Adamas Trust, Inc.

AI-generated fair value estimate for this company.

Method: Adjusted book value approach: reported book value per share of $10.37 less a modest 5% haircut for typical execution and credit uncertainty in a newly scaled loan portfolio; 89.88M shares outstanding.

Reasoning: Adamas Trust is a mortgage REIT whose economics are best captured by its loan portfolio's book value rather than a DCF of near-term earnings, consistent with standard mortgage-REIT valuation practice; the smaller haircut versus other mortgage REITs reflects the absence of visible credit-quality red flags in available data.