Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 61

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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 is included in other liabilities on the Company’s condensed consolidated balance sheets.The following table presents contractual maturity information about the Company’s outstanding repurchase agreements secured by investment securities at September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Contractual MaturitySeptember 30, 2025December 31, 2024Within 30 days$2,212,518 $2,103,332 Over 30 days to 90 days3,225,562 1,413,279 Over 90 days662,611 — Total$6,100,691 $3,516,611 

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14.      Collateralized Debt ObligationsThe Company's collateralized debt obligations, or CDOs, are accounted for as financings and are non-recourse debt to the Company. See Note 7 for further discussion regarding the collateral pledged for the Company's CDOs as well as the Company's net investments in the related securitizations.The following tables present a summary of the Company's CDOs as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):September 30, 2025Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1) (2)Stated Maturity (3)Consolidated SLST at fair value (4)$1,074,080 $1,016,952 3.36 %2059 - 2065Residential loan securitizations at fair value (4)2,148,070 2,118,581 5.34 %2029 - 2069Residential loan securitizations at amortized cost, net376,200 375,164 3.73 %2035 - 2061Non-Agency RMBS re-securitization at fair value (4)66,742 66,762 7.38 %2064Total collateralized debt obligations$3,665,092 $3,577,459 December 31, 2024Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1) (2)Stated Maturity (3)Consolidated SLST at fair value (4)$867,004 $811,591 3.49 %2059 - 2064Residential loan securitizations at fair value (4