Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 104

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 104
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199 $(384,072)$(28,598)$— $5,097 $2,826,644 Investment securitiesAgency RMBS and TBAs (5)4,558,720 503,747 (133,629)— — 11,125 4,939,963 Non-Agency RMBS63,787 1,550 (25,121)— — (849)39,367 U.S. Treasury securities24,305 116,076 — — — 54 140,435 Total investment securities available for sale and TBAs4,646,812 621,373 (158,750)— — 10,330 5,119,765 Consolidated SLST (6)148,061 12,179 (4,248)— — 4,938 160,930 Total investment securities4,794,873 633,552 (162,998)— — 15,268 5,280,695 Preferred equity investments, mezzanine loans and equity investments181,221 — (11,000)— (500)(3,282)166,439 Equity investments in consolidated multi-family properties (7)154,234 650 (464)— — 1,161 155,581 Equity investments in disposal group held for sale (3)19,906 — — — 500 (3,020)17,386 Single-family rental properties140,116 331 — (1,973)— (1,399)137,075 Mortgage servicing rights20,297 — — — — (848)19,449 Total investment portfolio$8,264,665 $914,732 $(558,534)$(30,571)$— $12,977 $8,603,269 

(1)Also includes draws funded for business purpose bridge loans and existing equity investments in consolidated multi-family properties, cost basis of new TBA positions and capitalized costs for single-family rental properties.

(2)Includes principal repayments and return of invested capital.

(3)The Company is repositioning its business through the opportunistic disposition over time of the Company's joint venture equity investments in multi-family properties and reallocation of its capital away from such assets to its targeted assets.  Accordingly, unconsolidated joint