Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 98

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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 proceeds from common and preferred equity and debt securities offerings, including senior unsecured notes and subordinated debentures, short-term and longer-term repurchase agreements and CDOs. A detailed discussion of our liquidity and capital resources is provided in “Liquidity and Capital Resources” elsewhere in this section.

The following tables set forth our allocated capital by investment category at March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands). 

At March 31, 2025:

 Single-FamilyMulti-FamilyCorporate/OtherTotalResidential loans$3,913,268 $— $— $3,913,268 Consolidated SLST CDOs(805,273)— — (805,273)Investment securities available for sale4,622,507 — 24,305 4,646,812 Multi-family loans— 87,222 — 87,222 Equity investments— 54,362 39,637 93,999 Equity investments in consolidated multi-family properties (1)— 154,234 — 154,234 Equity investments in disposal group held for sale (2)— 19,906 — 19,906 Single-family rental properties140,116 — — 140,116 Mortgage servicing rights20,297 — — 20,297 Total investment portfolio carrying value7,890,915 315,724 63,942 8,270,581 Liabilities:Repurchase agreements(4,461,543)— (24,173)(4,485,716)Collateralized debt obligationsResidential loan securitization CDOs(2,312,026)— — (2,312,026)Non-Agency RMBS re-securitization(69,515)— — (69,515)Senior unsecured notes— — (238,848)(238,848)Subordinated debentures— — (45,000)(45,000)Cash, cash equivalents and restricted cash (3)87,058 — 183,414 270,472 Cumulative adjustment of redeemable non-controlling interest to estimated redemption value— (46,011)— (46,011)Other96,670 (1,633)(37,028)58,009 Net Company capital allocated$1,