Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 8

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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 derivative instruments, net86,774 (4,042)Other losses (gains), net8,379 (19,476)Gains on residential loans held for sale, net(8,592)— Originations of residential loans held for sale(235,513)— Proceeds from sales and repayments of residential loans held for sale217,770 — Impairment of real estate9,437 48,142 Loss on reclassification of disposal group— 14,636 Income from preferred equity, mezzanine loan and equity investments(7,435)(18,110)Distributions of income from preferred equity, mezzanine loan and equity investments25,425 11,889 Stock based compensation expense, net5,767 3,501 Cash reclassified from assets of disposal group held for sale1,612 2,632 Changes in operating assets and liabilities3,109 (16,516)Net cash provided by (used in) operating activities71,959 (15,045)Cash Flows from Investing Activities:  Acquisition of businesses, net of cash and restricted cash acquired(16,733)— Proceeds from sales of investment securities663,336 — Principal paydowns received on investment securities392,783 171,415 Purchases of investment securities(3,951,844)(1,535,586)Principal repayments received on residential loans1,102,826 800,761 Proceeds from sales of residential loans165,116 149,833 Purchases and originations of residential loans(1,194,262)(1,345,122)Principal repayments received on preferred equity and mezzanine loan investments14,000 5,100 Return of capital from equity investments33,150 5,000 Funding of preferred equity, mezzanine loan and equity investments(413)(1,258)Net variation margin paid for derivative instruments(104,379)(17,046)Net payments received from derivative instruments24,305 25,957 Net proceeds from sale of real estate142,299 113,587 Proceeds from sales of joint venture equity investments in VIEs500 800 Decrease in cash from de-consolidation of Consolidated VIEs— (2,495)Purchases of investments held in Consolidated SLST(12,179)(9,857)Capital expenditures on real estate(6,887)(21