Adamas Trust Inc
Adamas Trust Inc (ADAM) is listed on NASDAQ and classified in REIT - Mortgage, part of the Real Estate sector. It is headquartered in New York, United States and has 221 employees. The company is worth $686.68M and trades at 4.5x its earnings of the last twelve months; the median for its sector is 22.1x. The share price is 26.3% below its 52-week high of $10.36. It pays a dividend yielding 15.71%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $2.59M. In that quarter, 1 of them opened or added to the position and 1 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -48.8% over 5Y.
today you would have $827.85▼ -17.2%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 16 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $7.30 | $6.06 | $8.53 | $10.24 | $14.88 | $14.76 | $24.92 | $23.56 | $24.68 | $26.40 | $21.32 | $30.84 | $27.96 | $25.28 | $28.84 | $27.84 | |
| P/E | 9.5x | 6.6x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 15.7% dividend yield. Growth capped at 25%.
Median P/E of 22.1 among peers in the sector.
Median P/E of 9.5 across this company’s own years on record.
Cash flow growing 5.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.1x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 0.0% a year against a 10.5% required return, from the stock’s beta.
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| AGNTAGNT, Inc. | $4.17 | — | 2.5x | 4.80% | -6.89% | $696.88M |
| CLDTChatham Lodging Trust | $14.25 | 178.1x | 0.9x | 2.81% | 1.57% | $697.75M |
| MFAMFA Financial Inc | $6.62 | 6.6x | 0.4x | 21.75% | 8.24% | $669.2M |
| CIMChimera Investment Corp | $8.45 |
| — |
| — |
| — |
| 9.9x |
| — |
| 9.7x |
| 9.7x |
| 9.3x |
| 13.2x |
| 8.6x |
| 5.2x |
| 6.3x |
| 5.9x |
| 15.7x |
| 9.7x |
| P/B | 0.8x | 0.5x | 0.4x | 0.5x | 0.5x | 0.6x | 0.6x | 1.1x | 0.9x | 0.7x | 0.9x | 0.7x | 1.0x | 1.1x | 1.0x | 1.2x | 957.9x |
| EPS | $1.10 | -$1.14 | -$0.99 | -$3.61 | $1.51 | -$3.56 | $2.56 | $2.44 | $2.64 | $2.00 | $2.48 | $5.92 | $4.44 | $4.32 | $1.84 | $2.88 |
| Dividend yield | 13.94% | 11.78% | 13.20% | 14.07% | 15.63% | 10.75% | 6.10% | 12.84% | 13.58% | 12.97% | 14.55% | 19.14% | 14.01% | 15.45% | 16.77% | 13.87% | 14.94% |
| Payout | 123.11% | 78.18% | — | — | — | 105.96% | — | 125.00% | 131.15% | 121.21% | 192.00% | 164.52% | 72.97% | 97.30% | 98.15% | 217.39% | 144.44% |
| ROE | 8.49% | 10.45% | -4.45% | -3.08% | -16.90% | 8.25% | -12.54% | 7.88% | 8.72% | 9.46% | 7.97% | 8.86% | 16.65% | 14.35% | 8.78% | 5.60% | 9.94% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+126.5% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 0.3x |
| 21.30% |
| 0.05% |
| $706.81M |
| STRWStrawberry Fields REIT, Inc. | $12.86 | 19.8x | 21.9x | 5.29% | 72.67% | $726.84M |
| FPHFive Point Holdings, LLC | $4.35 | 6.1x | 0.4x | 0.00% | 5.99% | $643.38M |