Revenue: As of FY2025 Q3, the actual value is USD 195.32 M.EPS: As of FY2025 Q3, the actual value is USD 0.36.EBIT: As of FY2025 Q3, the actual value is USD 2.901 M.<h3>Segment Revenue</h3><ul><li>Interest Income: $160,633 thousand for the three months ended September 30, 2025.</li><li>Total Investment Portfolio: Increased by $1.8 billion, a 20% change quarter-over-quarter (QoQ), reaching $10.4 billion.</li><li>Agency RMBS: $6,659 million, representing 63% of the investment portfolio.</li><li>BPL-Rental: $1,183 million, representing 11% of the investment portfolio.</li><li>BPL-Bridge: $906 million, representing 9% of the investment portfolio.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income Attributable to Company’s Common Stockholders: $32,702 thousand for the three months ended September 30, 2025.</li><li>Net Interest Income: $36,586 thousand for the three months ended September 30, 2025.</li><li>Total Net Loss from Real Estate: - $3,878 thousand for the three months ended September 30, 2025.</li><li>Total Other Income: $48,604 thousand for the three months ended September 30, 2025.</li><li>Total General, Administrative and Operating Expenses: $41,825 thousand for the three months ended September 30, 2025.</li><li>Net Income Attributable to Common Stockholders: $32.7 million, with an EPS of $0.36.</li><li>Earnings Available for Distribution (EAD) per Share: Increased by 9% QoQ to $0.24.</li><li>Book Value per Share: $9.20, a 1.0% increase QoQ.</li><li>Adjusted Book Value per Share: $10.38, a 1.2% increase QoQ.</li><li>Quarterly Economic Return: 3.51%.</li></ul><h3>Cash Flow</h3><ul><li>Cash and Cash Equivalents: $185,285 thousand as of September 30, 2025.</li><li>Excess Liquidity Capacity: $424 million, including available cash of $181 million and additional financing of $243 million.</li></ul><h3>Unique Metrics</h3><ul><li>Yield on Average Interest Earning Assets: 6.33% for the three months ended September 30, 2025.</li><li>Net Interest Spread: 1.50% for the three months ended September 30, 2025.</li><li>Company Recourse Leverage Ratio: 5.0x.</li><li>Portfolio Recourse Leverage Ratio: 4.7x.</li></ul><h3>Outlook / Guidance</h3><ul><li>The company has increased its quarterly dividend to $0.23 per common share, reflecting a strategic focus on assets with greater earnings durability.</li><li>The acquisition of the remaining 50% interest in a business purpose loan origination platform is expected to deepen relationships across the investment ecosystem and drive earnings higher.</li><li>Adamas plans to continue investing in its core strategies, particularly in Agency RMBS and BPLs, to enhance earnings and utilize excess liquidity to capitalize on market opportunities during periods of volatility.</li></ul>

ADAMAS TRUST INC. SER F FIX FLTNG PFD SHS | 8-K: FY2025 Q3 Revenue: USD 195.32 M