---
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"
generated_at: "2026-06-23T03:13:14.507860+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273685-22-000093
- JSON: https://secwatch.observer/filing/0001273685-22-000093.json
- Plain text: https://secwatch.observer/filing/0001273685-22-000093.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.