Adamas Trust, Inc.

AI-generated fair value estimate for this company.

Method: Dividend perpetuity (DDM): fixed $1.71875 annual dividend (6.875% coupon x $25 par, still paid at the original fixed rate per the issuer's declared dividends) divided by a 9.3% required yield, derived from this issuer's observed preferred-stock market yields (its Series G preferred was reported trading near 75% of par against a 7.00% coupon, implying ~9.3%)

Reasoning: ADAML is Adamas Trust Inc's 6.875% Series F Fixed-to-Floating Cumulative Redeemable Preferred Stock, a perpetual (no stated maturity) fixed-income-like instrument, so a dividend-discount/perpetuity valuation using the issuer's empirically observed preferred yield is more appropriate than an operating-cash-flow DCF