Adamas Trust 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) Financials
Ticker history: NYMT became ADAMZ (Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share) on . Earlier news and filings retain their original names and dates. View NYMT history.
Newest figures come from the 10-Q for Q3 FY2026, filed Oct 30, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the ADAMZ SEC filings page.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) reported $601.9M in revenue for fiscal year 2025, up 50.0% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
The trust’s reported scale expanded rapidly, but liabilities—not equity—provided most of the financing by FY2025.
From FY2023 to FY2025, total assets rose from$7.4B to$12.6B , showing an expanding balance-sheet base. Liabilities reached$11.2B in FY2025 while equity was$1.4B , so expansion was funded mainly through obligations rather than retained capital.
Reported net income moved from a
Operating cash flow rose from
Financial Health Signals
Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group, and the overall is the average of the dimensions that can be computed. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
FFO Margin measures funds from operations against revenue, and funds from operations is net income with property depreciation added back, since a building written down a little further every year on paper is often worth more rather than less. Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share scores 32/100 on it among other REITs.
FFO Growth follows the three-year path of funds from operations, which is net income with property depreciation added back. Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share scores 92/100 on it among other REITs.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's net debt of $525.5M, being $735.8M of long-term debt less $210.3M of cash, came to 3.27 times its EBITDA in fiscal year 2025. REITs are ranked here on that debt against their EBITDA, where a lower multiple is the safer one, and Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share scores 76/100 among other REITs.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's operating income of $137.8M covered its interest expense of $452.6M 0.30 times over in fiscal year 2025. The interest coverage axis ranks REITs on operating income against interest owed, and Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share scores 22/100 among other REITs.
AFFO Margin takes funds from operations, subtracts the spending a REIT needs just to keep its properties in working order, and measures what is left against revenue. Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share scores 34/100 on it among other REITs.
Dividend coverage measures funds from operations against the dividends actually paid, and a figure above 1 means the payout came out of operations. Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share scores 79/100 on it among other REITs.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 2 leverage/liquidity signals pass, the one computable operating efficiency signal (asset turnover improving) passes.
For every $1 of reported earnings, Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share generates $0.90 in operating cash flow ($134.0M OCF vs $149.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share earns $0.30 in operating income for every $1 of interest expense ($137.8M vs $452.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share generated $181.2M in revenue in Q3 2026. This represents an increase of 12.8% from the same quarter a year earlier. Against the prior quarter it is up 3.9%.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's EBITDA was -$157.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 447.1% from the same quarter a year earlier. Against the prior quarter it is down 373.9%.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share reported a net loss of $159.1M in Q3 2026. This represents a decrease of 455.1% from the same quarter a year earlier. Against the prior quarter it is down 388.4%.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share earned -$1.89 per diluted share (EPS) in Q3 2026. This represents a decrease of 625.0% from the same quarter a year earlier. Against the prior quarter it is down 502.1%.
Cash & Balance Sheet
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share held $262.4M in cash against $758.8M in long-term debt as of Q3 2026.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share paid $0.30 per share in dividends in Q3 2026. This represents an increase of 30.4% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.
Not reported for Q3 2026.
Margins & Returns
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's operating margin was -89.5% in Q3 2026, reflecting core business profitability. This is down 114.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 119.9 percentage points.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's net profit margin was -87.8% in Q3 2026, showing the share of revenue converted to profit. This is down 115.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 119.5 percentage points.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share's quarterly ROE was -12.5% in Q3 2026: one quarter's net income over shareholder equity, not annualized. This is down 15.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 16.2 percentage points.
Not reported for Q3 2026.
Capital Allocation
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share repurchased no shares in Q3 2026. The change from the same quarter a year earlier is not meaningful, because that figure was zero or negative. The change from the prior quarter is not meaningful, because that quarter’s figure was zero or negative.
Not reported for Q3 2026.
Not reported for Q3 2026.
