Earnings ·
Reports Q3 loss of $1.89 per share, raises dividend to $0.30 and issues $90M of 9.6% senior notes
ADAMAdamas Trust, Inc.
Adamas Trust reported a GAAP basic loss per share of $1.89 for the third quarter ended September 30, 2026, driven by unrealized losses on Agency mortgage securities amid rising interest rates and volatility. Earnings available for distribution (EAD) per common share were $0.30, up 25% year-over-year, covering a newly increased quarterly dividend of $0.30 per share. The company acquired $1.6 billion in new single-family residential investments and issued $90 million of 9.600% Senior Notes due 2031. Book value per share declined 21.9% quarter-over-quarter to $7.93, while adjusted book value fell 19.6% to $8.88. Adamas Trust is an internally managed real estate investment trust focused on deploying capital across complementary businesses in the mortgage and credit markets.