Every material Form 8-K Adamas Trust filed with the SEC in 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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Adamas Trust filing is on SEC EDGAR ↗. 8-K briefs of other companies →