Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 51

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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727 Notional Amount For the Three Months Ended September 30, 2024Type of Derivative InstrumentJune 30, 2024AdditionsTerminationsSeptember 30, 2024Interest rate caps$263,142 $— $— $263,142 Options80 — (80)— Interest rate swaps2,972,030 881,235 (550,952)3,302,313 Credit default swaps400,000 — — 400,000 Futures67,000 — (67,000)— Notional Amount For the Nine Months Ended September 30, 2025Type of Derivative InstrumentDecember 31, 2024AdditionsTerminations/Pair-OffsSeptember 30, 2025Interest rate caps$45,142 $45,142 $(45,142)$45,142 Options— 601 (437)164 TBAs— 150,000 (120,000)30,000 Interest rate swaps4,134,267 3,373,016 (2,727,475)4,779,808 Credit default swaps400,000 75,000 — 475,000 Futures406,100 1,521,127 (1,301,500)625,727 Notional Amount For the Nine Months Ended September 30, 2024Type of Derivative InstrumentDecember 31, 2023Additions/Transfers In (1)Terminations/Transfers Out (1)September 30, 2024Interest rate caps$550,025 $177,044 $(463,927)$263,142 Options— 382 (382)— Interest rate swaps2,778,015 1,974,659 (1,450,361)3,302,313 Credit default swaps— 400,000 — 400,000 Futures— 498,950 (498,950)— (1)Includes transfers from or transfers to disposal group held for sale with respect to interest rate caps held in certain Consolidated Real Estate VIEs (see Note 9).

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The following table presents the components of realized gains (losses), net and unrealized gains (losses), net related to derivative instruments, which are included in (losses) gains on derivative instruments, net in the condensed consolidated statements of operations for