Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 44

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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5 and December 31, 2024, the average days to maturity for repurchase agreements secured by investment securities were 35 days and 26 days, respectively, and the weighted average interest rates were 4.49% and 4.84%, respectively. The Company’s accrued interest payable on outstanding repurchase agreements secured by investment securities at March 31, 2025 and December 31, 2024 amounted to $28.2 million and $28.4 million, respectively, and is included in other liabilities on the Company’s condensed consolidated balance sheets.The following table presents contractual maturity information about the Company’s outstanding repurchase agreements secured by investment securities at March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Contractual MaturityMarch 31, 2025December 31, 2024Within 30 days$1,707,863 $2,103,332 Over 30 days to 90 days2,420,759 1,413,279 Total$4,128,622 $3,516,611 

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14.      Collateralized Debt ObligationsThe Company's collateralized debt obligations, or CDOs, are accounted for as financings and are non-recourse debt to the Company. See Note 7 for further discussion regarding the collateral pledged for the Company's CDOs as well as the Company's net investments in the related securitizations.The following tables present a summary of the Company's CDOs as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1) (2)Stated Maturity (3)Consolidated SLST at fair value (4)$852,049 $805,273 3.40 %2059 - 2064Residential loan securitizations at fair value (4)1,578,586 1,554,353 5.73 %2029 - 2069Residential loan securitizations at amortized cost, net763,188 757,673 4.38 %2035 - 2062Non-Agency RMBS re-securitization at fair value (4)69,506 69,515 7.38 %2064Total collateralized debt obligations$