Adamas Trust Sees Adjusted Book Value up ~4% Early in Q4 as It Cuts $2.9B TBA Short by ~76%

Earnings Call Insights: Adamas Trust, Inc. (ADAM) Q3 2026 Management view - CEO Jason Serrano said Q3 was âmarked by a sharp increase in interest rate volatility and widening mortgage spreads,â and reported adjusted book value ended at $8.88 per share, âa decline of 19.6%,â which