Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 72

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 1
Chunk 72
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)238,379 247,405 41,820 — — — — 527,604 Balance at the end of period$367,089 $1,199,383 $2,459,555 $74,999 $91,440 $500 $19,449 $4,212,415 (1)Transfers out of Level 3 assets represents the transfer of residential loans to real estate owned assets.(2)During the three months ended June 30, 2025, the Company transferred, on a net basis, certain residential loans into residential loan revolver securitizations (see Note 7 for further discussion of the Company's residential loan securitizations).(3)During the three months ended June 30, 2025, the Company purchased a first loss subordinated security issued from a securitization that it determined to consolidate as Consolidated SLST. As a result, the Company consolidated assets of the securitization (see Note 7).

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For the Three Months Ended June 30, 2024Residential loansResidential loansConsolidated SLSTResidential loans held in securitization trustsMulti-family loansEquity investmentsTotalBalance at beginning of period$640,729 $738,126 $1,724,250 $91,905 $137,943 $3,332,953 Total gains/(losses) (realized/unrealized)Included in earnings4,081 (2,551)(3,465)2,654 6,108 6,827 Transfers out (1)(22,821)— (884)— — (23,705)Transfer to securitization trust, net (2)(262,479)— 262,479 — — — Paydowns/Distributions(83,738)(15,688)(177,567)(1,562)(1,136)(279,691)Sales(3,006)— — — — (3,006)Acquisitions (3)394,452 285,057 26,216 — — 705,725 Balance at the end of period$667,218 $1,004,944 $1,831,029 $92,997 $142,915 $3,739,103 (1)Transfers out of Level 3 assets represents