New York Mortgage Trust
Adamas Trust, Inc. is an internally-managed real estate investment trust (REIT) focused on investing in and managing a diversified portfolio of residential mortgage-related assets. The company strategically deploys capital across credit-sensitive single-family and multi-family assets, as well as Agency RMBS, to generate durable earnings and long-term value. Through its operating platform, the company also originates business-purpose loans for residential real estate investors, integrating loan production with its investment strategy.
Financials
Based on Q1 2026 filing
Revenue
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Investment Portfolio
primaryThe primary revenue driver of the company, focused on owning and managing a diversified portfolio of mortgage-related residential assets. It includes Agency RMBS, residential loans, non-Agency RMBS, and multi-family credit investments such as preferred equity.
Agency RMBS, Agency ARMs, Agency fixed-rate RMBS, Non-Agency RMBS, Business Purpose Bridge Loans, Business Purpose Rental Loans, Preferred Equity Investments, Single-Family Rental Properties
Secondary Market Institutions, Mortgage Loan Originators, Residential Real Estate Investors
Constructive
majorRepresents the company's mortgage origination business conducted through its wholly-owned subsidiary. It specializes in rental and transitional loans for real estate investors, generating revenue from the origination and sale of loans.
Business Purpose Loans, Rental Loans, Transitional Loans
Residential Real Estate Investors, Institutional Real Estate Buyers
Segment Financials
Investment Portfolio — Interest expense, mortgages payable on real estate
View metricInvestment Portfolio — Total Assets
View metricInvestment Portfolio — Other real estate income
View metricConstructive — Financing Receivable, Origination Costs
View metricConstructive — Commitments to fund advances for business purpose loans
View metricConstructive — Interest Income
View metricBusiness Overview
Competitive Position
Adamas positions itself as a flexible capital provider with a proprietary sourcing channel through its wholly-owned origination platform, allowing it to pivot between liquid Agency assets and higher-yield credit assets.
Geographies
United States
Customer Segments
Real Estate Investors, Financial Institutions, Government-Sponsored Enterprises
Upstream Dependencies
Government-Sponsored Enterprises (Fannie Mae, Freddie Mac), Warehouse Financing Providers, Repurchase Agreement Counterparties, Third-party Subservicers
Downstream Customers
Residential Real Estate Investors, Institutional Investors, Public Housing Agencies
Competitors & Partners
Competitors
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Partners
Ginnie Mae
U.S. government agency that guarantees mortgage-backed securities.
Subsidiaries
Constructive Loans, LLC
Wholly-owned subsidiary through which the company originates business purpose loans for residential real estate investors.
New York Mortgage Trust FAQ
Common questions about New York Mortgage Trust
Adamas Trust, Inc. is an internally-managed real estate investment trust (REIT) focused on investing in and managing a diversified portfolio of residential mortgage-related assets. The company strategically deploys capital across credit-sensitive single-family and multi-family assets, as well as Agency RMBS, to generate durable earnings and long-term value. Through its operating platform, the company also originates business-purpose loans for residential real estate investors, integrating loan production with its investment strategy.
New York Mortgage Trust (ADAM) has a market capitalization of $825.8M and trades on NASDAQ.
New York Mortgage Trust generated $644.3M in trailing twelve-month revenue with net income of $155.5M, representing a net margin of 24.1%. These figures are based on the Q1 2026 filing.
New York Mortgage Trust's key competitors include Rithm Capital Corp., AGNC Investment Corp., Arbor Realty Trust, Inc., and others. These companies compete in similar markets and product categories.
New York Mortgage Trust has approximately 70 employees.