secwatch.observer — SEC 8-K summary
======================================

Issuer:     ADAMAS TRUST, INC. (ADAM)
CIK:        0001273685
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001273685-24-000051
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYMT reports Q1 2024 net loss $68.3M ($0.75 per share), book value $10.21
-------------------------------------------------------------------------

- Net loss attributable to common stockholders was $68.3M vs. $0.20 dividend per share.
- Undepreciated loss of $62.0M ($0.68 per share); adjusted book value $11.51.
- Net interest income $17.9M, net interest spread 1.31%.
- Book value per common share fell to $10.21 from prior quarter; economic return -7.96%.
- Yield on average interest-earning assets was 6.38%, interest expense $66.0M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1273685/000127368524000051/0001273685-24-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1273685/000127368524000051/nymt-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001273685-24-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer