7/106 sources · 3 publishersUpdated Oct 30, 11:56 UTC
Adamas Trust posts Q3 loss, adjusted earnings beat and 19.6% book‑value drop, prompting price‑target cut
+1 new source since this summary was written
On Oct. 29 2026 Adamas Trust released its third‑quarter 2026 results. The REIT posted a GAAP loss of $1.89 per share while adjusted earnings of $0.30 per share beat expectations of $0.21. Adjusted book value fell 19.6% to $8.88 per share, the dividend was raised 11.1% to $0.30, the TBA short position was cut by roughly 76%, and B.Riley lowered its price target to $7.50.
Why it matters
B.Riley’s reduction of the price target to $7.50 signals a lower valuation for investors. The dividend increase maintains coverage despite the book‑value decline.
Key facts
- 1GAAP net loss of $1.89 per share for Q3 2026. investing.com
- 2Adjusted earnings of $0.30 per share, beating expectations of $0.21. investing.com
- 3Adjusted book value per share fell 19.6% to $8.88. investing.com
- 4Quarterly dividend increased 11.1% to $0.30 per share, yielding about 15.4%. investing.com
- 5TBA short position reduced by approximately 76% by Oct. 26. investing.com
- 6B.Riley lowered price target to $7.50 from $9.50. investing.com
Open questions
- Revenue figure conflict: $181.2M reported vs $11.26M reported.
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.