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Adamas Trust, Inc. (ADAM)
USD9.27
+0.12 (+1.35%)
US NASDAQ Real Estate REIT - Mortgage
Address
90 Park Avenue 10016
New York, NY, US
New York, NY, US
CEO
Jason T. Serrano
Website
AdamasREIT.com
IPO
2025-09-03
CIK 1273685 ISIN US6496048405
Also trades on
NASDAQ Global Market · ADAM (USD)
NASDAQ Global Market · ADAMG (USD)
NASDAQ Global Market · ADAMH (USD)
NASDAQ Global Market · ADAMI (USD)
NASDAQ Global Market · ADAML (USD)
NASDAQ Global Market · ADAMM (USD)
NASDAQ Global Market · ADAMN (USD)
NASDAQ Global Market · ADAMZ (USD)
NASDAQ Global Market · NYMTH (USD)
NASDAQ Global Select · NYMTI (USD)
NASDAQ Global Select · NYMTG (USD)
Description
Adamas Trust, Inc. is a U.S.-based entity primarily focused on the acquisition, investment, financing, and management of assets connected to single-family and multi-family residential mortgages. Its diverse portfolio includes targeted residential loans (which cover business purpose loans), agency and non-agency residential mortgage-backed securities (RMBS), structured multi-family property investments like preferred equity and mezzanine loans to property owners, and other assets related to mortgages, housing, and credit, along with strategic investments and commercial mortgage-backed securities (CMBS). Furthermore, the company extends its operations to owning and managing single-family rental properties. Qualifying as a Real Estate Investment Trust (REIT) for federal income tax purposes, Adamas Trust avoids federal corporate income taxes, provided it distributes a minimum of 90% of its taxable earnings to its stockholders. Established in 2003, the company's headquarters are located in New York, New York. It was formerly known as New York Mortgage Trust, Inc. until it officially changed its name to Adamas Trust, Inc. in September 2025.
News Sentiment (7d)
Based on only 2 articles — low confidence
- Dividend Power: 6 'Safer' Ideal Dogs To Buy In July Seeking Alpha
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD9.27
+0.12 (+1.35%)
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Volume Profile
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Liquidity & share structure
Average Volume
832.8K
Beta
1.25
Float Shares
84.44M
Free Float %
93.3%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| +2.42% | +1.72% | +15.95% | +8.70% | +25.46% | +21.51% | +29.68% | -8.84% | -49.60% | -60.89% | -97.53% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (4 ratings, all time)
Buy
Price Targets & DCF
Current price
9.27
DCF (Unlevered)
42.58
+359.2%
DCF (Levered)
181.55
+1,857.8%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
38% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 2 | 0 |
| Hold | 5 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
-0.63
Distress
Piotroski F-Score
7 / 9
Strong
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
-
Revenue growth+44.1% Q1'26: +42.5% (vs Q1'25)
-
EPS growth+196.5% Q1'26: +21.2% (vs Q1'25)
-
FCF margin— Q1'26: -6.6% (vs Q1'25)
-
EBIT margin— Q1'26: +32.5% (vs Q1'25)
-
ROIC— Q1'26: +2.8% (vs Q1'25)
-
Share dilution+0.8% Q1'26: +1.1% (vs Q1'25)
-
Debt / EBITDA61.99× Q1'26: 28.82× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 3 Rev. Ana. 3 EPS Ana. |
Dec 2027 3 Rev. Ana. 3 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
113.10M
est.
|
131.00M
est.
|
154.00M
est.
|
385.48M
est.
|
147.98M
est: -283.49M (+152.2%)
|
380.19M
est: 243.89M (+55.9%)
|
138.11M
est: -63.81M (+316.4%)
|
500.80M
est: 255.80M (+95.8%)
|
558.92M
est: 190.44M (+193.5%)
|
805.53M
est: 219.74M (+266.6%)
|
258.32M
251.08M – 270.01M
+17.6% YoY
|
260.34M
253.06M – 272.13M
+0.8% YoY
|
264.54M
257.14M – 276.52M
+1.6% YoY
|
| EBITDA |
-20.89M
est.
|
-24.20M
est.
|
-28.45M
est.
|
-71.21M
est.
|
-66.75M
est: 52.37M (-227.5%)
|
242.32M
est: -45.05M (+637.8%)
|
-187.15M
est: 11.79M (-1,687.7%)
|
-25.60M
est: -47.25M (+45.8%)
|
-32.88M
est: -9.61M (-242.2%)
|
177.51M
est: -11.08M (+1,701.4%)
|
-13.03M
-13.62M – -12.67M
-17.6% YoY
|
-13.13M
-13.73M – -12.77M
-0.8% YoY
|
-13.34M
-13.95M – -12.97M
-1.6% YoY
|
| EBIT |
-28.73M
est.
|
-33.28M
est.
|
-39.13M
est.
|
-97.93M
est.
|
-66.75M
est: 72.02M (-192.7%)
|
190.93M
est: -61.96M (+408.1%)
|
-340.11M
est: 16.21M (-2,198.0%)
|
-77.72M
est: -64.99M (-19.6%)
|
-92.92M
est: -24.69M (-276.4%)
|
137.80M
est: -28.49M (+583.8%)
|
-33.49M
-35.00M – -32.55M
-17.6% YoY
|
-33.75M
-35.28M – -32.80M
-0.8% YoY
|
-34.29M
-35.85M – -33.33M
-1.6% YoY
|
| Net Income |
206.99M
est.
|
209.48M
est.
|
273.48M
est.
|
226.01M
est.
|
-288.51M
est: -394.91M (+26.9%)
|
193.20M
est: 154.94M (+24.7%)
|
-298.61M
est: -286.98M (-4.1%)
|
-48.67M
est: -104.34M (+53.4%)
|
-62.03M
est: -60.82M (-2.0%)
|
149.05M
est: 85.42M (+74.5%)
|
84.48M
81.42M – 89.47M
-1.1% YoY
|
85.53M
81.50M – 89.56M
+1.2% YoY
|
124.81M
120.19M – 132.08M
+45.9% YoY
|
| SGA |
14.27M
est.
|
16.52M
est.
|
19.43M
est.
|
48.62M
est.
|
—
est: -35.76M (+100.0%)
|
45.44M
est: 30.76M (+47.7%)
|
47.67M
est: -8.05M (+692.2%)
|
44.82M
est: 32.27M (+38.9%)
|
42.78M
est: 27.16M (+57.5%)
|
66.29M
est: 31.34M (+111.6%)
|
36.84M
35.80M – 38.50M
+17.6% YoY
|
37.13M
36.09M – 38.81M
+0.8% YoY
|
37.72M
36.67M – 39.43M
+1.6% YoY
|
| EPS |
2.28
est.
|
2.31
est.
|
3.01
est.
|
2.49
est.
|
-3.55
est: -4.35 (+18.4%)
|
1.52
est: 1.71 (-10.9%)
|
-3.60
est: -3.16 (-13.9%)
|
-0.99
est: -1.15 (+13.8%)
|
-1.14
est: -0.66 (-71.5%)
|
1.12
est: 0.92 (+21.3%)
|
0.92
0.89 – 0.98
+0.0% YoY
|
0.92
0.89 – 0.98
+0.1% YoY
|
1.36
1.31 – 1.44
+47.5% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-08 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-07 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-06 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-05 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-04 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-05-01 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-30 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-29 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 4/5 | 4/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-27 | A | 4/5 | 5/5 | 4/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-23 | A | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-22 | A | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-21 | A- | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 4/5 | 4/5 | 4/5 | 1/5 | 4/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
155.86M
OE per share TTM
1.71
Owner's Yield
19.92%
Maintenance CapEx ratio
0.68%
Maint CapEx / Avg PPE
1.5%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 95 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Invesco S&P SmallCap High Dividend Low Volatility ETF XSHD | 2.74% | 1.99M | 0.30% |
| 2 | Invesco KBW High Dividend Yield Financial ETF KBWD | 2.39% | 10.05M | 5.39% |
| 3 | iShares Mortgage Real Estate ETF REM | 1.62% | 9.06M | 0.48% |
| 4 | Invesco S&P SmallCap 600 Revenue ETF RZG | 1.35% | 1.94M | 0.35% |
| 5 | Hoya Capital High Dividend Yield ETF RIET | 1.21% | 1.30M | 0.50% |
| 6 | Global X - SuperDividend ETF SDIV | 1.13% | 13.62M | 0.58% |
| 7 | Global X Superdividend UCITS ETF USD SDIP.L | 1.12% | 10.11M | 0.45% |
| 8 | Invesco S&P SmallCap Value with Momentum ETF XSVM | 0.95% | 6.24M | 0.37% |
| 9 | Invesco S&P SmallCap Momentum ETF XSMO | 0.21% | 6.35M | 0.36% |
| 10 | Invesco S&P SmallCap Financials ETF PSCF | 0.17% | 45.0K | 0.29% |
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.57
Neutral
Ratio by volume
1.46
Neutral
