Company: ADAMM
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001273685-25-000088
Chunk: 38

Company: ADAMAS TRUST, INC.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 38
---
 to real estate— 19,943 19,943 — 36,024 36,024 Total net loss from real estate— (2,820)(2,820)— (6,928)(6,928)Unrealized gains, net2,440 — 2,440 6,753 — 6,753 Gains (losses) on derivative instruments, net— 8 8 — (179)(179)Impairment of real estate— — — — (8,402)(8,402)Other income— 138 138 — 16,266 16,266 Total other income (loss)2,440 146 2,586 6,753 7,685 14,438 Net income (loss)5,547 (2,674)2,873 10,380 757 11,137 Net loss attributable to non-controlling interest in Consolidated VIEs— 5,035 5,035 — 2,383 2,383 Net income attributable to Company$5,547 $2,361 $7,908 $10,380 $3,140 $13,520 For the Nine Months Ended September 30,20252024Consolidated SLSTConsolidated Real EstateTotalConsolidated SLSTConsolidated Real EstateTotalInterest income$36,936 $— $36,936 $28,284 $— $28,284 Interest expense26,592 — 26,592 19,928 — 19,928 Total net interest income10,344 — 10,344 8,356 — 8,356 Income from real estate— 53,999 53,999 — 97,725 97,725 Expenses related to real estate— 60,631 60,631 — 134,667 134,667 Total net loss from real estate— (6,632)(6,632)— (36,942)(36,942)Unrealized gains, net11,225 — 11,225 7,259 — 7,259 Gains on derivative instruments, net— 54 54 — 2,668 2,668 Impairment of real estate— (7,180