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Security Profile
- Security Type
- Real Estate Investment Trust (REIT)
- CUSIP
- 649604840 (prev. 649604501 )
- Market Cap
- Mid Cap
- IPO
- 6/24/2004 · $9.00/share
- Previous Symbol
- NYMT (changed 9/2/2025)
- Previous Name
- New York Mortgage Trust, Inc.
Business: Adamas Trust, Inc.. is an internally managed real estate investment trust that invests in mortgage-related and financial assets and targets residential mortgage loans, including distressed residential loans, multi-family CMBS, mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS consisting of fixed-rate, adjustable-rate and hybrid adjustable-rate RMBS and Agency IOs consisting of interest only and inverse interest-only RMBS that represent the right to the interest component of the cash flow from a pool of mortgage loans. Headlands Asset Management, LLC provides investment management services to the Company with respect to certain of its targeted asset classes.
Notes: February 22, 2023 -- the Company announced that its Board of Directors approved a one-for-four reverse stock split of its issued, outstanding and authorized shares of common stock (the “Reverse Stock Split”). The Reverse Stock Split is expected to take effect as of 12:01 a.m., New York City time, on March 9, 2023 (the “Effective Time”). Accordingly, at the Effective Time, every four issued and outstanding shares of the Company’s common stock will be converted into one share of the Company’s common stock, with a proportionate reduction in the Company’s authorized shares of common stock, outstanding equity awards and number of shares remaining available for issuance under the Company’s 2017 Equity Incentive Plan. The par value of each share of common stock will remain unchanged. The Company’s common stock is expected to begin trading on the Nasdaq Global Select Market on a post-reverse stock split basis beginning on March 9, 2023, under a new CUSIP number: 649604840.
Company Contact
- CEO
- Jason T. Serrano
- CFO
- Kristine R. Nario-Eng
- Headquarters
- 90 Park Avenue, New York, NY 10016
- Phone
- 212-792-0107
- Investor Relations
- Kristine R. Nario-Eng · 646-216-2363 · knario@adamasreit.com