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Adamas Trust, Inc. is a U.S.-based entity primarily focused on the acquisition, investment, financing, and management of assets connected to single-family and multi-family residential mortgages. Its diverse portfolio includes targeted residential loans (which cover business purpose loans), agency and non-agency residential mortgage-backed securities (RMBS), structured multi-family property investments like preferred equity and mezzanine loans to property owners, and other assets related to mortgages, housing, and credit, along with strategic investments and commercial mortgage-backed securities (CMBS). Furthermore, the company extends its operations to owning and managing single-family rental properties. Qualifying as a Real Estate Investment Trust (REIT) for federal income tax purposes, Adamas Trust avoids federal corporate income taxes, provided it distributes a minimum of 90% of its taxable earnings to its stockholders. Established in 2003, the company's headquarters are located in New York, New York. It was formerly known as New York Mortgage Trust, Inc. until it officially changed its name to Adamas Trust, Inc. in September 2025.
Latest quote
$7.65
+$0.16 · +2.14%
Regular session · ET · Market data may be delayed.
Adamas Trust, Inc. is a U.S.-based entity primarily focused on the acquisition, investment, financing, and management of assets connected to single-family and multi-family residential mortgages. Its diverse portfolio includes targeted residential loans (which cover business purpose loans), agency and non-agency residential mortgage-backed securities (RMBS), structured multi-family property investments like preferred equity and mezzanine loans to property owners, and other assets related to mortgages, housing, and credit, along with strategic investments and commercial mortgage-backed securities (CMBS). Furthermore, the company extends its operations to owning and managing single-family rental properties. Qualifying as a Real Estate Investment Trust (REIT) for federal income tax purposes, Adamas Trust avoids federal corporate income taxes, provided it distributes a minimum of 90% of its taxable earnings to its stockholders. Established in 2003, the company's headquarters are located in New York, New York. It was formerly known as New York Mortgage Trust, Inc. until it officially changed its name to Adamas Trust, Inc. in September 2025.
Regular session · ET · Market data may be delayed.
GoAI Score
Buy
Valuation
94
Deep Value
Sentiment
63
Bullish
Risk
30
Moderate Risk
Momentum
56
Neutral
Full GoAI research
Thesis, catalysts, evidence, and risk analysis.
Adamas Trust, Inc. is a U.S.-based entity primarily focused on the acquisition, investment, financing, and management of assets connected to single-family and multi-family residential mortgages. Its diverse portfolio includes targeted residential loans (which cover business purpose loans), agency and non-agency residential mortgage-backed securities (RMBS), structured multi-family property investments like preferred equity and mezzanine loans to property owners, and other assets related to mortgages, housing, and credit, along with strategic investments and commercial mortgage-backed securities (CMBS). Furthermore, the company extends its operations to owning and managing single-family rental properties. Qualifying as a Real Estate Investment Trust (REIT) for federal income tax purposes, Adamas Trust avoids federal corporate income taxes, provided it distributes a minimum of 90% of its taxable earnings to its stockholders. Established in 2003, the company's headquarters are located in New York, New York. It was formerly known as New York Mortgage Trust, Inc. until it officially changed its name to Adamas Trust, Inc. in September 2025.
Profitability as a percentage of reported revenue.
Revenue
Operating income
Net income
| Metric (USD) | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | 805.53M USD | 558.92M USD | 500.8M USD | 138.11M USD | 380.19M USD |
| Cost of goods sold | 452.65M USD | 320.63M USD | 192.13M USD | 129.42M USD | 79.28M USD |
| Gross profit | 352.88M USD | 238.28M USD | 308.67M USD | 8.69M USD | 300.91M USD |
| Selling, general, and administrative | 66.29M USD | 42.78M USD | 44.82M USD | 47.67M USD | 45.44M USD |
| Operating expenses | 215.08M USD | 331.2M USD | 386.39M USD | 348.8M USD | 109.97M USD |
| Interest income | 601.95M USD | 401.28M USD | 258.66M USD | 258.39M USD | 206.87M USD |
| Interest expense | 452.65M USD | 317.43M USD | 192.13M USD | 129.42M USD | 79.28M USD |
| Depreciation and amortization | 39.7M USD | 60.04M USD | 52.12M USD | 152.96M USD | 51.39M USD |
| Operating income | 137.8M USD | −92.92M USD | −77.72M USD | −340.11M USD | 190.93M USD |
| Net income | 149.05M USD | −62.03M USD | −48.67M USD | −298.61M USD | 193.2M USD |
Company facts updated Oct 9, 2026.
Recent quarterly results
Recent quarterly results
Third-party consensus; not a GoAI recommendation.
Average target
$9.50
24.18% upsideLimited analyst sample: 4 ratings. Interpret the distribution with caution.
Funds reporting this stock among their holdings, ordered by reported position size.
iShares Core S&P Small-Cap ETFIJR37.42M0.04%102.88B USD0.06%$137.31+0.17%
Vanguard Morningstar Total Stock Market ETFVTI25.32M0.00%2.3T USD0.03%$379.56-0.39%
iShares Russell 2000 ETFIWM16.84M0.02%77.7B USD0.19%$277.57-0.05%
Global X - SuperDividend ETFSDIV11.61M0.99%1.17B USD0.58%$23.82+1.02%
Invesco KBW High Dividend Yield Financial ETFKBWD9.65M2.86%350.46M USD5.39%$10.7335+0.88%
iShares Mortgage Real Estate ETFREM9.45M2.08%453.82M USD0.48%$17.56+1.27%
Vanguard Extended Market ETFVXF9.42M0.01%95.4B USD0.05%$233.13-0.15%
VanEck Mortgage REIT Income ETFMORT7.91M2.54%315.4M USD0.43%$7.81+1.30%iShares Core S&P Small-Cap ETFIJRVanguard Morningstar Total Stock Market ETFVTIiShares Russell 2000 ETFIWMGlobal X - SuperDividend ETFSDIVInvesco KBW High Dividend Yield Financial ETFKBWDiShares Mortgage Real Estate ETFREMVanguard Extended Market ETFVXFVanEck Mortgage REIT Income ETFMORTAI-generated and delayed market data for informational and educational purposes only. Not investment advice.
