Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 4

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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IDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(Dollar amounts in thousands)

(unaudited)For the Three Months EndedCommonStockPreferredStockAdditionalPaid-InCapitalAccumulated DeficitAccumulatedOtherComprehensive LossTotal Company's Stockholders' EquityNon-Controlling Interest in Consolidated VIEsTotalBalance, March 31, 2025$905 $535,445 $2,284,569 $(1,418,973)$— $1,401,946 $2,984 $1,404,930 Net income (loss) ($(4,099) allocated to redeemable non-controlling interest)— — — 8,546 — 8,546 (7)8,539 Preferred stock issuance, net— 3,969 — — — 3,969 — 3,969 Common stock repurchases(2)— (1,500)— — (1,502)— (1,502)Stock based compensation expense, net— — 2,467 — — 2,467 — 2,467 Dividends declared on common stock— — — (18,063)— (18,063)— (18,063)Dividends declared on preferred stock— — — (12,032)— (12,032)— (12,032)Dividends attributable to dividend equivalents— — — (566)— (566)— (566)Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (307)(307)Adjustment of redeemable non-controlling interest to estimated redemption value— — (3,562)— — (3,562)— (3,562)Balance, June 30, 2025$903 $539,414 $2,281,974 $(1,441,088)$— $1,381,203 $2,670 $1,383,873 

Balance, March 31, 2024$912 $535,445 $2,289,452 $(1,340,553)$— $1,485,256 $13,950 $1,499,206