# ADAMAS TRUST, INC. (ADAM) MD&A by fiscal year

Verbatim Item 7 Management's Discussion and Analysis sections from ADAMAS TRUST, INC.'s 10-K filings, one page per fiscal year. Extracted from SEC filings with the same bounded parser for every year. Filer text, not grepcent analysis or investment advice.

- [FY 2025 MD&A](/company/ADAM/mda/fy2025/): filed 2026-02-20; accession 0001273685-26-000029 (https://www.sec.gov/Archives/edgar/data/1273685/000127368526000029/adam-20251231.htm); latest 10-K
- [FY 2024 MD&A](/company/ADAM/mda/fy2024/): filed 2025-02-21; accession 0001273685-25-000028 (https://www.sec.gov/Archives/edgar/data/1273685/000127368525000028/nymt-20241231.htm)
- [FY 2023 MD&A](/company/ADAM/mda/fy2023/): filed 2024-02-23; accession 0001273685-24-000033 (https://www.sec.gov/Archives/edgar/data/1273685/000127368524000033/nymt-20231231.htm)
- [FY 2022 MD&A](/company/ADAM/mda/fy2022/): filed 2023-02-24; accession 0001273685-23-000045 (https://www.sec.gov/Archives/edgar/data/1273685/000127368523000045/nymt-20221231.htm)
- [FY 2021 MD&A](/company/ADAM/mda/fy2021/): filed 2022-02-25; accession 0001273685-22-000028 (https://www.sec.gov/Archives/edgar/data/1273685/000127368522000028/nymt-20211231.htm)

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