Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 246

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 246
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6.33 %Average Financing Cost (1) (6)(4.14)%(5.66)%— (7.14)%(4.83)%Net Interest Spread (1) (7)1.72 %1.46 %11.96 %(2.45)%1.50 %

Three Months Ended September 30, 2024

 AgencySingle-Family Credit (8)Multi-Family CreditCorporate/OtherTotalAdjusted Interest Income (1) (2)$43,260 $53,976 $2,699 $1,051 $100,986 Adjusted Interest Expense (1)(27,574)(39,721)— (5,001)(72,296)Adjusted Net Interest Income (Loss) (1)$15,686 $14,255 $2,699 $(3,950)$28,690 Average Interest Earning Assets (3)$2,827,807 $3,013,637 $91,164 $103,275 $6,035,883 Average Interest Bearing Liabilities (4)$2,530,166 $2,519,000 $— $306,946 $5,356,112 Yield on Average Interest Earning Assets (1) (5)6.12 %7.16 %11.84 %4.08 %6.69 %Average Financing Cost (1) (6)(4.32)%(6.26)%— (6.46)%(5.37)%Net Interest Spread (1) (7)1.80 %0.90 %11.84 %(2.38)%1.32 %

115

Nine Months Ended September 30, 2025

 Agency Single-Family Credit (8)Multi-Family CreditCorporate/OtherTotalAdjusted Interest Income (1) (2)$211,458 $178,684 $6,931 $7,675 $404,748 Adjusted Interest Expense (1)(136,871)(122,487)— (26,321)(285,679)Adjusted Net Interest Income (Loss) (1)$74,587 $56,197 $6,931 $(18,646)$119,069 Average Interest Earning Assets (3)$4,800,319 $3,288,334 $77,238 $239,397