Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 310

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 310
---
 residential loans17,440 17,391 Other assets in consolidated multi-family properties12,077 16,640 Receivables from derivative counterparties8,124 11,059 Deferred tax assets5,941 10,864 Operating lease right-of-use assets5,168 5,460 Derivative assets (2)3,530 56 Other6,004 6,003   Total$354,971 $437,874 (1)Restricted cash represents cash held by third parties including initial margin for derivative contracts and cash held by the Company's securitization trusts. (2)Includes derivative assets held in Consolidated Real Estate VIEs.Other LiabilitiesThe following table presents the components of the Company's other liabilities as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025December 31, 2024Accrued interest payable$43,207 $41,015 Securities purchased but not settled38,402 — Dividends and dividend equivalents payable31,852 30,280 Unfunded commitments for residential and multi-family investments12,594 14,001 Margin payable to derivative counterparties8,610 8,137 Advanced remittances from residential loan servicers6,668 7,029 Accrued expenses6,430 11,141 Deferred revenue6,118 5,817 Accrued expenses and other liabilities in consolidated multi-family properties5,969 10,621 Operating lease liabilities5,620 5,935 Deferred tax liabilities4,353 9,282 Other2,934 4,354   Total$172,757 $147,612 

39

13.      Repurchase AgreementsThe following table presents the carrying value of the Company's repurchase agreements as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Repurchase Agreements Secured By:March 31, 2025December 31, 2024Investment securities$4,128,622 $3,516,611 Residential loans and real estate owned289,896 428,399 Single-family rental properties67,198 67,215 Total carrying value$4,485,716 $4,012,225 As of March