Symbols / ADAM Stock $8.89 +1.95% Adamas Trust, Inc.

Real Estate • REIT - Mortgage • United States • NMS
ADAM (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Mortgage
CEO Mr. Jason T. Serrano
Exch · Country NMS · United States
Market Cap 798.87M
Enterprise Value 12.29B
Income 107.72M
Sales 323.40M
FCF (ttm) —
Book/sh 10.19
Cash/sh 2.35
Employees 221
Insider 10d —
IPO Jul 26, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 76.07%
P/E 7.60
Forward P/E 8.39
PEG 2.50
P/S 2.47
P/B 0.87
P/C —
EV/EBITDA —
EV/Sales 37.99
Quick Ratio 0.77
Current Ratio 0.82
Debt/Eq 765.20
LT Debt/Eq —
EPS (ttm) 1.17
EPS next Y 1.06
EPS Growth 21.20%
Revenue Growth 10.70%
EPS Gr Q/Q 15.30%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 1.64%
ROE 13.01%
ROIC —
Gross Margin 75.00%
Oper. Margin 44.51%
Profit Margin 48.08%
Shs Outstand 89.86M
Shs Float 83.86M
Insider Own 7.53%
Instit Own 56.61%
Short Float 3.41%
Short Ratio 3.29
Short Interest 2.54M
52W High 9.32
vs 52W High -4.61%
52W Low 6.16
vs 52W Low 44.32%
Beta 1.26
Impl. Vol. 12.50%
Rel Volume 0.66
Avg Volume 791.48K
Volume 522.98K
Target (mean) $11.79
Tgt Median $9.62
Tgt Low $8.00
Tgt High $24.00
# Analysts 6
Recom None
Prev Close $8.72
Price $8.89
Change 1.95%
About

Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. The company operates through two segments: Investment Portfolio and Constructive. The Investment Portfolio segment manages a diversified portfolio primarily consisting of mortgage-related single-family and multifamily residential investments, including agency residential mortgage-backed securities (RMBS), non-agency RMBS, residential loans, such as business purpose loans, performing, re-performing, non-performing, and seasoned performing, multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental. The Constructive segment is a business purpose loan lender specializing in rental and transitional loans for real estate investors; and origination and sale of loans. The company provides structured multi-family property investments; other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.79
Mean price target
2. Current target
$8.89
Latest analyst target
3. DCF / Fair value
$17.55
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$8.89
Low
$8.00
High
$24.00
Mean
$11.79

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-20 main Keefe, Bruyette & Woods Market Perform → Market Perform $9
2026-02-20 main Jones Trading Buy → Buy $10
2025-10-30 main Jones Trading Buy → Buy $8
2025-07-10 main UBS Neutral → Neutral $7
2025-05-02 main B. Riley Securities Buy → Buy $9
2025-05-02 main Jones Trading Buy → Buy $8
News
RSS: Latest ADAM news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-31 NARIO-ENG KRISTINE RIMANDO Chief Financial Officer — 46,197 — —
2025-12-31 SERRANO JASON T. Chief Executive Officer — 159,948 — —
2025-12-31 MAH NICHOLAS President — 105,484 — —
2025-06-11 CLEMENT MICHAEL B Director — 18,462 — —
2024-12-31 NARIO-ENG KRISTINE RIMANDO Chief Financial Officer — 26,276 — —
2024-12-31 SERRANO JASON T. Chief Executive Officer — 87,532 — —
2024-12-31 MAH NICHOLAS President — 64,003 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
352.88
+47.71%
238.90
-21.56%
304.58
+3404.54%
8.69
Operating Revenue
352.88
+47.71%
238.90
-21.56%
304.58
+3404.54%
8.69
Selling General And Administration
66.29
+54.96%
42.78
-13.69%
49.56
+3.98%
47.67
General And Administrative Expense
66.29
+54.96%
42.78
-13.69%
49.56
+3.98%
47.67
Salaries And Wages
52.88
+51.97%
34.80
-4.95%
36.61
-7.76%
39.69
Other Gand A
13.41
+67.99%
7.98
-83.89%
49.56
+521.12%
7.98
Reconciled Depreciation
39.70
-33.87%
60.04
+15.20%
52.12
-65.93%
152.96
Total Unusual Items
-5.27
+83.44%
-31.81
+69.91%
-105.71
-725.62%
16.90
Total Unusual Items Excluding Goodwill
-5.27
+83.44%
-31.81
+69.91%
-105.71
-725.62%
16.90
Special Income Charges
-10.65
+82.14%
-59.64
+43.58%
-105.71
-44883.40%
-0.23
Other Special Charges
—
-0.62
—
—
Impairment Of Capital Assets
—
—
—
0.00
Write Off
9.77
-80.02%
48.88
-45.42%
89.55
+3556.51%
2.45
Net Income
149.05
+340.29%
-62.03
-27.46%
-48.66
+83.70%
-298.61
Pretax Income
137.80
+248.31%
-92.92
-19.55%
-77.72
+77.15%
-340.11
Net Interest Income
149.30
+78.05%
83.86
+26.05%
66.53
-48.42%
128.97
Interest Expense
452.65
+42.60%
317.43
+65.21%
192.13
+48.46%
129.42
Interest Income
601.95
+50.01%
401.28
+55.14%
258.66
+0.11%
258.39
Other Non Operating Income Expenses
—
—
—
—
Gain On Sale Of Security
86.93
+197.18%
29.25
-52.47%
61.54
+122.42%
-274.51
Gain On Sale Of Business
0.00
+100.00%
-8.52
+47.28%
-16.16
0.00
Tax Provision
0.14
-86.00%
1.04
+1281.33%
0.07
-86.16%
0.54
Tax Rate For Calcs
0.00
-99.52%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
-0.01
+99.92%
-6.68
+69.91%
-22.20
-725.62%
3.55
Net Income Including Noncontrolling Interests
137.66
+246.52%
-93.95
-20.76%
-77.80
+77.16%
-340.65
Net Income From Continuing Operation Net Minority Interest
149.05
+340.29%
-62.03
-27.46%
-48.66
+83.70%
-298.61
Net Income From Continuing And Discontinued Operation
149.05
+340.29%
-62.03
-27.46%
-48.66
+83.70%
-298.61
Net Income Continuous Operations
137.66
+246.52%
-93.95
-20.76%
-77.80
+77.16%
-340.65
Minority Interests
11.39
-64.32%
31.92
+9.58%
29.13
-30.71%
42.04
Normalized Income
154.31
+518.19%
-36.90
-205.89%
34.85
+111.17%
-311.95
Net Income Common Stockholders
101.11
+197.42%
-103.78
-15.27%
-90.03
+73.56%
-340.58
Otherunder Preferred Stock Dividend
—
—
-0.47
—
Diluted EPS
1.10
+196.49%
-1.14
-15.15%
-0.99
+72.50%
-3.60
Basic EPS
1.12
+198.25%
-1.14
-15.15%
-0.99
+72.50%
-3.60
Basic Average Shares
90.43
-0.43%
90.81
-0.25%
91.04
-3.48%
94.32
Diluted Average Shares
91.51
+0.77%
90.81
-0.25%
91.04
-3.48%
94.32
Diluted NI Availto Com Stockholders
101.11
+197.42%
-103.78
-15.27%
-90.03
+73.56%
-340.58
Average Dilution Earnings
—
—
—
—
Amortization
—
—
—
—
Amortization Of Intangibles Income Statement