Buys
12
Sells
21
Shares acquired
717.7K
Shares disposed
490.9K
Cash buys
—
Cash sales
—
Net activity
+226,751
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-01-27 | Serrano Jason T | Director / Officer | F-InKind | D | Common Stock, par value $0.01 per share | 5,827 | 8.41 | 49.0K | 389,714 | D | ↗ |
| 2026-01-27 | Nario-Eng Kristine Rimando | Officer | F-InKind | D | Common Stock, par value $0.01 per share | 751 | 8.41 | 6.3K | 156,546 | D | ↗ |
| 2026-01-27 | Mah Nicholas | Officer | F-InKind | D | Common Stock, par value $0.01 per share | 2,237 | 8.41 | 18.8K | 251,456 | D | ↗ |
| 2026-01-22 | Serrano Jason T | Director / Officer | A-Award | A | Restricted Stock Units | 216,711 | 0.00 | — | 427,216 | D | ↗ |
| 2026-01-22 | Nario-Eng Kristine Rimando | Officer | A-Award | A | Restricted Stock Units | 61,989 | 0.00 | — | 122,543 | D | ↗ |
| 2026-01-22 | Mah Nicholas | Officer | A-Award | A | Restricted Stock Units | 127,321 | 0.00 | — | 257,337 | D | ↗ |
| 2026-01-01 | Serrano Jason T | Director / Officer | M-Exempt | A | Common Stock, par value $0.01 per share | 34,179 | 0.00 | — | 355,007 | D | ↗ |
| 2026-01-01 | Nario-Eng Kristine Rimando | Officer | M-Exempt | D | Restricted Stock Units | 24,123 | 0.00 | — | 60,554 | D | ↗ |
| 2026-01-01 | Mah Nicholas | Officer | M-Exempt | D | Restricted Stock Units | 32,122 | 0.00 | — | 178,964 | D | ↗ |
| 2009-11-04 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 1,700 | 3.37 | 5.7K | 1,187,488 | — | ↗ |
| 2009-11-03 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 6,800 | 3.25 | 22.1K | 1,185,788 | — | ↗ |
| 2009-11-02 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 2,185 | 3.27 | 7.1K | 1,178,988 | — | ↗ |
| 2009-10-30 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 3,500 | 3.31 | 11.6K | 1,176,803 | — | ↗ |
| 2009-10-29 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 592 | 3.33 | 2.0K | 1,173,303 | — | ↗ |
| 2009-10-28 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 9,033 | 3.32 | 30.0K | 1,172,711 | — | ↗ |
| 2009-10-15 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | COMMON STOCK | 50,000 | 3.25 | 162.5K | 1,163,678 | — | ↗ |
| 2009-10-05 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | Common Stock | 2,068 | 3.21 | 6.6K | 1,113,678 | — | ↗ |
| 2009-10-02 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | Common Stock | 3,665 | 3.20 | 11.7K | 1,111,610 | — | ↗ |
| 2009-10-01 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | Common Stock | 221 | 3.20 | 707.20 | 1,107,945 | — | ↗ |
| 2009-09-18 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | Common Stock | 68,500 | 3.20 | 219.2K | 1,107,724 | — | ↗ |
| 2009-09-16 | Blue TSV I, Ltd. | 10% Owner | P-Purchase | A | Common Stock | 53,830 | 3.13 | 168.5K | 1,039,224 | — | ↗ |
Executive team
Top executives
EBIT / Employee
1.97M
Shares Outstanding
90.47M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Jason T. Serrano | Chief Executive Officer & Director | 4M | male |
| Nicholas Mah | President | 3M | male |
| Kristine R. Nario-Eng | Secretary, Chief Financial Officer & Principal Accounting Officer | 2M | female |
| Steven R. Mumma | Executive Chairman | 120.0K | male |
| Kim | Managing Director | — | male |
| Kristi Mussallem | Assistant Vice President of Investor Relations | — | — |
| Joshua Eberle | Managing Director | — | — |
| Mike Aleman | Managing Director | — | male |
| Ardian Dauti | Managing Director | — | male |
| Paul Tkaczuk | Managing Director | — | male |
| Stephen L. Hogue | Managing Director | — | male |
| Adam Howse | Head of Operations | — | — |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for ADAM
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
