Revenue: As of FY2025 Q3, the actual value is USD 228.34 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>Adjusted Interest Income: $149.5 million, a 13% increase QoQ.</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% from the prior quarter 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, with available cash of $181 million and additional financing of $243 million available for unencumbered/under-levered assets.</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>Dividend: Declared a third-quarter common stock dividend of $0.23 per share, a 15% increase QoQ, with a dividend yield of 13.20%.</li><li>Acquisitions: Acquired $2.3 billion of new single-family residential investments, including $1.8 billion of Agency at a 5.27% average coupon and $522 million of business purpose loans (BPLs).</li></ul><h3>Outlook / Guidance</h3><ul><li>The company has focused on expanding its investment portfolio by $1.8 billion, marking its highest level of quarterly investment activity since inception. This strategic capital rotation aims to enhance earnings durability and has resulted in an increased quarterly dividend. Adamas plans to continue investing in its core strategies and utilize its excess liquidity to capitalize on opportunities during periods of volatility. The company anticipates continued growth of its portfolio, albeit at a lower pace than in the third quarter of 2025.</li></ul>

ADAMAS TRUST INC. 9.125% NTS 07/01/29 USD25 | 8-K: FY2025 Q3 Revenue: USD 228.34 M