Company: ADAMM
Filing Date: 2025-02-21
Form Type: 10-K
Source: 0001273685-25-000028
Chunk: 254

Company: ADAMAS TRUST, INC.
Filing Date: 2025-02-21
Form: 10-K
Item: Item 7
Chunk 254
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 and the underlying trends within our portfolio of interest earning assets. In addition to the foregoing, our management team uses these measures to assess, among other things, the performance of our interest earning assets in total and by asset, possible cash flows from our interest earning assets in total and by asset, our ability to finance or borrow against the asset and the terms of such financing and the composition of our portfolio of interest earning assets, including acquisition and disposition determinations.  

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The following tables set forth certain information about our interest earning assets by category and their related adjusted interest income, adjusted interest expense, adjusted net interest income (loss), yield on average interest earning assets, average financing cost and net interest spread for the years ended December 31, 2024, 2023 and 2022, respectively (dollar amounts in thousands):  

Year Ended December 31, 2024 

 Single-Family (8)Multi-FamilyCorporate/OtherTotalAdjusted Interest Income (1) (2)$357,481 $10,755 $6,553 $374,789 Adjusted Interest Expense (1)(237,399)— (22,620)(260,019)Adjusted Net Interest Income (Loss) (1)$120,082 $10,755 $(16,067)$114,770 Average Interest Earning Assets (3)$5,484,729 $92,421 $154,196 $5,731,346 Average Interest Bearing Liabilities (4)$4,594,623 $— $400,627 $4,995,250 Yield on Average Interest Earning Assets (1) (5)6.52 %11.64 %4.25 %6.54 %Average Financing Cost (1) (6)(5.17)%— (5.65)%(5.21)%Net Interest Spread (1) (7)1.35 %11.64 %(1.40)%1.33 %

Year Ended December 31, 2023 

 Single-Family (8)Multi-FamilyCorporate/OtherTotalAdjusted Interest Income (1) (2)$220,385 $13,707 $62 $234,154 Adjusted Interest Expense (1)(142,742)— (12,799)(155,541)Adjusted Net Interest Income (Loss) (1)$77,643 $13,707 $(12,737)$78,