Adamas Trust Reports Strong Q3 2025 Earnings
Adamas Trust, Inc. reported strong Q3 2025 earnings with a net income of $32.7 million, or $0.36 per share. Key highlights include net interest income of $36.6 million, a book value per share of $9.20, and an adjusted book value of $10.38. The company acquired $1.8 billion in Agency investments and issued $115 million in senior notes. The common stock dividend was increased to $0.23 per share. Adamas Trust's strategic focus on durable earnings and capital rotation has led to higher earnings for six consecutive quarters, with plans to continue leveraging its investment platform for future growth.
Adamas Trust, Inc., an internally managed real estate investment trust (REIT), focuses on strategically deploying capital across complementary businesses to generate durable earnings and long-term value for stockholders through disciplined portfolio management and an operating platform designed to capture opportunities across real estate and capital markets.
In its third-quarter 2025 earnings report, Adamas Trust, Inc. announced a net income of $32.7 million attributable to common stockholders, translating to $0.36 per share. The company reported a net interest income of $36.6 million and a net interest spread of 1.50%, alongside a book value per common share of $9.20 and an adjusted book value of $10.38.
Key financial highlights include the acquisition of $1.8 billion in Agency investments and $525.7 million in residential loans. The company also completed the issuance of $115 million in senior notes and two securitizations of residential loans, generating $619.2 million in net proceeds. Additionally, Adamas increased its common stock dividend to $0.23 per share, reflecting a strategic focus on assets with greater earnings durability.
Adamas Trust’s strategic activities during the quarter, including the acquisition of the remaining 50% interest in Constructive Loans, LLC, underscore its commitment to long-term value creation. The company’s disciplined capital rotation and expanded investment portfolio have contributed to higher earnings available for distribution for the sixth consecutive quarter.
Looking ahead, Adamas Trust’s management remains focused on leveraging its investment platform to capture opportunities across real estate and capital markets, aiming to sustain its momentum in delivering durable earnings and value for its stockholders.
