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Adamas Trust, Inc. (ADAMN)

Real Estate | REIT - Mortgage | New York, United States | NasdaqGS
23.85 USD -0.18 (-0.749%) ⇩ (July 13, 2026, 4 p.m. EDT)
After hours: 23.96 +0.11 (0.461%) ⇧ (July 13, 2026, 4:10 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★☆☆☆☆Dividends:★★⯪☆☆
Hot Take | July 11, 2026, 3:56 a.m. EDT

The immediate outlook is flat due to a severe disconnect between the company's precarious balance sheet and its current trading price. While the stock trades near its 52-week high, the underlying fundamentals reveal a distressed mortgage REIT with a debt-to-equity ratio exceeding 765x and a current ratio below 0.8, indicating significant liquidity strain. The market appears to be pricing in a survival scenario rather than growth, evidenced by the extremely high enterprise-to-revenue multiple of 42x despite stagnant revenue growth. For the long term, the investment case is weak; the business has failed to generate meaningful capital appreciation over the last seven years, posting a nearly 10% cumulative loss while struggling to maintain consistent growth momentum. The dividend, while yielding over 8%, is likely unsustainable given the massive debt load and thin operating cash flow relative to obligations, suggesting the payout may eventually be cut to preserve solvency. Investors should view this as a speculative recovery play at best, not a core holding.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.019524
MSTL_1260.020169
AutoETS0.025100
AutoARIMA0.028653
AutoTheta0.029278
MSTL_57_1260.029958
MSTL_570.032434

Forecast horizon: 60 days | Selected: MSTL

Forecast Reliability
Score 53%
H-stat 4.25
Ljung-Box p 0.000
Jarque-Bera p 0.382
Excess Kurtosis 0.01
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-30
Last Dividend Date 2026-06-30
Debt to Equity Ratio 765.203
Revenue per Share 3.579
Beta 1.24
Profit Margins 48.08%
Previous Name New York Mortgage Trust, Inc.
Website https://www.adamasreit.com

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.14% 9.03% 9.20% 9.38%
Dividend History
Date Dividend Yield %
2026-07-01 0.500 2.139495
2026-04-01 0.500 2.291476
2025-12-31 0.500 2.308403
2025-10-01 0.500 2.294736
2025-07-01 0.500 2.410800
2025-04-01 0.500 2.299591
2024-12-31 0.500 2.200704
2024-10-01 0.500 2.140411
2024-07-01 0.500 2.402691
2024-03-28 0.500 2.305210
2023-12-28 0.500 2.340824
2023-09-28 0.500 2.466943
2023-06-29 0.500 2.478929
2023-03-30 0.500 2.601457
2022-12-29 0.500 2.785515
2022-09-29 0.500 2.941176
2022-06-30 0.500 2.482622
2022-03-31 0.500 2.079002
2021-12-30 0.500 1.953888
2021-09-30 0.500 1.968504
2021-06-30 0.500 1.931994
2021-03-31 0.500 2.016942
2020-12-30 0.500 2.222222
2020-09-30 0.500 2.415459
2020-06-30 1.000 5.104645
2019-12-30 0.500 1.993620
2019-09-30 0.500 2.007226
2019-06-28 0.500 2.047502
2019-03-29 0.500 2.112379
2018-12-28 0.500 2.350729
2018-09-28 0.500 2.077275
2018-06-28 0.500 2.123142
2018-03-28 0.500 2.133106
2017-12-28 0.511 2.078926
Additional Data
dividendRate 2.0
dividendYield 8.32
exDividendDate 2026-07-01
trailingAnnualDividendRate 0.89
trailingAnnualDividendYield 0.037037034
lastDividendValue 0.5
lastDividendDate 2026-07-01
dividendDate 2026-04-15

Info Dump

Attribute Value
52 Week Change 0.11975765
Address1 90 Park Avenue
Address2 Floor 23
All Time High 26.49
All Time Low 3.57
Ask 23.89
Ask Size 1
Average Daily Volume10 Day 10,140
Average Daily Volume3 Month 10,719
Average Volume 10,719
Average Volume10Days 10,140
Beta 1.242
Bid 23.8
Bid Size 1
Book Value 10.193
City New York
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 23.85
Current Ratio 0.817
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 23.95
Day Low 23.85
Debt To Equity 765.203
Display Name Adamas Trust
Dividend Date 1,776,211,200
Dividend Rate 2.0
Dividend Yield 8.32
Earnings Growth 0.212
Earnings Quarterly Growth 0.153
Ebitda Margins 0.0
Enterprise To Revenue 42.144
Enterprise Value 13,629,523,968
Esg Populated 0
Ex Dividend Date 1,782,864,000
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 23.63754
Fifty Day Average Change 0.21245956
Fifty Day Average Change Percent 0.008988226
Fifty Two Week Change Percent 11.975765
Fifty Two Week High 24.285
Fifty Two Week High Change -0.43499947
Fifty Two Week High Change Percent -0.01791227
Fifty Two Week Low 21.01
Fifty Two Week Low Change 2.8400002
Fifty Two Week Low Change Percent 0.13517374
Fifty Two Week Range 21.01 - 24.285
Financial Currency USD
First Trade Date Milliseconds 1,509,370,200,000
Five Year Avg Dividend Yield 9.17
Float Shares 83,824,239
Full Exchange Name NasdaqGS
Full Time Employees 221
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.75
Gross Profits 242,552,000
Has Pre Post Market Data 1
Held Percent Insiders 0.0
Held Percent Institutions 0.42253
Industry REIT - Mortgage
Industry Disp REIT - Mortgage
Industry Key reit-mortgage
Language en-US
Last Dividend Date 1,782,864,000
Last Dividend Value 0.5
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Adamas Trust, Inc.
Market us_market
Market State POSTPOST
Max Age 86,400
Message Board Id finmb_8322482
Most Recent Quarter 1,774,915,200
Name Change Date 2,026-07-13
Net Income To Common 107,718,000
Next Fiscal Year End 1,798,675,200
Open 23.91
Operating Cashflow 91,507,000
Operating Margins 0.44512
Phone 212 792 0107
Post Market Change 0.1099987
Post Market Change Percent 0.4612105
Post Market Price 23.96
Post Market Time 1,783,973,403
Prev Name New York Mortgage Trust, Inc.
Previous Close 24.03
Price Hint 2
Price To Book 2.3398411
Profit Margins 0.48081002
Quick Ratio 0.772
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.1800003
Regular Market Change Percent -0.7490649
Regular Market Day High 23.95
Regular Market Day Low 23.85
Regular Market Day Range 23.85 - 23.95
Regular Market Open 23.91
Regular Market Previous Close 24.03
Regular Market Price 23.85
Regular Market Time 1,783,972,800
Regular Market Volume 3,421
Return On Assets 0.01642
Return On Equity 0.13015
Revenue Growth 0.107
Revenue Per Share 3.579
Sand P52 Week Change 0.20847368
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Shares Short 18,707
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 27,126
Short Name Adamas Trust, Inc. - 8.00% Seri
Short Ratio 3.07
Source Interval 15
State NY
Symbol ADAMN
Total Cash 210,754,000
Total Cash Per Share 2.345
Total Debt 11,155,263,488
Total Revenue 323,403,008
Tradeable 0
Trailing Annual Dividend Rate 0.89
Trailing Annual Dividend Yield 0.037037034
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 22.636974
Two Hundred Day Average Change 1.213026
Two Hundred Day Average Change Percent 0.05358605
Type Disp Equity
Volume 3,421
Website https://www.adamasreit.com
Zip 10,016