Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 7

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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 (3,493)Stock based compensation expense, net5 — 1,061 — — 1,066 — 1,066 Dividends declared on common stock— — — (36,365)— (36,365)— (36,365)Dividends declared on preferred stock— — — (20,878)— (20,878)— (20,878)Dividends attributable to dividend equivalents— — — (556)— (556)— (556)Reclassification adjustment for net loss included in net loss— — — — 4 4 — 4 Increase in non-controlling interest related to de-consolidation of VIEs— — — — — — 1,526 1,526 Contributions of non-controlling interest in Consolidated VIEs— — — — — — 462 462 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (1,014)(1,014)Adjustment of redeemable non-controlling interest to estimated redemption value— — (13,991)— — (13,991)— (13,991)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.9

Table of ContentsNEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Dollar amounts in thousands)(unaudited)

For the Six Months EndedJune 30,20252024Cash Flows from Operating Activities:  Net income (loss)$41,505 $(104,141)Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:Net amortization 8,926 8,978 Depreciation and amortization expense related to operating real estate11,823 24,811 Realized losses, net44,871 18,024 Unrealized (gains) losses, net(142,818)55