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AI brief of an SEC Form 8-K · Adamas Trust (ADAM)

New York Mortgage Trust Q3 loss widens to $1.04 per share from $0.41 in Q2

Negative Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyAdamas Trust (ADAM)
Form8-K, current report
Filed with the SECNov 1, 2023, 4:17 PM ET
Accession number0001273685-23-000101

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 01, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.