ADAMAdamas Trust, Inc.
Adamas Trust, Inc. (ADAM) is a real estate investment trust (REIT) that owns and operates a diversified portfolio of commercial real estate assets, primarily focused on industrial and data center properties. The next catalyst is Oct 14, 2026 — Adamas Trust Declares Q3 Preferred Dividends Up to $0.50, which will test the company’s ability to maintain its dividend payout and signal confidence in its cash flow generation.
- ADAM’s free cash flow (TTM) stands at $123.93M, with a debt-to-equity ratio of 0.52x.
- Shareholders’ equity is $1.43B, and the company reported diluted EPS of $0.47 for the period ending June 30, 2026.
- Net income for the same period was $157.15M.
The Read
ADAM's stock historically showed a median absolute move of ~1%.
The schedule
- Mon12Oct
Cerebras Systems: Adam Johnson warns the AI chip stock is too expensive
- Wed14Oct
The dividend declaration tests the market's appetite for yield in a low-rate environment, contrasting with the last dividend print that saw a pullback due to liquidity concerns.
- Mon19Oct
The warning tests the stock's resilience against narrative-driven selling, which historically has led to short-term dips but not long-term damage.
- Tue27Oct
Earnings will test the company's ability to deliver consistent guidance and margin expansion, which is critical for sustaining the current valuation.
- Sat12Dec
The dividend declaration will test the market's reaction to a potential increase, which could signal confidence in the company's cash flow generation.
- Thu31Dec
The FAQ will test the market's confidence in the company's strategic direction and transparency, which is critical for long-term investor sentiment.
- Tue26Jan
The earnings release will test the company's ability to meet or exceed expectations, which is critical for maintaining investor confidence and valuations.
- Tue23Mar
The stock analysis will test the market's perception of the company's fundamentals and growth potential, which can influence short-term trading activity.
- Tue27Apr
The earnings release will test the company's ability to deliver consistent performance and guidance, which is critical for maintaining investor confidence and valuations.
- Thu15Jul
The dividend declaration will test the market's appetite for yield in a low-rate environment, which is critical for sustaining the current valuation.
- Tue27Jul
The earnings release will test the company's ability to deliver consistent performance and guidance, which is critical for maintaining investor confidence and valuations.
Past
- Wed16Sep
Actual outcome: Bear · $8.61 at outcome
The stock fell below the bear floor following the FOMC Rate Decision, reflecting heightened sensitivity to rising interest rates. The event triggered increased funding costs and reduced asset yields for ADAM, pressuring its levered mortgage portfolio. The price action confirmed the bear case as market participants discounted the impact of tighter monetary policy on the company's valuation.
The September 2026 FOMC meeting will reset expectations for the Fed funds path and term spreads, directly influencing Adamas Trust’s funding costs, asset yields, and book value volatility from its highly levered mortgage portfolio.
- Tue28Jul
Actual outcome: Bull · $9.44 at outcome
Adamas Trust met earnings estimates of $0.41 per share but delivered fourth consecutive quarter of book value growth, bolstered by a Zacks Strong Buy upgrade and significant institutional buying. The rally was driven by positive guidance on net interest income momentum and leverage, alongside the Bessemer Group's 48,152.5% stake increase, reinforcing investor confidence despite the neutral EPS report.
Q2 2026 results and the quarterly dividend decision will update investors on net interest income momentum, book value per share, and leverage as Adamas Trust trades at its 52-week high around $9.51.
- Wed17Jun
Actual outcome: Mixed · $9.13 at outcome
Adamas Trust experienced a muted 1.1% price increase as the market digested the Federal Reserve's latest interest rate policy and its implications for the company's Net Interest Margin. The stock's relatively flat reaction was supported by the company's prior declaration of a steady $0.27 per share quarterly cash dividend, which provided income stability amidst broader rate uncertainty.
Adamas Trust experienced a muted 1.1% price increase as the market digested the Federal Reserve's latest interest rate policy and its implications for the company's Net Interest Margin. The stock's relatively flat reaction was supported by the company's prior declaration of a steady $0.27 per share quarterly cash dividend, which provided income stability amidst broader rate uncertainty.
- Tue12May
Actual outcome: Mixed · $8.92 at outcome
Adamas Trust reported Q1 2026 EPS of $0.41, exactly meeting analyst estimates. While the company highlighted that net interest income more than tripled year-over-year driven by portfolio growth to nearly $11 billion and improved asset yields, this was accompanied by a significant increase in leverage. The stock remained flat as the market weighed the strong income growth against the rising risk profile and in-line earnings.
Adamas Trust reported Q1 2026 EPS of $0.41, exactly meeting analyst estimates. While the company highlighted that net interest income more than tripled year-over-year driven by portfolio growth to nearly $11 billion and improved asset yields, this was accompanied by a significant increase in leverage. The stock remained flat as the market weighed the strong income growth against the rising risk profile and in-line earnings.
- Tue17Feb
Actual outcome: Bear · $8.02 at outcome
Adamas Trust met EPS estimates exactly at $0.46, but the lack of an earnings beat or positive surprise regarding book value per share failed to catalyze the stock. Broader market concerns about Agency mREITs potentially being 'yield traps' and uncertainty surrounding 2026 dividend sustainability pressured the price, causing it to break below the $7.90 bear floor by the run date.
Adamas Trust met EPS estimates exactly at $0.46, but the lack of an earnings beat or positive surprise regarding book value per share failed to catalyze the stock. Broader market concerns about Agency mREITs potentially being 'yield traps' and uncertainty surrounding 2026 dividend sustainability pressured the price, causing it to break below the $7.90 bear floor by the run date.
