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. 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.
Adamas Trust, Inc. filed a prospectus supplement establishing an at-the-market equity offering to sell up to $250,000,000 of its common stock under an equity distribution agreement with JonesTrading Institutional Services LLC, BTIG, LLC and B. Riley Securities, Inc. dated June 12, 2026. Sales may occur on Nasdaq or otherwise as an at-the-market program, at prevailing market or negotiated prices, and Agents may purchase shares as principals under separate agreements. Agents may earn up to 2.0% of gross proceeds as compensation. The company states net proceeds will be used for general corporate purposes, including acquiring mortgage-, residential housing- and credit-related assets and working capital. The prospectus supplement notes ownership transfer limits (generally 9.9%) designed to preserve REIT qualification and discloses a last reported sale price of $9.11 per share on Nasdaq on June 11, 2026.
Adamas Trust, Inc. reported 2026 annual meeting results, compensation changes and new dividends. Stockholders approved a Third Amendment to the 2017 Equity Incentive Plan, adding 9,000,000 common shares for awards, raising the annual non-employee director compensation cap to $750,000 and extending the plan to April 23, 2036.
The Board adopted a nonqualified Deferred Compensation Plan and a 2024 PSU deferral election form for executives and directors. All seven director nominees were elected, say-on-pay passed, and Grant Thornton LLP was ratified as auditor. The Board declared a $0.27 per-share common dividend payable July 28, 2026 and quarterly dividends on Series D, E, F and G preferred stock for the period from April 15, 2026 to July 14, 2026.
Adamas Trust, Inc. reported stronger results for the quarter ended March 31, 2026. Total assets were $12.79 billion, up from $12.64 billion, with investment securities of $6.96 billion and residential loans of $4.50 billion at fair value.
Net income attributable to common stockholders rose to $36.9 million from $30.3 million, with basic EPS increasing to $0.41 from $0.33. Net interest income improved to $48.4 million from $33.1 million, while derivative gains and mortgage banking activities contributed to total other income of $80.9 million.
The company recorded unrealized losses on securities and loans but benefited from a sizable gain of about $52.3 million on a multifamily property sale. Operating cash flow was a use of $16.7 million, offset by net financing cash inflows of $106.7 million, including new securitizations and note issuance.
Adamas Trust, Inc. reported strong results for the quarter ended March 31, 2026, driven by portfolio growth and wider earnings coverage of its dividend. GAAP basic earnings per share were $0.41, while earnings available for distribution (EAD) per common share were $0.29, up 45% year-over-year and 26% quarter-over-quarter, comfortably above the $0.23 common dividend.
Book value per share rose to $9.98, a 4.0% increase quarter-over-quarter, and adjusted book value per share reached $10.80, up 1.6%. Quarterly economic return was 6.35%, and economic return on adjusted book value was 3.76%. Total net interest income was $48.4 million, up 12.1% quarter-over-quarter, with adjusted net interest income of $48.2 million, up 3.9%.
The investment portfolio totaled about $10.9 billion, including $6.8 billion in Agency investments and a growing business purpose loan book, such as a $1.8 billion BPL-Rental portfolio. During the quarter, the company acquired $1.0 billion of new single-family investments, issued $90.0 million of 9.250% senior notes due 2031, redeemed $100.0 million of 5.75% notes due 2026, and completed a $310.4 million BPL-Rental securitization at a 4.88% effective cost.
Subsequent to quarter end, Adamas closed an additional $261.5 million BPL-Rental securitization at a 5.54% effective cost. The Company Recourse Leverage Ratio was 5.2x and the Portfolio Recourse Leverage Ratio was 4.9x. Adamas also repurchased 612,464 common shares at an average price of $8.17, and reported a cumulative stockholder return of 4.06% for the quarter and 28.58% over the last twelve months.
Adamas Trust, Inc. is holding a virtual 2026 Annual Meeting on June 11, 2026 at 9:00 a.m. Eastern Time to vote on four key items. Stockholders will elect seven directors, cast an advisory vote on named executive officer pay, and consider an amendment to the 2017 Equity Incentive Plan.
The equity plan amendment would add 9,000,000 shares to the plan’s reserve, extend the plan to 2036, raise the non-employee director annual compensation cap (cash plus equity) to $750,000, and update the plan for the company’s name change and tax law developments. The company notes this increase equals 8.5% of fully diluted shares and highlights a three-year average equity “burn rate” of 1.4%.
Stockholders will also vote on ratifying Grant Thornton LLP as independent registered public accounting firm for 2026. The proxy emphasizes an internally managed REIT strategy focused on residential credit investments, 2025 growth including the Constructive Loans acquisition, and board-level governance features such as majority voting in uncontested elections, independent board committees, and a clawback policy tied to financial restatements.
The Vanguard Group filed Amendment No. 6 to a Schedule 13G, reporting 0 shares of Adamas Trust Inc common stock as beneficially owned as of 03/13/2026. The filing explains an internal realignment and disaggregation of certain Vanguard subsidiaries pursuant to SEC Release No. 34-39538 (January 12, 1998).
The filing is administrative: it lists ownership as 0 shares (0%) and states that no other person's interest exceeds 5%. Signature is by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
Adamas Trust, Inc. announced that its board declared a regular quarterly cash dividend of $0.23 per share on common stock for the quarter ending March 31, 2026, payable on April 28, 2026 to stockholders of record on March 30, 2026. The board also approved quarterly dividends for the period January 15, 2026 to April 14, 2026 on its preferred shares: Series D at $0.50 per share, Series E at $0.6476750 per share, Series F at $0.4296875 per share and Series G at $0.4375 per share, each with an April 1, 2026 record date and April 15, 2026 payment date. In addition, the company set its 2026 annual stockholders meeting to be held virtually on June 11, 2026 at 9:00 a.m. Eastern Time for stockholders of record as of April 17, 2026.