Adamas Trust, Inc.
Adamas Trust, Inc. (Nasdaq: ADAM) is an internally managed real estate investment trust that invests in mortgage-related residential assets and other credit and fixed-income investments, and originates business-purpose loans for residential real estate investors through its subsidiary Constructive. Its two reportable… From the company’s description.
In fiscal 2025, Adamas Trust, Inc. reported net income of $137.66M. Operations generated $134.04M in cash.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Adamas Trust, Inc. does
In the company’s own words
Adamas Trust, Inc. (Nasdaq: ADAM) is an internally managed real estate investment trust that invests in mortgage-related residential assets and other credit and fixed-income investments, and originates business-purpose loans for residential real estate investors through its subsidiary Constructive. Its two reportable segments are investment portfolio, which generates most of its revenue and income, and Constructive, which originates and sells loans. The portfolio includes Agency and non-Agency residential mortgage-backed securities, residential mortgage loans, single-family rental homes, and preferred equity and other investments in multifamily properties. Constructive specializes in short-term bridge and rental loans and operates in 48 states. The company completed its acquisition of the remaining 50% of Constructive in July 2025 and changed its name from New York Mortgage Trust to Adamas Trust in September 2025. At December 31, 2025, it owned 471 single-family rental properties and had 221 full-time employees. Its website is www.adamasreit.com.
Company details
- Sector
- Financials
- Industry (SIC)
- REITs
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1273685
- SIC
- 6798
Financial performance, year by year
Fiscal 2011–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Adamas Trust, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Adamas Trust, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Adamas Trust, Inc.’s bonds, as funds hold them
Funds report holding 1 issues of Adamas Trust, Inc.’s debt, $0.48M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 9.13%, maturing 2029 to 2029.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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