---
schema_version: "secwatch.filing_event.v1"
accession: "0001273685-23-000072"
form_type: "8-K"
ticker: "ADAM"
cik: "0001273685"
company_name: "ADAMAS TRUST, INC."
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:23:03.989722+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NYMT Q1 net income $10.5M, EPS $0.12; dividend $0.40 exceeds EPS

## Summary
- Net income attributable to common stockholders $10.5M, basic EPS $0.12 (post 1:4 reverse split effective 3/9/23).
- Undepreciated earnings $12.6M ($0.14/share); net interest spread 0.41%.
- Book value per common share $12.95; adjusted book value $15.41; economic return on BV 0.6%.
- Dividend of $0.40 per common share, exceeding net income per share of $0.12.

## SEC filing metadata
- accession: 0001273685-23-000072
- form_type: 8-K
- ticker: ADAM
- cik: 0001273685
- company_name: ADAMAS TRUST, INC.
- filed_at: 2023-05-03T23:59:59+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/1273685/000127368523000072/0001273685-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1273685/000127368523000072/nymt-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001273685-23-000072
- JSON: https://secwatch.observer/filing/0001273685-23-000072.json
- Plain text: https://secwatch.observer/filing/0001273685-23-000072.txt

## Key facts
- Earnings Releases
  ADAMAS TRUST, INC. reported financial results for three months ended March 31, 2023.
  - Period: three months ended March 31, 2023
  - Result: reported results
  source text: On May 3, 2023, New York Mortgage Trust, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1273685/000127368523000072/0001273685-23-000072-index.htm

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