Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 59

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 59
---
ishment of collateralized debt obligations and mortgages payable on real estate2,864 796 (2,214)Income from preferred equity, mezzanine loan and equity investments(26,796)(28,774)(30,162)Distributions of income from preferred equity, mezzanine loan and equity investments24,222 26,076 49,832 Stock based compensation expense, net6,068 8,825 11,895 Cash reclassified from (to) assets of disposal group held for sale3,215 8,267 (13,944)Changes in operating assets and liabilities(15,036)(16,747)(14,785)Net cash provided by operating activities14,071 29,953 91,783 Cash Flows from Investing Activities:Proceeds from sales of investment securities5,284 64,690 85,437 Principal paydowns received on investment securities296,611 56,459 24,680 Purchases of investment securities(2,210,935)(2,014,385)(24,879)Principal repayments received on residential loans1,147,168 1,062,247 1,361,040 Proceeds from sales of residential loans162,883 25,144 — Purchases of residential loans(1,883,708)(612,784)(1,738,474)Principal repayments received on preferred equity and mezzanine loan investments5,100 8,460 29,050 Return of capital from equity investments25,061 74,275 60,055 Funding of preferred equity, mezzanine loan and equity investments(1,498)(52,400)(28,086)Funding of joint venture equity investments in Consolidated VIEs— — (177,570)Cash received from initial consolidation of VIEs— 102 6,897 Proceeds from sales of joint venture equity investments in Consolidated VIEs2,050 — — Decrease in cash from de-consolidation of Consolidated VIEs(3,956)— — Net variation margin received (paid) for derivative instruments70,656 (27,447)— Net payments received from derivative instruments 29,691 24,215 1,881 Net proceeds from sale of real estate157,203 221,968 100,666 Purchases of and capital expenditures on real estate(24