Mission Statement, Vision, & Core Values of New York Mortgage Trust, Inc. (NYMT)

Understanding the foundational principles of a real estate investment trust (REIT) like New York Mortgage Trust, Inc. (NYMT) is defintely the first step before analyzing their balance sheet, especially as the firm pivots its strategy.

The firm, which rebranded to Adamas Trust, Inc. in September 2025, operates on a core mission to generate durable earnings and long-term stockholder value, a commitment that must be weighed against their Q2 2025 Earnings Available for Distribution (EAD) of $20.024 million.

Do you know how their stated values of 'strength, integrity, and resilience' translate into the management of a total investment portfolio that hit $8.3 billion in Q1 2025, and what that means for sustaining a forward dividend yield of 11.25% as of November 2025?

Let's look past the new name to see how the underlying principles drive their capital deployment strategy.

New York Mortgage Trust, Inc. (NYMT) Overview

You're looking for clarity on a mortgage real estate investment trust (mREIT) operating in a complex market, and the most important near-term action is to understand its recent strategic pivot. New York Mortgage Trust, Inc. (NYMT) is a seasoned mREIT that, as of September 3, 2025, officially rebranded to Adamas Trust, Inc. (ADAM) to better reflect its renewed focus on generating durable earnings and long-term value for stockholders.

The company, which was founded in 1997, primarily focuses on acquiring, investing in, financing, and managing mortgage-related single-family and multifamily residential assets across the United States. This isn't just a paper-shuffling operation; it involves actively managing a diversified portfolio to capture opportunities across real estate and capital markets. The core of their business is generating interest income from a mix of credit-sensitive single-family and multifamily assets, like residential loans and structured multifamily property investments, plus traditional fixed-income investments such as Agency Residential Mortgage-Backed Securities (RMBS).

Their momentum in 2025 has been significant. By the end of the second quarter, the total investment portfolio had expanded to $8.6 billion. Total asset acquisitions for the first half of 2025 already exceeded $2.8 billion, showing a clear commitment to deploying capital and growing the asset base. That's a serious capital deployment pace.

2025 Financial Performance: A Portfolio Re-Alignment Pays Off

The latest financial reports for the first half of 2025 show a strong upward trend in core earnings, even with market volatility impacting GAAP net income. The company's strategic portfolio realignment, which focused on Agency RMBS and business purpose loans (BPLs), has demonstrably enhanced portfolio earnings.

Here's the quick math: In the second quarter of 2025, total interest income reached $140.9 million, up from $129.7 million in the first quarter of 2025. This resulted in a net interest income of $36.4 million for Q2 2025, which is a key indicator of their core profitability. The real story is the Earnings Available for Distribution (EAD) per share, which is what often matters most to mREIT investors.

• Q2 2025 EAD per share hit $0.22, a 10% quarter-over-quarter increase.
• Q1 2025 EAD per share was $0.20.
• Adjusted net interest income per share rose 47% year-over-year.

While the company reported a GAAP net loss of $3.49 million for Q2 2025, that loss was a significant improvement, narrowed by 87% from the prior year. What this estimate hides is the non-cash accounting impact of mark-to-market changes; the EAD growth is the better measure of operational cash flow and dividend sustainability. The company's total adjusted interest income for Q2 2025 was $132.5 million, an 8% increase from the previous quarter, which is defintely a growth signal.

Industry Position and Strategic Leadership

New York Mortgage Trust, Inc. (NYMT), now Adamas Trust, Inc., is positioning itself as a leader by combining a diversified investment strategy with a management team that has a 20-plus year track record across market cycles. This isn't about being the biggest mREIT, but about being one of the most strategically agile.

The September 2025 rebrand to Adamas Trust, Inc. was a deliberate move to underscore the company's core principles of strength and resilience, which are crucial in the volatile mortgage market. Their focus on deploying capital into higher-yielding assets, like business purpose loans, has driven their adjusted net interest income per share up 47% year-over-year, clearly outpacing many peers. In a broad assessment of the finance sector, the company scored higher than 65% of companies evaluated by MarketBeat, demonstrating above-average performance metrics.

