Every material Form 8-K Adamas Trust has filed with the SEC since May 03, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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
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
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
Adamas Trust reported results for the fourth quarter and full year ended December 31, 2025. Fourth-quarter net income attributable to common stockholders was $41.6 million ($0.46 per share), and full-year net income was $101.1 million ($1.12 per share). Net interest income rose to $43.2 million in the quarter from $26.7 million a year earlier, and the company said quarterly earnings available for distribution increased 44%, though the filing does not state the prior-period figure for that measure.
Q4 2025 earnings available for distribution were $20.4 million, or $0.23 per common share; full-year figure was $80.6 million, or $0.89 per share.
Full-year 2025 net income attributable to common stockholders was $101.1 million, or $1.12 per share.
Book value per common share was $9.60 at December 31, 2025; adjusted book value was $10.63.
Common dividend was $0.23 per share for each of the final two quarters of 2025, and the company board extended its stock repurchase programs to March 31, 2027.
Adamas Trust reported third-quarter 2025 net income attributable to common stockholders of $32.7 million, or $0.36 per share, roughly flat with $32.4 million, or $0.36 per share, a year earlier. Net interest income rose to $36.6 million from $20.2 million, and the company increased its common dividend to $0.23 per share, declared in September 2025.
Q3 2025 net income to common stockholders: $32.7 million, or $0.36 per share, versus $32.4 million, or $0.36 per share, in Q3 2024
Earnings available for distribution: $22.0 million, or $0.24 per share; book value per common share was $9.20 at September 30, 2025
Nine months ended September 30, 2025: net income to common stockholders of $59.5 million, or $0.66 per share, compared with a loss of $62.0 million, or $(0.68) per share, a year earlier
Net interest income of $36.6 million versus $20.2 million a year earlier; common dividend increased to $0.23 per share
New York Mortgage Trust reported a second-quarter 2025 net loss to common stockholders of $3.5 million, or $0.04 per share, which was smaller than the $26.0 million loss a year earlier but reversed a $30.3 million profit in the first quarter. Earnings available for distribution were $0.22 per common share against a $0.20 dividend, and the company disclosed a July 15 acquisition of the remaining 50% of Constructive Loans for about $38.4 million. The filing names the registrant as New York Mortgage Trust (Nasdaq: NYMT), not Adamas Trust (ADAM) as the request stated.
Net loss attributable to common stockholders of $3.5 million, or $(0.04) per share, versus a $26.0 million loss, or $(0.29) per share, in Q2 2024
Earnings available for distribution of $20.0 million, or $0.22 per common share; dividends declared were $0.20 per common share
Net interest income rose to $36.4 million from $19.0 million a year earlier; Q1 2025 net income to common stockholders was $30.3 million, or $0.33 per share
Subsequent events: $90.0 million of 9.875% senior notes due 2030 issued on July 8, 2025; Constructive Loans acquisition completed July 15, 2025
New York Mortgage Trust, Inc. (Nasdaq: NYMT) reported first-quarter 2025 net income attributable to common stockholders of $30.3 million, or $0.33 per share, compared with a loss of $68.3 million, or $0.75 per share, in the first quarter of 2024. Management said increased investment activity drove the improvement and that recurring earnings reached a level consistent with the $0.20 quarterly common dividend. The filing names New York Mortgage Trust, not Adamas Trust as stated in the request, so this summary reflects the filed company.
Net income attributable to common stockholders was $30.3 million, or $0.33 per share, for the quarter ended March 31, 2025, versus a $68.3 million loss, or $0.75 per share, a year earlier.
Net interest income rose to $33.1 million from $17.9 million in the first quarter of 2024.
Book value per common share was $9.37 at March 31, 2025, up from $9.28 at December 31, 2024 but down from $10.21 at March 31, 2024.
In April 2025 the company repurchased 231,200 shares for about $1.5 million, at an average price of $6.50 per share.
