Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 54

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 54
---
,526 128,969 NET LOSS FROM REAL ESTATE:Rental income112,488 141,057 126,293 Other real estate income20,151 30,717 15,363 Total income from real estate132,639 171,774 141,656 Interest expense, mortgages payable on real estate60,232 90,221 56,011 Depreciation and amortization39,822 24,620 126,824 Other real estate expenses75,426 88,235 72,400 Total expenses related to real estate175,480 203,076 255,235 Total net loss from real estate(42,841)(31,302)(113,579)OTHER LOSS:Realized (losses) gains, net(29,351)(27,059)26,625 Unrealized (losses) gains, net(90,530)97,196 (347,363)Gains (losses) on derivative instruments, net95,996 (26,378)27,206 Income from equity investments16,011 17,785 15,074 Impairment of real estate(48,875)(89,548)(2,449)Loss on reclassification of disposal group(14,636)(16,163)— Other income29,149 4,736 18,738 Total other loss(42,236)(39,431)(262,169)GENERAL, ADMINISTRATIVE AND OPERATING EXPENSES:General and administrative expenses 48,672 49,565 52,440 Portfolio operating expenses30,688 23,952 40,888 Debt issuance costs12,335 — — Total general, administrative and operating expenses91,695 73,517 93,328 LOSS FROM OPERATIONS BEFORE INCOME TAXES(92,917)(77,724)(340,107)Income tax expense1,036 75 542 NET LOSS(93,953)(77,799)(340,649)Net loss attributable to non-controlling interests31,924 29,134 42,044 NET LOSS ATTRIBUTABLE TO COMPANY(62,029)(48,665)(298,605)Preferred stock dividends(41,756)(41,837)(41,972)Gain on repurchase of preferred stock— 467 — NET LOSS ATTRIBUTABLE TO COMPANY'S COMMON STOCKHOLD