Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 20

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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. The Company also recognized $0.2 million and $0.1 million of net realized losses on the sale of residential loans, at fair value during the three and six months ended June 30, 2025, respectively. The Company recognized $0.2 million and $3.2 million of net realized losses on the sale of residential loans, at fair value during the three and six months ended June 30, 2024, respectively. The geographic concentrations of credit risk exceeding 5% of the unpaid principal balance of residential loans, at fair value as of June 30, 2025 and December 31, 2024, respectively, are as follows:June 30, 2025December 31, 2024Residential loansConsolidated SLSTResidential loans held in securitization trustsResidential loansConsolidated SLSTResidential loans held in securitization trustsCalifornia17.0 %11.1 %17.4 %23.0 %11.7 %20.2 %Florida12.1 %8.8 %12.0 %10.4 %9.1 %12.2 %New York10.7 %10.6 %6.6 %6.6 %10.8 %6.6 %Texas6.7 %4.4 %7.1 %6.2 %4.4 %7.9 %New Jersey6.2 %6.3 %5.7 %8.0 %6.8 %5.2 %Pennsylvania5.6 %3.8 %4.8 %5.1 %3.9 %3.8 %Ohio5.1 %3.4 %2.7 %3.6 %1.6 %2.0 %Illinois2.5 %7.4 %3.2 %2.2 %6.3 %3.1 %The following table presents the fair value and aggregate unpaid principal balance of the Company's residential loans and residential loans held in securitization trusts in non-accrual status as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Greater than 90 days past dueLess than 90