Zacks Investment Research·Jun 22, 2026
Is Adamas Trust, Inc. (ADAM) Outperforming Other Finance Stocks This Year?Here is how Adamas Trust (ADAM) and Banco Bilbao (BBVA) have performed compared to their sector so far this year.
Adamas Trust, Inc.(ADAM)Earnings, Financials & Key Ratios
ADAM•NASDAQ•REIT / Real Estate
$9.51
8.6× P/E·Price updated Jun 27, 2026
AboutAdamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. The company's targeted residential loans, including business purpose loans; agency RMBS; non-agency residential mortgage-backed securities (RMBS); structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; and other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). It also owns and manages single-family rental properties. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Adamas Trust, Inc. was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025. Adamas Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.Show more
- Revenue$806M+44.1%
- FFO$189M+9594.6%
- FFO/Share2.06+9522.3%
- FFO Payout64.62%+101.7%
- FFO per Share2.06+9522.3%
- NOI Margin43.81%+2.8%
- FFO Margin23.43%+6687.6%
- ROE10.49%+357.0%
- ROA1.36%+282.7%
ADAM Price & Volume
Adamas Trust, Inc. (ADAM) stock price & volume — 10-year historical chart
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Aggressive Portfolio Scaling Masks Rising Leverage Risks
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Expanding
Profitability:Moderate
Financial:Strained
Cash Flow:Stable
Primary Risk:High leverage and liquidity
Key Thesis Takeaways
- Adamas Trust has successfully pivoted its business model, achieving 42.5% year-over-year revenue growth in 2026Q1 through an aggressive expansion of its credit-focused asset base.
- While the recovery in NOI margins to 53.6% suggests improved operational efficiency, the firm's reliance on fair value accounting and a significant increase in the debt-to-equity ratio to 7.65 warrant caution.
- Investors should monitor whether the current dividend coverage, supported by an AFFO of $57.6M, can be sustained if interest rate volatility continues to pressure the firm's highly leveraged balance sheet.
Verdict Logic
while the 14.0% dividend yield is attractive, the significant increase in leverage to a 7.65 debt-to-equity ratio and the volatility inherent in fair value accounting suggest that the risk-adjusted return profile remains uncertain.
ADAM Growth Metrics
Adamas Trust, Inc. (ADAM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years40.34%
3 Years80.01%
TTM42.09%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM308.91%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM2052.33%
Return on Capital
10 Years-0.36%
5 Years-0.19%
3 Years0.35%
Last Year3.3%
ADAM Recent Earnings
Adamas Trust, Inc. (ADAM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/4 qtrs (75%)●Beat Revenue 0/4 qtrs (0%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.40+238.1%
$0.12
Rev
$13M-80.2%
$64M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.23-4.2%
$0.24
Rev
$14M-78.5%
$65M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.36+40.5%
$0.26
Rev
$17M-64.7%
$47M
Q3 2025
Jul 30, 2025Metric
Actual
Est
EPS
$0.22+10.0%
$0.20
Rev
$18M-62.4%
$47M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.40vs $0.12+238.1% | $13Mvs $64M-80.2% |
| Q1 2026 | Feb 18, 2026 | $0.23vs $0.24-4.2% | $14Mvs $65M-78.5% |
| Q4 2025 | Oct 29, 2025 | $0.36vs $0.26+40.5% | $17Mvs $47M-64.7% |
| Q3 2025 | Jul 30, 2025 | $0.22vs $0.20+10.0% | $18Mvs $47M-62.4% |
Based on last 4 quarters of dataView full earnings history →
Latest ADAM News
Recent stock market news and headlines for Adamas Trust, Inc. (ADAM)
Peers Comparison
Key metrics vs top competitors for Adamas Trust, Inc. (ADAM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.51 | $854.58M | 8.65 | 44.12% | 18.5% | 10.49% | 14.02% | |
| $0.95 | $45.56M | 24.23 | -18.16% | -1.5% | -0.39% | — | |
| $4.45 | $50.87M | 9.89 | -10.55% | 63.01% | 11.59% | — | |
| $1.41 | $67.57M | -1.22 | 187.77% | -30.49% | -7.1% | — | |
| $4.70 | $190.82M | 3.85 | 36.55% | -19.55% | -3.39% | — | |
| $1.78 | $294.09M | -1.24 | 1725.96% | -290.69% | -29.57% | — |
Compare ADAM vs Peers
Adamas Trust, Inc. (ADAM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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ADAM Frequently Asked Questions
Adamas Trust, Inc. (ADAM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Adamas Trust, Inc.'s revenue?
Adamas Trust, Inc. (ADAM) reported $885.8M in revenue for fiscal year 2025. This represents a 499% increase from $148.0M in 2020.
How fast is Adamas Trust, Inc. growing?
Adamas Trust, Inc. (ADAM) grew revenue by 44.1% over the past year. This is strong growth.
Is ADAM profitable?
Yes, Adamas Trust, Inc. (ADAM) is profitable, generating $155.5M in net income for fiscal year 2025 (18.5% net margin).
Dividend & Returns
Does ADAM pay dividends?
Yes, Adamas Trust, Inc. (ADAM) pays a dividend with a yield of 14.02%. This makes it attractive for income-focused investors.
What is ADAM's return on equity?
Adamas Trust, Inc. (ADAM) has a return on equity (ROE) of 10.5%. This is reasonable for most industries.
Industry Metrics
What is Adamas Trust, Inc.'s FFO?
Adamas Trust, Inc. (ADAM) generated Funds From Operations (FFO) of $194.6M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is ADAM a good dividend stock?
Adamas Trust, Inc. (ADAM) offers a 14.02% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.