Welcome to our dedicated page for ADAMAS TRUST SEC filings (Ticker: ADAM), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Adamas Trust, Inc. filings document the disclosure record of a Maryland corporation taxed as a real estate investment trust for federal income tax purposes. Its 8-K filings report financial results, dividend declarations, residential finance activity, senior note transactions, and other material events tied to its internally managed real estate and capital markets platform.
The company’s SEC record also covers proxy governance and executive compensation matters through definitive proxy statements. Capital-structure disclosures identify Nasdaq-listed common stock, Series D, E, F and G cumulative redeemable preferred stock, and multiple senior note classes, including notes due 2029, 2030 and 2031.
Adamas Trust, Inc., an internally managed real estate investment trust focused on credit-sensitive single-family and multi-family assets and Agency RMBS, reported sharply improved results for the period ended June 30, 2026. For the three months, net income attributable to common stockholders was $43,424 versus a loss of $3,486 a year earlier, with basic EPS of $0.48 compared with $(0.04). Net interest income rose to $50,209 from $36,447.
For the first six months of 2026, net income attributable to the company was $103,781, up from $50,701, and net income attributable to common stockholders reached $80,320 versus $26,799, with basic EPS of $0.89. Results reflected higher net interest income, strong $31,537 in mortgage banking activities from business purpose loan originations, and $136,604 in gains on derivative instruments, partly offset by $71,067 in unrealized losses and $23,640 in realized losses on investments.
At June 30, 2026, total assets were $12,963,898 and total equity was $1,469,470, with 89,879,786 common shares and 22,385,674 preferred shares outstanding. The company continued to securitize residential loans, completing three securitizations with aggregate net proceeds of approximately $826.4 million, and sold a multi-family community for approximately $130.7 million, generating a net gain of about $52.3 million.
Adamas Trust, Inc. reported second-quarter 2026 results for the three and six months ended June 30, 2026. GAAP basic earnings per share were $0.48, and earnings available for distribution per common share were $0.30, up 36.4% year-over-year and 3.4% quarter-over-quarter. Quarterly economic return was 4.51%, and cumulative stockholder return was 31.2% for the quarter and 58.5% over the last twelve months. Book value per share rose to $10.16 and adjusted book value per share to $11.05, both increasing sequentially, while total net interest income reached $50.2 million.
The company declared a second-quarter common dividend of $0.27 per share, implying an 11.5% annualized yield. The investment portfolio expanded to about $11.7 billion after acquiring $1.5 billion of new single-family residential investments and issuing $521.2 million of BPL-Rental securitizations. Company recourse leverage was 5.5x and portfolio recourse leverage 5.2x, with warehouse capacity increased to $3.7 billion to support its financing needs.
Norcutt Steven G reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Steven G. Norcutt received a grant of deferred stock units as equity compensation. He was awarded 14,238 deferred stock units that may be settled one-for-one in common shares. These units vest immediately before the issuer’s next annual stockholder meeting in the following calendar year, provided he continues serving the company until that date. After this grant, he holds 51,378 deferred stock units in total. Settlement of the vested units has been deferred until the date of a Change in Control, as defined in the company’s 2017 Equity Incentive Plan.
Greenberg Audrey reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Audrey Greenberg received an award of 14,238 deferred stock units (DSUs) as director compensation. These DSUs are granted under the Adamas Trust, Inc. 2017 Equity Incentive Plan and can be settled one-for-one into shares of common stock.
The DSUs will vest on the day immediately before the company’s next annual stockholders’ meeting held in the following calendar year, provided she continues serving the company. Settlement of vested DSUs is deferred until a change in control or the third anniversary of the grant. Following this grant, she holds 51,378 DSUs.
Pendergast Lisa A reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Lisa A. Pendergast received a grant of 14,238 Deferred Stock Units (DSUs) under the company’s 2017 Equity Incentive Plan. Each DSU is payable in one share of common stock.
The DSUs vest on the day immediately before the company’s next annual stockholder meeting in the following calendar year, provided she continues serving the company through that date. After this award, she holds 51,378 DSUs. Settlement of the vested DSUs has been deferred until a Change in Control as defined in the plan.
Clement Michael B. reported acquisition or exercise transactions in this Form 4 filing.
ADAMAS TRUST, INC. director Michael B. Clement received an award of 14,238 Deferred Stock Units (DSUs) as compensation. Each DSU is tied to one share of common stock and was granted at a price of $0.00 per unit.
The DSUs were granted under the Adamas Trust, Inc. 2017 Equity Incentive Plan and will vest on the day immediately before the company’s next annual stockholders’ meeting in the following calendar year, provided he continues to provide services through that date. After this grant, he holds 14,238 DSUs directly.
Cheng Gena reported acquisition or exercise transactions in this Form 4 filing.
Adamas Trust, Inc. reported that director Gena Cheng received a grant of 14,238 Deferred Stock Units (DSUs) as compensation. Each DSU may be settled on a one-for-one basis in common stock. After this award, Cheng holds 51,378 DSUs directly.
The DSUs will vest on the day immediately before the company’s next annual stockholders’ meeting in the following calendar year, provided Cheng continues to serve the company through that date. Settlement of the vested DSUs has been deferred until the date of a Change in Control as defined in the company’s 2017 Equity Incentive Plan.
Mumma Steven R reported acquisition or exercise transactions in this Form 4 filing.
Adamas Trust, Inc. director Steven R. Mumma received an award of 14,238 Deferred Stock Units (DSUs) as compensation. The DSUs were granted at no cash cost under the company’s 2017 Equity Incentive Plan and are each linked to one share of common stock.
The DSUs will vest on the day immediately before the company’s next annual stockholder meeting in the following calendar year, provided he continues to serve the company through that date. Settlement of the vested DSUs has been deferred until a Change in Control, and following this grant he holds 51,378 DSUs in total.
ADAMAS TRUST, INC. director Michael B. Clement exercised deferred stock units into common stock as part of his equity compensation. On June 10, 2026, he converted 18,678 deferred stock units into common shares at an exercise price of $0.00 per share.
Following this transaction, Clement directly holds 101,309 shares of common stock. The deferred stock units were originally granted on June 12, 2025 under the company’s 2017 Equity Incentive Plan and vested on June 10, 2026, the day before the 2026 annual stockholders meeting. This is a compensation-related exercise, not an open-market purchase or sale.
Adamas Trust, Inc. entered into an equity distribution agreement establishing an at-the-market common stock offering program of up to $250,000,000 in aggregate. The company may sell shares from time to time through JonesTrading, BTIG, and B. Riley Securities as sales agents, or directly to an agent acting as principal.
The agents may receive up to 2.0% of gross proceeds as compensation. Adamas Trust plans to use any net proceeds for general corporate purposes, including acquiring targeted mortgage-, residential housing- and credit-related assets and for working capital. The shares will be issued under its existing Form S-3 shelf registration, supported by a new prospectus supplement dated June 12, 2026.