Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 271

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 2
Chunk 271
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ollar amounts in thousands):

Quarter EndedQuarterly AverageBalanceEnd of QuarterBalanceMaximum Balanceat any Month-EndSeptember 30, 2025$514,353 $380,692 $614,683 June 30, 2025$310,977 $305,440 $329,477 March 31, 2025491,455 357,483 561,854 December 31, 2024386,047 496,410 496,410 September 30, 2024656,976 566,621 812,828 June 30, 2024521,269 505,542 576,119 March 31, 2024437,826 456,038 456,038 December 31, 2023559,118 611,055 611,055 September 30, 2023469,393 505,477 505,477 June 30, 2023524,264 481,947 579,475 March 31, 2023579,271 562,371 609,885 

134

Collateralized Debt Obligations

Included in our portfolio are residential loans that are pledged as collateral for CDOs issued by the Company or by Consolidated SLST. The Company had a net investment in Consolidated SLST and other residential loan securitizations of $160.2 million and $286.8 million, respectively, as of September 30, 2025. As of December 31, 2024, the Company had a net investment in Consolidated SLST and other residential loan securitizations of $149.8 million and $215.2 million, respectively.

The following tables present a summary of Consolidated SLST CDOs and CDOs issued by the Company's residential loan securitizations as of September 30, 2025 and December 31, 2024, respectively (dollar amounts in thousands):

September 30, 2025Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1)(2)Stated Maturity (3)Consolidated SLST (4)$1,074,080 $1,016,952 3.36 %2059 - 2065Residential loan securitizations at fair value (4)$2,148,070 $2,118,581 5.34