ADAMAS TRUST, INC.

Adamas Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multifamily residential assets across 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. These include agency residential mortgage-backed securities (RMBS), non-agency RMBS, and various residential loans such as business purpose loans, performing, re-performing, non-performing, and seasoned performing loans. This segment also includes multifamily loans, preferred equity investments, joint venture equity investments, multifamily investments, mezzanine lending, cross-collateralized mezzanine lending, and single-family rental properties. The Constructive segment functions as a business purpose loan lender, specializing in rental and transitional loans for real estate investors, and is involved in the origination and sale of loans. Adamas Trust, Inc. also provides structured multi-family property investments, other mortgage-, residential housing- and credit-related assets and strategic investments, and commercial mortgage-backed securities (CMBS). The company was incorporated in 2003 and is headquartered in New York, New York. It was formerly known as New York Mortgage Trust, Inc. and changed its name to Adamas Trust, Inc. in September 2025.