Adamas Trust, Inc. ADAM
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.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-20 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / EAD / leverage are from the Q1 2026 earnings release (filed 2026-04-29) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model ADAM yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $805.53M | $149.05M | $39.70M | $177.51M | $134.04M |
| 2024 | $558.92M | $-62.03M | $60.04M | $-32.88M | $14.07M |
| 2023 | $500.80M | $-48.66M | $52.12M | $-25.60M | $29.95M |
| 2022 | $138.11M | $-298.61M | $152.96M | $-187.15M | $91.78M |
| 2021 | $380.19M | $193.20M | $51.39M | $242.32M | $138.91M |
| 2020 | $147.98M | $-288.51M | $0.00 | $-66.75M | $111.08M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-23 | 2026-06-23 | 2026-07-28 | 2026-06-11 | $0.27 | Quarterly |
| 2026-03-30 | 2026-03-30 | 2026-04-28 | 2026-03-19 | $0.23 | Quarterly |
| 2025-12-22 | 2025-12-22 | 2026-01-28 | 2025-12-11 | $0.23 | Quarterly |
| 2025-09-25 | 2025-09-25 | 2025-10-30 | 2025-09-15 | $0.23 | Quarterly |
| 2025-06-23 | 2025-06-23 | 2025-07-30 | 2025-06-12 | $0.20 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-28 | 2025-03-20 | $0.20 | Quarterly |
| 2024-12-20 | 2024-12-20 | 2025-01-23 | — | $0.20 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-28 | — | $0.20 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-29 | — | $0.20 | Quarterly |
| 2024-03-22 | 2024-03-25 | 2024-04-25 | — | $0.20 | Quarterly |
| 2023-12-22 | 2023-12-26 | 2024-01-26 | — | $0.20 | Quarterly |
| 2023-09-20 | 2023-09-21 | 2023-10-26 | — | $0.30 | Quarterly |
| 2023-06-15 | 2023-06-16 | 2023-07-26 | — | $0.30 | Quarterly |
| 2023-03-17 | 2023-03-20 | 2023-04-26 | — | $0.40 | Quarterly |
| 2022-12-23 | 2022-12-27 | 2023-01-26 | — | $0.40 | Quarterly |
| 2022-09-23 | 2022-09-26 | 2022-10-26 | — | $0.40 | Quarterly |
| 2022-06-24 | 2022-06-27 | 2022-07-25 | — | $0.40 | Quarterly |
| 2022-03-23 | 2022-03-24 | 2022-04-25 | — | $0.40 | Quarterly |
| 2021-12-23 | 2021-12-27 | 2022-01-25 | — | $0.40 | Quarterly |
| 2021-09-22 | 2021-09-23 | 2021-10-25 | — | $0.40 | Quarterly |
| 2021-06-23 | 2021-06-24 | 2021-07-26 | — | $0.40 | Quarterly |
| 2021-03-24 | 2021-03-25 | 2021-04-26 | — | $0.40 | Quarterly |
| 2020-12-16 | 2020-12-17 | 2021-01-25 | — | $0.40 | Quarterly |
| 2020-09-23 | 2020-09-24 | 2020-10-26 | — | $0.30 | Quarterly |
Coverage (payout of operating cash flow): 73.73%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — ADAM
Adamas Trust 2026 Second Quarter Conference Call Scheduled for Thursday, July 30, 2026
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Is Adamas Trust, Inc. (ADAM) Outperforming Other Finance Stocks This Year?
Defensive +9% Yields In The Face Of Interest Rate Uncertainty
Adamas Trust Declares Second Quarter 2026 Common Stock Dividend of $0.27 Per Share, and Preferred Stock Dividends
Buy 6 June Dividend Power Dogs
Are Finance Stocks Lagging Adamas Trust, Inc. (ADAM) This Year?
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.