Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 39

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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 the three months ended March 31, 2025, which is included in portfolio operating expenses on the accompanying condensed consolidated statements of operations.

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12.      Other Assets and Other LiabilitiesOther AssetsThe following table presents the components of the Company's other assets as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands): March 31, 2025December 31, 2024Restricted cash (1)$97,329 $161,602 Accrued interest receivable61,270 62,075 Real estate owned50,619 47,651 Collections receivable from residential loan servicers41,360 50,294 Other receivables25,812 27,776 Mortgage servicing rights20,297 21,003 Recoverable advances on residential loans17,440 17,391 Other assets in consolidated multi-family properties12,077 16,640 Receivables from derivative counterparties8,124 11,059 Deferred tax assets5,941 10,864 Operating lease right-of-use assets5,168 5,460 Derivative assets (2)3,530 56 Other6,004 6,003   Total$354,971 $437,874 (1)Restricted cash represents cash held by third parties including initial margin for derivative contracts and cash held by the Company's securitization trusts. (2)Includes derivative assets held in Consolidated Real Estate VIEs.Other LiabilitiesThe following table presents the components of the Company's other liabilities as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025December 31, 2024Accrued interest payable$43,207 $41,015 Securities purchased but not settled38,402 — Dividends and dividend equivalents payable31,852 30,280 Unfunded commitments for residential and multi-family investments12,594 14,001 Margin payable to derivative counterparties8,610 8,137 Advanced remittances from residential loan servicers6,668 7,029 Accrued expenses6,430 11,141 Deferred revenue6,118 5,817 Accrued expenses and other liabilities in consolidated multi-family properties5,969 10,621 Operating lease