WallStSmart

New York Mortgage Trust, Inc. (ADAM)vsWelltower Inc (WELL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Welltower Inc generates 3244% more annual revenue ($12.76B vs $381.67M). ADAM leads profitability with a 53.0% profit margin vs 12.1%. ADAM appears more attractively valued with a PEG of 2.50. ADAM earns a higher WallStSmart Score of 79/100 (B+).

ADAM

Strong Buy

79

out of 100

Grade: B+

Growth: 9.3Profit: 7.5Value: 7.3Quality: 3.5
Piotroski: 4/9Altman Z: -0.60

WELL

Buy

57

out of 100

Grade: C

Growth: 10.0Profit: 5.5Value: 2.0Quality: 5.0
Piotroski: 4/9Altman Z: 1.20
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

ADAMUndervalued (+17.6%)

Margin of Safety

+17.6%

Fair Value

$9.69

Current Price

$8.91

$0.78 discount

UndervaluedFair: $9.69Overvalued
WELLSignificantly Overvalued (-83.9%)

Margin of Safety

-83.9%

Fair Value

$126.32

Current Price

$228.87

$102.55 premium

UndervaluedFair: $126.32Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

ADAM6 strengths · Avg: 9.7/10
P/E RatioValuation
5.7x10/10

Attractively priced relative to earnings

Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Profit MarginProfitability
53.0%10/10

Keeps 53 of every $100 in revenue as profit

Operating MarginProfitability
51.7%10/10

Strong operational efficiency at 51.7%

Revenue GrowthGrowth
129.8%10/10

Revenue surging 129.8% year-over-year

EPS GrowthGrowth
21.2%8/10

Earnings expanding 21.2% YoY

WELL3 strengths · Avg: 9.0/10
Revenue GrowthGrowth
39.1%10/10

Revenue surging 39.1% year-over-year

Market CapQuality
$169.78B9/10

Large-cap with strong market position

EPS GrowthGrowth
35.6%8/10

Earnings expanding 35.6% YoY

Areas to Watch

ADAM4 concerns · Avg: 2.5/10
PEG RatioValuation
2.504/10

Expensive relative to growth rate

Market CapQuality
$822.40M3/10

Smaller company, higher risk/reward

Altman Z-ScoreHealth
-0.602/10

Distress zone — elevated risk

Debt/EquityHealth
7.701/10

Elevated debt levels

WELL4 concerns · Avg: 2.3/10
Return on EquityProfitability
2.9%3/10

ROE of 2.9% — below average capital efficiency

PEG RatioValuation
3.622/10

Expensive relative to growth rate

P/E RatioValuation
105.2x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.202/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : ADAM

The strongest argument for ADAM centers on P/E Ratio, Price/Book, Profit Margin. Profitability is solid with margins at 53.0% and operating margin at 51.7%. Revenue growth of 129.8% demonstrates continued momentum.

Bull Case : WELL

The strongest argument for WELL centers on Revenue Growth, Market Cap, EPS Growth. Revenue growth of 39.1% demonstrates continued momentum.

Bear Case : ADAM

The primary concerns for ADAM are PEG Ratio, Market Cap, Altman Z-Score. Debt-to-equity of 7.70 is elevated, increasing financial risk.

Bear Case : WELL

The primary concerns for WELL are Return on Equity, PEG Ratio, P/E Ratio. A P/E of 105.2x leaves little room for execution misses.

Key Dynamics to Monitor

ADAM carries more volatility with a beta of 1.25 — expect wider price swings.

ADAM is growing revenue faster at 129.8% — sustainability is the question.

WELL generates stronger free cash flow (881M), providing more financial flexibility.

Monitor REIT - MORTGAGE industry trends, competitive dynamics, and regulatory changes.

Bottom Line

ADAM scores higher overall (79/100 vs 57/100), backed by strong 53.0% margins and 129.8% revenue growth. Both earn "Strong Buy" and "Buy" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

New York Mortgage Trust, Inc.

REAL ESTATE · REIT - MORTGAGE · USA

Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. The company is headquartered in New York, New York.

Welltower Inc

REAL ESTATE · REIT - HEALTHCARE FACILITIES · USA

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure.

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