ADAMZ Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Revenue | $181.2M+12.8% | $174.4M+23.8% | $172.1M+32.6% | $170.7M+44.3% | $160.6M+48.2% | $140.9M+55.2% | $129.7M+54.6% | $118.3M+50.1% |
| SG&A Expenses | $24.3M+3.9% | $25.6M+117.3% | $24.5M+97.3% | $25.1M+108.7% | $23.3M+95.5% | $11.8M+1.2% | $12.4M-4.9% | $12.0M+2.5% |
| Operating Income | -$162.2M-510.6% | $53.1M+1140.1% | $86.7M+130.0% | $56.3Mn/m | $39.5M-7.7% | $4.3Mn/m | $37.7Mn/m | -$31.8M-196.8% |
| EBITDA | -$157.6M-447.1% | $57.6M+463.8% | $91.3M+109.5% | $61.7Mn/m | $45.4M-10.8% | $10.2Mn/m | $43.6Mn/m | -$24.9M-163.7% |
| Interest Expense | $132.4M+6.8% | $124.2M+18.9% | $123.7M+28.0% | $127.5M+39.3% | $124.0M+40.8% | $104.5M+45.6% | $96.6M+46.4% | $91.5M+47.7% |
| Income Tax | -$22Kn/m | $13Kn/m | $159K-75.5% | -$44Kn/m | -$298K-112.8% | -$161K-147.1% | $648Kn/m | -$1.5M-1242.9% |
| Net Income | -$159.1M-455.1% | $55.2M+545.7% | $48.6M+15.3% | $53.5Mn/m | $44.8M+4.6% | $8.5Mn/m | $42.2Mn/m | -$31.4M-174.9% |
| EPS (Basic) | -$1.89-625.0% | $0.48n/m | $0.41+24.2% | $0.46 | $0.360.0% | -$0.04n/m | $0.33 | -$0.46 |
| EPS (Diluted) | -$1.89-625.0% | $0.47n/m | $0.40+21.2% | $0.45 | $0.360.0% | -$0.04n/m | $0.33 | -$0.46 |
| Diluted Shares (Avg) | 90M-1.5% | 92M+2.2% | 92M+1.1% | N/A | 92M+1.1% | 90M-0.7% | 91M | N/A |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
ADAMZ Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $13.5B+9.0% | $13.0B+22.9% | $12.8B+27.9% | $12.6B+37.1% | $12.4B+39.3% | $10.6B+28.2% | $10.0B+34.3% | $9.2B+24.5% |
| Cash & Equivalents | $262.4M+41.6% | $212.3M+32.3% | $208.9M+18.0% | $210.3M+25.6% | $185.3M-5.0% | $160.4M-31.9% | $177.1M-22.0% | $167.4M-10.5% |
| Goodwill | $22.4M0.0% | $22.4M | $22.4M | $22.4Mn/m | $22.4M | N/A | N/A | $0 |
| Total Liabilities | $12.3B+11.4% | $11.5B+25.5% | $11.3B+32.0% | $11.2B+43.6% | $11.0B+47.9% | $9.2B+35.4% | $8.6B+44.8% | $7.8B+35.2% |
| Long-Term Debt | $758.8M-1.0% | $668.3M+2.3% | $669.5M+2.3% | $735.8M+28.4% | $766.6M+9.6% | $653.0M-18.4% | $654.4M-34.6% | $573.2M-38.6% |
| Total Equity | $1.3B-8.2% | $1.5B+6.6% | $1.5B+3.9% | $1.4B+2.3% | $1.4B-3.7% | $1.4B-3.5% | $1.4B-5.6% | $1.4B-11.7% |
| Retained Earnings | -$1.6Bn/m | -$1.4Bn/m | -$1.4Bn/m | -$1.4Bn/m | -$1.4Bn/m | -$1.4Bn/m | -$1.4Bn/m | -$1.4Bn/m |
Not reported in any period shown, so not listed: Current Assets, Short-Term Investments, Inventory, Accounts Receivable, Long-Term Investments, Current Liabilities, Non-Current Liabilities.
