Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 4

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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,337)— (5,337)Balance, March 31, 2025$905 $535,445 $2,284,569 $(1,418,973)$— $1,401,946 $2,984 $1,404,930 

Balance, December 31, 2023$907 $535,445 $2,297,081 $(1,253,817)$(4)$1,579,612 $20,453 $1,600,065 Net loss ($(14,400) allocated to redeemable non-controlling interest)— — — (57,901)— (57,901)(7,758)(65,659)Stock based compensation expense (benefit), net5 — (1,201)— — (1,196)— (1,196)Dividends declared on common stock— — — (18,246)— (18,246)— (18,246)Dividends declared on preferred stock— — — (10,439)— (10,439)— (10,439)Dividends attributable to dividend equivalents— — — (150)— (150)— (150)Reclassification adjustment for net loss included in net loss— — — — 4 4 — 4 Increase in non-controlling interest related to de-consolidation of VIEs— — — — — — 1,598 1,598 Contributions of non-controlling interest in Consolidated VIEs— — — — — — 436 436 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (779)(779)Adjustment of redeemable non-controlling interest to estimated redemption value— — (6,428)— — (6,428)— (6,428)Balance, March 31, 2024$912 $535,445 $2,289,452 $(1,340,553)$— $1,485,256 $13,950 $1,499,206 

The accompanying notes are an integral part of the condensed consolidated financial statements.7

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