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

New York Mortgage Trust posts $30.3 million Q1 profit, or $0.33 per share, versus a loss a year ago

Positive Impact 4 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyAdamas Trust (ADAM)
Form8-K, current report
Filed with the SECApr 30, 2025, 4:13 PM ET
Accession number0001273685-25-000044

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 April 30, 2025.

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.