ADAMAS TRUST, INC.

Adamas Trust, Inc. operates as a mortgage REIT focused on residential real estate investments and financing. The company acquires, invests in, and manages a diversified portfolio of mortgage-related assets across single-family and multifamily residential properties throughout the United States. Its holdings include agency and non-agency residential mortgage-backed securities, residential loans spanning business purpose, performing, re-performing, and non-performing categories, multifamily loans, preferred equity investments, and single-family rental assets. The company also invests in commercial mortgage-backed securities and provides structured multifamily property investments alongside other residential housing and credit-related assets.

The business operates through two primary segments. The Investment Portfolio segment manages the core holdings of mortgage-backed securities, residential and multifamily loans, and equity investments. The Constructive segment functions as a business purpose loan lender, specializing in rental and transitional loans for real estate investors and originating loans for subsequent sale.

Headquartered in New York with approximately 221 full-time employees, Adamas Trust maintains a market capitalization of $0.7 billion. As a mortgage REIT, the company is structured to distribute at least 90% of taxable income to shareholders, avoiding federal corporate income taxation at the entity level. The company was formerly known as New York Mortgage Trust, Inc. until its September 2025 name change.