Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 52

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 the three and nine months ended September 30, 2025 and 2024, respectively (dollar amounts in thousands):For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Type of Derivative InstrumentRealized Gains (Losses)Unrealized Gains (Losses)Realized Gains (Losses)Unrealized Gains (Losses)Realized Gains (Losses)Unrealized Gains (Losses)Realized Gains (Losses)Unrealized Gains (Losses)Interest rate caps (1)$— $9 $— $(209)$— $54 $— $3,044 Options(517)(408)(772)(7)2,125 (408)(2,261)— IRLCs— (1,940)— — — (1,940)— — TBAs484 (226)— — 480 (121)— — Interest rate swaps1,804 (5,868)(835)(55,611)33,219 (106,470)16,591 (7,760)Credit default swaps(1,240)210 (1,022)(720)(3,454)(542)(3,056)(1,023)Futures(10,145)4,831 (1,729)265 (8,213)(1,504)(1,493)— Total$(9,614)$(3,392)$(4,358)$(56,282)$24,157 $(110,931)$9,781 $(5,739)(1)Includes interest rate caps held by certain Consolidated Real Estate VIEs included in other assets in disposal group held for sale (see Note 9).The following tables present information about an interest rate cap contract related to a variable-rate mortgage payable on real estate that is not included in disposal group held for sale as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):September 30, 2025Financing TypeSOFR Strike PriceNotional AmountExpiration DateMortgage payable on real estate3.22%45,142 January 1, 2026December 31, 2024Financing TypeSOFR Strike PriceNotional AmountExpiration DateMortgage payable on real estate3.