ADAMADAMAS TRUST, INC.
Real Estate Investment Trusts
- Revenue
- —
- Operating margin
- —
- EBITDA
- $161M
- 403% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 3.1×
- $496M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear90% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowClear57% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Operating income | $191M | −$340M | −$78M | −$93M | $138M | 248% |
| Net income | $193M | −$299M | −$49M | −$62M | $149M | 340% |
| Operating cash flow | $139M | $92M | $30M | $14M | $134M | 853% |
| Capex | $46M | $209M | $50M | $25M | $8M | 67% |
| Stock-based comp | $10M | $12M | $9M | $6M | $8M | 35% |
| Buybacks | $0 | $44M | $9M | $3M | $2M | 57% |
| Dividends | $152M | $152M | $129M | $75M | $76M | 0.7% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $11M | 91 | 114 |
| FY2024 | $4M | $1M | 67 | 98 |
| FY2023 | $6M | $4M | 83 | 98 |
| FY2022 | $5M | $4M | 88 | 85 |
| FY2021 | $5M | $4M | 111 | 116 |