Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 247

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 247
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 $8,405,288 Average Interest Bearing Liabilities (4)$4,317,105 $2,810,728 $— $547,932 $7,675,765 Yield on Average Interest Earning Assets (1) (5)5.87 %7.25 %11.96 %4.27 %6.42 %Average Financing Cost (1) (6)(4.24)%(5.83)%— (6.42)%(4.98)%Net Interest Spread (1) (7)1.63 %1.42 %11.96 %(2.15)%1.44 %

Nine Months Ended September 30, 2024

 Agency Single-Family Credit (8)Multi-Family CreditCorporate/OtherTotalAdjusted Interest Income (1) (2)$111,652 $142,324 $8,072 $1,051 $263,099 Adjusted Interest Expense (1)(67,672)(104,612)— (8,596)(180,880)Adjusted Net Interest Income (Loss) (1)$43,980 $37,712 $8,072 $(7,545)$82,219 Average Interest Earning Assets (3)$2,414,191 $2,834,435 $94,306 $34,425 $5,377,357 Average Interest Bearing Liabilities (4)$2,157,482 $2,284,165 $— $199,649 $4,641,296 Yield on Average Interest Earning Assets (1) (5)6.17 %6.69 %11.41 %4.07 %6.52 %Average Financing Cost (1) (6)(4.19)%(6.12)%— (5.75)%(5.21)%Net Interest Spread (1) (7)1.98 %0.57 %11.41 %(1.68)%1.31 %

(1)Represents a non-GAAP financial measure. 

(2)Includes interest income earned on cash accounts held by the Company.

(3)Average Interest Earning Assets for the respective periods include residential loans, residential loans held for sale, multi-family loans, investment securities and cost basis of outstanding TBAs and exclude all Consolidated SLST assets other