Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 3

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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ited)

For the Three Months EndedMarch 31,20252024NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$30,285 $(68,340)OTHER COMPREHENSIVE INCOME  Reclassification adjustment for net loss included in net loss— 4 TOTAL OTHER COMPREHENSIVE INCOME— 4 COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$30,285 $(68,336)

The accompanying notes are an integral part of the condensed consolidated financial statements.6

NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(Dollar amounts in thousands)

(unaudited)For the Three Months EndedCommonStockPreferredStockAdditionalPaid-InCapitalAccumulated DeficitAccumulatedOtherComprehensive LossTotal Company's Stockholders' EquityNon-Controlling Interest in Consolidated VIEsTotalBalance, December 31, 2024$906 $535,445 $2,289,044 $(1,430,675)$— $1,394,720 $4,055 $1,398,775 Net income (loss) ($(3,627) allocated to redeemable non-controlling interest)— — — 42,155 — 42,155 (1,463)40,692 Stock based compensation (benefit) expense, net(1)— 862 — — 861 — 861 Dividends declared on common stock— — — (18,106)— (18,106)— (18,106)Dividends declared on preferred stock— — — (11,870)— (11,870)— (11,870)Dividends attributable to dividend equivalents— — — (477)— (477)— (477)Contributions of non-controlling interest in Consolidated VIEs— — — — — — 595 595 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (203)(203)Adjustment of redeemable non-controlling interest to estimated redemption value— — (5,337)— — (5