Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 308

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 308
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Notional AmountWeighted Average Fixed Interest RateWeighted Average Variable Interest Rate2025$1,377,250 4.53 %4.89 %2026159,120 4.10 %4.53 %2027622,123 3.98 %4.75 %2028510,325 3.90 %4.93 %2029614,585 3.86 %4.71 %2033319,590 4.00 %4.83 %2034178,224 3.86 %4.83 %2044300,000 3.34 %4.80 %Total$4,081,217 4.09 %4.82 %

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The following tables present information about our interest rate swaps whereby we receive fixed rate payments in exchange for floating rate payments as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025Swap MaturitiesNotional AmountWeighted Average Fixed Interest RateWeighted Average Variable Interest Rate2028$9,550 3.48 %4.98 %203343,500 3.64 %4.84 %Total$53,050 3.61 %4.87 %December 31, 2024Swap MaturitiesNotional AmountWeighted Average Fixed Interest RateWeighted Average Variable Interest Rate2028$9,550 3.48 %5.15 %203343,500 3.64 %5.01 %Total$53,050 3.61 %5.04 %

Certain of the Company’s derivative contracts are subject to International Swaps and Derivatives Association Master Agreements or other similar agreements which may contain provisions that grant counterparties certain rights with respect to the applicable agreement upon the occurrence of certain events, including a decline in the Company's stockholders’ equity (as defined in the respective agreements) in excess of specified thresholds or dollar amounts over set periods of time, the Company’s failure to maintain its REIT status, the Company’s failure to comply with limits on the amount of leverage and the Company’s stock being delisted from Nasdaq. 

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11.      Mortgage Servicing RightsThe Company owned MSRs as of March 31, 2025 and December 31, 2024 resulting