Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 87

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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, the PSUs and RSUs awarded under the 2017 Plan were determined to be anti-dilutive and were not included in the calculation of diluted loss per common share.The following table presents the computation of basic and diluted (loss) earnings per common share for the periods indicated (dollar and share amounts in thousands, except per share amounts):For the Three Months Ended June 30,For the Six Months Ended June 30,2025202420252024Basic (Loss) Earnings per Common Share:Net income (loss) attributable to Company$8,546 $(15,589)$50,701 $(73,489)Less: Preferred Stock dividends(12,032)(10,439)(23,902)(20,878)Net (loss) income attributable to Company's common stockholders$(3,486)$(26,028)$26,799 $(94,367)Basic weighted average common shares outstanding90,324 90,989 90,453 91,053 Basic (Loss) Earnings per Common Share$(0.04)$(0.29)$0.30 $(1.04)Diluted (Loss) Earnings per Common Share:Net income (loss) attributable to Company$8,546 $(15,589)$50,701 $(73,489)Less: Preferred Stock dividends(12,032)(10,439)(23,902)(20,878)Net (loss) income attributable to Company's common stockholders$(3,486)$(26,028)$26,799 $(94,367)Weighted average common shares outstanding90,324 90,989 90,453 91,053 Net effect of assumed PSUs vested— — 589 — Net effect of assumed RSUs and DSUs vested— — 180 — Diluted weighted average common shares outstanding90,324 90,989 91,222 91,053 Diluted (Loss) Earnings per Common Share$(0.04)$(0.29)$0.29 $(1.04)

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20.      Stock Based CompensationPursuant to the 2017 Plan, as approved by the Company's stockholders, eligible employees, officers and directors of the Company and individuals who provide services to the Company are offered the opportunity to acquire the Company's common stock through equity awards under the 2017 Plan. The maximum number of shares that may be issued under the