finance.yahoo.comNOV 12 min read$ADAM

Adamas Trust Inc (ADAM) Q3 2026 Earnings Call Highlights: Book Value Slides

Adamas Trust Inc (ADAM) reported a 19.6% decline in adjusted book value per share to $8.88, driven by mark-to-market losses on agency RMBS holdings. The company increased available cash to $259 million and maintained EAD coverage of its dividend. ADAM implemented a strategic $2.9 billion short TBA position to mitigate risks. Credit performance remained solid, with delinquencies declining. The company sees attractive investment opportunities with mid-to-high teens returns.

Original reporting

finance.yahoo.com

Published Nov 1, 2026, 9:03 AM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Nov 1, 2026, 9:13 AM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

Source · finance.yahoo.com

Decision brief

The 30-second read

$ADAMBearishMed

Why it matters

The earnings miss and book‑value decline dominate the market reaction, likely outweighing the cash‑flow improvements.

Market read

Primary earnings disclosure for a listed REIT; new data likely moves the stock and influences sector sentiment.

What to watch

Reduced leverage and continued liquidity give the company flexibility to capitalize on future agency opportunities.

Relevance 7/10Novelty 8/10Timing: pre‑market today

Background

Adamas Trust Inc (NASDAQ:ADAM) released its Q3 2026 earnings, highlighting both positive liquidity metrics and significant book‑value erosion.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$ADAMBearishHigh confidence

Context

Q3 2026 earnings call disclosed a GAAP net loss of $171M, a 19.6% drop in adjusted book value per share, and a $0.29 per share gain from TBA shorts.

Expected impact

downward pressure as investors price the loss and book‑value erosion

Evidence & confidence

The disclosed loss and sharp book‑value decline are new, material facts that typically trigger sell‑offs in mortgage REITs.

Market effects

Sector

Mortgage REIT sector may face broader pressure from rate volatility and agency portfolio losses.

Regional

U.S. mortgage‑backed‑securities market could see tighter spreads as investors reassess duration risk.

Global

Limited to U.S. REIT investors; no immediate global macro impact.

Counterpoint

What could challenge this read

The $0.29 per share gain from TBA shorts and strong cash position could support a rebound if rate volatility eases.

Key entities

company
Adamas Trust Inc
Mortgage REIT reporting Q3 2026 results.
executive
Nicholas Mah
President providing commentary on portfolio positioning.

Read at source ← All news

NOV 2

$ADAMMedAI 8/10

Adamas (ADAM) Q3 2026 Earnings Call Transcript

Adamas (ADAM) reported a 19.6% decline in adjusted book value to $8.88 per share in Q3 2026 due to rate volatility and wider Agency RMBS spreads. The company increased liquidity, added risk management positions, and maintained dividend coverage. Despite the decline, early Q4 data shows a 4% book value recovery. Management sees improved investment opportunities and expects positive agency RMBS outlook.

finance.yahoo.com3 min

OCT 29

$ADAMHighAI 8/10

Adamas Q3 2026 slides: dividend coverage holds amid 19.6% book value drop

Adamas Trust (ADAM) reported Q3 2026 results with a 19.6% drop in adjusted book value to $8.88 per share, driven by interest rate volatility. Earnings available for distribution matched the $0.30 per share dividend, up 11.1%. GAAP net loss was $1.89 per share, but non-GAAP earnings beat expectations. The stock fell 7.78% in after-hours trading.

investing.com3 min

OCT 28

$ADAMMed

Adamas Trust: Q3 Earnings Snapshot

Adamas Trust (ADAM) reported a Q3 loss of $159.1M, or $1.89 per share, down from a profit last year. Adjusted earnings were 30 cents per share. Revenue was $181.2M, with adjusted revenue at $48.8M. Shares are up 6% YTD and 13% over 12 months, closing at $7.77.

finance.yahoo.com2 min

OCT 28

$ADAMHigh

Adamas Trust, Inc. Reports Third Quarter 2026 Results

ADAMAS TRUST, INC. (ADAM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Adamas Trust, Inc. Reports Third Quarter 2026 Results, Maintains Focus on Disciplined Portfolio Management NEW YORK, October 28, 2026 (GLOBE NEWSWIRE) - Adamas Trust, Inc. (Nasdaq: ADAM) (“Adamas,” the “Company,” “we,” “our” or “us”) today reported results for the three and nine

SEC EDGAR 8-K3 min

JUL 29

$ADAMMed

Adamas Trust, Inc. Reports Second Quarter 2026 Results, Delivers Fourth Consecutive Quarter of Book Value Growth

ADAMAS TRUST, INC. (ADAM) filed an SEC Form 8-K — Results of Operations and Financial Condition. Adamas Trust, Inc. Reports Second Quarter 2026 Results, Delivers Fourth Consecutive Quarter of Book Value Growth NEW YORK, July 29, 2026 (GLOBE NEWSWIRE) - Adamas Trust, Inc. (Nasdaq: ADAM) (“Adamas,” the “Company,” “we,” “our” or “us”) today reported results for the three and si

SEC EDGAR 8-K6 min

NOV 4

$AIZMed

Assurant expects ~10% adjusted EBITDA growth in 2026 and lifts share repurchases to $350M (NYSE:AIZ)

Assurant (AIZ) reported Q3 2026 earnings with 12% adjusted EBITDA and EPS growth, excluding catastrophes. The company expects ~10% adjusted EBITDA growth by 2026 and increased share repurchases to $350M. Both Global Lifestyle and Global Housing segments delivered double-digit earnings growth.

seekingalpha.com1 min