ADAMAS TRUST, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
ASSETS
Current assets:
Cash and Cash Equivalents, at Carrying Value $83.6m $95.2m $103.7m $118.8m $293.2m $289.6m $244.7m $187.1m $167.4m $210.3m
Restricted Cash and Cash Equivalents $56.0m $20.3m $5.4m $2.8m $11.3m $48.3m $136.2m $143.5m $161.6m $132.0m
Goodwill $25.2m $25.2m $25.2m $25.2m $0 $0 $22.4m
Operating Lease, Right-of-Use Asset $10.1m $7.8m $6.6m $5.5m $5.2m
Additional Financial Items
Assets $9.0b $12.1b $14.7b $23.5b $4.7b $5.6b $6.2b $7.4b $9.2b $12.6b
LIABILITIES AND EQUITY
Current liabilities:
Operating Lease, Liability, Current $10.6m
Dividends Payable $50.0m $32.2m $30.3m $35.3m
Long-term Debt $240.4m $214.3m $223.6m $220.0m $1.0b $542.5m $934.1m $573.2m $735.8m
Deferred Tax Liabilities, Net $399k
Liabilities:
Liabilities $8.1b $11.1b $13.6b $21.3b $2.3b $3.2b $4.4b $5.8b $7.8b $11.2b
Stockholders’ equity:
Preferred Stock, Value, Issued $159.3m $289.8m $289.8m $504.8m $504.8m $538.2m $538.4m $535.4m $535.4m $540.5m
Common Stock, Value, Issued $1.1m $1.1m $1.6m $2.9m $3.8m $3.8m $3.6m $907k $906k $903k
Additional Paid in Capital $748.6m $751.2m $1.0b $1.8b $2.3b $2.4b $2.3b $2.3b $2.3b $2.3b
Retained Earnings (Accumulated Deficit) ($62.5m) ($75.7m) ($103.2m) ($148.9m) ($551.3m) ($559.3m) ($1.1b) ($1.3b) ($1.4b) ($1.4b)
Accumulated Other Comprehensive Income (Loss), Net of Tax $1.6m $5.6m ($22.1m) $25.1m $994k $1.8m ($2.0m) ($4k) $0 $0
Stockholders' Equity Attributable to Parent $848.1m $971.9m $1.2b $2.2b $2.3b $2.3b $1.8b $1.6b $1.4b $1.4b
Stockholders' Equity Attributable to Noncontrolling Interest $3.1m $4.1m $904k ($704k) $6.4m $24.4m $33.1m $20.5m $4.1m $499k
Liabilities and Equity $9.0b $12.1b $14.7b $23.5b $4.7b $5.6b $6.2b $7.4b $9.2b $12.6b

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.