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Adamas Trust Inc (Adamas), formerly New York Mortgage Trust Inc, is a real estate investment trust that focuses on acquiring, investing in, financing, and managing mortgage-related assets and financial assets. The company's main activities include managing a diversified portfolio of single-family and multifamily residential assets, which are designed to provide risk-adjusted returns. It offers services such as private capital investments in single-family loans and securities, as well as third-party asset management for multifamily properties. Adamas' products and services cater to the housing market, facilitating homeownership and providing capital to owners and developers in the multifamily sector. The company operates through a network that includes direct investments and securitizations, targeting markets with competitive advantages. It serves the US market, with its operations centered around mortgage-related and housing-related assets. Adamas is headquartered in New York City, New York, the US.
Headquarters
United States of America
Address
23rd Floor, 90 Park Avenue, New York City, 10016
Website
www.adamasreit.com
Telephone
1 212 7920107
No of Employees
221
Industry
Construction
Ticker Symbol & Exchange
ADAM (NASD)
Revenue (2024)
$803.9M
52.5%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
340.3%
(2024 vs 2023)
Market Cap*
$793.5M
Net Profit Margin (2024)
XYZ
257.5%
(2024 vs 2023)
* As of and is in US$
Adamas Trust Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Non-Agency RMBS |
| Credit Sensitive Securities |
| Residential Loans and Business Purpose Loans |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Acquisitions/Mergers/Takeovers | In July, the company announced the acquisition of the remaining 50% ownership interest in Constructive Loans, LLC. |
| 2022 | Financing Agreements | In March, the company invested in AlphaFlow, a technology platform. |
| 2013 | Contracts/Agreements | In 2013, the company entered into an underwriting agreement with Deutsche Bank Securities, and Credit Suisse Securities (USA), as representatives of the underwriters named therein relating to the offer and sale of 13,600,000 shares of the company's common stock, par value $0.01 per share. NYMT, through a wholly-owned subsidiary, entered into a master repurchase agreement with a three-year term for the purpose of financing certain commercial mortgage-backed securities collateralized by multifamily mortgage loans owned by the company (Multifamily CMBS). |
Competitor Comparison
| Key Parameters | Adamas Trust Inc | Annaly Capital Management Inc | Essex Property Trust Inc | Redwood Trust Inc | MFA Financial Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | New York City | New York | San Mateo | Mill Valley | New York |
| State/Province | New York | New York | California | California | New York |
| No. of Employees | 221 | 212 | 1,689 | 351 | 307 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Steven R Mumma | Chairman | Executive Board | 2015 | 67 |
| Jason T Serrano | Director; Chief Executive Officer | Executive Board | 2022 | 51 |
| Kristine R Nario-Eng | Chief Financial Officer; Secretary | Senior Management | 2014 | 46 |
| Nicholas Mah | President | Senior Management | 2023 | 44 |
| Steve L. Hogue | Managing Director | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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