Great Ajax Corp Stock Price, News & Analysis

Great Ajax Corp. (NYSE: AJX) reported a net loss attributable to common stockholders of $(6.8) million for Q4 2022, translating to an EPS of $(0.30). Interest income stood at $18.4 million, with net interest income at $4.0 million, a notable decrease of $4.7 million from the previous quarter. The company formed a joint venture acquiring $293.6 million in mortgage loans, maintaining a book value of $13.00 per share. Cash collections totaled $44.1 million, with $47.8 million in cash and equivalents at quarter-end. The firm noted an increase in interest expenses primarily due to rising rates on financing facilities. Total revenue for Q4 was $1.375 million.

Great Ajax Corp. (NYSE: AJX) will announce its fourth quarter and 2022 year-end financial results on March 2, 2023, at approximately 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET to discuss these results. Stakeholders can listen via a live webcast on the company's website, with an archived replay available for 90 days.

Great Ajax specializes in acquiring, managing, and investing in mortgage loans secured by single-family residences. The company is managed externally by Thetis Asset Management LLC and has elected to be taxed as a real estate investment trust.

Great Ajax Corp. (NYSE: AJX) reported its Q3 2022 results, revealing a net loss of $(16.2) million or $(0.71) per share. Interest income reached $20.0 million, while net interest income was $8.7 million, down $3.1 million from the previous quarter. Operating income was $3.1 million, or $0.14 per share. The company repurchased $66.0 million in preferred stock and issued $110.0 million in senior unsecured notes due 2027. Book value per share fell to $13.75, and cash and equivalents stood at $72.9 million. The firm declared a dividend of $0.27 per share to be paid on November 29, 2022.

Great Ajax Corp. (NYSE: AJX) is set to release its Q3 2022 financial results on November 3, 2022, at approximately 4:05 p.m. ET. Following this, a conference call will be held at 5:00 p.m. ET to discuss the results, available for streaming on their website. The company, primarily focused on acquiring and managing mortgage loans secured by single-family residences, operates as a real estate investment trust. Forward-looking statements made in the release outline potential uncertainties affecting future results.

Great Ajax Corp. (NYSE: AJX) announced the completion of a private offering totaling $110 million in 8.875% senior unsecured notes, due September 2027. These notes, which will be guaranteed by the Company and its subsidiaries, are designed for qualified institutional buyers under Rule 144A and institutional accredited investors under Regulation D. The offering is not registered under the Securities Act, emphasizing its restricted nature. The release notes potential risks due to uncertainties, including the ongoing impacts of the COVID-19 outbreak on financial stability.

Great Ajax Corp. (NYSE: AJX) reported a net loss of $(9.2) million for Q2 2022, reflecting an EPS of $(0.40). Total revenue declined to $8.8 million, down from $14.9 million in Q1 2022, primarily due to decreased interest income of $11.7 million. The company repurchased $25 million in preferred stock, projected to save $1.7 million annually in preferred dividends. Cash collected totaled $74 million, with a book value per share of $14.98. The company has an average cash balance of $60.6 million and continues to manage a portfolio primarily focused on re-performing and non-performing loans.

Great Ajax Corp. (NYSE: AJX) has announced its financial results release date for the second quarter of 2022, set for August 4, 2022, at 4:05 p.m. ET. Following the results, a conference call will take place at 5:00 p.m. ET on the same day to discuss financial outcomes. Investors can access a live webcast on the company’s website, with a replay available for 90 days. Great Ajax focuses on acquiring and managing mortgage loans secured by single-family residences and other real estate assets, and is externally managed by Thetis Asset Management LLC.

Great Ajax Corp. (AJX) reported its first quarter financial results, showing interest income of $23.2 million and net income of $3.6 million or $0.15 per share. The company collected $85.3 million in cash from various sources and held $70.7 million in cash equivalents at quarter's end. They increased their investment in Gaea Real Estate Corp. to $25.5 million. However, net income saw a decline from $7.4 million in the previous quarter. The book value per share slightly increased to $15.95.

Great Ajax Corp. (NYSE: AJX) has announced its intention to release financial results for the first quarter of 2022 on May 5, 2022, at approximately 4:05 p.m. ET. Following the release, a conference call is scheduled for 5:00 p.m. ET that same day to discuss the results. Investors can access a live webcast on the company’s website, where an archived recording will be available for 90 days. Great Ajax specializes in acquiring and managing mortgage loans secured by single-family residences and other properties.