ADAMAS TRUST, INC.
For the period ended Jul 29, 2026. Filed Jul 29, 2026.
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Jul 29, 2026 · Filed Jul 29, 2026
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ADAM$5.69-3.9%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · (Dollar amounts in thousands, except per share data)
(Dollar amounts in thousands, except per share data)
(unaudited)
| For the Three Months Ended | |||||
|---|---|---|---|---|---|
| June 30, 2026 | March 31, 2026 | December 31, 2025 | September 30, 2025 | June 30, 2025 | |
| Interest income | $174,393 | $172,065 | $170,680 | $160,633 | $140,901 |
| Interest expense | 124,184 | 123,654 | 127,510 | 124,047 | 104,454 |
| Total net interest income | 50,209 | 48,411 | 43,170 | 36,586 | 36,447 |
| Total net loss from real estate | (2,289) | (2,602) | (3,292) | (3,878) | (3,014) |
| Total other income (loss) | 45,158 | 80,947 | 52,568 | 48,604 | (9,264) |
| Total general, administrative and operating expenses | 40,012 | 40,031 | 36,123 | 41,825 | 19,890 |
| Income from operations before income taxes | 53,066 | 86,725 | 56,323 | 39,487 | 4,279 |
| Income tax expense (benefit) | 13 | 159 | (44) | (298) | (161) |
| Net income | 53,053 | 86,566 | 56,367 | 39,785 | 4,440 |
| Net loss (income) attributable to non-controlling interests | 2,129 | (37,965) | (2,840) | 5,035 | 4,106 |
| Net income attributable to Company | 55,182 | 48,601 | 53,527 | 44,820 | 8,546 |
| Preferred stock dividends | (11,758) | (11,704) | (11,922) | (12,118) | (12,032) |
| Net income (loss) attributable to Company's common stockholders | 43,424 | 36,897 | 41,605 | 32,702 | (3,486) |
| Basic earnings (loss) per common share | $0.48 | $0.41 | $0.46 | $0.36 | $(0.04) |
| Diluted earnings (loss) per common share | $0.47 | $0.40 | $0.45 | $0.36 | $(0.04) |
| Weighted average shares outstanding - basic | 89,979 | 90,353 | 90,399 | 90,406 | 90,324 |
| Weighted average shares outstanding - diluted | 92,348 | 92,060 | 91,986 | 91,614 | 90,324 |
| Yield on average interest earning assets (1) | 6.03% | 6.07% | 6.23% | 6.34% | 6.48% |
| Net interest spread (1) | 1.48% | 1.44% | 1.53% | 1.51% | 1.50% |
| Earnings available for distribution attributable to Company's common stockholders (1) | $27,127 | $26,423 | $20,414 | $21,991 | $20,024 |
| Earnings available for distribution per common share - basic (1) | $0.30 | $0.29 | $0.23 | $0.24 | $0.22 |
| Book value per common share | $10.16 | $9.98 | $9.60 | $9.20 | $9.11 |
| Adjusted book value per common share (1) | $11.05 | $10.80 | $10.63 | $10.38 | $10.26 |
| Dividends declared per common share | $0.27 | $0.23 | $0.23 | $0.23 | $0.20 |
| Dividends declared per preferred share on Series D Preferred Stock | $0.50 | $0.50 | $0.50 | $0.50 | $0.50 |
| Dividends declared per preferred share on Series E Preferred Stock | $0.65 | $0.65 | $0.68 | $0.70 | $0.69 |
| Dividends declared per preferred share on Series F Preferred Stock | $0.43 | $0.43 | $0.43 | $0.43 | $0.43 |
| Dividends declared per preferred share on Series G Preferred Stock | $0.44 | $0.44 | $0.44 | $0.44 | $0.44 |
(1)Represents a non-GAAP financial measure. A reconciliation of the Company's non-GAAP financial measures to their most directly comparable GAAP measure is included below in "Reconciliation of Financial Information."
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