New York Mortgage Trust reported a fourth-quarter 2024 net loss attributable to common stockholders of $41.8 million, compared with net income of $31.5 million a year earlier, and a full-year 2024 net loss of $103.8 million. Net interest income rose, but a $131.6 million unrealized loss in the quarter drove the swing to a loss. The filing is from New York Mortgage Trust, Inc. (NYMT), not Adamas Trust, Inc. (ADAM) as named in the request.
Q4 2024 net loss attributable to common stockholders was $41.8 million ($0.46 per share), versus net income of $31.5 million ($0.35 per share) in Q4 2023.
Full-year 2024 net loss was $103.8 million ($1.14 per share), versus a $90.0 million loss ($0.99 per share) in 2023.
Q4 2024 net interest income rose to $26.7 million from $16.8 million a year earlier.
On February 19, 2025, the board extended the common and preferred stock repurchase programs to March 31, 2026, with $189.7 million and $97.6 million remaining available.
New York Mortgage Trust (Nasdaq: NYMT) reported third-quarter 2024 net income attributable to common stockholders of $32.4 million, or $0.36 per share, compared with a loss of $94.8 million, or $1.04 per share, in the same quarter of 2023, and a loss of $26.0 million in the second quarter of 2024. Book value per common share fell to $9.83 from $11.26 a year earlier, and the common dividend was $0.20, down from $0.30. The filing names New York Mortgage Trust, not Adamas Trust as stated in the request.
Net income attributable to common stockholders was $32.4 million, or $0.36 per share, for the quarter ended September 30, 2024, versus a loss of $94.8 million, or $1.04 per share, a year earlier.
Net interest income rose to $20.2 million from $16.8 million in the third quarter of 2023.
Book value per common share was $9.83 at September 30, 2024, down from $11.26 a year earlier; the common dividend was $0.20 per share, down from $0.30.
Management will hold a conference call on Thursday, October 31, 2024, at 9:00 a.m. Eastern Time.
New York Mortgage Trust (Nasdaq: NYMT) reported a second-quarter 2024 net loss attributable to common stockholders of $26.0 million, or $0.29 per share, narrower than the $37.2 million loss a year earlier and the $68.3 million loss in the first quarter. Net interest income rose to $19.0 million from $15.1 million, but book value per common share fell to $9.69 from $12.44 a year earlier, and the common dividend was $0.20 per share versus $0.30. The filing names New York Mortgage Trust as the registrant, not Adamas Trust as stated in the request.
Net loss to common stockholders of $26.0 million ($0.29 per share) for the three months ended June 30, 2024, vs. $37.2 million ($0.41 per share) a year earlier
Net loss to common stockholders of $68.3 million in the first quarter of 2024 ($0.75 per share)
Net interest income of $19.0 million vs. $15.1 million in the second quarter of 2023
Book value per common share of $9.69 at June 30, 2024, down from $10.21 at March 31, 2024 and $12.44 at June 30, 2023; conference call set for August 1, 2024 at 9:00 a.m. Eastern
New York Mortgage Trust (Nasdaq: NYMT) reported a first-quarter 2024 net loss attributable to common stockholders of $68.3 million, or $0.75 per share, compared with net income of $10.5 million, or $0.12 per share, a year earlier. Book value per common share fell to $10.21 from $11.31 at December 31, 2023, and management attributed the decline mainly to impairments in its multi-family joint venture equity investments. The filing names New York Mortgage Trust, not Adamas Trust, and uses ticker NYMT rather than ADAM as the request stated.
