Adamas Trust Q1 net interest income rises 12%

Adamas Trust

29/04/2026 21:29

Overview

U.S. real estate investment trust's Q1 net interest income rose 12% quarter-over-quarter

GAAP basic EPS was $0.41; earnings available for distribution per share up 45% yr/yr

Book value per share increased 4% from prior quarter

Outlook

Company did not provide specific guidance for the current quarter or full year

Result Drivers

PORTFOLIO EXPANSION - Co said continued expansion in Agency RMBS and business purpose loans drove earnings growth

CONSTRUCTIVE PLATFORM - Co cited meaningful contribution and operating leverage from Constructive loan origination platform

DIVERSIFIED STRATEGY - Co attributed stable book value and expanded earnings to diversified strategy pairing Agency RMBS with credit and origination business

Company press release: ID:nGNX5tppQC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Interest Income
$48.41 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Adamas Trust Inc is $9.00, about 10.7% above its April 28 closing price of $8.13

The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)