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.



