Adamas Trust Delivers Strong Q2 2026: EAD Climbs 36% YoY, Book Value Expands, Dividend Lifted
ADAM sits 44% above its 52-week low of $6.16.
Summary
Adamas Trust reported Q2 2026 EAD of $0.30 per share, a 36% YoY increase, alongside book value growth and a dividend hike. Heavy investment activity and successful securitizations highlighted the quarter, reinforcing earnings momentum and capital resilience.
Key Events · Earnings and Guidance · ADAM
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EAD Surges 36% YoY
Earnings available for distribution (EAD) per share reached $0.30, up 36.4% from $0.22 a year ago, reflecting portfolio growth and wider net interest spreads.
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Book Value and Dividend Growth
Book value per share increased to $10.16 (up 1.8% QoQ), and the quarterly common dividend was raised 17.4% to $0.27 per share, an 11.5% annualized yield.
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Record Investment Activity
Acquired $1.5 billion in new single-family residential investments, including $798 million in Agency assets and $632 million in business purpose loans, expanding the portfolio to $11.7 billion.
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Strong Securitization and Liquidity
Issued $521 million in BPL-Rental securitizations at a 5.48% effective cost and increased warehouse capacity by $250 million to $3.7 billion, with excess liquidity of $400 million.
Analysis · ADAM · Real Estate & Construction
A robust second quarter saw Adamas Trust's earnings available for distribution (EAD) per share jump 36% year-over-year to $0.30, fueled by aggressive portfolio expansion and wider net interest spreads. Book value per share advanced to $10.16, and management raised the common dividend by 17.4% to $0.27—a clear signal of confidence in the earnings trajectory. The period featured $1.5 billion in new single-family investments and $521 million in BPL-Rental securitizations, all while leverage stayed within a manageable range. These results underscore the company's growth momentum and its ability to generate strong risk-adjusted returns across a diversified platform.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 35.7% of the 1024 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ADAM was trading at $8.90 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $777.3M. The 52-week trading range was $6.16 to $9.59. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.