Adamas Trust, Inc. ADAM
Adamas Trust, Inc. is an internally managed real estate investment trust focused on strategically deploying capital across complementary businesses to generate durable earnings and long-term value for stockholders through disciplined portfolio management and an operating platform designed to capture opportunities across real estate and capital markets.
Snapshot
Reported FFO / EAD / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-23 | 2026-06-23 | 2026-07-28 | 2026-06-11 | $0.27 | Quarterly |
| 2026-03-30 | 2026-03-30 | 2026-04-28 | 2026-03-19 | $0.23 | Quarterly |
| 2025-12-22 | 2025-12-22 | 2026-01-28 | 2025-12-11 | $0.23 | Quarterly |
| 2025-09-25 | 2025-09-25 | 2025-10-30 | 2025-09-15 | $0.23 | Quarterly |
| 2025-06-23 | 2025-06-23 | 2025-07-30 | 2025-06-12 | $0.20 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-28 | 2025-03-20 | $0.20 | Quarterly |
| 2024-12-20 | 2024-12-20 | 2025-01-23 | — | $0.20 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-28 | — | $0.20 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-29 | — | $0.20 | Quarterly |
| 2024-03-22 | 2024-03-25 | 2024-04-25 | — | $0.20 | Quarterly |
| 2023-12-22 | 2023-12-26 | 2024-01-26 | — | $0.20 | Quarterly |
| 2023-09-20 | 2023-09-21 | 2023-10-26 | — | $0.30 | Quarterly |
| 2023-06-15 | 2023-06-16 | 2023-07-26 | — | $0.30 | Quarterly |
| 2023-03-17 | 2023-03-20 | 2023-04-26 | — | $0.40 | Quarterly |
| 2022-12-23 | 2022-12-27 | 2023-01-26 | — | $0.40 | Quarterly |
| 2022-09-23 | 2022-09-26 | 2022-10-26 | — | $0.40 | Quarterly |
| 2022-06-24 | 2022-06-27 | 2022-07-25 | — | $0.40 | Quarterly |
| 2022-03-23 | 2022-03-24 | 2022-04-25 | — | $0.40 | Quarterly |
| 2021-12-23 | 2021-12-27 | 2022-01-25 | — | $0.40 | Quarterly |
| 2021-09-22 | 2021-09-23 | 2021-10-25 | — | $0.40 | Quarterly |
| 2021-06-23 | 2021-06-24 | 2021-07-26 | — | $0.40 | Quarterly |
| 2021-03-24 | 2021-03-25 | 2021-04-26 | — | $0.40 | Quarterly |
| 2020-12-16 | 2020-12-17 | 2021-01-25 | — | $0.40 | Quarterly |
| 2020-09-23 | 2020-09-24 | 2020-10-26 | — | $0.30 | Quarterly |
Coverage (payout of operating cash flow): 73.73%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $805.53M | $149.05M | $39.70M | $177.51M | $134.04M |
| 2024 | $558.92M | $-62.03M | $60.04M | $-32.88M | $14.07M |
| 2023 | $500.80M | $-48.66M | $52.12M | $-25.60M | $29.95M |
| 2022 | $138.11M | $-298.61M | $152.96M | $-187.15M | $91.78M |
| 2021 | $380.19M | $193.20M | $51.39M | $242.32M | $138.91M |
| 2020 | $147.98M | $-288.51M | $0.00 | $-66.75M | $111.08M |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.