Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 6

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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398,775 Net income (loss) ($(11,966) allocated to redeemable non-controlling interest)— — — 95,522 — 95,522 (2,265)93,257 Preferred stock issuance, net— 5,027 — — — 5,027 — 5,027 Common stock repurchases(2)— (1,500)— — (1,502)— (1,502)Stock based compensation (benefit) expense, net(1)— 5,768 — — 5,767 — 5,767 Dividends declared on common stock— — — (56,941)— (56,941)— (56,941)Dividends declared on preferred stock— — — (36,021)— (36,021)— (36,021)Dividends attributable to dividend equivalents— — — (1,687)— (1,687)— (1,687)Contributions of non-controlling interest in Consolidated VIEs— — — — — — 1,028 1,028 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (2,530)(2,530)Adjustment of redeemable non-controlling interest to estimated redemption value— — (14,108)— — (14,108)— (14,108)Balance, September 30, 2025$903 $540,472 $2,279,204 $(1,429,802)$— $1,390,777 $288 $1,391,065 

The accompanying notes are an integral part of the condensed consolidated financial statements.8

Balance, December 31, 2023$907 $535,445 $2,297,081 $(1,253,817)$(4)$1,579,612 $20,453 $1,600,065 Net loss ($(19,543) allocated to redeemable non-controlling interest)— — — (30,640)— (30,640)(13,491)(44,131)Common stock repurchases(6)— (3,487)— — (3,493)— (3