Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 134

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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arning Assets (1) (5)6.46 %11.86 %4.59 %6.48 %Average Financing Cost (1) (6)(4.86)%— (6.59)%(4.98)%Net Interest Spread (1) (7)1.60 %11.86 %(2.00)%1.50 %

Three Months Ended June 30, 2024

 Single-Family (8)Multi-FamilyCorporate/OtherTotalAdjusted Interest Income (1) (2)$81,315 $2,708 $— $84,023 Adjusted Interest Expense (1)(53,051)— (3,638)(56,689)Adjusted Net Interest Income (Loss) (1)$28,264 $2,708 $(3,638)$27,334 Average Interest Earning Assets (3)$5,103,593 $96,373 $1,000 $5,200,966 Average Interest Bearing Liabilities (4)$4,226,917 $— $220,697 $4,447,614 Yield on Average Interest Earning Assets (1) (5)6.37 %11.30 %— 6.46 %Average Financing Cost (1) (6)(5.05)%— (6.63)%(5.13)%Net Interest Spread (1) (7)1.32 %11.30 %(6.63)%1.33 %

107

Six Months Ended June 30, 2025

 Single-Family (8)Multi-FamilyCorporate/OtherTotalAdjusted Interest Income (1) (2)$244,792 $4,808 $5,650 $255,250 Adjusted Interest Expense (1)(160,945)— (17,987)(178,932)Adjusted Net Interest Income (Loss) (1)$83,847 $4,808 $(12,337)$76,318 Average Interest Earning Assets (3)$7,529,482 $80,344 $272,616 $7,882,442 Average Interest Bearing Liabilities (4)$6,523,103 $— $608,026 $7,131,129 Yield on Average Interest Earning Assets (1) (5)6.50 %11.97 %4