New York Mortgage Trust, Inc.

New York Mortgage Trust, Inc.

ADAM · NASDAQ · Real Estate / REIT - Mortgage

5.25USD+0.05 (+0.96%)

Price History

Full chart

Market Stats

Previous Close5.20
Open5.21
Day Range5.06 – 5.33
52-Week Range5.67 – 10.01
Volume1.47M
Market Cap731.62M
P/E (TTM)5.02
Forward P/E6.92
EPS1.62
Dividend Yield14.23%
Beta1.25
50-Day Avg9.39
200-Day Avg8.51

About

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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Mortgage
  • CEOMr. Jason T. Serrano
  • Employees221
  • Headquarters90 Park Avenue, New York, NY, United States, 10016, USA
  • Websitehttps://www.adamasreit.com

Leadership

  • Mr. Steven R. Mumma CPAExecutive Chairman · b. 1959
  • Mr. Jason T. SerranoCEO & Director · b. 1975
  • Mr. Nicholas MahPresident · b. 1982
  • Ms. Kristine R. Nario-Eng CPA, Eng.Secretary, CFO & Principal Accounting Officer · b. 1980
  • Adam HowseHead of Operations
  • Kristi MussallemAssistant Vice President of Investor Relations
  • Mr. Stephen L. HogueManaging Director · b. 1967
  • Mr. Ardian DautiManaging Director
  • Mr. JB KimManaging Director
  • Joshua EberleManaging Director

Financials

Income Statement

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue64.93M64.35M42.21M24.15M34.38M25.26M30.03M143.88M290.13M186.44M375.53M349.60M418.42M467.12M751.34M147.98M380.19M138.11M500.80M558.92M805.53M
Growth (%)--0.89%-34.40%-42.80%+42.37%-26.52%+18.88%+379.10%+101.65%-35.74%+101.42%-6.90%+19.68%+11.64%+60.85%-80.31%+156.93%-63.67%+262.61%+11.60%+44.12%
Cost of Revenue1.72M2.11M325.00K1.42M1.44M669.00K126.00K102.82M12.26M6.43M44.91M38.48M48.06M18.60M14.70M12.34M79.28M129.42M192.13M320.63M452.65M
Gross Profit63.22M62.25M41.89M22.72M32.94M24.59M29.91M41.06M277.87M180.01M330.62M311.12M370.35M448.51M736.64M135.64M300.91M8.69M308.67M238.28M352.88M
Gross Margin97.36%96.73%99.23%94.11%95.83%97.35%99.58%28.53%95.77%96.55%88.04%88.99%88.51%96.02%98.04%91.66%79.15%6.29%61.63%42.63%43.81%
Operating Expense52.45M60.08M54.20M43.21M21.94M19.12M24.38M12.54M204.44M34.03M246.92M244.48M278.43M348.42M563.87M202.39M109.97M348.80M386.39M331.20M215.08M
Operating Income10.76M2.17M-12.31M-20.49M11.00M5.47M5.52M28.52M73.42M145.98M83.71M66.64M91.92M100.10M172.77M-66.75M190.93M-340.11M-77.72M-92.92M137.80M
Operating Margin16.57%3.37%-29.16%-84.84%32.01%21.65%18.38%19.82%25.31%78.30%22.29%19.06%21.97%21.43%22.99%-45.11%50.22%-246.26%-15.52%-16.62%17.11%
EBITDA54.89M64.37M29.62M-18.43M17.98M15.95M9.31M33.01M294.22M-329.46M307.56M374.68M480.81M739.23M-66.75M242.32M-187.15M-25.60M-32.88M177.51M
EBITDA Margin84.53%100.03%70.17%-76.34%52.31%63.14%31.01%22.94%101.41%-87.73%87.97%89.55%102.93%98.39%-45.11%63.74%-135.51%-5.11%-5.88%22.04%
Net Income-5.34M-15.03M-20.79M-24.11M11.67M6.80M4.78M28.28M68.95M136.19M78.01M67.55M91.98M102.89M173.74M-288.51M193.20M-298.61M-48.66M-62.03M149.05M
Net Income Margin-8.22%-23.36%-49.25%-99.84%33.95%26.94%15.90%19.65%23.77%73.05%20.77%19.32%21.98%22.03%23.12%-194.97%50.82%-216.21%-9.72%-11.10%18.50%
Interest Expense49.85M60.10M50.09M5.91M5.66M9.61M3.94M3.91M224.52M-246.91M236.90M282.76M377.07M566.75M223.07M79.28M129.42M192.13M317.43M452.65M
Interest Expense % of Total Revenue76.78%93.39%118.65%24.47%16.47%38.05%13.13%2.72%77.39%-65.75%67.76%67.58%80.72%75.43%150.75%20.85%93.71%38.37%56.79%56.19%

