Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 392

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 8
Chunk 392
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For the Six Months Ended June 30, 2025Residential loansResidential loansConsolidated SLSTResidential loans held in securitization trustsMulti-family loansEquity investmentsAssets of disposal group held for saleMortgage servicing rightsTotalBalance at beginning of period$632,266 $965,672 $2,243,800 $86,192 $113,492 $— $21,003 $4,062,425 Total gains/(losses) (realized/unrealized)Included in earnings6,779 27,752 36,984 5,222 2,161 — (1,554)77,344 Transfers out (1)(26,726)— (3,870)— — — — (30,596)Transfer to securitization trust, net (2)(685,096)— 685,096 — — — — — Transfer to disposal group held for sale— — — — (500)500 — — Paydowns/Distributions(120,805)(41,446)(581,878)(16,415)(23,713)— — (784,257)Sales(30,673)— (6,277)— — — — (36,950)Acquisitions (3)591,344 247,405 85,700 — — — — 924,449 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 six months ended June 30, 2025, the Company transferred, on a net basis, certain residential loans into residential loan securitizations (see Note 7 for further discussion of the Company's residential loan securitizations).(3)During the six 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 Six Months Ended June