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Adamas Trust 9.875% Senior Notes Due 2030

ADAMH

24.43 USD

+0.06

0.25%

At close Updated Nov 13, 4:00 PM EST

1 day

0.25%

5 days

-0.24%

1 month

-1.41%

3 months

-4.01%

6 months

-4.83%

Year to date

-5.2%

1 year

-3.97%

5 years

-1.93%

10 years

-1.93%

Real Estate Diversified REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 0%

Neutral 66.7%

Negative 33.3%

Losers Of REIT Earnings Season

Strong Season, Bigger Dispersion: REIT earnings were broadly excellent, but this quarter produced a much sharper winners-and-losers dynamic, with three REITs plunging more than 40% and another dozen dipping 15%+. Mortgage Stress Reaccelerated: Commercial mREITs saw renewed delinquencies - increasingly in multifamily - while Residential mREITs absorbed sizable mark-to-market losses as the late-summer surge in rates and wider mortgage spreads. Dividend Cuts Made A Comeback: Four mortgage REITs reduced or suspended dividends during earnings season - the most cuts since the pandemic - while several additional payouts remain under review.

Losers Of REIT Earnings Season

AI Cracks Fuel REIT Comeback

U.S. equities were mixed in another volatile week as renewed weakness across AI and mega-cap technology stocks raised fresh concerns about the durability of the AI investment boom. The Fed held rates steady following September's hike, with two dissenters favoring another increase, while upgrading its assessment of economic activity from a "solid" to "strong" pace. Despite the hawkish vote, Chair Warsh struck a relatively dovish tone, declining to pre-commit to December as Treasury yields retreated for a fourth straight week.

AI Cracks Fuel REIT Comeback

Navigating This Income Market Sell-Off

We take a look at this income market sell-off and review some of the key strategies investors can use to take the most advantage of it. Relying on static buy-under targets is ineffective and potentially dangerous during both systemic and idiosyncratic drawdowns. Effective risk management requires scenario analysis, diversification, and an 'All Weather' allocation approach rather than single-outcome bets.

Navigating This Income Market Sell-Off

Low Duration Additions To Our Portfolio From Adamas Trust

Adamas Trust baby bonds, ADAMO and ADAMH, offer high yields reflecting significant credit risk due to elevated recourse leverage. ADAM's portfolio is heavily weighted toward single-family agency-backed mortgages, financed through repo agreements, increasing leverage and subordinating unsecured debt holders. Senior notes are supported by substantial common and preferred equity cushions but require vigilant monitoring and potential hedging due to sector/company risks.

Low Duration Additions To Our Portfolio From Adamas Trust

Defensive +9% Yields In The Face Of Interest Rate Uncertainty

You can read all the published reports on inflation, jobs and guess what the Fed will do next. Or you could collect a rich income stream, no matter where interest rates are headed. We choose the latter, and are cash collectors across market conditions.

Defensive +9% Yields In The Face Of Interest Rate Uncertainty

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

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

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

Adamas Trust, Inc. (ADAM) Q4 2025 Earnings Call Transcript

Adamas Trust, Inc. (ADAM) Q4 2025 Earnings Call Transcript

Adamas Trust, Inc. (ADAM) Q4 2025 Earnings Call Transcript

Adamas Trust: Mortgage REIT Preferred Share Floating At 10.8% Yield

Adamas Trust (ADAM) offers a compelling 10.8% yield on its ADAMM preferred shares, standing out among its nine income options. Despite steady net interest income growth and expanding the investment portfolio, ADAM faces heightened leverage and liquidity risks if rates rise. I remain cautious on ADAM common shares due to persistent book value declines and a history of dividend cuts.

Adamas Trust: Mortgage REIT Preferred Share Floating At 10.8% Yield

Adamas Trust, Inc. (ADAM) Q3 2025 Earnings Call Transcript

Adamas Trust, Inc. ( ADAM ) Q3 2025 Earnings Call October 30, 2025 9:00 AM EDT Company Participants Kristi Mussallem Jason Serrano - CEO & Director Kristine Nario - Secretary, CFO & Principal Accounting Officer Nicholas Mah - President Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Jason Weaver - JonesTrading Institutional Services, LLC, Research Division Presentation Operator " Kristi Mussallem " Jason Serrano CEO & Director " Kristine Nario Secretary, CFO & Principal Accounting Officer " Nicholas Mah President " Bose George Keefe, Bruyette, & Woods, Inc., Research Division " Keefe, Bruyette, & Woods, Inc., Research Division Jason Weaver JonesTrading Institutional Services, LLC, Research Division " JonesTrading Institutional Services, LLC, Research Division [":p id="A00"name="Unknown Analyst" type="A" />" Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Adamas Trust Third Quarter 2025 Results Conference Call.

Adamas Trust, Inc. (ADAM) Q3 2025 Earnings Call Transcript

Tempted By Adamas Trust's Baby Bonds

Adamas Trust, Inc. offers compelling value in its baby bonds, which yield nearly 10% and trade below or around par. ADAM's strong credit metrics, high asset quality, and 20-year dividend history support the safety of its baby bonds. The baby bonds (ADAMG, ADAMH, ADAMI) provide better risk-adjusted returns than ADAM's preferred stocks, with lower duration and credit risk.

Tempted By Adamas Trust's Baby Bonds

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