<span item_type="fundamental" item_id="3edfbcaa6fe4126672a43c5cf5f8b867" counter_id="ST/US/ADAMZ" env="prod"></span><span item_type="announcement" item_id="576986246143611393" env="prod"></span><p>营收：截至 2025 财年 Q3，公布值为 2.28 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>净收入</h3><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></ul><h3>利息收入和支出</h3><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><h3>其他收入</h3><ul><li>其他收入总计 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></ul><h3>总费用</h3><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></ul><h3>投资活动</h3><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><h3>融资活动</h3><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><h3>资本分配</h3><ul><li>截至 2025 年 9 月 30 日，公司资本分配总额为 1,390,777 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><h3>业务部门财务指标</h3><h4>收入</h4><ul><li>第三季度利息收入为 160.6 百万美元。<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><li>房地产收入为 19.1 百万美元。<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>运营指标</h4><ul><li>净利息收入为 36.6 百万美元。<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><li>房地产净亏损为-3.9 百万美元。<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><li>实现损失净额为-5.6 百万美元。<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><li>未实现收益净额为 54.9 百万美元。<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><li>衍生工具净损失为-13.0 百万美元。<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><li>抵押银行活动净收入为 14.1 百万美元。<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><li>股权投资损失为-1.6 百万美元。<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><li>房地产减值损失为-1.6 百万美元。<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><li>其他收入为 1.5 百万美元。<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>现金流</h4><ul><li>可用现金为 181 百万美元。<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>每股基本收益为 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><li>每股分配可用收益（EAD）为 0.24 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><li>每股账面价值为 9.20 美元，环比增长 1.0%。<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>调整后每股账面价值为 10.38 美元，环比增长 1.2%。<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>宣布第三季度普通股股息为每股 0.23 美元，环比增长 15%。<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><h3>展望/指导</h3><ul><li>Adamas 计划继续投资其核心战略，并利用其过剩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><li>Adamas 将继续专注于增加收益，通过资本部署到 Agency RMBS 和 BPLs 来进一步推进其核心战略。<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 Pref Share ADAMZ 7 Perp 01/15/27｜8-K：2025 财年 Q3 营收 2.28 亿美元