—
—
—
—
Depreciation Amortization Depletion Income Statement
23.12
-41.93%
39.82
+61.75%
24.62
-80.59%
126.82
Depreciation And Amortization In Income Statement
23.12
-41.93%
39.82
+61.75%
24.62
-80.59%
126.82
Depreciation Income Statement
—
—
—
—
Other Non Interest Expense
107.81
-39.66%
178.68
-11.72%
202.41
+19.56%
169.30
Preferred Stock Dividends
47.94
+14.81%
41.76
-0.19%
41.84
-0.32%
41.97
Professional Expense And Contract Services Expense
6.36
+8.00%
5.89
+24.07%
4.75
-0.48%
4.77
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
12,638.85
+37.12%
9,217.28
+24.54%
7,401.33
+18.60%
6,240.74
Cash And Cash Equivalents
210.33
+25.63%
167.42
-10.52%
187.11
-23.54%
244.72
Other Short Term Investments
6,904.78
+80.35%
3,828.54
+90.11%
2,013.82
+1922.74%
99.56
Receivables
159.62
+5.57%
151.20
+133.12%
64.86
+6.68%
60.80
Accounts Receivable
76.15
+22.68%
62.08
+66.37%
37.31
+9.53%
34.07
Other Receivables
83.47
-6.35%
89.13
+223.53%
27.55
+3.06%
26.73
Prepaid Assets
15.40
-11.43%
17.39
-5.11%
18.33
+31.11%
13.98
Net PPE
5.17
-5.22%
5.46
-17.03%
6.58
-15.96%
7.83
Gross PPE
5.17
-5.22%
5.46
-17.03%
6.58
-15.96%
7.83
Other Properties
5.17
-5.22%
5.46
-17.03%
6.58
-15.96%
7.83
Goodwill And Other Intangible Assets
60.61
+185.14%
21.25
+793.82%
2.38
0.00
Goodwill
22.40
0.00
—
—
Other Intangible Assets
38.21
+79.77%
21.25
+793.82%
2.38
—
Investments And Advances
6,929.49
+75.78%
3,942.04
+82.42%
2,160.93
+673.68%
279.31
Total Liabilities Net Minority Interest
11,208.41
+43.58%
7,806.15
+35.21%
5,773.20
+31.91%
4,376.63
Payables And Accrued Expenses
151.80
+50.01%
101.19
+13.55%
89.12
+2.77%
86.71
Payables
118.72
+49.46%
79.43
+42.34%
55.80
-7.95%
60.62
Accounts Payable
59.11
+44.13%
41.02
+73.40%
23.65
+122.53%
10.63
Other Payable
24.27
+198.28%
8.14
—
—
Dividends Payable
35.33
+16.68%
30.28
-5.82%
32.15
-35.69%
50.00
Current Accrued Expenses
33.09
+52.04%
21.76
-34.67%
33.31
+27.70%
26.09
Long Term Debt And Capital Lease Obligation
4,254.92
+19.68%
3,555.18
+26.74%
2,805.15
+5.93%
2,648.19
Long Term Debt
4,249.37
+19.73%
3,549.25
+26.85%
2,798.05
+5.99%
2,639.81
Long Term Capital Lease Obligation
5.55
-6.50%
5.93
-16.43%
7.10
-15.28%
8.38
Non Current Deferred Liabilities
20.08
+32.97%
15.10
+101.83%
7.48
-0.58%
7.53
Non Current Deferred Revenue
7.32
+25.77%
5.82
+6.36%
5.47
-23.31%
7.13
Non Current Deferred Taxes Liabilities
12.76
+37.48%
9.28
+361.33%
2.01
+410.66%
0.39
Preferred Securities Outside Stock Equity
—
—
—
—
Stockholders Equity
1,426.92
+2.31%
1,394.72
-11.70%
1,579.61
-10.62%
1,767.22
Common Stock Equity
886.45
+3.16%
859.27
-17.71%
1,044.17
-15.03%
1,228.87
Capital Stock
541.38
+0.94%
536.35
0.00%
536.35
-0.54%
539.26
Common Stock
0.90
-0.33%
0.91
-0.11%
0.91
-0.55%
0.91
Preferred Stock
540.47
+0.94%
535.45
+0.00%
535.45
-0.54%
538.35
Share Issued
90.30
-0.30%
90.57
-0.11%
90.68
-0.57%
91.19
Ordinary Shares Number
90.30
-0.30%
90.57
-0.11%
90.68
-0.57%
91.19
Additional Paid In Capital
