Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 374

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 374
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BS, non-Agency RMBS, and U.S. Treasury securities was approximately 3.8%, 32.4%, and 1.4%, respectively. As of June 30, 2025 and December 31, 2024, the average days to maturity for repurchase agreements secured by investment securities were 36 days and 26 days, respectively, and the weighted average interest rates were 4.49% and 4.84%, respectively. The Company’s accrued interest payable on outstanding repurchase agreements secured by investment securities at June 30, 2025 and December 31, 2024 amounted to $30.6 million and $28.4 million, respectively, and is included in other liabilities on the Company’s condensed consolidated balance sheets.The following table presents contractual maturity information about the Company’s outstanding repurchase agreements secured by investment securities at June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):Contractual MaturityJune 30, 2025December 31, 2024Within 30 days$1,989,813 $2,103,332 Over 30 days to 90 days2,612,265 1,413,279 Total$4,602,078 $3,516,611 

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14.      Collateralized Debt ObligationsThe Company's collateralized debt obligations, or CDOs, are accounted for as financings and are non-recourse debt to the Company. See Note 7 for further discussion regarding the collateral pledged for the Company's CDOs as well as the Company's net investments in the related securitizations.The following tables present a summary of the Company's CDOs as of June 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):June 30, 2025Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1) (2)Stated Maturity (3)Consolidated SLST at fair value (4)$1,095,309 $1,031,897 3.35 %2059 - 2065Residential loan securitizations at fair value (4)1,543,302 1,526,481 5.73 %2029 - 2069Residential loan securitizations at amortized cost, net741,397 738,121 4.