ADAMZ Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$37.1M-635.4% | $105.9M+170.0% | -$16.7M-164.7% | $62.1M+113.2% | $6.9Mn/m | $39.2Mn/m | $25.8Mn/m | $29.1M+122.6% |
| Depreciation & Amortization | $4.5M-24.1% | $4.5M-24.3% | $4.6M-21.6% | $5.4M-22.0% | $5.9M-27.0% | $5.9M-51.5% | $5.9M-53.1% | $6.9M+10.1% |
| Stock-Based Compensation | $5.6M | N/A | $175K-79.7% | N/A | N/A | N/A | $861K | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $3.5M-38.4% |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $25.7M+243.5% |
| Investing Cash Flow | -$593.2Mn/m | -$300.5Mn/m | -$67.0Mn/m | -$148.1Mn/m | -$1.6Bn/m | -$360.0Mn/m | -$794.2Mn/m | -$584.3Mn/m |
| Financing Cash Flow | $712.0M-56.0% | $138.5M-55.8% | $106.7M-85.0% | $130.6M-76.3% | $1.6B+102.6% | $313.5M-43.1% | $713.8M+118.1% | $552.2M+53.6% |
| Dividends Paid | $24.3M+34.5% | $20.8M+14.4% | $21.4M+16.0% | $20.8M+14.8% | $18.1M-0.2% | $18.2M-0.4% | $18.5M-9.8% | $18.1M-33.4% |
| Share Buybacks | $0n/m | $0-100.0% | $5.0Mn/m | $0n/m | $0n/m | $1.5M-57.0% | $0n/m | $0n/m |
ADAMZ Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q3'2610-Q | Q2'2610-Q | Q1'2610-Q | Q4'2510-K | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | -89.5%-114.1pp | 30.4%+27.4pp | 50.4%+21.3pp | 33.0%+59.9pp | 24.6%-14.9pp | 3.0%+29.2pp | 29.1%+124.6pp | -26.9%-68.6pp |
| Net Margin | -87.8%-115.7pp | 31.6%+25.6pp | 28.2%-4.2pp | 31.4%+57.9pp | 27.9%-11.6pp | 6.1%+23.2pp | 32.5%+101.5pp | -26.5%-79.7pp |
| Return on Equity | -12.5%-15.7pp | 3.8%+3.1pp | 3.3%+0.3pp | 3.8%+6.0pp | 3.2%+0.2pp | 0.6%+1.7pp | 3.0%+6.9pp | -2.3%-4.9pp |
| Return on Assets | -1.2%-1.5pp | 0.4%+0.4pp | 0.4%0.0pp | 0.4%+0.8pp | 0.4%-0.1pp | 0.1%+0.3pp | 0.4%+1.2pp | -0.3%-0.9pp |
| Debt-to-Equity | 0.590.0x | 0.450.0x | 0.460.0x | 0.52+0.1x | 0.55+0.1x | 0.47-0.1x | 0.47-0.2x | 0.41-0.2x |
| Liabilities-to-Equity | 9.60+1.7x | 7.80+1.2x | 7.78+1.7x | 7.86+2.3x | 7.91+2.8x | 6.63+1.9x | 6.12+2.1x | 5.60+1.9x |
| Asset Turnover | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.7%+12.2pp |
Not reported in any period shown, so not listed: Gross Margin, Current Ratio.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it. Market cap is stated at each company's latest close.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share ADAMZ | FY2025 | $601.9M | $149.0M | 24.8% | N/A | 56/100 |
| Annaly Capital Management. Inc. NLY | FY2025 | N/A | $2.0B | N/A | $14.9B | — |
| AGNC Investment Corp. AGNC | FY2025 | N/A | $1.7B | N/A | $11.3B | — |
| Rithm Capital Corp. RITM | FY2025 | $4.6B | $697.1M | 15.2% | $5.3B | 41/100 |
| Starwood Property Trust, Inc. STWD | FY2025 | $1.8B | $411.5M | 22.3% | $4.8B | 35/100 |
| Dynex Capital, Inc. DX | FY2025 | N/A | $319.1M | N/A | $2.8B | — |
Where Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share Ranks
Frequently Asked Questions
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) reported $601.9M in total revenue for fiscal year 2025. This represents a 50.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) revenue grew by 50.0% year-over-year, from $401.3M to $601.9M in fiscal year 2025.
Yes, Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) reported a net income of $149.0M in fiscal year 2025, with a net profit margin of 24.8%.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) reported diluted earnings per share of $1.10 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had EBITDA of $160.9M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
As of fiscal year 2025, Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had $210.3M in cash and equivalents against $735.8M in long-term debt.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had an operating margin of 22.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had a net profit margin of 24.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) has a return on equity of 10.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) generated $125.9M in free cash flow during fiscal year 2025. The change from the previous fiscal year is not meaningful, because that year’s figure was zero or negative. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) generated $134.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had $12.6B in total assets as of fiscal year 2025, including both current and long-term assets.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) invested $8.2M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
Yes, Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) spent $1.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had a debt-to-equity ratio of 0.52 as of fiscal year 2025. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had a liabilities-to-equity ratio of 7.86 as of fiscal year 2025, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) has an earnings quality ratio of 0.90x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) has an interest coverage ratio of 0.30x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
Adamas Trust, Inc. 7.000% Series G Cumulative Redeemable Preferred Stock, $0.01 par value per share (ADAMZ) scores 56 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is the average of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.