Adamas Trust signals measured agency RMBS growth as portfolio surpasses $10B following strategic pivot [Seeking Alpha]
Adamas Trust, Inc. - 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ)
Company Research
Source: Seeking Alpha
Jason Serrano, CEO, highlighted the company's rebranding to Adamas Trust as a reflection of a "broader strategic vision, moving beyond any geographic affiliation" and stated the new name symbolizes "strength and durability that guides our Quick Insights The strategic shift led to record investment activity, ongoing earnings growth, completion of Adamas Trust rebranding, and continued balance sheet expansion. Agency RMBS allocation increased dramatically, with growing recurring earnings and higher book value reported. Full ownership enhanced the company's control over originations and product development. Constructive generated notable mortgage banking income, though segment net losses were reported due to integration costs, which are expected to decline, positioning Constructive as a key driver of future profitability. Management highlighted intensified competition in the BPL bridge market, affecting purchase volumes and pass-through rates. Integration costs at Constructive a
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News
- Adamas Trust Non-GAAP EPS of $0.37 beats by $0.12 [Seeking Alpha]Seeking Alpha
- Adamas Trust (ADAM) Profitability Turn Challenges Market Narratives With Margin Expansion, Premium Valuation Persists [Yahoo! Finance]Yahoo! Finance
- Are Finance Stocks Lagging Adamas Trust, Inc. (ADAM) This Year? [Yahoo! Finance]Yahoo! Finance
- Adamas Trust files $500M mixed securities shelf [Seeking Alpha]Seeking Alpha