Company: ADAMM
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001273685-25-000047
Chunk: 315

Company: ADAMAS TRUST, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Part I, Item 8
Chunk 315
---
 30 days$1,707,863 $2,103,332 Over 30 days to 90 days2,420,759 1,413,279 Total$4,128,622 $3,516,611 

42

14.      Collateralized Debt ObligationsThe Company's collateralized debt obligations, or CDOs, are accounted for as financings and are non-recourse debt to the Company. See Note 7 for further discussion regarding the collateral pledged for the Company's CDOs as well as the Company's net investments in the related securitizations.The following tables present a summary of the Company's CDOs as of March 31, 2025 and December 31, 2024, respectively (dollar amounts in thousands):March 31, 2025Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1) (2)Stated Maturity (3)Consolidated SLST at fair value (4)$852,049 $805,273 3.40 %2059 - 2064Residential loan securitizations at fair value (4)1,578,586 1,554,353 5.73 %2029 - 2069Residential loan securitizations at amortized cost, net763,188 757,673 4.38 %2035 - 2062Non-Agency RMBS re-securitization at fair value (4)69,506 69,515 7.38 %2064Total collateralized debt obligations$3,263,329 $3,186,814 December 31, 2024Outstanding Face AmountCarrying ValueWeighted Average Interest Rate (1) (2)Stated Maturity (3)Consolidated SLST at fair value (4)$867,004 $811,591 3.49 %2059 - 2064Residential loan securitizations at fair value (4)1,281,896 1,253,332 5.72 %2029 - 2069Residential loan securitizations at amortized cost, net850,547 842,764 4.35 %2027 - 2062Non-Agency RMBS re-securitization at fair value (4)70,867 70,757 7.38 %2064Total collateralized