Adamas Trust, Inc. reported significant financial performance improvements in its latest 10-Q filing for the quarter ending June 30, 2026. The company achieved a net income attributable to common stockholders of $43.4 million, or $0.48 per share, compared to a net loss of $3.5 million for the same period in 2025. For the six months ended June 30, 2026, net income attributable to common stockholders was $80.3 million, or $0.89 per share, up from $26.8 million in the prior year. The increase in profitability was primarily driven by a rise in net interest income, which reached $50.2 million for the quarter, a 38% increase from $36.4 million in the previous year.

The company’s total assets grew to approximately $13.0 billion as of June 30, 2026, up from $12.6 billion at the end of 2025. This growth was fueled by strategic investments, including $1.5 billion in new single-family residential investments during the quarter, which included $798.3 million in Agency investments and $632.3 million in business purpose loans. The company also reported a quarterly dividend of $0.27 per share, reflecting an annualized yield of 11.51% as of June 30, 2026.

Adamas Trust has made notable operational changes, including the acquisition of Constructive Loans, LLC, which has enhanced its business purpose lending capabilities. The integration of Constructive has contributed to the company’s earnings, with the subsidiary funding approximately $406.1 million in business purpose loans during the quarter. The company also completed two residential loan securitizations, generating net proceeds of approximately $518.0 million, which were used to repay outstanding repurchase agreements.

In terms of market performance, the company faced challenges due to rising interest rates, which negatively impacted the valuations of many of its assets. However, these effects were mitigated by gains from derivative instruments, which totaled $48.8 million during the quarter. The company’s leverage ratios remained stable, with a Company Recourse Leverage Ratio of 5.5x and a Portfolio Recourse Leverage Ratio of 5.2x as of June 30, 2026. Looking ahead, Adamas Trust aims to continue its disciplined portfolio growth and prudent capital allocation to enhance earnings and stockholder value amidst evolving market conditions.

About ADAMAS TRUST, INC.

New York Mortgage Trust, Inc. is a real estate investment trust focused on acquiring, financing, and managing mortgage-related residential assets, including single-family and multi-family loans, mortgage-backed securities, and credit-sensitive investments. It seeks to generate long-term stable distributions through net interest spreads and capital gains, leveraging diverse funding sources and strategic asset management in the U.S. housing and credit markets.

This description was generated via AI from an annual report. Updated about 1 year ago.

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