secwatch.observer — SEC 8-K summary
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Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2022-10-17T23:59:59+00:00
Accession:  0001273685-22-000093
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000127368522000093/0001273685-22-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000127368522000093/nymt-20221017.htm
  HTML page:      https://secwatch.observer/filing/0001273685-22-000093

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