Adamas Trust Q1 GAAP EPS rises to $0.41 from $0.33 a year earlier
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.
Key points
- 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
The filing
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 29, 2026.
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.