Adamas Trust, Inc. Reports Second Quarter 2026 Results

Adamas Trust, Inc. reported its financial results for the second quarter ended June 30, 2026. The company saw a 36.4% year-over-year increase in earnings available for distribution (EAD) per common share, reaching $0.30, and a 3.4% quarter-over-quarter increase. Book value per share rose by 1.8% to $10.16, with adjusted book value per share increasing by 2.3% to $11.05. Total net interest income grew by 3.7% quarter-over-quarter to $50.2 million. The company declared a common stock dividend of $0.27 per share. In terms of business highlights, Adamas Trust acquired $1.5 billion in new single-family residential investments, expanding its Agency investment portfolio to $7.2 billion. The business purpose loan (BPL) portfolio grew to $2.3 billion. The company also issued $521.2 million in BPL-Rental securitizations and increased its warehouse capacity to $3.7 billion. Looking ahead, management expressed confidence in the company's business model and strategy execution for driving shareholder value.