Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 389

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 389
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s, less non-controlling interests, if any.

30

The following tables present condensed statements of operations for non-Company-sponsored VIEs for the three and nine months ended September 30, 2025 and 2024, respectively (dollar amounts in thousands).  The following tables include net (loss) income from assets and liabilities of disposal group held for sale and intercompany balances have been eliminated for purposes of this presentation.For the Three Months Ended September 30,20252024Consolidated SLSTConsolidated Real EstateTotalConsolidated SLSTConsolidated Real EstateTotalInterest income$14,306 $— $14,306 $11,002 $— $11,002 Interest expense11,199 — 11,199 7,375 — 7,375 Total net interest income3,107 — 3,107 3,627 — 3,627 Income from real estate— 17,123 17,123 — 29,096 29,096 Expenses related to real estate— 19,943 19,943 — 36,024 36,024 Total net loss from real estate— (2,820)(2,820)— (6,928)(6,928)Unrealized gains, net2,440 — 2,440 6,753 — 6,753 Gains (losses) on derivative instruments, net— 8 8 — (179)(179)Impairment of real estate— — — — (8,402)(8,402)Other income— 138 138 — 16,266 16,266 Total other income (loss)2,440 146 2,586 6,753 7,685 14,438 Net income (loss)5,547 (2,674)2,873 10,380 757 11,137 Net loss attributable to non-controlling interest in Consolidated VIEs— 5,035 5,035 — 2,383 2,383 Net income attributable to Company$5,547 $2,361 $7,908 $10,380 $3,140 $13,520 For the Nine Months Ended September 30,20252024Consolidated SLSTConsolidated Real EstateTotal