Adamas Trust Q2 EAD rise 36% on investment portfolio expansion

Overview

• U.S. real estate investment trust's Q2 GAAP EPS rose to $0.48, with EAD up 36% yr/yr

• Total net interest income for Q2 grew 3.7% quarter-over-quarter

• Company raised quarterly common stock dividend by 17.4%

Outlook

• Company expects continued execution of strategy to drive further shareholder value in H2 2026

Result Drivers

• PORTFOLIO EXPANSION - Co said growth in earnings and book value was driven by continued expansion and diversification of its investment portfolio

• INVESTMENT ACTIVITY - Co acquired $1.5 bln of new single-family residential investments in Q2, including $798.3 mln of Agency investments and $632.3 mln of business purpose loans

• CONSTRUCTIVE PLATFORM - CEO said addition of Constructive origination platform has sharpened competitive edge and supported earnings growth

Company press release: ID:nGNX5b9N9n

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy."

• Wall Street's median 12-month price target for Adamas Trust Inc is $9.50, about 9.1% above its July 28 closing price of $8.71

• The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 8 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)