Shares of Adamas Trust Inc (ADAM) surged 5.07% in Thursday trading following the release of its third-quarter 2025 earnings report. The real estate investment trust (REIT) delivered strong results that exceeded analyst expectations on several key metrics.

Adamas reported earnings per share (EPS) of $0.36 for the quarter, significantly beating the consensus estimate of $0.27. This represents a 33% increase from the same period last year. The company's net income attributable to common stockholders reached $32.7 million, demonstrating robust profitability.

While revenue rose an impressive 80.8% year-over-year to $36.59 million, it fell short of analyst projections of $43.05 million. However, investors appeared to focus on the company's strategic growth initiatives and improved earnings rather than the revenue miss.

Notably, Adamas Trust expanded its investment portfolio by $1.8 billion during the quarter, marking its highest level of quarterly investment activity since inception. The company also completed the acquisition of the remaining 50% interest in a business purpose loan origination platform, strengthening its market position.

In a move that further pleased shareholders, Adamas increased its common stock dividend to $0.23 per share, up from $0.20 in the previous quarter. This dividend hike, coupled with the strong earnings performance, likely contributed to the stock's significant rise.

Jason Serrano, Chief Executive Officer of Adamas Trust, commented on the results: "The third quarter was an active and strategically significant period for Adamas. We marked the Company's recent rebranding with its highest level of quarterly investment activity since inception, expanding the investment portfolio by $1.8 billion."

The market's positive reaction to Adamas Trust's earnings report reflects investor confidence in the company's growth strategy and ability to generate value for shareholders in the competitive real estate investment sector.