Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 146

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 146
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 Three Months Ended September 30, 2025Investment PortfolioConstructiveCorporate/OtherTotalTotal net interest income (loss)$45,023 $124 $(8,561)$36,586 Total net loss from real estate(3,878)— — (3,878)Total other income (loss)41,720 12,162 (5,278)48,604 Total general, administrative and operating expenses10,809 16,062 14,954 41,825 Income (loss) from operations before income taxes72,056 (3,776)(28,793)39,487 Income tax expense (benefit)12 — (310)(298)Net income (loss)72,044 (3,776)(28,483)39,785 Net loss attributable to non-controlling interests5,035 — — 5,035 Net income (loss) attributable to Company77,079 (3,776)(28,483)44,820 Preferred stock dividends— — (12,118)(12,118)Net income (loss) attributable to Company's common stockholders$77,079 $(3,776)$(40,601)$32,702 

For the Nine Months Ended September 30, 2025Investment PortfolioConstructiveCorporate/OtherTotalTotal net interest income (loss)$125,987 $124 $(19,980)$106,131 Total net loss from real estate(9,126)— — (9,126)Total other income57,302 12,162 1,828 71,292 Total general, administrative and operating expenses27,906 16,062 42,849 86,817 Income (loss) from operations before income taxes146,257 (3,776)(61,001)81,480 Income tax expense26 — 163 189 Net income (loss)146,231 (3,776)(61,164)81,291 Net loss attributable to non-controlling interests14,231 — — 14,231 Net income (loss) attributable to Company160,462 (3,776)(61,164)95,522 Preferred stock dividends— — (36,021)(36,021)Net income (loss) attributable to Company's common stockholders$160,462 $(3,776)$(