Quarterly ResultApr 29, 2026, 04:45 PM
ADAM Q1 EPS $0.41; EAD $0.29 (+45% YoY); Book Value $9.98
AI Summary
Adamas Trust, Inc. reported strong first quarter 2026 results, with GAAP basic EPS of $0.41 and Earnings Available for Distribution (EAD) per common share of $0.29, marking a 45% year-over-year and 26% quarter-over-quarter increase. The company's book value per share rose 4.0% quarter-over-quarter to $9.98. Adamas also declared a common stock dividend of $0.23 per share, acquired $1.0 billion in new residential investments, and repurchased 612,464 shares.
Key Highlights
- GAAP basic EPS of $0.41.
- EAD per common share of $0.29, up 45% YoY and 26% QoQ.
- Book value per share increased 4.0% QoQ to $9.98.
- Total net interest income was $48.4 million, up 12.1% QoQ.
- Declared Q1 common stock dividend of $0.23 per share.
- Acquired $1.0 billion in new single-family residential investments.
- Repurchased 612,464 shares of common stock at $8.17 per share.
- Issued $90.0 million senior unsecured notes and redeemed $100.0 million notes.