Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 112

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 112
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— 1,479 Total other income (loss)41,720 12,162 (5,278)48,604 GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:General and administrative expenses 463 12,274 10,612 23,349 Portfolio operating expenses6,040 — 707 6,747 Loan origination costs— 3,788 — 3,788 Financing transaction costs4,306 — 3,635 7,941 Total general, administrative and operating expenses10,809 16,062 14,954 41,825 INCOME (LOSS) FROM OPERATIONS BEFORE INCOME TAXES72,056 (3,776)(28,793)39,487 Income tax expense (benefit)12 — (310)(298)NET INCOME (LOSS)72,044 (3,776)(28,483)39,785 Net loss attributable to non-controlling interests5,035 — — 5,035 NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY77,079 (3,776)(28,483)44,820 Preferred stock dividends— — (12,118)(12,118)NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$77,079 $(3,776)$(40,601)$32,702 

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For the Nine Months Ended September 30, 2025Investment PortfolioConstructiveCorporate/OtherTotalNET INTEREST INCOME:Interest income$429,025 $2,192 $51 $431,268 Interest expense303,038 2,068 20,031 325,137 Total net interest income (loss)125,987 124 (19,980)106,131 NET LOSS FROM REAL ESTATE:Rental income51,940 — — 51,940 Other real estate income8,457 — — 8,457 Total income from real estate60,397 — — 60,397 Interest expense, mortgages payable on real estate17,298 — — 17,298 Depreciation and amortization17,759 — — 17,759 Other real estate expenses34,466 — — 34,466 Total expenses related to real estate69,523 —