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Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. The company operates through two segments: Investment Portfolio and Constructive. The Investment Portfolio segment manages a diversified portfolio primarily consisting of mortgage-related single-family and multifamily residential investments, including agency residential mortgage-backed securities (RMBS), non-agency RMBS, residential loans, such as business purpose loans, performing, re-performing, non-performing, and seasoned performing, multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental. The Constructive segment is a business purpose loan lender specializing in rental and transitional loans for real estate investors; and origination and sale of loans. The company provides structured multi-family property investments; other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Adamas Trust, Inc. was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025. Adamas Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
New York Mortgage Trust, Inc. is a mortgage REIT that invests in residential and commercial mortgage-backed securities, mortgage loans and related real estate assets to generate income. Long-term growth drivers include portfolio yield optimization, selective leverage and opportunistic asset acquisition, which may benefit net interest income in favorable spread conditions and provide income-oriented exposure for investors.
The most important investment risk is sensitivity to interest-rate and credit-spread movements combined with leverage, which could cause significant earnings, dividend and market-value volatility.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 137.80M | -92.92M | -77.72M | -340.11M | 190.93M |
| Minority interest | 11.39M | 31.92M | 29.13M | 42.04M | 4.72M |
| Net income | 149.05M | -62.03M | -48.66M | -298.61M | 193.20M |
| Selling general administrative | 66.29M | 42.78M | 44.82M | 47.67M | 45.44M |
| Gross profit | 523.62M | 238.28M | 308.67M | 8.69M | 300.91M |
| Reconciled depreciation | 39.70M | 60.04M | 52.12M | 152.96M | 51.39M |
| Ebit | 626.20M | -92.92M | -77.72M | -340.11M | 190.93M |
| Ebitda | 649.33M | -32.88M | -25.60M | -187.15M | 242.32M |
| Depreciation and amortization | 23.12M | 60.04M | 52.12M | 152.96M | 51.39M |
| Operating income | 609.35M | -92.92M | -77.72M | -340.11M | 190.93M |
| Other operating expenses | 62.09M | 651.83M | 578.52M | 478.22M | 189.26M |
| Interest expense | 488.40M | 317.43M | 192.13M | 129.42M | 79.28M |
| Tax provision | 0.14M | 1.04M | 0.07M | 0.54M | 2.46M |
| Interest income | 601.95M | 401.28M | 258.66M | 258.39M | 206.87M |
| Net interest income | 149.30M | 83.86M | 66.53M | 128.97M | 127.58M |
| Income tax expense | 0.14M | 1.04M | 0.07M | 0.54M | 2.46M |
| Total revenue | 671.61M | 558.92M | 500.80M | 138.11M | 380.19M |
| Total operating expenses | -85.90M | 331.20M | 386.39M | 348.80M | 109.97M |
| Cost of revenue | 147.99M | 320.63M | 192.13M | 129.42M | 79.28M |
| Total other income expense net | -471.72M | - | - | - | - |
| Net income from continuing ops | 137.66M | -93.95M | -77.80M | -340.65M | 188.48M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 12638.85M | 9217.28M | 7401.33M | 6240.74M | 5658.30M |
| Intangible assets | 22.40M | 21.00M | 2.38M | - | 39.77M |
| Other current assets | - | -4147.17M | -2265.78M | -405.07M | -560.27M |
| Total liab | 11208.41M | 7806.15M | 5773.20M | 4376.63M | 3226.52M |
| Total stockholder equity | 1426.92M | 1394.72M | 1579.61M | 1767.22M | 2341.03M |
| Other current liab | - | -41.02M | -23.65M | -10.63M | -9.05M |
| Common stock | 0.90M | 0.91M | 0.91M | 0.91M | 3.79M |
| Capital stock | 541.38M | 536.35M | 536.35M | 539.26M | 542.01M |
| Retained earnings | -1408.65M | -1430.67M | -1253.82M | -1052.77M | -559.34M |
| Good will | 22.40M | 0.00M | - | - | - |
| Other assets | - | 9217.28M | 7401.33M | 6240.74M | 5658.30M |
| Cash | 210.33M | 167.42M | 187.11M | 244.72M | 289.60M |
| Total current liabilities | 6753.42M | 4075.00M | 2528.08M | 773.74M | 599.30M |
| Net debt | 10792.45M | 3387.76M | 2618.04M | 2403.47M | 2231.16M |
| Short term debt | 6753.42M | 4012.22M | 2471.11M | 737.02M | 554.26M |
| Short long term debt total | 11002.79M | 3555.18M | 2805.15M | 2648.19M | 2520.76M |
| Other stockholder equity | 2294.19M | 2289.04M | 2297.08M | 2282.69M | 2356.58M |
| Total current assets | 210.33M | 4164.56M | 2284.11M | 419.05M | 574.42M |
| Long term investments | 6929.49M | 3942.04M | 2160.93M | 279.31M | 440.48M |
