Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 0

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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Item 1.  Condensed Consolidated Financial Statements

The accompanying notes are an integral part of the condensed consolidated financial statements.3

Table of Contents

NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands, except share data)

June 30, 2025December 31, 2024(unaudited) ASSETS  Residential loans, at fair value$4,026,027 $3,841,738 Investment securities available for sale, at fair value5,109,601 3,828,544 Multi-family loans, at fair value74,999 86,192 Equity investments, at fair value91,440 113,492 Cash and cash equivalents160,447 167,422 Real estate, net610,661 623,407 Assets of disposal group held for sale111,500 118,613 Other assets367,657 437,874 Total Assets (1)$10,552,332 $9,217,282 LIABILITIES AND EQUITY  Liabilities:  Repurchase agreements$4,907,436 $4,012,225 Collateralized debt obligations ($2,626,479 at fair value and $738,121 at amortized cost, net as of June 30, 2025 and $2,135,680 at fair value and $842,764 at amortized cost, net as of December 31, 2024)3,364,600 2,978,444 Senior unsecured notes ($137,418 at fair value and $98,966 at amortized cost, net as of June 30, 2025 and $60,310 at fair value and $98,886 at amortized cost, net as of December 31, 2024)236,384 159,196 Subordinated debentures45,000 45,000 Mortgages payable on real estate, net 364,100 366,606 Liabilities of disposal group held for sale92,151 97,065 Other liabilities 146,006 147,612 Total liabilities (1)9,155,677 7,806,148 Commitments and Contingencies (See Note 16)Redeemable Non-Controlling Interest in Consolidated Variable Interest