Adamas Trust, Inc.

Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. It operates through two segments: Investment Portfolio and Constructive. The Investment Portfolio segment holds a diversified portfolio primarily of mortgage-related single-family and multifamily residential investments, including agency and non-agency RMBS, residential loans such as business purpose loans, performing, re-performing, non-performing, and seasoned performing loans, multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental. The Constructive segment is a business purpose loan lender specializing in rental and transitional loans for real estate investors, and in the origination and sale of loans. The company also provides structured multifamily property investments, other mortgage-, residential housing- and credit-related assets and strategic investments, and commercial mortgage-backed securities (CMBS). It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025. It was incorporated in 2003 and is headquartered in New York, New York.