Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 5

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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2024$906 $535,445 $2,280,664 $(1,385,105)$— $1,431,910 $9,753 $1,441,663 Net income (loss) ($(565) allocated to redeemable non-controlling interest)— — — 42,849 — 42,849 (1,818)41,031 Stock based compensation expense, net— — 2,435 — — 2,435 — 2,435 Dividends declared on common stock— — — (18,116)— (18,116)— (18,116)Dividends declared on preferred stock— — — (10,439)— (10,439)— (10,439)Dividends attributable to dividend equivalents— — — (262)— (262)— (262)Decrease in non-controlling interest related to de-consolidation of VIEs— — — — — — (24)(24)Decrease in non-controlling interest related to distributions from Consolidated VIEs— — — — — — (1,922)(1,922)Adjustment of redeemable non-controlling interest to estimated redemption value— — (4,230)— — (4,230)— (4,230)Balance, September 30, 2024$906 $535,445 $2,278,869 $(1,371,073)$— $1,444,147 $5,989 $1,450,136 

The accompanying notes are an integral part of the condensed consolidated financial statements.7

ADAMAS TRUST, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(Dollar amounts in thousands)

(unaudited)For the Nine Months EndedCommonStockPreferredStockAdditionalPaid-InCapitalAccumulated DeficitAccumulatedOtherComprehensiveLossTotal Company's Stockholders' EquityNon-Controlling Interest in Consolidated VIEsTotalBalance, December 31, 2024$906 $535,445 $2,289,044 $(1,430,675)$— $1,394,720 $4,055 $1,