Adamas Trust

ADAM

Market cap $807M

Dividend Power strategy targets 35 high-yield, low-valuation stocks, with six 'safer' picks showing free cash flow yields exceeding dividend yields. Top ten Dividend Power stocks project average net gains of 50.29% by June 2027, with analyst targets supporting substantial upside potential. Nine of the top ten yielding names are financials, with MFA Financial, Invesco Mortgage Capital, and Chicago Atlantic Real Estate among the highest projected returns.

Here is how Adamas Trust (ADAM) and Bankwell Financial Group, Inc. (BWFG) have performed compared to their sector so far this year.

Here is how Adamas Trust (ADAM) and Accelerant Holdings (ARX) have performed compared to their sector so far this year.

Not Every REIT Joined The Rally: Part 2 focuses on laggards and in-line performers - sectors where recovery timelines slipped, results underwhelmed, or elevated rates exposed lingering balance sheet issues. Weakness centered on Farmland, Commercial Mortgage, Lab Space, and Self-Storage REITs, where delayed troughs, credit provisions, book-value pressure, weak rents, and refinancing constraints persisted. Mortgage Stress Hasn't Fully Cleared: Commercial mortgage REITs still faced multifamily bridge-loan and office credit stress, while residential mortgage REITs saw book values pressured by rate volatility and uneven dividend-coverage.

REIT earnings results were considerably better than consensus expectations, with 58 REITs - or 59% - raising full-year FFO guidance, well above the typical Q1 raise rate of 40-45%. REITs have extended their year-to-date outperformance despite the recent jump in interest rates, as better earnings results and improving property-level trends helped offset renewed macro pressure. Upside standouts included Hotel, Senior Housing, Data Center, Billboard, Cold Storage, Net Lease, and Retail REITs. Residential REITs saw improving rent growth trends as supply growth finally eases.

Adamas Trust, Inc., formerly New York Mortgage Trust, offers high-yielding income options including common, preferred shares, and baby bonds. Net interest income has more than tripled year-over-year, driven by portfolio growth to nearly $11 billion and improved asset yields. Leverage has increased significantly, with recourse leverage rising from 3.4x to 5.2x, elevating interest rate and liquidity risks.

U.S. equity markets advanced for a fifth straight week - their longest winning streak since 2024 - as strong earnings, resilient data, and hopes for lasting Iran peace fueled optimism. Investors looked through another oil-price surge and inflationary pressure, focusing instead on corporate resilience and economic strength despite a complex macro backdrop shaped by geopolitical and policy uncertainty. The Fed held rates steady in an unusually fractured 8-4 vote, while Powell's plan to remain on the Board broke precedent and raised politically charged succession questions.

Adamas Trust, Inc. (ADAM) Q1 2026 Earnings Call Transcript

Adamas Trust (ADAM) came out with quarterly earnings of $0.29 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.2 per share a year ago.

NEW YORK, April 29, 2026 (GLOBE NEWSWIRE) -- Adamas Trust, Inc. (Nasdaq: ADAM) (“Adamas,” the “Company,” “we,” “our” or “us”) today reported results for the three months ended March 31, 2026. Financial Highlights: GAAP basic earnings per share of $0.41 Earnings available for distribution (or "EAD") (1)  per common share of $0.29, up 45% year-over-year and 26% quarter-over-quarter, reflecting continued portfolio expansion and earnings momentum Quarterly economic return (2) of 6.35%; Quarterly economic return on adjusted book value (1)(2) of 3.76% Book value per share of $9.98, up 4.0% quarter-over-quarter Adjusted book value (1) per share of $10.80, up 1.6% quarter-over-quarter Total net interest income of $48.4 million, up 12.1% quarter-over-quarter; Total adjusted net interest income (1) of $48.2 million, up 3.9% quarter-over-quarter Declared first quarter common stock dividend of $0.23 per share, representing a 12.50% annualized yield (3) Cumulative stockholder return (4) of 4.06% for the quarter; 28.58% over the last twelve months Company Recourse Leverage Ratio of 5.2x; Portfolio Recourse Leverage Ratio of 4.9x Management Update To Our Stockholders Jason Serrano, Chief Executive Officer, commented: “Adamas delivered strong first quarter results, with continued growth in earnings and book value despite a volatile macro environment.