Adamas Trust, Inc. (formerly New York Mortgage Trust, Inc., name changed September 3, 2025) is an internally-managed mortgage REIT incorporated in Maryland in 2003 and headquartered at 90 Park Avenue, New York, NY. The company is focused on deploying capital across complementary businesses to generate durable earnings and long-term stockholder value through disciplined portfolio management across real estate and capital markets.
Business Model and Segments The company operates two segments: (1) an investment portfolio focused primarily on mortgage-related residential assets generating interest income and net income from real estate; and (2) Constructive (Constructive Loans, LLC), a wholly-owned business purpose loan originator operating in 48 states that generates revenues from loan origination and sale. On July 15, 2025, Adamas completed the acquisition of the remaining 50% interest in Constructive it did not previously own, making it a wholly-owned subsidiary.
Investment Portfolio The portfolio is substantially comprised of single-family and multi-family residential...
AI-generated summary of Item 1 (Business) from the 10-K filed Feb 20, 2026 — View filing on SEC.gov. May contain errors — refer to the filing for authoritative information.
Across SEC filings
Annual results · 10-K
Fiscal 2025- Net income
- $149.0M
As reported in the fiscal 2025 annual report.
Securities
| CUSIP | Security | Type |
|---|---|---|
| 649604501 | ADAM NEW YORK MTG TR INC | Common stock |
| 649604840 | ADAM ADAMAS TRUST INC | Common stock |
| 649604832 | ADAMI ADAMAS TRUST INC | Common stock |
| 649604204 | NMTR New York Mortgage Trust Inc Ne | Common stock |
| 649604105 | NTR NEW YORK MORTGAGE TRUST INC | Common stock |
| 649604824 | ADAMG ADAMAS TRUST INC | Preferred stock |
| 649604816 | ADAMH ADAMAS TRUST INC | Preferred stock |
| 649604865 | ADAML ADAMAS TRUST INC | Preferred stock |
| 649604873 | ADAMM ADAMAS TRUST INC | Preferred stock |
| 649604881 | ADAMN ADAMAS TRUST INC | Preferred stock |
| 649604857 | ADAMZ ADAMAS TRUST INC | Preferred stock |
| 649604808 | NYMTO NEW YORK MORTGAGE TRUST | Preferred stock |
5%+ holders · 13D/G
2 filers| Filer | % of class | Filed |
|---|---|---|
| BlackRock Inc 13G | 15.3% | 2025-07-17 |
| Amster Howard 13D | 5.7% | 2025-02-26 |
Latest Schedule 13D or 13G from each filer; stakes a filer has reported closed are left out.