Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 307

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 307
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 Options— 2,690 (211)(509)Interest rate swaps26,336 (73,938)5,230 43,709 Credit default swaps(1,000)1,246 (1,011)(995)U.S. Treasury futures(860)(1,261)169 23 Total$24,476 $(71,278)$4,177 $45,034 (1)Includes interest rate caps held by certain Consolidated Real Estate VIEs included in other assets in disposal group held for sale (see Note 9).The following tables present information about an interest rate cap contract related to a variable-rate mortgage payable on real estate that is not included in disposal group held for sale as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025Financing TypeSOFR Strike PriceNotional AmountExpiration DateMortgage payable on real estate3.22%45,142 January 1, 2026December 31, 2024Financing TypeSOFR Strike PriceNotional AmountExpiration DateMortgage payable on real estate3.22%45,142 January 1, 2025

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The following tables present information about our interest rate swaps whereby we receive floating rate payments in exchange for fixed rate payments as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025Swap MaturitiesNotional AmountWeighted Average Fixed Interest RateWeighted Average Variable Interest Rate2025$1,321,550 4.54 %4.71 %202630,660 4.37 %4.43 %2027672,503 3.98 %4.52 %2028923,857 3.96 %4.55 %2029270,275 3.91 %4.55 %2030554,947 3.98 %4.34 %2033199,590 3.73 %4.67 %2034178,224 3.86 %4.55 %2035289,720 4.01 %4.34 %Total$4,441,326 4.13 %4.56 %December 31, 2024Swap Maturities