Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 137

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 137
---
/OtherTotalSingle-FamilyMulti-FamilyCorporate/OtherTotalGAAP interest income$137,246 $2,203 $1,452 $140,901 $88,067 $2,708 $— $90,775 GAAP interest expense(96,107)— (8,347)(104,454)(67,434)— (4,297)(71,731)GAAP total net interest income (loss)$41,139 $2,203 $(6,895)$36,447 $20,633 $2,708 $(4,297)$19,044 GAAP interest income$137,246 $2,203 $1,452 $140,901 $88,067 $2,708 $— $90,775 Adjusted for:Consolidated SLST CDO interest expense(8,429)— — (8,429)(6,752)— — (6,752)TBA dollar roll income7 — — 7 — — — — Adjusted interest income$128,824 $2,203 $1,452 $132,479 $81,315 $2,708 $— $84,023 GAAP interest expense$(96,107)$— $(8,347)$(104,454)$(67,434)$— $(4,297)$(71,731)Adjusted for:Consolidated SLST CDO interest expense8,429 — — 8,429 6,752 — — 6,752 Net interest benefit of interest rate swaps3,149 — 505 3,654 7,631 — 659 8,290 Adjusted interest expense$(84,529)$— $(7,842)$(92,371)$(53,051)$— $(3,638)$(56,689)Adjusted net interest income (loss) (1)$44,295 $2,203 $(6,390)$40,108 $28,264 $2,708 $(3,638)$27,334 

109

For the Six Months Ended June 30,20252024Single-FamilyMulti-FamilyCorporate/OtherTotalSingle-FamilyMulti-FamilyCorporate/OtherTotalGAAP interest income260,178 4,808 $