Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 5

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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Net loss ($(4,578) allocated to redeemable non-controlling interest)— — — (15,589)— (15,589)(3,916)(19,505)Common stock repurchases(6)— (3,487)— — (3,493)— (3,493)Stock based compensation expense, net— — 2,262 — — 2,262 — 2,262 Dividends declared on common stock— — — (18,118)— (18,118)— (18,118)Dividends declared on preferred stock— — — (10,439)— (10,439)— (10,439)Dividends attributable to dividend equivalents— — — (406)— (406)— (406)Decrease in non-controlling interest related to de-consolidation of VIEs— — — — — — (73)(73)Contributions of non-controlling interest in Consolidated VIEs— — — — — — 26 26 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (234)(234)Adjustment of redeemable non-controlling interest to estimated redemption value— — (7,563)— — (7,563)— (7,563)Balance, June 30, 2024$906 $535,445 $2,280,664 $(1,385,105)$— $1,431,910 $9,753 $1,441,663 

The accompanying notes are an integral part of the condensed consolidated financial statements.7

NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(Dollar amounts in thousands)

(unaudited)For the Six Months EndedCommonStockPreferredStockAdditionalPaid-InCapitalAccumulated DeficitAccumulatedOtherComprehensiveLossTotal Company's Stockholders' EquityNon-Controlling Interest in Consolidated VIEsTotalBalance, December 31, 2024$906 $535,445 $2,289,044 $(1,430,675)$— $1,394,720