Adamas Trust, Inc. (ADAM)
Real Estate · NMS
Fundamentals
Valuation and ratings
Adamas Trust, Inc. trades at USD8.83, which is 124% below the USD19.76 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 63 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 7.9 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
ADAM dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.500 | 2 |
| 2025 | USD0.860 | 4 |
| 2024 | USD0.800 | 4 |
| 2023 | USD1.20 | 4 |
| 2022 | USD1.60 | 4 |
| 2021 | USD1.60 | 4 |
| 2020 | USD0.900 | 3 |
| 2019 | USD3.20 | 4 |
| 2018 | USD3.20 | 4 |
| 2017 | USD3.20 | 4 |
| 2016 | USD3.84 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
ADAM earnings and analyst estimates
Recommendation mix, 7 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Adamas Trust, Inc.
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.
ADAM passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
5 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$1.66M · 0.0% of book
- Two Sigma, TWO SIGMA INVESTMENTS, LP$1.23M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$476.6K · 0.0% of book
- Arrowstreet Capital, ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$445.5K · 0.0% of book
- Paul Tudor Jones, TUDOR INVESTMENT CORP ET AL$326.4K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Adamas Trust, Inc. (ADAM) undervalued?
Against our discounted cash flow estimate of USD19.76, ADAM at USD8.83 is 124% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own ADAM?
5 of the institutions we track reported a position in ADAM in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is ADAM's P/E ratio?
ADAM trades at 7.9 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Adamas Trust, Inc. (ADAM) pay a dividend?
Yes. Adamas Trust, Inc. yields 10.40% at the current share price. It has paid USD0.960 per share over the trailing twelve months. It has paid a dividend in each of the last 22 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does ADAM report earnings next?
Adamas Trust, Inc. is scheduled to report on 29 Jul 2026. Companies move earnings dates, so read it as scheduled rather than certain.
The full research page for ADAM, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.