ADAMAS TRUST, INC.
Close on Oct 19, 2026
- Market cap
- $680.60M
- P/E (TTM)
- 4.4
- Dividend yield
- –
About Adamas Trust
Real Estate Investment Trusts, SIC 6798
Adamas Trust, Inc. operates as an internally managed real estate investment trust focused on residential mortgage-related assets. The company conducts business through two operating segments: an investment portfolio and Constructive. Its investment portfolio primarily holds single-family and multi-family assets, including Agency and non-Agency residential mortgage-backed securities, residential loans, and preferred equity in multi-family housing. Through its Constructive segment, the company originates short-term transitional bridge loans and rental loans. Adamas serves residential real estate investors seeking property financing, as well as institutional buyers who purchase originated loans. It also provides housing to eligible families through public voucher programs.
The company's loan origination subsidiary operates across 48 states. The firm also owns 471 single-family rental homes, predominantly in Illinois and Maryland, alongside preferred and common equity interests in nine multi-family properties across six states. Adamas employs 221 full-time workers, with staff located in New York, New York; Charlotte, North Carolina; Woodland Hills, California; and Oakbrook Terrace, Illinois. The report does not identify a specific headquarters location.
Summary of the business section of Adamas Trust's latest annual report, written by StockData.
Company profile
Company
- Legal name
- ADAMAS TRUST, INC.
- Founded
- 2003
- Headquarters
- New York, NY
- Address
- 90 Park Avenue 23rd Floor 10016
- Phone
- (212) 792-0107
- Employees
- 221, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- GRANT THORNTON LLP, Philadelphia, Pennsylvania
Stock & identifiers
- Ticker
- ADAM
- Other tickers
- ADAMG, ADAMH, ADAMI, ADAMK, ADAML, ADAMM, ADAMN, ADAMO, ADAMZ
- Exchange
- Nasdaq
- IPO date
- Jun 24, 2004
- Shares outstanding
- 90M, Jul 24, 2026
- Public float
- $595.57M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 1-for-4 reverse, Mar 9, 2023; 1-for-4 reverse, Feb 22, 2023; 1-for-2 reverse, May 29, 2008; 1-for-5 reverse, Oct 9, 2007
- SEC CIK
- 1273685
- CUSIP
- 649604840
- ISIN
- US6496048405
- LEI
- 549300JFGR0M7ULHWG48
- EIN
- 47-0934168
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jason T. Serrano | Chief Executive Officer, Director | 389,714 |
| Kristine Rimando Nario-Eng | Chief Financial Officer | 156,546 |
| Nicholas Mah | President | 251,456 |
| Steven G. Norcutt | Director | 79,688 |
| Audrey Greenberg | Director | 28,222 |
| Gena Cheng | Director | 21,599 |
| Lisa A. Pendergast | Director | 54,485 |
| Steven R. Mumma | Director | 491,541 |
| Michael B. Clement | Director | 101,309 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr. Serrano | $8.18M | $10.96M | $4.19M | $91 | $114 |
| FY2024 Mr. Serrano | $3.91M | $1.43M | $2.25M | $67 | $98 |
| FY2023 Mr. Serrano | $5.65M | $3.50M | $2.31M | $83 | $98 |
| FY2022 Mr. Serrano | $4.77M | $3.55M | $1.54M | $88 | $85 |
| FY2021 Mr. Serrano | $5.38M | $4.23M | $2.67M | $111 | $116 |
| FY2020 Mr. Serrano | $4.32M | $1.24M | $2.11M | $77 | $99 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 221 full-time employees, including our executive management team, 160 (or 72%) of which are directly engaged in the operations of Constructive.”
Corporate history
Events identified from SEC filings