2,294.19
+0.22%
2,289.04
-0.35%
2,297.08
+0.63%
2,282.69
Retained Earnings
-1,408.65
+1.54%
-1,430.67
-14.11%
-1,253.82
-19.10%
-1,052.77
Gains Losses Not Affecting Retained Earnings
0.00
0.00
+100.00%
-0.00
+99.80%
-1.97
Minority Interest
3.52
-78.59%
16.41
-66.17%
48.51
-49.93%
96.89
Other Equity Adjustments
—
—
-0.00
+99.80%
-1.97
Total Equity Gross Minority Interest
1,430.44
+1.37%
1,411.13
-13.33%
1,628.13
-12.66%
1,864.11
Total Capitalization
5,676.29
+14.81%
4,943.97
+12.94%
4,377.66
-0.67%
4,407.02
Invested Capital
5,135.82
+16.50%
4,408.52
+14.74%
3,842.22
-0.68%
3,868.67
Total Debt
4,254.92
+19.68%
3,555.18
+26.74%
2,805.15
+5.93%
2,648.19
Net Debt
4,039.04
+19.43%
3,381.82
+29.53%
2,610.94
+9.01%
2,395.09
Capital Lease Obligations
5.55
-6.50%
5.93
-16.43%
7.10
-15.28%
8.38
Net Tangible Assets
1,366.32
-0.52%
1,373.46
-12.92%
1,577.23
-10.75%
1,767.22
Tangible Book Value
825.84
-1.45%
838.02
-19.56%
1,041.79
-15.22%
1,228.87
Available For Sale Securities
24.71
-78.23%
113.49
-22.86%
147.12
-18.15%
179.75
Cash Cash Equivalents And Federal Funds Sold
342.38
+4.06%
329.02
-0.49%
330.64
-13.20%
380.94
Preferred Shares Number
22.39
+1.00%
22.16
+0.00%
22.16
-0.54%
22.28
Preferred Stock Equity
540.47
+0.94%
535.45
+0.00%
535.45
-0.54%
538.35
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
134.04
+852.60%
14.07
-53.02%
29.95
-67.37%
91.78
Cash Flow From Continuing Operating Activities
134.04
+852.60%
14.07
-53.02%
29.95
-67.37%
91.78
Net Income From Continuing Operations
137.66
+246.52%
-93.95
-20.76%
-77.80
+77.16%
-340.65
Depreciation Amortization Depletion
39.70
-33.87%
60.04
+15.20%
52.12
-65.93%
152.96
Depreciation
23.12
-41.93%
39.82
+61.75%
24.62
-80.59%
126.82
Amortization Cash Flow
16.58
-18.00%
20.22
-26.48%
27.50
+5.21%
26.14
Depreciation And Amortization
39.70
-33.87%
60.04
+15.20%
52.12
-65.93%
152.96
Amortization Of Intangibles
16.58
-18.00%
20.22
-26.48%
27.50
+5.21%
26.14
Other Non Cash Items
12.62
+140.60%
-31.09
+58.05%
-74.10
-121.33%
347.36
Stock Based Compensation
8.20
+35.09%
6.07
-31.24%
8.82
-25.81%
11.89
Asset Impairment Charge
9.77
-80.02%
48.88
-45.42%
89.55
+3556.51%
2.45
Operating Gains Losses
85.76
+213.30%
-75.70
-443.55%
22.03
+118.79%
-117.28
Gain Loss On Investment Securities
34.76
+2753.86%
1.22
-91.50%
14.32
+178.07%
-18.34
Unrealized Gain Loss On Investment Securities
-182.90
-301.80%
90.64
+342.20%
-37.42
-247.97%
25.29
Gain Loss On Sale Of PPE
3.54
+674.84%
-0.62
0.00
—
Change In Working Capital
12.24
+181.38%
-15.04
+10.22%
-16.75
-13.27%
-14.79
Change In Other Working Capital
12.24
+181.38%
-15.04
+10.22%
-16.75
-13.27%
-14.79
Change In Other Current Assets
—
—
—
—
Change In Other Current Liabilities
—
—
—
—
Investing Cash Flow
-2,897.12
-29.08%
-2,244.43
-83.98%
-1,219.93
-139.78%
-508.77
Cash Flow From Continuing Investing Activities
-2,897.12
-29.08%
-2,244.43
-83.98%
-1,219.93
-139.78%
-508.77
Capital Expenditure
—
