Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 372

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 372
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2025 and December 31, 2024, respectively (dollar amounts in thousands): September 30, 2025December 31, 2024Amortized CostUnrealizedFair ValueAmortized CostUnrealizedFair Value GainsLossesGainsLossesAgency RMBSFixed rateFannie Mae$3,505,119 $54,745 $(752)$3,559,112 $1,483,619 $7,819 $(7,991)$1,483,447 Freddie Mac2,804,052 39,785 (380)2,843,457 1,465,419 3,914 (13,720)1,455,613 Total Fixed rate6,309,171 94,530 (1,132)6,402,569 2,949,038 11,733 (21,711)2,939,060 Adjustable rateFannie Mae88,317 2,981 — 91,298 97,267 265 (631)96,901 Freddie Mac30,875 815 — 31,690 32,852 20 (191)32,681 Total Adjustable rate119,192 3,796 — 122,988 130,119 285 (822)129,582 Interest-onlyGinnie Mae110,459 1,401 (12,944)98,916 78,627 843 (16,092)63,378 Freddie Mac4,461 — (931)3,530 5,251 — (459)4,792 Total Interest-only114,920 1,401 (13,875)102,446 83,878 843 (16,551)68,170 Total Agency RMBS6,543,283 99,727 (15,007)6,628,003 3,163,035 12,861 (39,084)3,136,812 Non-Agency RMBS24,085 6,405 (2,316)28,174 66,203 6,098 (2,614)69,687 U.S. Treasury securities180,868 2,520 (850)182,538 657,659 — (35,614)622,045