Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 34

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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752 Total net interest income3,461 — 3,461 2,402 — 2,402 Income from real estate— 18,390 18,390 — 33,535 33,535 Expenses related to real estate— 20,661 20,661 — 46,882 46,882 Total net loss from real estate— (2,271)(2,271)— (13,347)(13,347)Unrealized gains, net5,521 — 5,521 542 — 542 Gains on derivative instruments, net— 60 60 — 329 329 Impairment of real estate— (3,615)(3,615)— (3,557)(3,557)Other income— 1 1 — 4 4 Total other income (loss)5,521 (3,554)1,967 542 (3,224)(2,682)Net income (loss)8,982 (5,825)3,157 2,944 (16,571)(13,627)Net loss attributable to non-controlling interest in Consolidated VIEs— 4,106 4,106 — 8,494 8,494 Net income (loss) attributable to Company$8,982 $(1,719)$7,263 $2,944 $(8,077)$(5,133)For the Six Months Ended June 30,20252024Consolidated SLSTConsolidated Real EstateTotalConsolidated SLSTConsolidated Real EstateTotalInterest income$22,630 $— $22,630 $17,281 $— $17,281 Interest expense15,393 — 15,393 12,553 — 12,553 Total net interest income7,237 — 7,237 4,728 — 4,728 Income from real estate— 36,876 36,876 — 68,628 68,628 Expenses related to real estate— 40,688 40,688 — 98,643 98,643 Total net loss from real estate— (3,812)(3,812)— (30,015)(30,015)Unrealized gains, net8,785