| Short term investments | 6904.78M | 3828.54M | 2013.82M | 99.56M | 200.84M |
| Net receivables | 76.15M | 151.20M | 64.86M | 60.80M | 69.83M |
| Long term debt | 4249.37M | 3549.25M | 2798.05M | 2639.81M | 2511.18M |
| Accounts payable | 59.11M | 41.02M | 23.65M | 10.63M | 9.05M |
| Accumulated other comprehensive income | - | - | -0.00M | -1.97M | 1.78M |
| Non currrent assets other | 428.77M | -3968.50M | -2169.89M | -287.14M | -489.25M |
| Non current assets total | 12428.51M | 5052.72M | 5117.22M | 5821.69M | 5083.88M |
| Capital lease obligations | 5.55M | 5.93M | 7.10M | 8.38M | 9.58M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | -2925.86M | -2244.43M | -1219.93M | -508.77M | -132.95M |
| Total cashflows from investing activities | -2897.62M | -2244.43M | -1219.93M | -508.77M | -132.95M |
| Net borrowings | 293.73M | 825.71M | -400.07M | 531.42M | 48.19M |
| Total cash from financing activities | 2776.94M | 2228.75M | 1139.68M | 460.07M | 27.41M |
| Net income | 149.05M | -93.95M | -77.80M | -340.65M | 188.48M |
| Change in cash | 13.35M | -1.62M | -50.30M | 43.08M | 33.37M |
| Begin period cash flow | 329.02M | 330.64M | 380.94M | 337.86M | 304.49M |
| End period cash flow | 342.38M | 329.02M | 330.64M | 380.94M | 337.86M |
| Total cash from operating activities | 134.04M | 14.07M | 29.95M | 91.78M | 138.91M |
| Issuance of capital stock | 5.03M | 0.00M | 0.00M | 0.00M | 210.74M |
| Depreciation | 23.12M | 60.04M | 52.12M | 152.96M | 51.39M |
| Other cashflows from investing activities | -192.17M | -453.03M | 646.10M | -486.24M | -478.75M |
| Dividends paid | 121.97M | 116.70M | 170.69M | 193.16M | 194.85M |
| Sale purchase of stock | -1.50M | -3.49M | -8.62M | -44.40M | -183.45M |
| Other cashflows from financing activities | -775.98M | 1523.23M | 1719.07M | 166.20M | 174.06M |
| Capital expenditures | 8.15M | 9.47M | 50.41M | 209.37M | 46.06M |
| Change in working capital | 12.24M | -15.04M | -16.75M | -14.79M | -3.70M |
| Stock based compensation | 8.20M | 6.07M | 8.82M | 11.89M | 10.24M |
| Other non cash items | -50.37M | 56.95M | 63.55M | 282.36M | -107.49M |
| Free cash flow | 125.89M | 4.60M | 29.95M | 91.78M | 138.91M |
Sector: Real Estate Industry: REIT - Mortgage
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
|---|---|---|---|---|---|---|---|
| ADAM New York Mortgage Trust, Inc. |
-0.51 7.81% |
6.03 | 5.36 | 7.27 | 2.11 | 0.87 | 13.77 |
| NLY Annaly Capital Management, Inc. |
0.18 1.01% |
18.41 | 5.27 | 6.78 | 4.96 | 1.09 | 17.69 |
| NLY-PG Annaly Capital Management Inc |
- -% |
24.78 | 14.19 | - | 5.46 | - | - |
| NLY-PF Annaly Capital Management Inc |
0.03 0.12% |
25.29 | 14.25 | - | 5.42 | - | - |
| AGNC AGNC Investment Corp. |
0.05 0.58% |
8.70 | 8.39 | 6.99 | 6.97 | 1.16 | 0.03 |
Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets in the United States. The company operates through two segments: Investment Portfolio and Constructive. The Investment Portfolio segment manages a diversified portfolio primarily consisting of mortgage-related single-family and multifamily residential investments, including agency residential mortgage-backed securities (RMBS), non-agency RMBS, residential loans, such as business purpose loans, performing, re-performing, non-performing, and seasoned performing, multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental. The Constructive segment is a business purpose loan lender specializing in rental and transitional loans for real estate investors; and origination and sale of loans. The company provides structured multi-family property investments; other mortgage-, residential housing- and credit-related assets and strategic investments; and commercial mortgage-backed securities (CMBS). It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Adamas Trust, Inc. was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025. Adamas Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.
| Name | Title | Year Born |
|---|---|---|
| Mr. Steven R. Mumma CPA | Executive Chairman | 1959 |
| Mr. Jason T. Serrano | CEO & Director | 1976 |
| Mr. Nicholas Mah | President | 1982 |
| Ms. Kristine R. Nario-Eng CPA, Eng. | Secretary, CFO & Principal Accounting Officer | 1980 |
| Adam Howse | Head of Operations | NA |
| Kristi Mussallem | Assistant Vice President of Investor Relations | NA |
| Mr. Stephen L. Hogue | Managing Director | 1967 |
| Mr. Ardian Dauti | Managing Director | NA |
| Mr. JB Kim | Managing Director | NA |
| Joshua Eberle | Managing Director | NA |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
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