ADAMAS TRUST, INC.

Adamas Trust, Inc. is a real estate investment trust that acquires, finances, and manages mortgage-related residential assets across the United States. The company operates primarily through two business segments: an Investment Portfolio segment that manages a diversified mix of residential mortgage investments, including agency and non-agency residential mortgage-backed securities, performing and non-performing residential loans, multifamily loans, preferred equity positions, and single-family rental assets; and a Constructive segment focused on originating and selling business purpose loans to real estate investors for rental and transitional properties.

The Investment Portfolio segment represents the company's primary revenue driver, holding a range of mortgage-related securities and loan products spanning single-family and multifamily residential real estate. The Constructive segment operates as a specialized lender in the business purpose lending market, generating revenue through loan origination and subsequent sales. The company's investment strategy spans residential mortgage-backed securities, residential loans across various performance categories, multifamily lending, mezzanine lending structures, and related credit-linked assets.

Headquartered in New York, New York, Adamas Trust operates with approximately 221 full-time employees. The company is organized as a Maryland corporation and trades on the Nasdaq exchange. As a real estate investment trust, the company is structured to distribute at least 90 percent of its taxable income to shareholders, with a current dividend yield of 3.39 percent. The company was formerly known as New York Mortgage Trust, Inc. prior to its September 2025 name change.