Adamas Trust/$ADAM
Adamas Trust shares fall after B. Riley cut its price target, citing a sharp third-quarter book-value decline caused by rising rates and wider mortgage spreads.
5 hours agoLightyear AI
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Capital at risk
About Adamas Trust
Adamas Trust Inc is an internally-managed REIT for U.S. federal income tax purposes, in the business of acquiring, investing in, financing, and managing mainly mortgage-related single-family and multi-family residential assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest spread and capital gains from a diversified investment portfolio. The company's investment portfolio includes credit-sensitive single-family and multi-family assets.
- Ticker
- $ADAM
- Sector
- Real Estate
- Primary listing
- NASDAQ
- Employees
- 221
- Headquarters
- New York, United States
- Website
- www.adamasreit.com
Adamas Trust Metrics
BasicAdvanced
$699M
4.64
$1.68
1.26
$1.26
15.42%
Price and volume
Market cap
$699M
Beta
1.26
52-week high
$10.36
52-week low
$6.45
Average daily volume
1.2M
Dividend rate
$1.26
Financial strength
Current ratio
0.844
Quick ratio
0.818
Long term debt to equity
3.452
Total debt to equity
7.691
Dividend payout ratio (TTM)
63.75%
Profitability
Gross margin (TTM)
81.15%
Net profit margin (TTM)
46.81%
Operating margin (TTM)
47.50%
Effective tax rate (TTM)
-0.07%
Revenue per employee (TTM)
$1,730,000
Management effectiveness
Return on assets (TTM)
2.01%
Return on equity (TTM)
16.44%
Valuation
Price to earnings (TTM)
4.635
Price to revenue (TTM)
1.84
Price to book
0.75
Price to tangible book (TTM)
0.78
Price to free cash flow (TTM)
6.362
Free cash flow yield (TTM)
15.72%
Free cash flow per share (TTM)
1.223
Dividend yield (TTM)
16.20%
Forward dividend yield
15.42%
Growth
Revenue change (TTM)
110.44%
Earnings per share change (TTM)
774.12%
3-year revenue growth (CAGR)
97.37%
10-year revenue growth (CAGR)
15.12%
3-year earnings per share growth (CAGR)
-8.23%
10-year earnings per share growth (CAGR)
-0.51%
3-year dividend per share growth (CAGR)
-13.82%
10-year dividend per share growth (CAGR)
-12.94%
What the Analysts think about Adamas Trust
Analyst ratings (Buy, Hold, Sell) for Adamas Trust stock.
Analyst projections of the future price of Adamas Trust stock.
Bulls say / Bears say
Earnings available for distribution rose 25% year on year to $0.30 a share, covering the dividend that was raised to $0.30. This supports the case that the expanded portfolio is generating stronger recurring income. (SEC)
The rental-loan portfolio grew to $2.6 billion and had average borrower FICO scores of 751, loan-to-value of 70% and debt-service coverage of 1.35 times. Those metrics suggest the company has continued to originate loans with meaningful borrower and collateral cushions. (SEC)
Adamas cut most of its hedging short positions after quarter-end, and management reported adjusted book value had recovered about 4% by 26 October. The company also expanded warehouse capacity to $3.8 billion, giving it room to respond if mortgage investment opportunities improve. (SEC, Investing.com)
The quarter exposed how sharply rate and spread volatility can hit shareholder capital: adjusted book value fell 19.6% quarter on quarter, and GAAP loss was $1.89 a share. The company reported a negative 19% quarterly economic return on GAAP book value. (SEC)
Core spread income weakened sequentially: net interest income fell 2.8% from the prior quarter, while the net interest spread narrowed from 1.48% to 1.40%. Continued pressure on asset yields or funding costs could further constrain earnings. (SEC)
The balance sheet remains highly geared, with company recourse leverage at 4.8 times and portfolio recourse leverage at 4.4 times. That leverage can magnify losses and liquidity pressure if mortgage valuations or financing conditions deteriorate again. (SEC)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
Adamas Trust Financial Performance
Revenues and expenses
Adamas Trust Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing Adamas Trust
Fund name | Fund size | $ADAM weighting |
|---|---|---|
iShares S&P SmallCap 600$IDP6 | $3.2B | 0.04% |
iShares S&P Small Cap 600£ISP6 | $3.2B | 0.04% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.02% |
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.02% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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