Every material Form 8-K Adamas Trust filed with the SEC in 2026, 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.
Adamas Trust reported a third-quarter 2026 GAAP net loss attributable to the company of $159.1 million, or $1.89 per basic share, as book value per share fell 21.9% to $7.93, which management said was primarily driven by lower valuations of Agency mortgage securities amid rising rates and volatility. Earnings available for distribution rose 25% year over year to $0.30 per share, and the company declared a $0.30 common dividend, up 11.1% from the prior quarter. The mixed results matter to shareholders because the GAAP loss and falling book value weigh against higher distributable earnings and a larger dividend.
GAAP basic loss per share of $1.89; net loss attributable to the company of $159.1 million for the quarter
Earnings available for distribution of $0.30 per share, up 25% year over year; quarterly economic return of (19.00)%
Book value per share of $7.93, down 21.9% quarter over quarter; adjusted book value per share of $8.88, down 19.6%
Common stock dividend raised to $0.30 per share, an 11.1% increase quarter over quarter
Adamas Trust reported second quarter 2026 results, with earnings available for distribution of $0.30 per share, up 36.4% from a year earlier, and GAAP basic earnings of $0.48 per share. Net income attributable to common stockholders was $43.4 million, compared with a loss of $3.5 million in the second quarter of 2025. The company also raised its quarterly common dividend to $0.27 per share.
EAD per common share of $0.30, up 36.4% year-over-year and 3.4% quarter-over-quarter
GAAP basic earnings per share of $0.48; net income attributable to common stockholders of $43.4 million versus a $3.5 million loss a year earlier
Book value per share of $10.16, up 1.8% quarter-over-quarter; adjusted book value per share of $11.05, up 2.3%
Common dividend raised to $0.27 per share, an increase of 17.4%; subsequent to quarter end, a $341 million BPL-Rental securitization was priced at a 5.73% effective cost
At its June 11, 2026 annual meeting, Adamas Trust stockholders elected all seven director nominees, approved an advisory say-on-pay vote and a third amendment adding 9,000,000 shares to its 2017 Equity Incentive Plan, and ratified Grant Thornton LLP as auditor. The same day the board declared a $0.27 per share quarterly common dividend payable July 28, 2026, plus preferred dividends for the period ending July 14, 2026. The filing reports no financial results, so the dividend and the expanded equity plan are the main items for shareholders.
Common stock dividend of $0.27 per share, record date June 23, 2026, payable July 28, 2026
Stockholders approved the Third Amendment, adding 9,000,000 shares to the 2017 Equity Incentive Plan and raising the non-employee director annual compensation limit to $750,000
All seven directors elected; Steven R. Mumma reappointed Chairman and Lisa A. Pendergast reappointed Lead Independent Director
Board adopted a Deferred Compensation Plan allowing deferral of up to 80% of base salary
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.
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
Adamas Trust reported results for the fourth quarter and full year ended December 31, 2025. Fourth-quarter net income attributable to common stockholders was $41.6 million ($0.46 per share), and full-year net income was $101.1 million ($1.12 per share). Net interest income rose to $43.2 million in the quarter from $26.7 million a year earlier, and the company said quarterly earnings available for distribution increased 44%, though the filing does not state the prior-period figure for that measure.
Q4 2025 earnings available for distribution were $20.4 million, or $0.23 per common share; full-year figure was $80.6 million, or $0.89 per share.
Full-year 2025 net income attributable to common stockholders was $101.1 million, or $1.12 per share.
Book value per common share was $9.60 at December 31, 2025; adjusted book value was $10.63.
Common dividend was $0.23 per share for each of the final two quarters of 2025, and the company board extended its stock repurchase programs to March 31, 2027.
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 →