Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 77

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 (2)— — 21,896 21,896 — — 21,003 21,003 Assets of disposal group held for sale (3)— — — — — 67 — 67 Total$— $6,838,944 $4,378,434 $11,217,378 $— $3,828,667 $4,062,425 $7,891,092 Liabilities carried at fair value        CDOs:Consolidated SLST $— $— $1,016,952 $1,016,952 $— $— $811,591 $811,591 Residential loan securitizations— 2,118,581 — 2,118,581 — 1,253,332 — 1,253,332 Non-Agency RMBS re-securitization— 66,762 — 66,762 — 70,757 — 70,757 Senior unsecured notes— 257,590 — 257,590 — 60,310 — 60,310 Derivative liabilities:Interest rate swaps (2) (4)— — — — — — — — Futures (2) (4)— — — — — — — — Credit default swaps (2) (4)— — — — — — — — TBAs (2)— 121 — 121 — — — — Total$— $2,443,054 $1,016,952 $3,460,006 $— $1,384,399 $811,591 $2,195,990     

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(1)Excludes assets of disposal group held for sale (see Note 9).(2)Included in other assets or other liabilities, respectively, in the condensed consolidated balance sheets.(3)Includes interest rate caps classified as Level 2 instruments in the amount of $0.1 million as of December 31, 2024.(4)All of the Company’s interest rate swaps, credit default swaps and futures are cleared through central clearing houses. The Company exchanges variation margin for the derivative instruments based upon daily changes in fair value. Includes derivative liabilities