They are an internally managed REIT, which helps align management's interests with shareholders, and their investment portfolio expansion to $8.6 billion shows they are successfully executing their strategy. To understand who is capitalizing on this strategy, you should check out Exploring New York Mortgage Trust, Inc. (NYMT) Investor Profile: Who's Buying and Why?

New York Mortgage Trust, Inc. (NYMT) Mission Statement

You're looking for the bedrock principles guiding New York Mortgage Trust, Inc. (NYMT), especially as they navigate a volatile market and a significant corporate rebrand. The company's mission, while not always a single, static sentence, is clearly defined by its strategic actions and its stated long-term goal: To generate durable earnings and long-term stockholder value by strategically deploying capital across a diversified portfolio of high-quality, mortgage-related residential assets. This mission is the lens through which every investment decision is made, ensuring capital deployment is disciplined and risk-adjusted.

This mission is crucial because it maps directly to the company's performance as a real estate investment trust (REIT), which must distribute a significant portion of its taxable income to shareholders. A clear mission acts as a Breaking Down New York Mortgage Trust, Inc. (NYMT) Financial Health: Key Insights for Investors, helping investors understand how the firm intends to deliver its quarterly dividend, which was $0.20 per common share for Q2 2025. The recent corporate rebrand to Adamas Trust, Inc. in September 2025, which means 'unbreakable,' further cemented this mission by emphasizing strength, resilience, and long-term vision as core principles.

Core Component 1: Generating Durable Earnings and Long-Term Stockholder Value

The first, most concrete component of the mission is the commitment to financial results that are both substantial and sustainable-what we call 'durable earnings.' This isn't about one-off gains; it's about structuring the portfolio to produce stable, predictable income streams across different economic cycles. Here's the quick math: in the second quarter of 2025 alone, New York Mortgage Trust, Inc. reported $20.024 million in Earnings Available for Distribution (EAD) attributable to common stockholders.

This focus on durable earnings is why the company concentrates on Net Interest Income (NII)-the difference between interest earned on assets and interest paid on liabilities. For the three months ended June 30, 2025, the company generated Net Interest Income of $36.447 million. That's a clear marker of effective interest margin management. The goal is simple: maximize the spread while managing interest rate risk. That's how you build long-term value, defintely.

• Q2 2025 EAD per share: $0.22.
• Total investment portfolio: $8.6 billion as of Q2 2025.
• Adjusted Book Value per share: $10.26 at the end of Q2 2025.

Core Component 2: Strategic Capital Deployment and Portfolio Diversification

The second component is the method: strategically deploying capital into a diversified pool of mortgage-related residential assets. You can't generate durable earnings in this market without being smart about where you put your money. New York Mortgage Trust, Inc. is actively shifting its portfolio to focus on assets that offer attractive carry (the net cost of holding an asset) and stable convexity profiles (how sensitive the price is to interest rate changes).

The portfolio composition as of the second quarter of 2025 shows this diversification in action:

• Single-Family Credit/Other: 44%
• Multi-Family investments: 38%
• Single-Family Agency (Government-backed): 18%

This strategy isn't static. In Q2 2025, the company acquired approximately $798 million of new single-family investments, including $503.7 million of Agency Residential Mortgage-Backed Securities (RMBS) and $280.2 million in residential loans, mostly business purpose loans (BPLs). This deliberate focus on high-coupon residential loans and Agency investments demonstrates a commitment to high-quality assets that support the mission's financial goal.

Core Component 3: Unwavering Core Principles: Strength, Resilience, and Integrity

The final, foundational component is the company's operating ethos, which was underscored by the September 2025 rebrand. The new name, Adamas, is a direct statement about the 'unwavering core principles' that drive their decision-making. This is where the human element comes in; it's about how they manage risk and interact with the market.

The company's management team has a 20+ year track record across market cycles, which is the definition of resilience in the finance world. Their decision to fully acquire Constructive Loans, LLC in July 2025, for approximately $38.4 million in cash consideration, is a concrete example of this principle. This move wasn't just an investment; it was a strategic integration to expand their operating platform into residential business purpose lending, enhancing their ability to source and manage high-quality credit assets. This expansion shows an integrity to their strategy-they are building a platform designed to capture opportunities and generate returns regardless of market conditions.