Balance Sheet

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets1.79B1.32B809.26M853.30M488.81M374.29M682.71M7.16B9.90B10.54B9.06B8.95B12.06B14.74B23.48B4.66B5.66B6.24B7.40B9.22B12.64B
Total Liabilities1.69B1.25B790.84M814.05M425.83M305.81M596.40M6.84B9.42B9.72B8.18B8.10B11.08B13.56B21.28B2.35B3.23B4.38B5.77B7.81B11.21B
Total Equity100.96M71.57M18.42M39.25M62.99M68.49M85.28M322.01M480.67M817.93M880.53M848.08M971.87M1.18B2.21B2.30B2.34B1.77B1.58B1.39B1.43B
Cash14.01M969.00K7.51M17.35M27.57M19.38M25.80M78.28M75.90M129.80M61.96M83.55M95.19M103.72M121.61M304.49M289.60M244.72M187.11M167.42M210.33M
Total Debt1.44B1.06B777.74M802.29M416.60M300.63M357.44M6.55B9.17B9.36B7.89B7.89B11.00B13.46B21.11B2.22B2.52B2.65B2.81B3.56B11.00B
Net Debt1.43B1.06B770.23M784.95M389.03M281.25M331.64M6.47B9.09B9.23B7.83B7.80B10.90B13.35B20.99B1.92B2.23B2.40B2.62B3.39B10.79B

Cash Flow

Currency: USD2005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-53.97M18.78M167.14M6.26M11.77M-305.00K13.41M29.09M53.30M37.55M36.34M53.84M29.33M24.18M35.10M111.08M138.91M91.78M29.95M14.07M134.04M
Investing Cash Flow-121.65M419.09M292.22M-70.93M396.85M119.68M-95.29M-1.07B-152.29M-125.02M250.52M68.86M-439.94M-642.47M-769.07M2.12B-132.95M-508.77M-1.22B-2.24B-2.90B
Financing Cash Flow177.06M-445.96M-454.82M68.55M-393.49M-124.53M79.09M1.05B99.00M131.26M-333.94M-65.91M377.28M621.25M746.43M-2.05B27.41M460.07M1.14B2.23B2.78B
Capital Expenditure3.93M1.46M396.00K000000000000206.00K46.06M209.37M50.41M9.47M8.15M
Free Cash Flow-57.90M17.32M166.74M6.26M11.77M-305.00K13.41M29.09M53.30M37.55M36.34M53.84M29.33M24.18M35.10M110.88M138.91M91.78M29.95M4.60M125.89M
Dividends Paid17.26M11.52M1.83M4.10M7.11M8.10M8.27M22.30M63.42M92.52M122.54M118.01M106.77M121.67M188.01M146.56M194.85M193.16M170.69M116.70M121.97M
FCF to OCF107.28%92.20%99.76%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%99.81%100.00%100.00%100.00%32.70%93.92%
Dividend Paid to FCF-29.80%66.55%1.10%65.47%60.38%-2656.39%61.65%76.68%118.97%246.38%337.23%219.17%364.01%503.25%535.64%132.18%140.27%210.45%569.88%2536.43%96.89%

