ADAMAS TRUST, INC. reported results for the second quarter of 2026 with higher interest income and a return to net profit versus the year-ago quarter, driven by portfolio growth and increased origination activity.
Financial Highlights
- Revenue: Interest income $174.4M for Q2 2026 vs $140.9M in year-ago quarter (23.8% YoY).
- Net income: Net income attributable to common stockholders $43.4M for Q2 2026 vs $(3.5)M in year-ago quarter (improvement of $46.9M YoY).
- Diluted EPS: $0.47 for Q2 2026 vs $(0.04) in year-ago quarter (+$0.51 YoY).
Business Highlights
- Portfolio growth and mix shift: Investment portfolio grew to roughly $11.7B with increased allocations to Agency RMBS and business‑purpose loans to bolster recurring income.
- Origination scale: Constructive funded $406.1M of business‑purpose loans in Q2, supporting mortgage banking revenue and origination activity.
- Active portfolio management: Completed two residential loan securitizations (about $518M net proceeds) and sold assets to optimize financing and liquidity.
- Earnings momentum and dividends: Strong operating earnings supported a $0.27 quarterly dividend and higher economic-adjusted distributable earnings per share, underpinning recurring distributions.
Original SEC Filing:
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