Q3 2025 Adamas Trust Inc Earnings Call Transcript
Key Points
- Adamas Trust Inc (ADAM) reported a sixth consecutive quarterly increase in earnings, with EAD rising to $0.24 per share.
- The company increased its dividend to $0.23 per share, reflecting strong earnings growth and a successful capital rotation strategy.
- Adamas Trust Inc (ADAM) achieved the highest level of quarterly net investment activity in its history, with a 20% increase in investments.
- The acquisition of the remaining 50% interest in Constructive Loans positions the company to capitalize on long-term opportunities in the business purpose lending market.
- The company successfully priced two securitizations, achieving attractive pricing and structure, which supports its expanding residential investment activities.
- Adamas Trust Inc (ADAM) recorded $13 million in losses on derivative instruments, primarily interest rate swaps.
- The company incurred $7.9 million of non-recurring costs related to the issuance of senior unsecured notes and residential loan securitizations.
- General and administrative expenses increased significantly due to the consolidation of Constructive and higher incentive compensation accruals.
- The Constructive segment reported a net loss of $3.8 million, reflecting transitional integration costs.
- The BPL bridge portfolio declined by 4% to $919 million, with competitive pressures impacting purchase volumes and available pass-through rates.
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Atomist Trust 3rd quarter 2025 results conference call.
During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. If you have a question, please press the star, followed by 11 on your touchdown phone.
If you'd like to withdraw your question, please press 11 again.
If you're using speaker equipment, we do ask that you please lift the handset before making your selection.
This conference is being recorded on Thursday, October 30th, 2025. I would now like to turn the call over to Christina Salem, and investor relations. Please go ahead.
Good morning and welcome to the 3rd quarter 2025 earnings call for Atomus Trust. A press release and supplemental financial presentation with Atomus Trust's 3rd quarter 2025 results was released yesterday.
Both the press release and supplemental financial
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