NYMT prelim Q3 book value $3.62-$3.66, down from $4.06 at Q2 end; repurchased 5.5M shares at $2.62

ADAMAS TRUST, INC.

2022-Q3 EPS reported -$0.77

Book value per common share estimated at $3.62-$3.66 versus $4.06 at June 30, 2022, a decline of about 10%.
Undepreciated book value per common share estimated at $3.86-$3.90, down from $4.24 at Q2 end.
Company recourse leverage ratio 0.5x; portfolio recourse leverage ratio 0.4x as of Sept 30, 2022.
Liquidity: $336M cash and $586M unencumbered residential loans, securities and mezzanine investments.
Repurchased 5.5M common shares in Q3 at avg $2.62; previously declared $0.10 common dividend.

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