Adamas Trust Reports Strong Q1 2026 Results with 45% YoY EAD Growth and Increased Book Value
ADAM sits 42% above its 52-week low of $5.67.
Summary
Adamas Trust reported strong Q1 2026 results with significant EAD growth, increased book value, and strategic capital activities including share repurchases and debt management.
Key Events · Earnings and Guidance · ADAM
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Strong Q1 2026 Financial Performance
GAAP basic earnings per share reached $0.41, and Earnings Available for Distribution (EAD) per common share increased 45% year-over-year and 26% quarter-over-quarter to $0.29.
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Book Value Per Share Growth
Book value per share rose 4.0% quarter-over-quarter to $9.98, with adjusted book value per share increasing 1.6% to $10.80.
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Accretive Share Repurchase Program
The company repurchased 612,464 common shares at an accretive price of $8.17 per share, demonstrating confidence in its valuation.
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Strategic Capital Management
Adamas Trust issued $90.0 million of 9.250% senior unsecured notes due 2031 and redeemed $100.0 million of 5.75% senior unsecured notes due 2026, optimizing its debt structure. It also completed a $310.4 million BPL-Rental securitization.
Analysis · ADAM · Real Estate & Construction
Adamas Trust, Inc. delivered robust first-quarter 2026 financial results, demonstrating continued operational strength and effective capital management. The company reported a significant 45% year-over-year and 26% quarter-over-quarter increase in Earnings Available for Distribution (EAD) per common share to $0.29, well exceeding its $0.23 common stock dividend. This strong performance is complemented by a 4.0% quarter-over-quarter rise in book value per share to $9.98 and a 1.6% increase in adjusted book value per share to $10.80. The company also actively managed its capital structure by repurchasing 612,464 common shares at an accretive price of $8.17 per share, issuing $90.0 million in new senior unsecured notes, and redeeming $100.0 million in older notes. These actions, alongside the acquisition of $1.0 billion in new single-family residential investments, underscore a disciplined strategy aimed at generating durable earnings and long-term stockholder value, building on the strong financial turnaround reported in FY2025.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 36.7% of the 1075 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.60%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, ADAM was trading at $8.05 on NASDAQ in the Real Estate & Construction sector, with a market capitalization of approximately $701.2M. The 52-week trading range was $5.67 to $8.76. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.