New York Mortgage Trust, Inc. (NYMT) Vision Statement

You're looking for the bedrock principles-the mission, vision, and values-that guide New York Mortgage Trust, Inc. (NYMT) right now, especially after the significant corporate rebrand to Adamas Trust, Inc. in September 2025. The direct takeaway is that their strategic north star is a shift toward a more resilient, multi-dimensional investment platform, explicitly designed to generate durable earnings across various market cycles.

This rebrand was more than a cosmetic change; it formalized a strategy already underway, focusing on strength and long-term value creation. The company's vision, mission, and core values are now tightly interwoven with the meaning of the new name, Adamas-Greek for 'firm,' 'unbreakable,' and 'lasting.' This is a clear signal to the market about their commitment to stability in a volatile real estate investment trust (REIT) environment.

To understand the current strategic direction, you need to look at the execution. For a deeper dive into the numbers supporting this shift, you can check out Breaking Down New York Mortgage Trust, Inc. (NYMT) Financial Health: Key Insights for Investors.

Vision: A Multi-Dimensional Investment and Operating Platform

The core vision for New York Mortgage Trust, Inc. is to evolve into a multi-dimensional investment and operating platform, one that is 'unbound by geography.' This means moving beyond a single-focus model to a diversified structure that can better capture opportunities and mitigate risk across the real estate and capital markets. It's about building an enterprise that can pivot, not just a static portfolio.

This vision is backed by a clear capital allocation strategy. As of the second quarter of 2025, the investment portfolio had expanded to $8.6 billion, demonstrating tangible growth in their asset base. The diversification is evident in the portfolio mix:

• Single-Family Credit/Other: 44%
• Multi-Family investments: 38%
• Single-Family Agency: 18%

The acquisition of Constructive Loans, LLC in July 2025 for approximately $38.4 million is a concrete example of this vision in action, accelerating their expansion into residential business purpose lending (BPLs) and vertically integrating their operating platform. That's a defintely smart move for capturing origination-to-securitization value.

Mission: Generating Durable Earnings and Long-Term Stockholder Value

The company's mission is laser-focused on generating 'durable earnings and long-term stockholder value.' This isn't just a boilerplate phrase; it's a mandate for how they structure their balance sheet and manage their interest rate exposure. Durable earnings imply a reliance on recurring income streams that can withstand economic headwinds, which is crucial for a REIT.

Here's the quick math on their recent performance: In Q2 2025, New York Mortgage Trust, Inc. reported Earnings Available for Distribution (EAD) per share of $0.22, which successfully surpassed the quarterly common stock dividend of $0.20 per share. This small but critical margin shows the mission is being executed-recurring earnings are covering the distribution, which is the primary driver of stockholder value in a REIT.

The long-term value component is tied to book value. While the market price often trades at a discount, the adjusted book value per common share stood at $10.26 at the end of Q2 2025. The mission is to close that gap by demonstrating the resilience and earning power of the diversified, credit-sensitive portfolio.

Core Values: Firmness, Unbreakability, and Lasting Resilience

The core values are the 'unwavering core principles' that underpin the new corporate identity. They are best summarized by the three pillars derived from the name Adamas: Firmness, Unbreakability, and Lasting Resilience. This is a framework for disciplined portfolio management and risk mitigation.

Firmness: This translates to a disciplined approach to capital deployment. It means selecting high-quality assets, like the Agency Residential Mortgage-Backed Securities (RMBS) and BPLs, even when market spreads are tight. It's about not chasing yield at the expense of credit quality.

Unbreakability: This value speaks directly to their liquidity position and risk management. The company has enhanced its liquidity through strategic financing transactions in 2025, including the issuance of $90.0 million in aggregate principal amount of 9.875% Senior Notes due 2030. This bolsters the balance sheet against market volatility, making the platform more 'unbreakable.'

