Revenue: As of FY2025 Q3, the actual value is USD 160.63 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>Interest Expense: $124,047 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: $150 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>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>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><li>Quarterly Economic Return on Adjusted Book Value: 3.41%.</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 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>Acquisition of Constructive Loans, LLC: Acquired the remaining 50% ownership interest, enhancing the business purpose loan origination platform.</li><li>New Single-Family Residential Investments: $2.3 billion, 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>Adamas Trust, Inc. marked its highest level of quarterly investment activity since inception, expanding the investment portfolio by $1.8 billion. The company aims to focus on assets with greater earnings durability, which has allowed for a meaningful increase in the quarterly dividend. Additionally, Adamas Trust deepened relationships across the investment ecosystem with the acquisition of the remaining 50% interest in a market-leading business purpose loan origination platform. Adamas Trust, Inc. plans to continue investing in its core strategies, particularly in Agency RMBS and BPLs, to drive earnings growth. The company aims to utilize its excess liquidity to capitalize on opportunities during periods of market volatility.

ADAMAS TRUST INC. 9.125% NTS 01/04/2030 USD25 | 8-K: FY2025 Q3 Revenue: USD 160.63 M