Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 241

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 241
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 with a combination of cash flow from operations, proceeds from common and preferred equity and debt securities offerings, including senior unsecured notes and subordinated debentures, short-term and longer-term repurchase agreements and CDOs. A detailed discussion of our liquidity and capital resources is provided in “Liquidity and Capital Resources” elsewhere in this section.

The following tables set forth our allocated capital by investment category at December 31, 2024 and 2023, respectively (dollar amounts in thousands). 

At December 31, 2024:

Single-FamilyMulti-FamilyCorporate/OtherTotalResidential loans$3,841,738 $— $— $3,841,738 Consolidated SLST CDOs(811,591)— — (811,591)Investment securities available for sale3,206,499 — 622,045 3,828,544 Multi-family loans— 86,192 — 86,192 Equity investments— 74,774 38,718 113,492 Equity investments in consolidated multi-family properties (1)— 151,210 — 151,210 Equity investments in disposal group held for sale (2)— 19,504 — 19,504 Single-family rental properties142,246 — — 142,246 Mortgage servicing rights21,003 — — 21,003 Total investment portfolio carrying value6,399,895 331,680 660,763 7,392,338 Liabilities:Repurchase agreements(3,377,161)— (635,064)(4,012,225)Collateralized debt obligationsResidential loan securitization CDOs(2,096,096)— — (2,096,096)Non-Agency RMBS re-securitization(70,757)— — (70,757)Senior unsecured notes— — (159,196)(159,196)Subordinated debentures— — (45,000)(45,000)Cash, cash equivalents and restricted cash (3)115,926 — 208,948 324,874 Cumulative adjustment of redeemable non-controlling interest to estimated redemption value— (40,675)— (40,675)Other138,012 (1,864)(34,691)101,457 Net Company capital