ADAMAS TRUST, INC.

Adamas Trust, Inc. is a mortgage real estate investment trust headquartered in New York that acquires, invests in, finances, and manages residential mortgage-related assets across the United States. The company operates as a REIT and maintains a diversified portfolio spanning agency and non-agency residential mortgage-backed securities, residential loans across multiple performance categories, multifamily loans, and single-family rental assets. In addition to traditional mortgage investments, the company holds preferred equity investments, joint venture equity stakes, and mezzanine lending positions in multifamily properties.

The company operates through two primary segments. The Investment Portfolio segment manages its core mortgage-related holdings, including business purpose loans, performing and non-performing residential loans, and multifamily investments alongside structured commercial mortgage-backed securities. The Constructive segment functions as a business purpose loan lender, originating rental and transitional loans for real estate investors with subsequent loan sales generating additional revenue streams.

With approximately 221 full-time employees, Adamas Trust maintains operations focused on the residential mortgage and multifamily lending sectors. The company was incorporated in Maryland in 2003 and operates as a publicly traded entity on the Nasdaq exchange. It is structured as a REIT, requiring distribution of at least 90 percent of taxable income to shareholders, and underwent a corporate name change from New York Mortgage Trust, Inc. in September 2025.