Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 51

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 assets held in Consolidated Real Estate VIEs.Other LiabilitiesThe following table presents the components of the Company's other liabilities as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):June 30, 2025December 31, 2024Accrued interest payable$43,747 $41,015 Dividends and dividend equivalents payable32,452 30,280 Margin payable to derivative counterparties14,459 8,137 Unfunded commitments for residential and multi-family investments11,950 14,001 Accrued expenses11,515 11,141 Accrued expenses and other liabilities in consolidated multi-family properties8,877 10,621 Deferred revenue6,717 5,817 Advanced remittances from residential loan servicers5,898 7,029 Operating lease liabilities5,299 5,935 Deferred tax liabilities2,265 9,282 Other2,827 4,354   Total$146,006 $147,612 

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13.      Repurchase AgreementsThe following table presents the carrying value of the Company's repurchase agreements as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Repurchase Agreements Secured By:June 30, 2025December 31, 2024Investment securities$4,602,078 $3,516,611 Residential loans and real estate owned239,330 428,399 Single-family rental properties66,028 67,215 Total carrying value$4,907,436 $4,012,225 As of June 30, 2025, the Company had repurchase agreement exposure where the amount at risk was in excess of 5% of the Company's stockholders’ equity with Atlas SP at 5.41%. The amount at risk is defined as the fair value of assets pledged as collateral to the financing arrangement in excess of the financing arrangement liability.The financings under certain of our repurchase agreements are subject to margin calls to the extent the market value of the collateral subject to the repurchase agreement falls below specified levels and repurchase may be accelerated upon an event of default under the repurchase agreements. As of June 30, 2025, the Company had assets available to be posted as margin which included liquid assets, such as