Earnings

Report DateAug 16, 2004Nov 9, 2004Mar 15, 2005May 11, 2005Aug 9, 2005Nov 9, 2005Mar 8, 2006May 8, 2006Aug 7, 2006Nov 7, 2006Mar 16, 2007May 14, 2007Aug 6, 2007Nov 6, 2007May 9, 2008Aug 5, 2008Nov 7, 2008Mar 27, 2009May 7, 2009Aug 4, 2009Nov 3, 2009Mar 3, 2010May 4, 2010Aug 3, 2010Nov 2, 2010Mar 2, 2011May 3, 2011Aug 3, 2011Nov 3, 2011Mar 9, 2012May 2, 2012Aug 7, 2012Nov 7, 2012Mar 6, 2013May 7, 2013Aug 6, 2013Nov 5, 2013Mar 5, 2014May 6, 2014Aug 5, 2014Nov 4, 2014Feb 24, 2015May 6, 2015Aug 4, 2015Nov 3, 2015Feb 24, 2016May 3, 2016Aug 2, 2016Nov 1, 2016Feb 21, 2017May 3, 2017Aug 3, 2017Nov 2, 2017Feb 20, 2018May 3, 2018Aug 2, 2018Nov 5, 2018Feb 21, 2019May 6, 2019Aug 5, 2019Nov 5, 2019Feb 24, 2020May 21, 2020Aug 5, 2020Nov 5, 2020Feb 24, 2021May 6, 2021Aug 5, 2021Nov 2, 2021Feb 17, 2022May 3, 2022Aug 2, 2022Nov 2, 2022Feb 22, 2023May 3, 2023Aug 2, 2023Nov 1, 2023Feb 22, 2024May 1, 2024Jul 31, 2024Oct 30, 2024Feb 21, 2025Apr 30, 2025Jul 30, 2025Oct 29, 2025Feb 18, 2026Apr 29, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate-3.20-7.603.603.60-4.403.203.60--2.80-0.801.20----0.721.081.12-1.221.260.57-0.321.441.14-1.601.301.10-0.880.900.83-0.970.850.750.87-0.910.99-0.670.700.730.160.590.570.520.150.640.710.590.150.740.630.700.71-0.200.240.390.110.490.440.430.110.380.28-0.25-0.010.120.130.14-0.130.100.030.180.100.210.260.240.230.250.30
EPS Actual-1.095.764.409.601.206.40-19.604.400.40-8.40-21.20-2.00-20.80-3.68-16.770.540.44-2.080.881.081.201.411.120.640.560.431.071.761.60-0.641.320.711.360.780.470.560.531.370.990.521.101.270.840.800.980.040.520.400.720.090.560.400.840.210.800.800.800.020.840.320.600.80-1.711.120.920.180.440.440.400.06-0.88-0.88-1.32-0.130.11-0.41-1.040.35-0.68-0.290.36-0.460.200.220.360.230.290.30-
Surprise-80.00%-26.32%-66.67%77.78%-0.00%-87.50%-333.33%-28.57%-2500.00%-406.67%----22.22%0.00%7.14%--8.20%-49.21%-1.75%-234.38%22.22%40.35%--17.50%-45.38%23.64%--46.59%-37.78%-36.14%-2.06%-38.82%46.67%45.98%--12.09%-1.01%--22.39%-42.86%-1.37%-43.75%-5.08%-29.82%61.54%40.00%25.00%12.68%35.59%-86.67%13.51%-49.21%-14.29%12.68%-755.00%366.67%135.90%65.44%-10.20%0.00%-6.98%-43.45%-331.58%-414.29%-428.00%-1200.00%-8.33%-415.38%-842.86%--623.08%-390.00%1100.00%-355.56%100.00%4.76%38.46%-4.17%26.09%20.00%-
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Key Statistics & Ratios

Market Cap731.62M
Enterprise Value12.38B
Trailing P/E5.02
Forward P/E6.92
PEG Ratio2.50
Price / Sales1.92
Price / Book0.85
EPS1.62
Book Value10.37
Revenue (TTM)381.67M
Gross Profit (TTM)300.27M
Profit Margin52.96%
Operating Margin51.68%
Return on Equity16.44%
Return on Assets2.01%
Shares Outstanding89.88M
Shares Float84.32M
Beta1.25
Dividend Yield14.23%
Dividend Rate1.20
Payout Ratio87.29%

Ownership Breakdown

Institutions
57.62%
Insiders
6.73%
Retail / Other
35.65%

Top Institutional Holders

  • BlackRock Inc
    13.27M14.77%
  • Vanguard Capital Management, LLC
    3.79M4.21%
  • State Street Corp
    3.35M3.72%
  • Amvescap Plc.
    3.17M3.53%
  • MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
    2.56M2.85%
  • Geode Capital Management, LLC
    2.24M2.49%
  • Allspring Global Investments Holdings, LLC
    2.16M2.41%
  • Vanguard Portfolio Management, LLC
    1.65M1.83%
  • Charles Schwab Investment Management Inc
    1.63M1.82%
  • Northern Trust Corp
    992.13K1.10%
  • Van Eck Associates Corporation
    952.24K1.06%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    5.08M5.66%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.60M2.89%
  • iShares Russell 2000 ETF
    2.18M2.43%
  • Global X SuperDividend™ ETF
    1.51M1.68%
  • Allspring Special Small Cap Value A
    1.34M1.49%
  • Global X SuperDividend ETF USD Cap
    1.21M1.35%
  • Invesco KBW High Dividend Yld Fincl ETF
    1.11M1.23%
  • iShares Mortgage Real Estate Capped ETF
    1.06M1.18%
  • Fidelity Small Cap Index
    928.66K1.03%

Dividends

20263×
0.30Sep 22, 20260.27Jun 23, 20260.23Mar 30, 2026
20254×
0.23Dec 22, 20250.23Sep 25, 20250.20Jun 23, 20250.20Mar 31, 2025
20244×
0.20Dec 20, 20240.20Sep 30, 20240.20Jun 28, 20240.20Mar 22, 2024
20234×
0.20Dec 22, 20230.30Sep 20, 20230.30Jun 15, 20230.40Mar 17, 2023
20224×
0.40Dec 23, 20220.40Sep 23, 20220.40Jun 24, 20220.40Mar 23, 2022
20214×
0.40Dec 23, 20210.40Sep 22, 20210.40Jun 23, 20210.40Mar 24, 2021
20201×
0.40Dec 16, 2020

Stock Splits

  • Mar 9, 20231:4
  • May 29, 20081:2
  • Oct 9, 20071:5