Adamas Trust stock
ADAMNASDAQAdamas Trust, Inc., Real EstateISIN US6496048405
37Score 37 out of 100, Weak
Price and trend
24 / 100
Price history
−26% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 37% below it.
Since October 2026 the 50-day line has been below the 200-day line; the trend has turned down.
Sharply down: the price has fallen very quickly lately (RSI 16).
The price is 48% below its 52-week high. Largest decline in 20 years: 97% (February 2007 to March 2020).
Chart figures for advanced users
- SMA 50$7.81
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$8.44
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)16
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$5.33
- The lowest closing price of the last twelve months.
- Resistance$10.23
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Adamas Trust, Inc. belongs to the REIT (Mortgage) industry (United States) and, with a market value of $481.32M, is number 16 of 19 companies in its industry on MEQIRI.
- MEQIRI Score 37 out of 100 (Weak): rank 304 of 327 in Real Estate, median 55.
- For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
Show more
- Our model puts fair value at $8.11, with the price 34% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
None of our strength checks applies.
Weaknesses
- Dividend at riskDividend yield 19.3%. At yields this high (15% or more), the dividend was cut by at least a fifth within a year in 69 of 100 cases from 2011 to 2025, against 7 of 100 at 2 to 4%.Capital allocation 21
- Interest barely coveredOperating profit covers interest only 1.3 times.Stability 29
- Loss-makingLoss of $1.83M over the last 12 months.Fundamentals 51
Its standout strength is valuation, while capital allocation and momentum hold the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
The fundamentals are in the middle range.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- price far below its 52-week high
- weak momentum
- weak fundamentals
Valuation
Valuation signal
Possible value trapIn our model the price counts as cheap below $5.79 and expensive above $13.52 (uncertainty high, mortgage REIT, the fair value is book value alone).
Possible value trap: looks cheap, but score below 50, high risk.
Valuation metrics
For mortgage REITs the fair value is book value per share: equity excluding preferred stock from the latest balance sheet, divided by the shares on the same date. The signal therefore assumes at least high uncertainty.
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 40.7% on the twelve months before. Revenue has grown strongly since 2023, at around 27% per year. From 2023 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 44%, operating 17%, net 19%. Last 12 months: net 0%. From 2023 revenue is reported differently (for example gross instead of net), so earlier years are not comparable and not shown.
Debt & balance sheet
latest quarterDebt is elevated. Keep an eye on the interest burden and refinancing.
Earnings
- Next earnings
- 17 Feb 2027in 96 days
- Last reported
- 28 Oct 2026EPS reported −$1.89 (expected $0.21)below expectations
Analyst estimates
Analysts have cut their 2026 earnings estimate by 109.7% since 15 Oct 2026. Falling estimates often precede bad news.
- Earnings per share
- −$0.13−109.7%
- Revenue
- $283.54M0.0%
- Earnings per share
- $1.04+1.2%
- Revenue
- $292.52M0.0%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +4.9%No numerical guidance; expects about $3 million of annual cost savings and an earnings pickup from rotating into spec pools, 56% agency allocation to stay largely unchanged.
“Given current market spreads, we expect that our 56% capital allocation to agencies to remain largely unchanged with new purchases expected to generally offset paydowns in this strategy.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 30 Jul 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Adamas Trust
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
327 rated companies in Real Estate
- This company
- 37
- Sector median
- 55
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in REIT (Mortgage)
The next larger and next smaller companies by market value
- MFA FinancialMFA $590.13M42
- Chimera InvestmentCIM $566.73M37
- Invesco Mortgage CapitalIVR $536.36M40
- TPG RE Finance TrustTRTX $503.49M52
- Franklin BSP Realty TrustFBRT $484.87M52
- BrightSpire CapitalBRSP $400.21M41
- Redwood TrustRWT $371.81M33
- KKR Real Estate Finance TrustKREF $318.72M32
ETFs that hold Adamas Trust
Held by 3 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares S&P SmallCap 600 UCITS ETFIUS3 | 0.03% | 0.30% | €2.28B |
| iShares MSCI USA Small Cap CTB Enhanced ESG UCITS ETFSXRG | 0.01% | 0.43% | €2.48B |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.01% | 0.35% | €8.19B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 11 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 29 Oct 2026)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.