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    ACCESSION NUMBER:		0001104659-25-087812
    CONFORMED SUBMISSION TYPE:	S-3
    PUBLIC DOCUMENT COUNT:		25
    FILED AS OF DATE:		20250905
    DATE AS OF CHANGE:		20250905

    FILER:

    	COMPANY DATA:
    		COMPANY CONFORMED NAME:			ADAMAS TRUST, INC.
    		CENTRAL INDEX KEY:			0001273685
    		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE INVESTMENT TRUSTS [6798]
    		ORGANIZATION NAME:           	05 Real Estate & Construction
    		EIN:				470934168
    		STATE OF INCORPORATION:			MD
    		FISCAL YEAR END:			1231

    	FILING VALUES:
    		FORM TYPE:		S-3
    		SEC ACT:		1933 Act
    		SEC FILE NUMBER:	333-290073
    		FILM NUMBER:		251296958

    	BUSINESS ADDRESS:
    		STREET 1:		90 PARK AVENUE 23RD FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10016
    		BUSINESS PHONE:		(212) 792-0107

    	MAIL ADDRESS:
    		STREET 1:		90 PARK AVENUE 23RD FLOOR
    		CITY:			NEW YORK
    		STATE:			NY
    		ZIP:			10016

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	NEW YORK MORTGAGE TRUST, INC.
    		DATE OF NAME CHANGE:	20250110

    	FORMER COMPANY:
    		FORMER CONFORMED NAME:	NEW YORK MORTGAGE TRUST INC
    		DATE OF NAME CHANGE:	20031217
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    <DESCRIPTION>EXHIBIT 5.1
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