Adamas Trust, Inc. (ADAM)

Adamas Trust, Inc. is a real estate investment trust that invests in residential mortgage assets and housing-related real estate. Its portfolio includes residential loans such as business-purpose and investor loans, agency mortgage-backed securities, and other mortgage-related securities, along with interests in multifamily properties and multifamily financing.

The company finances its holdings with a mix of securitizations, repurchase agreements and other borrowings, and seeks to earn income from the spread between the yield on its assets and its funding costs. As a REIT it distributes most of its taxable income to shareholders.

Adamas Trust was formerly known as New York Mortgage Trust and changed its name in 2025 to reflect its broader strategy, which includes an asset management business. The company is headquartered in New York City, and its common shares trade on Nasdaq.