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← CockpitCompetitor Analysis › ADAM Adamas Trust, Inc.Open in the cockpit ↗

Adamas Trust, Inc.ADAMCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum laggard 9
Mkt cap
$514M
US dollars, full cap
Free float
93%
of shares outstanding
$/day
$9.70M
20-day average traded
Fwd P/E
5.6×
forward earnings
ROIC−WACC
n/a
WACC 5.7%
Hurdle
n/a
no reverse DCF
Next earnings
110 days
24 Feb 2027
Close · USD$5.69
1D-3.9%
1W-13.0%
1M-25.6%
3M-41.9%
6M-35.6%
YTD-22.1%
1Y-17.5%
ATR %6.2%
Beta1.12
52w lowhigh45.1% off high

What Adamas Trust does

Employees: 221

Adamas Trust at a glance

Size Adamas Trust (ADAM) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $514M, the 2677th largest of 3,117 United States companies the cockpit tracks. Shares closed at $5.69 on 6 Nov 2026.

Performance Over six months the shares fell 35.6%, against -6.9% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth Revenue grew 34.6% over the last twelve months (peer median +5.9%); the operating margin is 58.1% (peer median 46.5%).

Valuation It trades at 5.6× forward earnings against a peer median of 14.9× (cheapest of 14).

Short interest Short interest is 3.6% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 2026Peer median 93ADAM 66
Six months, rebased to 100: Adamas Trust against the median of its 20 peers (local-currency closes).

Adamas Trust financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$847M$672M$509M$391M$423M
Revenue growth—+32%+30%-8%—
Gross profit$735M$547M$303M$164M$124M
EBITDA$512M$633M$288M$206M-$122M
Net income-$1.82M$149M-$62.0M-$48.7M-$299M
Free cash flow$110M$126M-$10.6M-$20.4M-$111M
Capital expenditure$4.57M$9.00M$26.7M$50.5M$209M
Total debt$12.0B$11.0B$7.57B$5.28B$3.39B

Quarterly statements and history in the cockpit →

Adamas Trust competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%365550TRTXDXIAPR-UN293940GOODRFF8977180305ABGAP-UN180203YTSTSREI0435BDNMHC-UNADAM6-month return →1-month return →
Up and to the right = strong over both horizons. Adamas Trust is the large dot.

Fundamentals: revenue growth against valuation

-40%-20%0%+20%+40%20×40×60×365550TRTXDXIAPR-UN293940GOODRFF8977ABGUHTCREIMHC-UNADAMRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Adamas Trust is the large dot.

Adamas Trust competitors and peer comparison

How Adamas Trust compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Adamas Trust against its 20 peers (data as of 6 Nov 2026)
MeasureADAMPeer medianRank in peer set
1-month return-25.6%+3.5%2nd lowest of 21
6-month return-35.6%-6.9%3rd lowest of 21
Distance from 52-week high-45.1%-18.5%2nd lowest of 21
Revenue growth (TTM)+34.6%+5.9%3rd highest of 20
Operating margin58.1%46.5%10th highest of 21
Forward P/E5.6×14.9×cheapest of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Adamas Trust ADAMUnited States$514M-36%+35%58%5.6×n/an/a
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%49%25.7×n/an/a
TPG RE Finance Trust TRTXUnited States$512M-21%+6%73%6.2×n/an/a
Dexus Industria REIT DXI.AXAustralia$525M+3%-12%75%14.9×n/an/a
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%78%12.5×n/an/a
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%63%24.0×n/an/a
Gladstone Commercial GOODUnited States$497M-21%+11%39%64.4×n/an/a
Rural Funds RFF.AXAustralia$532M-1%+7%44%16.9×n/an/a
Hankyu Hanshin REIT 8977.TJapan$533M-19%-38%34%18.4×n/an/a
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a10%n/an/an/a
Abacus ABG.AXAustralia$539M-13%-5%-16%11.4×n/an/a
Allied Properties Real Estate Investment Trust AP-UN.TOCanada$539M-61%-5%36%n/an/an/a
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZChina$541M0%+451%28%n/an/an/a
Universal Health Realty Income Trust UHTUnited States$544M-4%0%38%22.6×n/an/a
Custodian Property Income REIT CREI.LUnited Kingdom$545M+1%+9%68%13.2×n/an/a
Testa Residencial Socimi YTST.MCSpain$482M+13%-2%59%n/an/an/a
Schroder Real Estate Investment Trust SREI.LUnited Kingdom$548M-6%+7%67%n/an/an/a
Sunlight Real Estate Investment Trust 0435.HKHong Kong$481M-10%-5%65%n/an/an/a
Brandywine Realty Trust BDNUnited States$551M+4%+4%15%n/an/an/a
Morguard North American Residential Real Estate Investment Trust MRG-UN.TOCanada$557M-12%-1%64%11.7×n/an/a
Flagship Communities Real Estate Investment Trust MHC-UN.TOCanada$557M+17%+16%38%12.3×n/an/a

Questions

Which companies are Adamas Trust's closest peers?
The cockpit's peer set: ESR Kendall Square REIT (365550.KS), TPG RE Finance Trust (TRTX), Dexus Industria REIT (DXI.AX), Automotive Properties Real Estate Investment Trust (APR-UN.TO), Shinhan Alpha REIT (293940.KS), Gladstone Commercial (GOOD), Rural Funds (RFF.AX), Hankyu Hanshin REIT (8977.T).
Is Adamas Trust expensive compared with its peers?
On forward p/e it trades at 5.6× against a peer median of 14.9×, cheapest of 14 in its peer set.
How has Adamas Trust stock performed?
Over six months to 6 Nov 2026 the shares returned -35.6% against -6.9% for the median peer; over one year -17.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.