Company: ADAMM
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001273685-25-000072
Chunk: 195

Company: ADAMAS TRUST, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Part I, Item 2
Chunk 195
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 amounts in thousands):

March 31, 2025Acquisitions (1)Repayments (2)SalesTransfers to Disposal Group Held for Sale (3)Fair Value Changes and Other (4)June 30, 2025Residential loans$2,954,018 $280,199 $(384,072)$(28,598)$— $5,097 $2,826,644 Investment securitiesAgency RMBS and TBAs (5)4,558,720 503,747 (133,629)— — 11,125 4,939,963 Non-Agency RMBS63,787 1,550 (25,121)— — (849)39,367 U.S. Treasury securities24,305 116,076 — — — 54 140,435 Total investment securities available for sale and TBAs4,646,812 621,373 (158,750)— — 10,330 5,119,765 Consolidated SLST (6)148,061 12,179 (4,248)— — 4,938 160,930 Total investment securities4,794,873 633,552 (162,998)— — 15,268 5,280,695 Preferred equity investments, mezzanine loans and equity investments181,221 — (11,000)— (500)(3,282)166,439 Equity investments in consolidated multi-family properties (7)154,234 650 (464)— — 1,161 155,581 Equity investments in disposal group held for sale (3)19,906 — — — 500 (3,020)17,386 Single-family rental properties140,116 331 — (1,973)— (1,399)137,075 Mortgage servicing rights20,297 — — — — (848)19,449 Total investment portfolio$8,264,665 $914,732 $(558,534)$(30,571)$— $12,977 $8,603,269 

(1)Also includes draws funded for business purpose bridge loans and existing equity investments in consolidated multi-family properties, cost basis of new TBA positions and capitalized costs for single-family rental properties.

(2)Includes