Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 61

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 61
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Non-Cash Investment Activities:De-consolidation of real estate held in Consolidated VIEs$622,708 $— $— De-consolidation of mortgages payable on real estate held in Consolidated VIEs$629,763 $— $— Consolidation of residential loans held in Consolidated SLST$285,057 $— $— Consolidation of Consolidated SLST CDOs$275,200 $— $— Consolidation of real estate held in Consolidated VIEs$— $54,439 $664,437 Consolidation of mortgages payable on real estate held in Consolidated VIEs$— $45,142 $524,217 Transfer from residential loans to real estate owned$85,342 $42,485 $18,858 Transfer from residential loans to real estate, net$2,640 $— $— Distribution of mortgage servicing rights from equity investment$10,917 $— $— Non-Cash Financing Activities:Dividends declared on common stock and dividend equivalents to be paid in subsequent period$19,844 $21,716 $39,503 Dividends declared on preferred stock to be paid in subsequent period$10,435 $10,435 $10,493 Mortgages and notes payable assumed by purchaser of real estate held for sale in Consolidated VIEs$24,073 $— $— Cash, Cash Equivalents and Restricted Cash Reconciliation:Cash and cash equivalents$167,422 $187,107 $244,718 Restricted cash included in other assets161,602 143,535 136,220 Total cash, cash equivalents, and restricted cash$329,024 $330,642 $380,938 

The accompanying notes are an integral part of the consolidated financial statements.

F-11

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

December 31, 2024

F-12

1.      OrganizationNew York Mortgage Trust, Inc., together with its consolidated subsidiaries (“NYMT,” “we,” “our,” or the “Company”), is an internally-managed real estate investment trust ("REIT") in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets. Our objective is to deliver long-term stable distributions to our stock