Adamas Trust, Inc.

Mortgage REIT investing in residential loans and lending to property investors

What Adamas Trust does

Adamas Trust invests in U.S. home and apartment-building mortgages and related securities. It also runs a lending business, Constructive, that makes short-term and rental loans to real estate investors. The company was known as New York Mortgage Trust until September 2025.

How Adamas Trust makes money

It earns interest income on its portfolio of mortgage securities, residential and multifamily loans, and structured investments, and it also profits from originating and selling business purpose loans. As a REIT, it pays out at least 90% of taxable income to shareholders as dividends.

Products & services

• Agency and non-agency RMBS
• Residential and business purpose loans
• Multifamily loans, mezzanine lending and preferred equity
• Constructive rental and transitional loans for investors
• Single-family rental investments
• CMBS