ADAMM

Adamas Trust, Inc., founded in 2003 and headquartered in New York, NY, operates primarily within the U.S. residential real estate market. The company's business model involves acquiring, investing in, financing, and managing a diverse range of assets tied to mortgages and residential properties. Its investment portfolio is extensive, featuring targeted residential loans (including those for business purposes), both agency and non-agency residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS). Adamas Trust also makes structured investments in multi-family properties, offering preferred equity and mezzanine loans to property owners. Additionally, the company holds other strategic investments connected to mortgages, housing, and credit, and directly owns and manages single-family rental properties. As a qualifying real estate investment trust (REIT) for federal income tax purposes, Adamas Trust, Inc. generally avoids federal corporate income taxes, provided it distributes at least 90% of its taxable earnings to its stockholders. The entity, originally incorporated as New York Mortgage Trust, Inc., officially changed its name to Adamas Trust, Inc. in September 2025.