Adamas Trust, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $135.0M
- Price
- $25.00
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.77%
- Volume
- 7.3K
About
Adamas Trust, Inc. operates as a real estate investment trust (REIT) with a core strategy of acquiring, funding, and overseeing various single-family and multi-family residential assets tied to mortgages across the United States. Its holdings are diverse, encompassing business-purpose loans, residential mortgage-backed securities (both government-sponsored and privately issued), complex multi-family property investments, commercial mortgage-backed securities (CMBS), and a selection of single-family rental homes. Effective September 3, 2025, the firm formally changed its name from New York Mortgage Trust, Inc. to Adamas Trust, Inc. This rebranding reflects a strategic pivot towards a more expansive and multi-faceted investment approach, incorporating greater geographic and product diversity.
Quick stats
Shares outstanding89.9M
Computed float83.0M
Float / shares92.3%
Key info
SectorReal Estate
IndustryREIT - Mortgage
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001273685
Websitehttps://www.adamasreit.com/
AI Summary
AI-generated1/24
standardneutraldebt offering
Adamas Trust, Inc. Announces Pricing of Public Offering of Senior Notes
Adamas Trust priced a $90 million public offering of 9.600% senior notes due 2031, granting underwriters a 30-day option to purchase an additional $13.5 million to cover over-allotments.
The senior unsecured notes are expected to trade on the Nasdaq Global Select Market under the symbol 'ADAMK' and will mature on October 1, 2031, with interest payments commencing October 1, 2026.
Net proceeds from the offering are intended for general corporate purposes, including the acquisition of targeted assets and the repayment of existing indebtedness.
Red flags
- High coupon rate of 9.600% indicates an elevated cost of capital
- Use of proceeds includes 'general corporate purposes'