Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 330

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 330
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losses) (realized/unrealized)Included in earnings5,857 11,743 25,378 2,991 3,589 (706)48,852 Transfers out (1)(22,506)— (659)— — — (23,165)Transfer to securitization trust, net (2)(464,214)— 464,214 — — — — Paydowns/Distributions(56,731)(18,165)(261,880)(1,961)(23,082)(361,819)Sales(2,075)— (6,277)— — — (8,352)Acquisitions352,965 — 43,880 — — 396,845 Balance at the end of period$445,562 $959,250 $2,508,456 $87,222 $93,999 $20,297 $4,114,786 (1)Transfers out of Level 3 assets represents the transfer of residential loans to real estate owned assets.(2)During the three months ended March 31, 2025, the Company transferred, on a net basis, certain residential loans into residential loan securitizations (see Note 7 for further discussion of the Company's residential loan securitizations).

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Three Months Ended March 31, 2024Residential loansResidential loansConsolidated SLSTResidential loans held in securitization trustsMulti-family loansEquity investmentsTotalBalance at beginning of period$827,535 $754,860 $1,501,908 $95,792 $147,116 $3,327,211 Total losses (realized/unrealized)Included in earnings(2,924)(138)(1,773)(2,137)(2,037)(9,009)Transfers out (1)(18,180)— (2,886)— — (21,066)Transfer to securitization trust, net (2)(370,804)— 370,804 — — — Paydowns/Distributions(62,718)(16,596)(152,806)(1,750)(7,136)(241,006)Sales(22,204)— (6,708)— — (28,912)Purchases290,024 — 15,711