Net loss attributable to common stockholders of $68.3 million ($0.75 per share) for the three months ended March 31, 2024, versus net income of $10.5 million ($0.12 per share) in the same quarter of 2023
Total other loss of $57.3 million, including $36.2 million of real estate impairments and $39.4 million of net unrealized losses
Book value per common share of $10.21 at March 31, 2024, versus $11.31 at December 31, 2023; adjusted book value per common share of $11.51
Dividend of $0.20 per common share; earnings conference call scheduled for Thursday, May 2, 2024 at 9:00 a.m. Eastern Time
New York Mortgage Trust (NYMT) reported fourth-quarter 2023 net income attributable to common stockholders of $31.5 million, or $0.35 per basic share, compared with a net loss attributable to the company of $37.6 million in the fourth quarter of 2022. For the full year, it reported a net loss to common stockholders of $90.0 million, or $0.99 per share, and net interest income fell from fourth-quarter 2022 levels. Note: the filing identifies the registrant as New York Mortgage Trust, not Adamas Trust as the request header states.
Q4 2023 net income attributable to common stockholders: $31.5 million, or $0.35 per basic share
Full-year 2023 net loss attributable to common stockholders: $90.0 million, or $0.99 per share
Q4 2023 net interest income: $16.8 million, versus $22.3 million in Q4 2022; full-year impairment of real estate: $89.5 million
Board extended buyback programs to March 31, 2025; $193.2 million of common and $97.6 million of preferred authorization remained available
New York Mortgage Trust, Inc. (Nasdaq: NYMT) reported a third-quarter 2023 net loss attributable to common stockholders of $94.8 million, or $1.04 per share, against a $37.2 million loss in the second quarter. Adjusted book value per common share fell 9.71% to $12.93, which the CEO attributed to lower fixed income valuations and impairment losses on multi-family joint venture equity. Note that the filing is from New York Mortgage Trust, not Adamas Trust as named in the request.
Net loss attributable to common stockholders was $94.8 million ($1.04 per share) for the quarter ended September 30, 2023, versus a $125.8 million loss ($1.33 per share) a year earlier.
Adjusted book value per common share was $12.93, down from $14.32 at June 30, 2023; GAAP book value per common share was $11.26.
Impairment of real estate was $44.2 million in the quarter; dividends declared were $0.30 per common share.
Management will host a conference call on Thursday, November 2, 2023 at 9:00 a.m. Eastern Time.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) reported a second-quarter 2023 net loss attributable to common stockholders of $37.2 million, or $0.41 per share, compared with a net loss of $82.4 million, or $0.86 per share, a year earlier, and net income of $10.5 million in the first quarter of 2023. Book value per common share fell to $12.44 from $12.95 at March 31, 2023, and the common dividend was $0.30, down from $0.40 in prior quarters. The filing header lists Adamas Trust, Inc. (ADAM), but the attached press release and financial tables are for New York Mortgage Trust.
Net loss attributable to common stockholders was $37.2 million, or $0.41 per share, for the quarter ended June 30, 2023, versus $82.4 million, or $0.86 per share, for the same quarter of 2022
Total net interest income was $15.1 million, down from $39.3 million a year earlier and $17.8 million in the first quarter of 2023
Book value per common share was $12.44 at June 30, 2023, compared with $12.95 at March 31, 2023
Dividends declared per common share were $0.30, compared with $0.40 in each of the prior four quarters
New York Mortgage Trust reported first-quarter 2023 net income attributable to common stockholders of $10.5 million, or $0.12 per basic share, compared with a loss of $84.3 million a year earlier. Net interest income fell to $17.8 million from $37.0 million, and book value per common share was $12.95 at March 31, 2023, down from $13.27 at December 31, 2022. The filing header names Adamas Trust (ADAM), but the attached press release and financial tables are for New York Mortgage Trust (Nasdaq: NYMT), so this summary uses those figures.
Net income attributable to common stockholders was $10.5 million ($0.12 basic per share) for the quarter ended March 31, 2023, versus a loss of $84.3 million ($0.89 per share) a year earlier
Total net interest income was $17.8 million, down from $37.0 million in the first quarter of 2022
Book value per common share was $12.95 at March 31, 2023, versus $13.27 at December 31, 2022
The company upsized its common stock repurchase program to $246.0 million and effected a one-for-four reverse stock split on March 9, 2023
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