Key Highlights:

  • Interest income was USD 174.4 million in the most recently reported quarter, up from USD 140.9 million.
  • Total net interest income reached USD 50.2 million, up from USD 36.4 million a year earlier.
  • Interest expense increased to USD 124.2 million from USD 104.5 million in the same period.
  • Total net loss from real estate narrowed to USD 2.3 million from USD 3.0 million.

Adamas Trust, Inc. (NYSE:ADAM) is scheduled to report third quarter results on Wednesday, Oct. 28, after the market close. Consensus estimates call for adjusted earnings per share of USD 0.21 on revenue of USD 71.57 million, against a market capitalization of USD 701.06 million.

In the most recently reported quarter, interest income was USD 174.4 million, compared with USD 140.9 million in the same period of the prior year, while total net interest income reached USD 50.2 million, compared with USD 36.4 million.

Income Statement Detail

Interest expense was USD 124.2 million for the quarter, compared with USD 104.5 million in the prior year period, while total net loss from real estate narrowed to USD 2.3 million from USD 3.0 million, and total other income improved to USD 45.2 million from a loss of USD 9.3 million a year earlier.

Figures to Follow in the Release

Investors can watch net interest income against the USD 50.2 million reported last quarter and the trend in total other income.