Adamas Trust, Inc. · NASDAQ:ADAM

Adamas Trust — New York Mortgage Trust — Investor Presentation (November 2005)

12 slides from Adamas Trust's investor presentation, Nov 23, 2005

  1. Slide 1: New York Mortgage Trust

    YORK MORTGAGE TRUST

  2. Slide 2: Safe Harbor Statement - Private Securities Litigation Reform Act of 1995

    Safe Harbor Statement - Private Securities Litigation Reform Act of 1995 Forward Looking Information This presentation may include forward-looking statements. These forward-looking statements include comments with respect to our objectives and strategies, and the results of our operations and our bu

  3. Slide 3: New York Mortgage Trust

    YORK MORTGAGE TRUST

  4. Slide 4: Management Ownership

    Management Ownership NTR AHM BMM MHL NLY SFO LUM ANH TMA HMB KFN MFA Ownership 0.18321 0.10388 0.0828 0.06553 0.02288 0.0197 0.01918 0.01911 0.0179 0.01394 0.01306 0.0059 Source: Bloomberg Date: 11/15/05

  5. Slide 5: Origination Growth

    Origination Growth 2002 2003 2004 2005e Current Run Rate 2006e (incl Wholesale) Purchase Originations 469 803 1089 1957 2279.2 2500 Refinance Originations 408 797 756 1643 1729.6 1900 Wholesale 1200 New Wholesale Refinance Purchase $ in millions

  6. Slide 6: Origination Growth v. Industry

    Origination Growth v. Industry 3Q02 3Q03 3Q04 3Q05 NYMC 0 0.1353 0.6983 0.9403 1.2852 0.5968 0.3322 1.4154 0.9521 1.9727 2.1602 3.4159 3.7096 3.7133 Industry 0 0.3049 0.0258 0.5336 0.5491 -0.1835 -0.1899 0.0659 -0.1654 -0.1279 -0.199 -0.0052 0.0026 -0.2093

  7. Slide 7: Origination Growth v. Peers

    Origination Growth v. Peers Peer group of active prime mortgage REITs 6 months ending 2Q05 v. 2Q04 Source: National Mortgage News HMB MHL AHM NTR 102%

  8. Slide 8: Geographic Diversity

    Geographic Diversity Licensed / Authorized to Lend (39 states & DC) 850+ Employees 63 Office Locations Branches in 13 States

  9. Slide 9: Portfolio Strategy

    Portfolio Strategy Self-Originated, Low Cost Loans High Credit Quality ARMs Managed Interest Rate Risk ARM Portfolio

  10. Slide 10: Portfolio Economics

    Portfolio Economics Data as of 9/30/05

  11. Slide 11: Attractive Valuation

    Attractive Valuation Source: Form 10-Q; market price as of 11/17/05 Peer group of active prime mortgage REITs HMB MHL AHM NTR 1.6x 1.2x 1.2x 1.0x Market Price to Tangible Book

  12. Slide 12: New York Mortgage Trust

    YORK MORTGAGE TRUST

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