<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>營收：截至 2025 財年 Q3，公佈值為 2.28 億美元。</p><p>每股收益：截至 2025 財年 Q3，公佈值為 0.36 美元。</p><p>息税前利潤：截至 2025 財年 Q3，公佈值為 2.9 百萬美元。</p><p></p><h3>淨收入</h3><ul><li>公司普通股股東應占淨收入為 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>利息收入為 160,633 千美元，利息支出為 124,047 千美元，淨利息收入為 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>其他收入總計 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>總費用</h3><ul><li>總一般、行政和運營費用為 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>投資活動</h3><ul><li>收購約 18 億美元的機構投資，平均票面利率為 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>收購約 5.257 億美元的住宅貸款，平均毛票面利率為 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>融資活動</h3><ul><li>完成發行總額為 1.15 億美元的 9.875% 高級票據，扣除費用後淨收益約為 1.114 億美元。<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>完成兩次住宅貸款證券化，扣除費用後淨收益約為 6.192 億美元。<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>資本分配</h3><ul><li>截至 2025 年 9 月 30 日，公司資本分配總額為 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>業務部門財務指標</h3><h4>收入</h4><ul><li>第三季度利息收入為 160.6 百萬美元。<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>房地產收入為 19.1 百萬美元。<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>運營指標</h4><ul><li>淨利息收入為 36.6 百萬美元。<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>房地產淨虧損為-3.9 百萬美元。<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>實現損失淨額為-5.6 百萬美元。<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>未實現收益淨額為 54.9 百萬美元。<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>衍生工具淨損失為-13.0 百萬美元。<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>抵押銀行活動淨收入為 14.1 百萬美元。<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>股權投資損失為-1.6 百萬美元。<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>房地產減值損失為-1.6 百萬美元。<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>其他收入為 1.5 百萬美元。<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>現金流</h4><ul><li>可用現金為 181 百萬美元。<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>獨特指標</h4><ul><li>每股基本收益為 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）為 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>每股賬面價值為 9.20 美元，環比增長 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>調整後每股賬面價值為 10.38 美元，環比增長 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>宣佈第三季度普通股股息為每股 0.23 美元，環比增長 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/指導</h3><ul><li>Adamas 計劃繼續投資其核心戰略，並利用其過剩流動性在波動期間抓住機會。<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>預計投資組合將繼續增長，但增速將低於 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 將繼續專注於增加收益，通過資本部署到 Agency RMBS 和 BPLs 來進一步推進其核心戰略。<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 財年 Q3 營收 2.28 億美元