- Business
- Adamas Trust, Inc. (Nasdaq: ADAMZ) is an internally managed real estate investment trust (REIT) that acquires, invests in, finances, and manages primarily mortgage-related single-family and multi-family residential assets in the United States. The company offers targeted residential loans including business purpose loans; agency residential mortgage-backed securities (RMBS); non-agency RMBS; structured multi-family property investments such as preferred equity and mezzanine loans to owners of multi-family properties; other mortgage-, residential housing-, and credit-related assets and strategic investments; commercial mortgage-backed securities (CMBS); and owns and manages single-family rental properties. It operates across U.S. states including California, New York, Florida, New Jersey, and Illinois, serving institutional and individual investors seeking stable distributions through net interest spreads and capital gains. Founded in 2003 and headquartered at 90 Park Avenue, 23rd Floor, New York, New York, the company is led by CEO Jason Serrano. Formerly known as New York Mortgage Trust, Inc., Adamas Trust completed a corporate rebrand in September 2025 to reflect its strategic shift toward scalable recurring earnings and broader real estate opportunities; in Q2-Q3 2025, it acquired the remaining 50% stake in Constructive Loans, LLC for $38.4 million to enhance business purpose lending origination; purchased $1.8 billion in Agency investments and $525.7 million in residential loans; exited remaining joint venture equity investments at a $170 million carrying value; and increased its quarterly dividend while reporting net income of $32.7 million attributable to common stockholders for Q3 2025.