{"schema_version":"secwatch.filing_event.v1","accession":"0001273685-22-000093","form_type":"8-K","ticker":"ADAM","cik":"0001273685","company_name":"ADAMAS TRUST, INC.","filed_at":"2022-10-17T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.961315+00:00","generated_at":"2026-06-23T03:13:14.507860+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NYMT prelim Q3 book value $3.62-$3.66, down from $4.06 at Q2 end; repurchased 5.5M shares at $2.62","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001273685-22-000093","json":"https://secwatch.observer/filing/0001273685-22-000093.json","markdown":"https://secwatch.observer/filing/0001273685-22-000093.md","text":"https://secwatch.observer/filing/0001273685-22-000093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1273685/000127368522000093/0001273685-22-000093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1273685/000127368522000093/nymt-20221017.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T03:13:14.507860+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}