Lasting Resilience: This is the long-term view, emphasizing a management team with a track record across multiple market cycles. It means continuously optimizing the portfolio to deliver attractive, risk-adjusted returns over years, not just quarters. The consistent dividend of $0.20 per share, maintained through 2025, is the most visible sign of this commitment to lasting, predictable returns for investors.

New York Mortgage Trust, Inc. (NYMT) Core Values

You're looking for the bedrock of a mortgage real estate investment trust (REIT), especially one like New York Mortgage Trust, Inc. (NYMT) that just navigated a volatile market. The direct takeaway is that their core principles-Strength, Resilience, and Integrity-aren't just words; they are the operational framework that drove their strategic moves and financial performance through the first three quarters of 2025.

Honestly, in the complex world of mortgage-related assets, a firm's values map directly to its risk-adjusted returns. When NYMT announced its corporate rebrand in September 2025, CEO Jason Serrano stated the new name was chosen to reflect these 'unwavering core principles.' So, let's look at how these values translate into real 2025 action and numbers for you.

Strength

Strength, for a REIT, means having the capital and the balance sheet structure to withstand market shifts and seize opportunities quickly. It's about having dry powder (excess liquidity) and a growing, diversified portfolio.

NYMT defintely showed this strength in 2025 by aggressively deploying capital. The company's total investment portfolio expanded to $8.6 billion as of the second quarter of 2025. This growth was fueled by significant acquisition activity, with total asset acquisitions for 2025 exceeding $2.8 billion by Q2. That's a clear sign of financial muscle.

• Maintain over $400 million in excess liquidity.
• Total portfolio grew to $8.6 billion by Q2 2025.
• Acquired over $2.8 billion in assets year-to-date 2025.

Here's the quick math on liquidity: as of the end of Q2 2025, NYMT reported an excess liquidity capacity of $416 million, split between cash and available financing. This war chest allows them to jump on high-yield Agency Residential Mortgage-Backed Securities (RMBS) and Business Purpose Loans (BPLs) when others are pulling back. This is how you generate sustainable recurring income, which is the whole point of a strong REIT.

Resilience

Resilience is the ability to not just survive a downturn but to strategically pivot and emerge stronger. It's a testament to the management team's 20+ year track record across market cycles. For NYMT, this value is demonstrated by their strategic shift toward higher-spread assets and the successful integration of a key operating platform.

The company's focus on generating durable earnings is evident in the improvement of its net interest spread (the difference between the yield on assets and the cost of funding). The net interest spread increased from 1.32% in Q1 2025 to 150 basis points (or 1.50%) in Q2 2025. That 18 basis point jump shows a resilient, active management of their asset-liability mix.

A concrete example of this strategic resilience is the July 2025 acquisition of the remaining 50% interest in Constructive Loans, LLC. This move fully integrates a leading originator of business purpose loans-a higher-yielding asset class-which originated over $1.7 billion in BPLs in the 12 months leading up to the acquisition. That's a long-term play for recurring earnings, insulating the company from pure market volatility.

Integrity

In finance, integrity is about transparency, consistent execution, and honoring commitments to shareholders. The most tangible commitment a REIT makes is its dividend, and NYMT has maintained a strong track record here.

Despite a GAAP loss per share of ($0.04) in Q2 2025, the company's Earnings Available for Distribution (EAD) per share rose to $0.22, up 10% from the prior quarter. This EAD figure is the true measure of a REIT's ability to cover its dividend, and it surpassed the quarterly dividend of $0.20 per share. This consistency, even when book value is under pressure, speaks volumes about their commitment to shareholder return.

Also, the company's financial reporting provides a clear picture of their risk profile, including the recourse leverage ratio, which increased to 3.8x at the end of Q2 2025. Transparency about leverage and performance, like the detailed breakdown of their portfolio allocation across Single-Family Credit/Other, Single-Family Agency, and Multi-Family segments, is part of their fiduciary integrity. If you want a deeper dive on how these numbers affect the bigger picture, you should read Breaking Down New York Mortgage Trust, Inc. (NYMT) Financial Health: Key Insights for Investors.

Finance: continue to monitor the EAD-to-dividend coverage ratio quarterly to ensure this commitment remains solid.