<span item_type="fundamental" item_id="3edfbcaa6fe4126672a43c5cf5f8b867" counter_id="ST/US/ADAMH" env="prod"></span><span item_type="announcement" item_id="576986246248470017" 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>财务数据概览</h3><h4>净收入</h4><ul><li>公司普通股股东净收入为 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><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></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></ul><h4>运营前收入</h4><ul><li>税前运营收入为 39,487 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>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></ul><h4>资本分配</h4><ul><li>投资证券可供出售和 TBAs 的投资组合价值为 6,869,358 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>收入</h4><ul><li>第三季度利息收入为 1.606 亿美元，来自房地产的收入为 1910 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 3660 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>来自房地产的净亏损为-390 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>实现的净亏损为-560 万美元，主要与止赎物业的损失和非执行商业目的桥梁贷款的折扣还款有关。<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>未实现的净收益为 5485.2 万美元，主要由于利差收紧和利率下降。<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>衍生工具的净损失为-1300.6 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>公司总投资组合增加了 18 亿美元，环比增长 20%。<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>公司发行了 3.7 亿美元的评级住宅贷款证券化，成本为 5.70%。<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>前景展望</h4><ul><li>Adamas 计划继续投资其核心战略，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，但速度将低于 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 INC. 9.875% NTS 01/10/2030 USD25｜8-K：2025 财年 Q3 营收 2.28 亿美元