Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 116

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 116
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 in thousands):December 31, 2024Financing TypeSOFR Strike PriceNotional AmountExpiration DateMortgage payable on real estate3.22 %$45,142 January 1, 2025(1)(1)Replacement interest rate cap purchased in January 2025.December 31, 2023Financing TypeWeighted Average SOFR Strike PriceSOFR Strike Price/RangeNotional AmountExpiration Date/RangeRepurchase agreement4.10 %4.10 %$111,000 November 17, 2024Mortgages payable on real estate2.13 %1.50% - 3.22%439,025 January 9, 2024 - January 15, 2025The following tables present information about our interest rate swaps whereby we receive floating rate payments in exchange for fixed rate payments as of December 31, 2024 and 2023, respectively (dollar amounts in thousands):December 31, 2024Swap MaturitiesNotional AmountWeighted Average Fixed Interest RateWeighted Average Variable Interest Rate2025$1,377,250 4.53 %4.89 %2026159,120 4.10 %4.53 %2027622,123 3.98 %4.75 %2028510,325 3.90 %4.93 %2029614,585 3.86 %4.71 %2033319,590 4.00 %4.83 %2034178,224 3.86 %4.83 %2044300,000 3.34 %4.80 %Total$4,081,217 4.09 %4.82 %December 31, 2023Swap MaturitiesNotional AmountWeighted Average Fixed Interest RateWeighted Average Variable Interest Rate2025$1,476,370 4.62 %5.33 %2026214,985 4.19 %5.33 %2028674,804 4.03 %5.35 %2033358,806 4.04 %5.34 %Total$2,724,965 4.36 %5.34 %

F-51

The following tables present information about our interest rate swaps whereby we receive fixed rate payments in exchange for floating