Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 271

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 271
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 the corresponding debt liability on the Company’s accompanying consolidated balance sheets and are amortized as an adjustment to interest expense over the term of the agreement using the effective interest method, or straight line-method, if the result is not materially different.

(3)Includes residential loans and real estate owned with an aggregate fair value of $524.6 million and single-family rental properties with a net carrying value of $134.6 million as of December 31, 2024. Includes residential loans with an aggregate fair value of $658.3 million and single-family rental properties with a net carrying value of $146.7 million as of December 31, 2023.

(4)The Company expects to roll outstanding amounts under these repurchase agreements into new repurchase agreements or other financings, or to repay outstanding amounts, prior to or at maturity.

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The following table details the quarterly average balance, ending balance and maximum balance at any month-end during each quarter in 2024, 2023 and 2022 for our repurchase agreements secured by residential loans (dollar amounts in thousands):

Quarter EndedQuarterly AverageBalanceEnd of QuarterBalanceMaximum Balanceat any Month-EndDecember 31, 2024$386,047 $496,410 $496,410 September 30, 2024656,976 566,621 812,828 June 30, 2024521,269 505,542 576,119 March 31, 2024437,826 456,038 456,038 December 31, 2023559,118 611,055 611,055 September 30, 2023469,393 505,477 505,477 June 30, 2023524,264 481,947 579,475 March 31, 2023579,271 562,371 609,885 December 31, 2022833,517 688,487 1,076,747 September 30, 20221,324,819 1,163,408 1,554,993 June 30, 20221,386,714 1,566,926 1,566,926 March 31, 2022682,867 783,168 783,168 

Collateralized Debt Obligations

Included in our portfolio are residential loans that are pledged as collateral for CDOs issued