITB Workforce Census. The ECITB Workforce Census 2024 offered a comprehensive overview of the ECI workforce in Scotland, having gathered data on more than 16,000 workers, covering distribution across sectors, demographic trends, hiring challenges and business opportunities. ECITB Chief Executive Andrew Hockey said: 'A key objective of the Foundations pillar of our Leading Industry Learning strategy is to produce impactful labour market intelligence to enable data-driven decision-making. Advertisement Hide Ad Advertisement Hide Ad 'The significant Census response rate enabled the ECITB to provide more precise, up-to-date data for the benefit of industry. It allows us to improve the LFT to help make better predictions on future workforce trends and labour demands in Scotland. 'The updates to the LFT reinforce the scale of the challenges facing industry that were outlined in our Workforce Census Report, which revealed that 81% of ECI employers in Scotland are experiencing challenges hiring workers. 'It also highlighted that the share of workers over 60 in Scotland had increased from 8% to 16.2% since 2021. 'We recognise that addressing skills shortages in Scotland requires a collaborative, multi-agency approach that includes employers, governments, training providers and the ECITB. Advertisement Hide Ad Advertisement Hide Ad 'So, we're calling on all of industry to work together to help increase the pool of people joining the ECI, while continuing to train and upskill existing workers.
