Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 2

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 expense104,454 71,731 201,091 137,759 Total net interest income36,447 19,044 69,545 36,907 NET LOSS FROM REAL ESTATE:Rental income17,806 30,817 35,340 63,971 Other real estate income2,832 5,649 5,953 10,572 Total income from real estate20,638 36,466 41,293 74,543 Interest expense, mortgages payable on real estate5,882 16,551 11,890 37,320 Depreciation and amortization5,928 12,235 11,823 24,811 Other real estate expenses11,842 20,786 22,829 41,885 Total expenses related to real estate23,652 49,572 46,542 104,016 Total net loss from real estate(3,014)(13,106)(5,249)(29,473)OTHER (LOSS) INCOME:    Realized losses, net(3,771)(7,491)(44,871)(18,024)Unrealized gains (losses), net24,614 (16,512)142,818 (55,902)(Losses) gains on derivative instruments, net(26,966)15,471 (73,768)64,682 (Loss) income from equity investments(1,428)6,108 2,161 3,973 Impairment of real estate(3,913)(4,071)(7,818)(40,319)Loss on reclassification of disposal group— — — (14,636)Other income (loss)2,200 415 4,167 (3,175)Total other (loss) income(9,264)(6,080)22,689 (63,401)GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:General and administrative expenses 11,786 11,648 24,201 24,703 Portfolio operating expenses7,354 7,399 14,560 15,141 Financing transaction costs750 4,552 6,232 8,098 Total general, administrative and operating expenses19,890 23,599 44,993 47,942 INCOME (LOSS) FROM OPERATIONS BEFORE IN