Adamas Trust: Q1 Earnings Snapshot

Published: 2026-04-29 16:52:14 ET ADAM

Published on 04/29/2026 at 04:52 pm EDT

NEW YORK (AP) — NEW YORK (AP) — Adamas Trust, Inc. (ADAM) on Wednesday reported first-quarter profit of $48.6 million.

The New York-based company said it had profit of 40 cents per share. Earnings, adjusted for non-recurring gains, came to 29 cents per share.

The real estate investment trust posted revenue of $172.1 million in the period. Its adjusted revenue was $48.4 million.

Adamas Trust shares have climbed 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $7.75, a rise of 32% in the last 12 months.

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