-9.47
—
—
Net Investment Purchase And Sale
-2,925.86
-64.20%
-1,781.94
+4.51%
-1,866.13
-6240.49%
-29.43
Purchase Of Investment
-4,434.53
-100.08%
-2,216.39
-5.83%
-2,094.23
-808.42%
-230.53
Sale Of Investment
1,508.68
+247.26%
434.45
+90.47%
228.10
+13.42%
201.10
Net Business Purchase And Sale
-16.73
0.00
-100.00%
0.10
-98.52%
6.90
Purchase Of Business
-16.73
0.00
0.00
—
Gain Loss On Sale Of Business
1.95
-89.07%
17.85
-26.93%
24.43
+275.20%
-13.94
Net Intangibles Purchase And Sale
0.00
+100.00%
-9.47
0.00
0.00
Purchase Of Intangibles
0.00
+100.00%
-9.47
0.00
0.00
Financing Cash Flow
2,776.44
+24.57%
2,228.75
+95.56%
1,139.68
+147.72%
460.07
Cash Flow From Continuing Financing Activities
2,776.44
+24.57%
2,228.75
+95.56%
1,139.68
+147.72%
460.07
Net Issuance Payments Of Debt
293.73
-64.43%
825.71
+306.39%
-400.07
-175.28%
531.42
Issuance Of Debt
1,141.29
-19.07%
1,410.15
0.00
-100.00%
973.18
Repayment Of Debt
-847.57
-45.02%
-584.44
-46.08%
-400.07
+9.44%
-441.76
Long Term Debt Issuance
1,141.29
-19.07%
1,410.15
0.00
-100.00%
973.18
Long Term Debt Payments
-847.57
-45.02%
-584.44
-46.08%
-400.07
+9.44%
-441.76
Net Long Term Debt Issuance
293.73
-64.43%
825.71
+306.39%
-400.07
-175.28%
531.42
Net Common Stock Issuance
-1.50
+57.00%
-3.49
+59.45%
-8.62
+80.60%
-44.40
Common Stock Payments
-1.50
+57.00%
-3.49
+59.45%
-8.62
+80.60%
-44.40
Common Stock Dividend Paid
-75.51
-0.75%
-74.94
+41.81%
-128.80
+15.12%
-151.75
Cash Dividends Paid
-121.97
-4.51%
-116.70
+31.63%
-170.69
+11.63%
-193.16
Repurchase Of Capital Stock
-1.50
+57.00%
-3.49
+68.40%
-11.05
+75.10%
-44.40
Net Other Financing Charges
-3.06
+75.58%
-12.52
-41.27%
-8.86
+30.93%
-12.83
Changes In Cash
13.35
+925.34%
-1.62
+96.78%
-50.30
-216.76%
43.08
Beginning Cash Position
329.02
-0.49%
330.64
-13.20%
380.94
+12.75%
337.86
End Cash Position
342.38
+4.06%
329.02
-0.49%
330.64
-13.20%
380.94
Free Cash Flow
134.04
+2813.28%
4.60
-84.64%
29.95
-67.37%
91.78
Interest Paid Supplemental Data
448.29
+30.04%
344.73
+37.97%
249.85
+54.95%
161.25
Income Tax Paid Supplemental Data
0.22
—
0.23
-91.59%
2.67
Common Stock Issuance
—
—
—
0.00
Dividend Received CFO
25.44
+5.03%
24.22
-7.11%
26.08
-47.67%
49.83
Dividends Received CFI
—
—
—
—
Earnings Losses From Equity Investments
-5.43
+79.75%
-26.80
+6.87%
-28.77
+4.60%
-30.16
Issuance Of Capital Stock
5.03
0.00
0.00
0.00
Net Investment Properties Purchase And Sale
-8.15
+66.92%
-24.65
+51.11%
-50.41
+75.92%
-209.37
Net Preferred Stock Issuance
5.03
0.00
+100.00%
-2.44
0.00
Preferred Stock Dividend Paid
-46.46
-11.27%
-41.76
+0.33%
-41.89
-1.18%
-41.40
Preferred Stock Issuance
5.03
0.00
0.00
0.00
Preferred Stock Payments
0.00
0.00
+100.00%
-2.44
0.00
Purchase Of Investment Properties
-8.15
+66.92%
-24.65
+51.11%
-50.41
+75.92%
-209.37
Sale Of Business
0.00
0.00
-100.00%
0.10
-98.52%
6.90
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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