What is Lument Finance Trust's management and incentive fees?

Lument Finance Trust (LFT) reported management and incentive fees of $1.15M in Q4 2025.

How has Lument Finance Trust's management and incentive fees changed year-over-year?

Lument Finance Trust's management and incentive fees decreased by 30.7% year-over-year, from $1.66M to $1.15M.

What is the long-term trend for Lument Finance Trust's management and incentive fees?

Over 4 years (2021 to 2025), Lument Finance Trust's management and incentive fees has grown at a 10.9% compound annual growth rate (CAGR), from $3.04M to $4.60M.

What does management and incentive fees mean?

Fees paid to an external firm to manage the company's investments and operations.

Operating Expenses

Management and incentive fees

Lument Finance Trust Management and incentive fees remained flat by 0.0% to $1.15M in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 30.7%, from $1.66M to $1.15M. Over 4 years (FY 2021 to FY 2025), Management and incentive fees shows an upward trend with a 10.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement

SectionOperating Expenses

CategoryEfficiency

SignalLower is better

VolatilityStable

First reportedQ1 2020

Last reportedQ4 2025Mar 23, 2026

How to read this metric

High fees relative to assets under management may signal inefficient cost structures, while performance-based incentive fees suggest the manager is achieving target returns.

Detailed definition

These are fees paid to an external manager for the day-to-day administration and investment management of the company's...

Peer comparison

Standard for externally managed REITs and investment funds.

Metric ID: operating_expenses_management_and_incentive_fees_821fd2

Historical Data

5 years

	FY'21	FY'22	FY'23	FY'24	FY'25
Value	$3.04M	$4.20M	$4.34M	$6.63M	$4.60M
YoY Change	—	+38.0%	+3.3%	+52.9%	-30.7%

Range$3.04M – $6.63M

CAGR+10.9%

Avg YoY Growth+15.9%

Median YoY Growth+20.7%

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Frequently Asked Questions

What is Lument Finance Trust's management and incentive fees?: Lument Finance Trust (LFT) reported management and incentive fees of $1.15M in Q4 2025.
How has Lument Finance Trust's management and incentive fees changed year-over-year?: Lument Finance Trust's management and incentive fees decreased by 30.7% year-over-year, from $1.66M to $1.15M.
What is the long-term trend for Lument Finance Trust's management and incentive fees?: Over 4 years (2021 to 2025), Lument Finance Trust's management and incentive fees has grown at a 10.9% compound annual growth rate (CAGR), from $3.04M to $4.60M.
What does management and incentive fees mean?: Fees paid to an external firm to manage the company's investments and operations.