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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 (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 (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.