For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Investment securities available for sale-Investment Securities Availablefor Sale At Fair Value | 97,221 | 54,042* | 87,565 | |
| Total Residential Mortgage Loans Excluding Held For Sale-Total Residential Mortgage Loans Excluding Held For Sale | 68,239 | 64,293* | 66,734 | |
| Residential Mortgage Loans Held For Sale-Residential Mortgage Loans Held For Sale | 3,411 | -1,203* | 2,149 | |
| Multi Family Loans-Multi Family Loans | 1,632 | 2,258* | 2,090 | |
| Other-Other Receivables | 1,562 | 659* | 2,095 | |
| Interest income | 172,065 | 120,049* | 160,633 | |
| Interest expense | 123,654 | 80,506* | 124,047 | |
| Total net interest income | 48,411 | 39,543* | 36,586 | |
| Rental income | 12,625 | 16,225* | 16,600 | |
| Other real estate income | 1,943 | 2,797* | 2,504 | |
| Total income from real estate | 14,568 | 19,022* | 19,104 | |
| Interest expense, mortgages payable on real estate | 3,821 | 5,354* | 5,409 | |
| Depreciation and amortization | 4,623 | 5,317* | 5,936 | |
| Other real estate expenses | 8,726 | 9,134* | 11,637 | |
| Total expenses related to real estate | 17,170 | 19,805* | 22,982 | |
| Total net loss from real estate | -2,602 | -783* | -3,878 | |
| Loss on reclassification of disposal group | 0 | 0* | 0 | |
| Realized losses, net | -10,680 | -48,598* | -5,610 | |
| Unrealized gains, net | -62,568 | 52,839* | 54,852 | |
| (losses) gains on derivative instruments, net | 87,814 | -19,285* | -13,006 | |
| Mortgage banking activities, net | 15,330 | -15,688* | 14,103 | |
| (gain) income from equity investments | 721 | 1,617* | -1,595 | |
| Impairment of real estate | 2,231 | 4,910* | 1,619 | |
| Other income | 52,561 | 12,072* | 1,479 | |
| Total other income (gain) | 80,947 | -21,953* | 48,604 | |
| General and administrative expenses | 24,487 | 2,609* | 23,349 | |
| Portfolio operating expenses | 6,137 | 7,770* | 6,747 | |
| Loan origination costs | 4,025 | -3,263* | 3,788 | |
| Financing transaction costs | 5,382 | -9,650* | 7,941 | |
| Total general, administrative and operating expenses | 40,031 | -2,534* | 41,825 | |
| Income (loss) from operations before income taxes | 86,725 | 19,341* | 39,487 | |
| Income tax (benefit) expense | 159 | 1,039* | -298 | |
| Net income (loss) | 86,566 | 18,302* | 39,785 | |
| Net gain attributable to non-controlling interests | 37,965 | 3,714* | -5,035 | |
| Net income (loss) attributable to company | 48,601 | 14,588* | 44,820 | |
| Preferred stock dividends | 11,704 | 11,588* | 12,118 | |
| Gain on repurchase of preferred stock | - | 0* | - | |
| Net income (loss) attributable to company's common stockholders | 36,897 | 3,000 | 32,702 | |
| Basic EPS | 0.41 | 0.033 | 0.36 | |
| Diluted EPS | 0.4 | 0.033 | 0.36 | |
| Basic Average Shares | 90,353,000 | 90,448,000 | 90,406,000 | |
| Diluted Average Shares | 92,060,000 | 91,406,000 | 91,614,000 | |
ADAMAS TRUST, INC. (ADAML)
ADAMAS TRUST, INC. (ADAML)