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>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 billion, representing 63% of the investment portfolio.</li><li>BPL-Rental: $1.183 billion, 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 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><li>Total General, Administrative, and Operating Expenses: $41,825 thousand for the third quarter of 2025.</li></ul><h3>Cash Flow</h3><ul><li>Cash, Cash Equivalents, and Restricted Cash: Totaled $294,568 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 for unencumbered/under-levered assets.</li></ul><h3>Unique Metrics</h3><ul><li>Yield on Average Interest Earning Assets: 6.33% for the third quarter of 2025.</li><li>Net Interest Spread: 1.50% for the third quarter of 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 RMBS at a 5.27% average coupon and $522 million of BPLs.</li></ul><h3>Outlook / Guidance</h3><ul><li>Adamas Trust, Inc. 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 Pref Share ADAMZ 7 Perp 01/15/27 | 8-K: FY2025 Q3 Revenue: USD 228.34 M