Skip to content
New York Mortgage Trust logo

New York Mortgage Trust

ADAM

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.

Market cap
$771.91M+26.8%
Revenue$644.3M+44.1%
Net income$155.5M+309%
EPS (diluted)$1.17+2,050%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 29, 2026 (Tomorrow)
Revenue estimate$65.9M
EPS estimate$0.25

Financials

Q1 2026

Income statement

See full
Revenue$172.1M+32.6%
Operating income$86.7M+130%
Net income$48.6M+15.3%
EPS (diluted)$0.40+21.2%

Balance sheet

See full
Cash & equivalents$365.4M+33.2%
Total debt$674.6M-14.2%
Total equity$1.5B+3.9%
Total assets$12.8B+27.9%

Cash flow

See full
Operating cash flow-$16.7M-165%

Valuation & ratios

Valuation

See full
Market cap$771.91M+26.8%
Enterprise value$1.08B-5.8%
P/E-5.2×
P/S1.2×-0.1×

Profitability

See full
Operating margin29%+23.4pp
Net margin24.1%+15.6pp

Returns & leverage

See full
Return on equity10.9%+8.2pp
Debt / equity0.5×-0.1×

Competitors

Profile

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.

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.

GeographiesUnited States
Customer segmentsReal Estate Investors, Financial Institutions, Government-Sponsored Enterprises
Business modelInvestment Management, Loan Origination, Asset Securitization
SuppliersGovernment-Sponsored Enterprises (Fannie Mae, Freddie Mac), Warehouse Financing Providers, Repurchase Agreement Counterparties, Third-party Subservicers
CustomersResidential Real Estate Investors, Institutional Investors, Public Housing Agencies
Listed2004
Employees70.0
CEOJason T. Serrano
FilingsSEC EDGAR

Questions, answered.

What is New York Mortgage Trust's market cap?
New York Mortgage Trust (ADAM) has a market capitalization of $771.9M and trades on NASDAQ.
What is New York Mortgage Trust's revenue and profitability?
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.
Who are New York Mortgage Trust's competitors?
New York Mortgage Trust's key competitors include Rithm Capital Corp., AGNC Investment Corp., Annaly Capital Management, Inc., and others. These companies compete in similar markets and product categories.
Who does New York Mortgage Trust partner with?
New York Mortgage Trust's notable partners include Fannie Mae, Freddie Mac, Ginnie Mae.
What subsidiaries does New York Mortgage Trust have?
New York Mortgage Trust's subsidiaries include Constructive Loans, LLC.
Where is New York Mortgage Trust headquartered?
New York Mortgage Trust is headquartered in United States of America and employs approximately 70 people. It has been publicly traded since 2004.