- Adamis Trust reported **EAD of $0.24 per share** for Q3 2025, marking its sixth consecutive quarterly increase, and raised its **dividend to $0.23 per share**.  **[0001273685_2216018_0]** **[0001273685_2216018_1]** 
- The company's investment portfolio expanded to **$10.4 billion** in Q3 2025, with agency RMBS now comprising **57% of total capital**, nearly tripling its allocation from a year prior.  **[0001273685_2216018_1]** **[0001273685_2216018_2]** 
- Adamis Trust completed the acquisition of the remaining **50% interest in Constructive**, which generated **$14.1 million in mortgage banking income** but resulted in a **$3.8 million net loss** for the segment in Q3 2025 due to transitional integration costs.  **[0001273685_2216018_1]** **[0001273685_2216018_2]** 
- Adjusted book value per share reached **$10.38** at the end of Q3 2025, with an estimated increase of **2.5% to 3%** as of October 28th.  **[0001273685_2216018_2]** **[0001273685_2216018_6]**

Adamis Trust Reports Strong Q3 2025 Results with Earnings Growth and Strategic Acquisitions

- Adamas reported **Earnings per share (basic) of $0.36** and **Earnings Available for Distribution (EAD) per share of $0.24** for Q3 2025, marking the **sixth consecutive quarter of EAD growth**.  **[0001273685_2212662:6]** **[0001273685_2212662:7]** 
- The company's total investment portfolio **increased by $1.8 billion (+20% QoQ)** to **$10.4 billion** in Q3 2025, driven by **$2.3 billion** in new single-family residential investments.  **[0001273685_2212662:6]** **[0001273685_2212662:7]** **[0001273685_2212662:8]** **[0001273685_2212662:9]** **[0001273685_2212662:10]** 
- Adamas declared a **third quarter common stock dividend of $0.23 per share**, representing a **15% increase QoQ**, and acquired the remaining 50% ownership interest in Constructive Loans, LLC.  **[0001273685_2212662:6]** 
- As of September 30, 2025, Adamas' stock price of **$6.97** was discounted by **33%** to its Adjusted Book Value of **$10.38** per share.  **[0001273685_2212662:8]**

Adamas Reports Strong Q3 2025 Earnings with Significant Portfolio Growth and Dividend Increase

- Adamas Trust, Inc. reported **net income attributable to common stockholders of $32.7 million**, or **$0.36 per basic share**, and **Earnings Available for Distribution (EAD) of $0.24 per common share** for the third quarter ended September 30, 2025.  **[1273685_0001273685-25-000086_exhibit991q32025.htm:0]** 
- The company declared a **common stock dividend of $0.23 per share** for Q3 2025, marking a **15% increase quarter-over-quarter**.  **[1273685_0001273685-25-000086_exhibit991q32025.htm:0]** **[1273685_0001273685-25-000086_adamasq32025-supplementa.htm:5]** 
- The total investment portfolio grew by **$1.8 billion** to **$10.4 billion** in Q3 2025, primarily through the acquisition of **$1.8 billion** in Agency investments and **$525.7 million** in residential loans.  **[1273685_0001273685-25-000086_exhibit991q32025.htm:0]** **[1273685_0001273685-25-000086_adamasq32025-supplementa.htm:5]** **[1273685_0001273685-25-000086_adamasq32025-supplementa.htm:6]** 
- Adamas completed the acquisition of the remaining **50% ownership** in Constructive Loans, LLC and issued **$115.0 million** in 9.875% Senior Notes due 2030.  **[1273685_0001273685-25-000086_exhibit991q32025.htm:0]** **[1273685_0001273685-25-000086_adamasq32025-supplementa.htm:5]** 
- As of September 30, 2025, the **book value per common share was $9.20** and the **adjusted book value per common share was $10.38**, with the stock price trading at a **33% discount** to its adjusted book value.  **[1273685_0001273685-25-000086_exhibit991q32025.htm:0]** **[1273685_0001273685-25-000086_adamasq32025-supplementa.htm:6]**

ADAMAS TRUST (ADAM)