Home Dividends Analysis REITs Analysis Financials  Summary Adamas Trust, Inc., formerly New York Mortgage Trust, offers high-yielding income options including common, and preferred shares and baby bonds. Net interest income has more than tripled year-over-year, driven by portfolio growth to nearly $11 billion and improved asset yields. Leverage has increased significantly, with recourse leverage rising from 3.4x to 5.2x, elevating interest rate and liquidity risks. I favor the floating rate Series E preferred, ADAMM, for its 10% yield and downside protection over the common shares, given current risk factors. Introduction Adamas Trust, Inc. ( ADAM ), is a real estate investment trust that invests primarily in mortgages, commonly known as an mREIT. Investors who do not recognize the name may be familiar with it when it was known as New York Mortgage Trust. Like most mREITs, the company has a high-yielding dividend, currently yielding 10.55%.…