Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 3

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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COME TAXES4,279 (23,741)41,992 (103,909)Income tax (benefit) expense(161)342 487 232 NET INCOME (LOSS)4,440 (24,083)41,505 (104,141)Net loss attributable to non-controlling interests4,106 8,494 9,196 30,652 NET INCOME (LOSS) ATTRIBUTABLE TO COMPANY8,546 (15,589)50,701 (73,489)Preferred stock dividends(12,032)(10,439)(23,902)(20,878)NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$(3,486)$(26,028)$26,799 $(94,367)Basic (loss) earnings per common share$(0.04)$(0.29)$0.30 $(1.04)Diluted (loss) earnings per common share$(0.04)$(0.29)$0.29 $(1.04)Weighted average shares outstanding-basic90,324 90,989 90,453 91,053 Weighted average shares outstanding-diluted90,324 90,989 91,222 91,053 

The accompanying notes are an integral part of the condensed consolidated financial statements.5

NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME

(Dollar amounts in thousands)

(unaudited)

For the Three Months EndedJune 30,For the Six Months EndedJune 30,2025202420252024NET (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$(3,486)$(26,028)$26,799 $(94,367)OTHER COMPREHENSIVE INCOME    Reclassification adjustment for net loss included in net loss— — — 4 TOTAL OTHER COMPREHENSIVE INCOME— — — 4 COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLDERS$(3,486)$(26,028)$26,799 $(94,363)

The accompanying notes are an integral part of the condensed consolidated financial statements.6

NEW YORK MORTGAGE TRUST, INC. AND SUBS