Adamas Trust, Inc.(ADAMH)

$25.42—

Chart

Adamas Trust, Inc.(ADAMH)

NASDAQ

$25.42—

Chart Studio

ADAMH(ADAMH)

ADAMH

Overview Stream Notebook Intelligence Chart History Fundmntls TTM Earnings Analysts News Financials Segments Insiders Institl.DCF Peers

8/5/26

ADAMAS TRUST (ADAMH)

Wednesday

5:14 PM

Thesis: Recent trends in rising interest rates and regulatory scrutiny are creating headwinds for mortgage REITs, including Adamas Trust.

Revenue Outlook

Metric	FY2024	FY2025
Revenue	$559M	$806M
Rev. Growth	+11.6%	+44.1%
EPS	$-1.14	$1.12
EPS Growth	-15.2%	+198%
P/E	—	22.7×

What Could Go Wrong

1Potential regulatory changes could tighten lending standards, impacting the availability of mortgage loans.
2Rising interest rates could compress net interest margins, affecting profitability.
3Potential regulatory changes in the mortgage industry that could affect profitability
4Long-term shifts in consumer behavior towards homeownership
5Increased competition from other mortgage REITs and traditional banks
6Emerging fintech companies offering alternative mortgage solutions
7High debt-to-equity ratio (7.70) increases financial risk during downturns
8Liquidity risks associated with market volatility

FY2025 Snapshot

Revenue: $806M
Rev. Growth: +44.1%
Gross Margin: 43.8%
Op. Margin: 17.1%
Net Margin: 18.5%
Net Income: $149M
NI Growth: +340%
EPS: $1.12
1Y Return: +11.4%

ADAMH Chart

My Notes

"Management noted, 'We are closely monitoring the impact of interest rate fluctuations on our portfolio.'"
Moat: Adamas Trust's competitive advantage is bolstered by its diversified portfolio and active management strategy.
Watch: The rise of fintech companies offering innovative mortgage solutions poses a significant threat to traditional mortgage REITs.
value - The low Price/Book ratio (0.6x) indicates potential for value-oriented investors.
Rising interest rates can increase financing costs and compress net interest margins…
Watch on earnings: 30-Year Fixed Mortgage Rate (MORTGAGE30US), S&P/Case-Shiller Home Price Index (CSUSHPINSA), High Yield Credit Spreads (BAMLH0A0HYM2).

One Sentence Summary:

The bear case: potential regulatory changes could tighten lending standards, impacting the availability of mortgage loans.

Auto-composed from Stock Alarm intelligence, financial statements, and analyst estimates. Not investment advice.

Writing up the research note…

First read for a new ticker takes about 20–30 seconds while we build the analysis from the latest fundamentals, estimates, and intelligence. It's saved after this, so future visits are instant.

Explore More

S&P 500 Screener

Filter and sort all 500 stocks

Market Movers

Today's biggest gainers and losers

Market Heatmap

Visual sector performance

Metric

FY2024

FY2025

P/E

—

22.7×

What Could Go Wrong

1Potential regulatory changes could tighten lending standards, impacting the availability of mortgage loans.

2Rising interest rates could compress net interest margins, affecting profitability.

3Potential regulatory changes in the mortgage industry that could affect profitability

4Long-term shifts in consumer behavior towards homeownership

5Increased competition from other mortgage REITs and traditional banks

6Emerging fintech companies offering alternative mortgage solutions

7High debt-to-equity ratio (7.70) increases financial risk during downturns

8Liquidity risks associated with market volatility

My Notes

"Management noted, 'We are closely monitoring the impact of interest rate fluctuations on our portfolio.'"

Moat: Adamas Trust's competitive advantage is bolstered by its diversified portfolio and active management strategy.

Watch: The rise of fintech companies offering innovative mortgage solutions poses a significant threat to traditional mortgage REITs.

value - The low Price/Book ratio (0.6x) indicates potential for value-oriented investors.

Rising interest rates can increase financing costs and compress net interest margins…

Watch on earnings: 30-Year Fixed Mortgage Rate (MORTGAGE30US), S&P/Case-Shiller Home Price Index (CSUSHPINSA), High Yield Credit Spreads (BAMLH0A0HYM2).