Adamas Trust Declares $0.23 Quarterly Dividend, Marks 15% Increase for 2025
Adamas Trust, Inc. (NASDAQ: ADAM), an internally-managed real estate investment trust focused on residential mortgages, declared a fourth quarter 2025 dividend of $0.23 per share. The REIT raised its dividend 15% over the course of 2025.
Adamas Trust, Inc. (NASDAQ: ADAM), an internally-managed real estate investment trust focused on residential mortgages and real estate investments, declared a fourth quarter 2025 dividend of $0.23 per share on its common stock. The announcement came as the company reported full year 2025 results. Read more dividend announcements.
The dividend represents a continuation of the company's 15% dividend increase implemented during 2025, up from the previous quarterly rate of $0.20 per share. Full year 2025 dividends totaled $0.86 per share, compared to earnings available for distribution of $0.89 per share for the period.
Based on the company's December 31, 2025 closing stock price, the common stock dividend yield stood at 12.60%.
| Dividend Details | Information |
|---|---|
| Amount | $0.23 per share |
| Previous Amount | $0.20 per share |
| Increase | 15% (annual) |
| Record Date | Not disclosed |
| Ex-Dividend Date | Not disclosed |
| Payment Date | Not disclosed |
Full Year Financial Performance
Adamas reported net income attributable to common stockholders of $101.1 million for 2025, or $1.12 per share. Earnings available for distribution reached $80.6 million, or $0.89 per share for the year.
The company generated $601.9 million in interest income against $452.6 million in interest expense, producing net interest income of $149.3 million. The yield on average interest earning assets was 6.36% with a net interest spread of 1.46%.
Book value per common share stood at $9.60 at year-end, while adjusted book value per share reached $10.63. The company's total investment portfolio reached $10.5 billion, with 56% allocated to single-family agency securities, 30% to single-family credit and other investments, and 14% to multi-family assets.
CEO Jason Serrano noted the company expanded its portfolio by $3.1 billion during 2025 and increased quarterly earnings available for distribution by 44% while maintaining book value growth. The company has declared $1.5 billion in common stock dividends since June 2004.
Fourth Quarter Results
For the three months ended December 31, 2025, Adamas reported net income of $41.6 million, or $0.46 per share. Earnings available for distribution for the quarter totaled $20.4 million, or $0.23 per share.
Interest income reached $170.7 million in the fourth quarter against interest expense of $127.5 million, generating net interest income of $43.2 million. The quarterly economic return on book value was 6.85%.
The company acquired $810 million of new single-family residential investments during the fourth quarter, including $458 million of business purpose loans and $347 million of agency residential mortgage-backed securities. The company maintained excess liquidity capacity of $420 million, comprising $206 million in available cash and $214 million in additional financing available for unencumbered assets.