Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 6

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 $4,055 $1,398,775 Net income (loss) ($(7,726) allocated to redeemable non-controlling interest)— — — 50,701 — 50,701 (1,470)49,231 Preferred stock issuance, net— 3,969 — — — 3,969 — 3,969 Common stock repurchases(2)— (1,500)— — (1,502)— (1,502)Stock based compensation (benefit) expense, net(1)— 3,329 — — 3,328 — 3,328 Dividends declared on common stock— — — (36,169)— (36,169)— (36,169)Dividends declared on preferred stock— — — (23,902)— (23,902)— (23,902)Dividends attributable to dividend equivalents— — — (1,043)— (1,043)— (1,043)Contributions of non-controlling interest in Consolidated VIEs— — — — — — 595 595 Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (510)(510)Adjustment of redeemable non-controlling interest to estimated redemption value— — (8,899)— — (8,899)— (8,899)Balance, June 30, 2025$903 $539,414 $2,281,974 $(1,441,088)$— $1,381,203 $2,670 $1,383,873 

The accompanying notes are an integral part of the condensed consolidated financial statements.8

Balance, December 31, 2023$907 $535,445 $2,297,081 $(1,253,817)$(4)$1,579,612 $20,453 $1,600,065 Net loss ($(18,978) allocated to redeemable non-controlling interest)— — — (73,489)— (73,489)(11,674)(85,163)Common stock repurchases(6)— (3,487)— — (3,493)—