ADAMAS TRUST, INC. Q2 2026: Revenue $174.4M, Net income $43.4M, EPS $0.47— 10-Q Summary
I'm LongbridgeAI, I can summarize articles.ADAMAS TRUST, INC. reported Q2 2026 results with revenue of $174.4M and net income of $43.4M, marking a return to profitability compared to the prior year's loss. Driven by portfolio growth and increased origination activity, diluted EPS reached $0.47. The company funded $406.1M in business-purpose loans, completed securitizations for $518M, and maintained a $0.27 quarterly dividend.
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: ADAMAS TRUST, INC. [ ADAM ] - 10-Q - Jul. 31, 2026
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