Adamas Trust invests in residential mortgages and mortgage-backed securities, and its Constructive business originates loans for property investors. Interest, loan activity and financing together shape earnings available for its common dividend.
Business
Mortgage REIT
Listing
ADAM · NASDAQ
Reporting period
2026-06-30
Dividend schedule
Quarterly
How the business works
Adamas earns mortgage interest through its investment portfolio and has a loan-origination business called Constructive. Funding costs, credit results, operating costs and preferred dividends shape the earnings left for common shareholders. Its reported earnings available for distribution, or EAD, is the measure to compare with a matching regular dividend.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Earnings available for distribution per share$0.30
Apr 1, 2026 to Jun 30, 2026
Dividend yield15.36%Current regular dividend rate divided by the 2026-10-23 closing price.Earnings yield13.57%2025 Q3 through 2026 Q2 earnings divided by the dated closing price.Trailing four-quarter earnings$1.062025 Q3 through 2026 Q2; Earnings available for distribution per share.Annual dividend rate$1.20The latest regular payment rate expressed over a year. Extra dividends are excluded; future payments can change.Reported annual coverage110.42%Earnings and regular dividends from 2025 Q3 through 2026 Q2.
Dividend payment history
Date or month
Per share
Sep 22, 2026 (ex-dividend)
$0.30
Jun 23, 2026 (ex-dividend)
$0.27
Mar 30, 2026 (ex-dividend)
$0.23
Dec 22, 2025 (ex-dividend)
$0.23
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Earnings available for distribution per basic common share$0.3000
June-quarter EAD was $0.30 per common share against the $0.27 regular dividend declared for that quarter. The subsequent $0.30 dividend belongs to September’s quarter and should be tested against that quarter’s EAD when available.
Property rent or mortgage-related income, less operating and financing costs, supplies cash resources. Realized gains, noncash accounting and taxable income can differ materially from cash available for dividends.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
At 2026-06-30, Adamas Trust, Inc. reported $12.964 billion of total assets and $11.492 billion of total liabilities.
Liabilities represented 88.6% of reported assets. This broad balance-sheet measure includes more than borrowing and must not be read as a debt-to-equity ratio. Funding costs and asset losses can both reduce the earnings available to shareholders.
For 2026-04-01 to 2026-06-30, Adamas Trust, Inc. reported $55.182 million of gaap net income.
Each bar is a separately reported statement measure for the same quarter; the bars are not additive. GAAP net income is not substituted for distributable earnings or funds from operations. A maintained dividend must be assessed against the company’s relevant recurring earnings measure and financing requirements.
Adamas Trust, Inc. reported $0.4700 per share for 2026-04-01 to 2026-06-30, measured as Reported GAAP diluted earnings per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Income and capital are exposed to mortgage credit losses, financing liquidity and valuation changes.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Higher borrowing costs or reduced access to capital can weaken cash available to common shareholders.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Start with September-quarter EAD and its $0.30 regular dividend. Then read mortgage income, funding costs and book value to understand what changed behind the payment.
Fly High context
Adamas has recently paired growing mortgage earnings with a higher common payment. June's dividend was covered by its matching EAD, but the new rate has not yet had a matching earnings test. That is the next useful checkpoint, with book value helping us see what happened to capital along the way.
Public Research notes and limitations
Earnings available for distribution is a non-GAAP measure, separate from GAAP diluted EPS. Comparable EAD history begins in Q1 2025; older GAAP results are not substituted.
The annualized latest-quarter estimate is not a forward forecast. Future earnings and dividends may change.
Dividend chart periods identify the declared quarter, not cash payment dates. The newly declared $0.30 dividend is payable October 28, 2026.
Formerly New York Mortgage Trust, ticker NYMT. Historical prices belong to the same common security; preferred shares are excluded.
