Adamas Trust, Inc. reported third-quarter results for 2025, with net income of $32,702 and earnings per share of $0.36. Key developments included acquiring $1.8 billion of Agency investments and increasing common stock dividends to $0.23 per share. The Company’s adjusted book value per common share at the end of the period was $10.38.

The Company’s total investments as of September 30, 2025, amounted to $10,518,504, with Investment Portfolio assets of $6,869,358 and Constructive assets of $160,531. The Company’s allocated capital included Investment securities, residential loans, and multi-family loans, with liabilities totaling $6,511,835.

Adamas Trust’s net interest spread for the three months ended September 30, 2025, was 1.50%. The Company reported adjusted net interest income of $42,752, with a yield on average interest earning assets of 6.33%. The average financing cost was 4.83%, and the net interest spread was 1.50%.

Earnings available for distribution attributable to Company’s common stockholders for the third quarter of 2025 were $21,991, with earnings available for distribution per common share at $0.24. The Company’s management highlighted the strategic investments made during the quarter, leading to increased earnings and a higher quarterly dividend. The momentum in capital rotation and acquisition of Constructive contributed to the positive results.

Adamas Trust’s adjusted book value per common share is calculated at $10.38 as of September 30, 2025. This measure excludes certain non-GAAP items to provide transparency into the Company’s value. Adjusted book value reflects the fair value of the Company’s assets and liabilities, offering investors a clear picture of the Company’s financial position and value.

Read more at GlobeNewswire: Adamas Trust, Inc. Reports Third Quarter 2025 Results