Oct 28, 4:19 PM ET
Adamas Trust reported a third-quarter 2026 GAAP net loss attributable to the company of $159.1 million, or $1.89 per basic share, as book value per share fell 21.9% to $7.93, which management said was primarily driven by lower valuations of Agency mortgage securities amid rising rates and volatility. Earnings available for distribution rose 25% year over year to $0.30 per share, and the company declared a $0.30 common dividend, up 11.1% from the prior quarter. The mixed results matter to shareholders because the GAAP loss and falling book value weigh against higher distributable earnings and a larger dividend.
- GAAP basic loss per share of $1.89; net loss attributable to the company of $159.1 million for the quarter
- Earnings available for distribution of $0.30 per share, up 25% year over year; quarterly economic return of (19.00)%
- Book value per share of $7.93, down 21.9% quarter over quarter; adjusted book value per share of $8.88, down 19.6%
- Common stock dividend raised to $0.30 per share, an 11.1% increase quarter over quarter
Read the filing on SEC.gov ↗
Jul 29, 4:33 PM ET
Adamas Trust reported second quarter 2026 results, with earnings available for distribution of $0.30 per share, up 36.4% from a year earlier, and GAAP basic earnings of $0.48 per share. Net income attributable to common stockholders was $43.4 million, compared with a loss of $3.5 million in the second quarter of 2025. The company also raised its quarterly common dividend to $0.27 per share.
- EAD per common share of $0.30, up 36.4% year-over-year and 3.4% quarter-over-quarter
- GAAP basic earnings per share of $0.48; net income attributable to common stockholders of $43.4 million versus a $3.5 million loss a year earlier
- Book value per share of $10.16, up 1.8% quarter-over-quarter; adjusted book value per share of $11.05, up 2.3%
- Common dividend raised to $0.27 per share, an increase of 17.4%; subsequent to quarter end, a $341 million BPL-Rental securitization was priced at a 5.73% effective cost
Read the filing on SEC.gov ↗
Jun 11, 4:47 PM ET
At its June 11, 2026 annual meeting, Adamas Trust stockholders elected all seven director nominees, approved an advisory say-on-pay vote and a third amendment adding 9,000,000 shares to its 2017 Equity Incentive Plan, and ratified Grant Thornton LLP as auditor. The same day the board declared a $0.27 per share quarterly common dividend payable July 28, 2026, plus preferred dividends for the period ending July 14, 2026. The filing reports no financial results, so the dividend and the expanded equity plan are the main items for shareholders.
- Common stock dividend of $0.27 per share, record date June 23, 2026, payable July 28, 2026
- Stockholders approved the Third Amendment, adding 9,000,000 shares to the 2017 Equity Incentive Plan and raising the non-employee director annual compensation limit to $750,000
- All seven directors elected; Steven R. Mumma reappointed Chairman and Lisa A. Pendergast reappointed Lead Independent Director
- Board adopted a Deferred Compensation Plan allowing deferral of up to 80% of base salary
Read the filing on SEC.gov ↗
Apr 29, 4:18 PM ET
Adamas Trust reported first quarter 2026 results for the three months ended March 31, 2026, with GAAP basic earnings per share of $0.41, up from $0.33 a year earlier, and earnings available for distribution of $0.29 per share, up 45% year over year. The company declared a first quarter common dividend of $0.23 per share, and GAAP earnings per share were below the $0.46 reported for the fourth quarter of 2025.
- GAAP basic EPS was $0.41 versus $0.33 in Q1 2025 and $0.46 in Q4 2025
- Earnings available for distribution were $0.29 per share, up 45% year over year and 26% quarter over quarter
- Total net interest income was $48.4 million, up from $33.1 million a year earlier
- Book value per share was $9.98 and adjusted book value per share was $10.80 at March 31, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.