Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 214

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 214
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 our joint venture equity investments in multi-family properties. The following table presents investment activity for the three months ended September 30, 2025 (dollar amounts in thousands):

June 30, 2025Acquisitions/Originations (1)Repayments (2)SalesTransfers/Initial Consolidation (3)Fair Value Changes and Other (4)September 30, 2025Investment securitiesAgency RMBS and TBAs (5)$4,939,963 $1,816,692 $(141,333)$— $— $43,324 $6,658,646 Non-Agency RMBS39,367 — (12,507)— — 1,314 28,174 U.S. Treasury securities140,435 39,450 — — — 2,653 182,538 Total investment securities available for sale and TBAs5,119,765 1,856,142 (153,840)— — 47,291 6,869,358 Consolidated SLST (6)160,930 — (3,531)— — 1,392 158,791 Total investment securities5,280,695 1,856,142 (157,371)— — 48,683 7,028,149 Residential loans (7)2,826,644 525,745 (321,888)(128,165)55,231 11,481 2,969,048 Residential loans held for sale— 382,443 (137)(218,031)(68,063)8,824 105,036 Preferred equity investments, mezzanine loans and equity investments166,439 — (19,250)— (37,164)(12,553)97,472 Equity investments in consolidated multi-family properties (8)155,581 925 (1,280)— — 2,159 157,385 Equity investments in disposal group held for sale (9)17,386 — (16,230)(500)— 22 678 Single-family rental properties137,075 294 — (2,683)— (2,702)131,984 MSRs19,449 — — — 3,546 (1,099)21,896 Total investments$8,603,269