<span item_type="fundamental" item_id="3edfbcaa6fe4126672a43c5cf5f8b867" counter_id="ST/US/ADAMN" env="prod"></span><span item_type="announcement" item_id="576986246160387201" env="prod"></span><p>营收：截至 2025 财年 Q3，公布值为 1.8 亿美元。</p><p>每股收益：截至 2025 财年 Q3，公布值为 0.36 美元。</p><p>息税前利润：截至 2025 财年 Q3，公布值为 2.9 百万美元。</p><p></p><h3>财务数据和展望总结</h3><h4>净收入</h4><ul><li>公司普通股股东应占净收入为 32,702 千美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>净利息收入为 36,586 千美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>归属于普通股股东的净收入为 3270 万美元，每股收益 0.36 美元。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li></ul><h4>利息收入和支出</h4><ul><li>利息收入为 160,633 千美元，利息支出为 124,047 千美元，净利息收入为 36,586 千美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li></ul><h4>其他收入</h4><ul><li>其他收入为 48,604 千美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>其他收入为 4860 万美元，贡献每股收益 0.54 美元。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li></ul><h4>总费用</h4><ul><li>总一般、行政和运营费用为 41,825 千美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>总费用为 4180 万美元，贡献每股亏损 0.46 美元。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li></ul><h4>投资活动</h4><ul><li>收购约 18 亿美元的机构投资，平均票面利率为 5.27%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>收购约 5.257 亿美元的住宅贷款，平均毛票面利率为 8.81%。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li></ul><h4>融资活动</h4><ul><li>完成发行总额为 1.15 亿美元的 9.875% 高级票据，扣除费用后净收益约为 1.114 亿美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>完成两次住宅贷款证券化，扣除费用后净收益约为 6.192 亿美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li></ul><h4>现金流</h4><ul><li>现金及现金等价物为 185,285 千美元。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>可用现金为 1.81 亿美元，额外融资能力为 2.43 亿美元。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li></ul><h4>独特指标</h4><ul><li>每股分配收益（EAD）为 0.24 美元，比上一季度增长 9%。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li></ul><h4>展望/指导</h4><ul><li>公司在第三季度进行了战略性投资组合扩展，投资活动达到公司成立以来的最高水平，推动了季度股息的显著增加。<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/exhibit991q32025.htm"></span></li><li>Adamas 将继续投资于其核心策略，并利用其过剩的流动性在波动期间抓住机会。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li><li>预计投资组合将继续增长，但增速将低于 2025 年第三季度。<span class="superscript" item_id="0" item_type="announcement_file" value="2" url="https://www.sec.gov/Archives/edgar/data/1273685/000127368525000086/adamasq32025-supplementa.htm"></span></li></ul>

ADAMAS TRUST INC. 8% SERIS D FXD TO FLOTIG RTE CUM RED PRE｜8-K：2025 财年 Q3 营收 1.8 亿美元