Revenue: As of FY2025 Q3, the actual value is USD 179.74 M.EPS: As of FY2025 Q3, the actual value is USD 0.36.EBIT: As of FY2025 Q3, the actual value is USD 2.901 M.<h3>Segment Revenue</h3><ul><li>Total investment portfolio increased by $1.8 billion (+20% change QoQ).</li><li>Total adjusted interest income of $150 million (+13% change QoQ).</li><li>Interest Income: $160,633 thousand for the three months ended September 30, 2025.</li></ul><h3>Operational Metrics</h3><ul><li>Earnings per share (basic) of $0.36.</li><li>Earnings Available for Distribution (EAD) per share of $0.24 (+9% change QoQ).</li><li>Book value per share of $9.20 (+1.0% change QoQ).</li><li>Adjusted Book Value per share of $10.38 (+1.2% change QoQ).</li><li>3.51% Quarterly Economic Return.</li><li>3.41% Quarterly Economic Return on Adjusted Book Value.</li><li>Declared third quarter common stock dividend of $0.23 per share (+15% change QoQ).</li><li>Common stock dividend yield of 13.20% (share price as of September 30, 2025).</li><li>Net income attributable to common stockholders was $32.7 million.</li><li>Net Income Attributable to Company’s Common Stockholders: $32,702 thousand for the three months ended September 30, 2025.</li><li>Net Interest Income: $36,586 thousand for the three months ended September 30, 2025.</li><li>Total General, Administrative and Operating Expenses: $41,825 thousand for the three months ended September 30, 2025.</li></ul><h3>Cash Flow</h3><ul><li>Excess liquidity capacity of $424 million, including available cash of $181 million and additional financing of $243 million available for unencumbered/under-levered assets.</li></ul><h3>Unique Metrics</h3><ul><li>Acquired remaining 50% ownership interest in Constructive Loans, LLC, a leading originator of business purpose loans for residential real estate investors.</li><li>Issued $115 million of 9.875% senior unsecured notes due 2030.</li><li>Issued $370 million rated performing and re-performing residential loan securitization with a 5.70% effective cost.</li><li>Issued $275 million rated BPL-Rental securitization with a 5.17% effective cost.</li><li>Company Recourse Leverage Ratio of 5.0x.</li><li>Portfolio Recourse Leverage Ratio of 4.7x.</li><li>Agency Portfolio Recourse Leverage Ratio of 7.8x.</li><li>Credit and Other Portfolio Recourse Leverage Ratio of 0.9x.</li><li>Yield on Average Interest Earning Assets: 6.33% for the three months ended September 30, 2025.</li><li>Net Interest Spread: 1.50% for the three months ended September 30, 2025.</li></ul><h3>Outlook / Guidance</h3><ul><li>Adamas anticipates continued growth of the portfolio, albeit at a lower pace than 3Q 2025.</li><li>Adamas will continue to invest in its core strategies and utilize its excess liquidity to capitalize on opportunities during periods of volatility.</li><li>The targeted profile of Agency purchases remains current coupon specified pools with lower pay-ups.</li><li>The company has increased its quarterly dividend to $0.23 per common share, reflecting a strategic focus on assets with greater earnings durability.</li><li>The acquisition of the remaining 50% interest in a market-leading business purpose loan origination platform is expected to drive earnings available for distribution higher for the sixth consecutive quarter.</li><li>The company aims to continue its disciplined capital rotation strategy to enhance long-term value creation for stockholders.</li></ul>

ADAMAS TRUST INC. 8% SERIS D FXD TO FLOTIG RTE CUM RED PRE | 8-K: FY2025 Q3 Revenue: USD 179.74 M