Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 123

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 123
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970 Interest expense104,454 71,731 32,723 201,091 137,759 63,332 Net interest income36,447 19,044 17,403 69,545 36,907 32,638 Net loss from real estate(3,014)(13,106)10,092 (5,249)(29,473)24,224 Total other (loss) income(9,264)(6,080)(3,184)22,689 (63,401)86,090 General and administrative expenses11,786 11,648 138 24,201 24,703 (502)Portfolio operating expenses7,354 7,399 (45)14,560 15,141 (581)Financing transaction costs750 4,552 (3,802)6,232 8,098 (1,866)Income (loss) from operations before income taxes4,279 (23,741)28,020 41,992 (103,909)145,901 Income tax (benefit) expense(161)342 (503)487 232 255 Net loss attributable to non-controlling interests 4,106 8,494 (4,388)9,196 30,652 (21,456)Net income (loss) attributable to Company8,546 (15,589)24,135 50,701 (73,489)124,190 Preferred stock dividends (12,032)(10,439)(1,593)(23,902)(20,878)(3,024)Net (loss) income attributable to Company's common stockholders(3,486)(26,028)22,542 26,799 (94,367)121,166 Basic (loss) earnings per common share$(0.04)$(0.29)$0.25 $0.30 $(1.04)$1.34 Diluted (loss) earnings per common share$(0.04)$(0.29)$0.25 $0.29 $(1.04)$1.33 

Interest Income and Interest Expense 

Interest income increased in the three- and six-month periods primarily due to increased investments in Agency RMBS and business purpose loans. The increases in interest expense in the three- and six-month periods were due primarily to increases in