Adamas Trust, Inc. Reports First Quarter 2026 ResultsNEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Adamas Trust, Inc. (Nasdaq: ADAM) (“Adamas,” the “Company,” “we,” “our” or “us”) today reported results for the three months ended March 31, 2026. Financial Highlights: GAAP basic earnings per share of $0.41 Earnings available for distribution (or "EAD") (1) per common share of $0.29, up 45% year-over-year and 26% quarter-over-quarter, reflecting continued portfolio expansion and earnings momentum Quarterly economic return (2) of 6.35%; Quarterly economic return on adjusted book value (1)(2) of 3.76% Book value per share of $9.98, up 4.0% quarter-over-quarter Adjusted book value (1) per share of $10.80, up 1.6% quarter-over-quarter Total net interest income of $48.4 million, up 12.1% quarter-over-quarter; Total adjusted net interest income (1) of $48.2 million, up 3.9% quarter-over-quarter Declared first quarter common stock dividend of $0.23 per share, representing a 12.50% annualized yield (3) Cumulative stockholder return (4) of 4.06% for the quarter; 28.58% over the last twelve months Company Recourse Leverage Ratio of 5.2x; Portfolio Recourse Leverage Ratio of 4.9x Management Update To Our Stockholders Jason Serrano, Chief Executive Officer, commented: “Adamas delivered strong first quarter results, with continued growth in earnings and book value despite a volatile macro environment.
GlobeNewsWire4/29/2026Neutral