Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 95

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 95
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 Plan were determined to be dilutive and were included in the calculation of diluted earnings per common share under the treasury stock method. During the nine months ended September 30, 2024, the RSUs and DSUs awarded under the 2017 Plan were determined to be anti-dilutive and were not included in the calculation of diluted loss per common share.During the three and nine months ended September 30, 2024, the PSUs awarded under the 2017 Plan were determined to be anti-dilutive and were not included in the calculation of diluted earnings (loss) per common share. The following table presents the computation of basic and diluted earnings (loss) per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Basic Earnings (Loss) per Common Share:Net income (loss) attributable to Company$44,820 $42,849 $95,522 $(30,640)Less: Preferred Stock dividends(12,118)(10,439)(36,021)(31,317)Net income (loss) attributable to Company's common stockholders$32,702 $32,410 $59,501 $(61,957)Basic weighted average common shares outstanding90,406 90,582 90,437 90,895 Basic Earnings (Loss) per Common Share$0.36 $0.36 $0.66 $(0.68)Diluted Earnings (Loss) per Common Share:Net income (loss) attributable to Company$44,820 $42,849 $95,522 $(30,640)Less: Preferred Stock dividends(12,118)(10,439)(36,021)(31,317)Net income (loss) attributable to Company's common stockholders$32,702 $32,410 $59,501 $(61,957)Weighted average common shares outstanding90,406 90,582 90,437 90,895 Net effect of assumed PSUs vested850 — 676 — Net effect of assumed RSUs and DSUs vested358 4 239 — Diluted weighted average common shares outstanding91,614 90,586 91,352 90,895 Diluted Earnings (Loss) per Common Share$0.