Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 53

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 16
Chunk 53
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386,024 Other liabilities 147,612 118,016 Total liabilities (1)7,806,148 5,773,202 Commitments and Contingencies (See Note 16)Redeemable Non-Controlling Interest in Consolidated Variable Interest Entities12,359 28,061 Stockholders' Equity:Preferred stock, par value $0.01 per share, 31,500,000 shares authorized, 22,164,414 shares issued and outstanding ($554,110 aggregate liquidation preference) 535,445 535,445 Common stock, par value $0.01 per share, 200,000,000 shares authorized, 90,574,996 and 90,675,403 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively906 907 Additional paid-in capital2,289,044 2,297,081 Accumulated other comprehensive loss— (4)Accumulated deficit(1,430,675)(1,253,817)Company's stockholders' equity1,394,720 1,579,612 Non-controlling interests4,055 20,453 Total equity1,398,775 1,600,065 Total Liabilities and Equity$9,217,282 $7,401,328 

(1)Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities (“VIEs”) as the Company is the primary beneficiary of these VIEs. As of December 31, 2024 and December 31, 2023, assets of consolidated VIEs totaled $3,988,584 and $3,816,777, respectively, and the liabilities of consolidated VIEs totaled $3,477,211 and $3,076,818, respectively. See Note 7 for further discussion. 

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

F-5

NEW YORK MORTGAGE TRUST, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands, except per share data)

For the Years Ended December 31,202420232022NET INTEREST INCOME:Interest income$401,280 $258,660 $258,388 Interest expense317,425 192,134 129,419 Total net interest income83,855 66