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Great Ajax Corp. (AJX) reported a net income of $7.4 million for Q4 2021, down from $9.3 million in Q3 2021. Basic EPS stood at $0.32, with a book value of $15.92 per share. Interest income reached $23.2 million, while net interest income was $14.2 million. The firm acquired $148.8 million in re-performing mortgage loans and ended Q4 with $1.1 billion in net mortgage loans. Cash collections totaled $86.6 million, and the company declared a special cash dividend of $0.10 per share, paid on January 25, 2022.
Great Ajax Corp. (NYSE: AJX), a Maryland-based real estate investment trust, plans to release its financial results for Q4 and the year ending December 31, 2021, on March 3, 2022, at approximately 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET to discuss the results, with a webcast available on its website. Great Ajax focuses on acquiring and managing mortgage loans secured by single-family residences and other properties, and it is externally managed by Thetis Asset Management LLC.
Great Ajax Corp. (NYSE: AJX) announced a special cash dividend of
Great Ajax Corp. (NYSE: AJX) reported a net income of $9.3 million for Q3 2021, down from $10.4 million in Q2. The net interest income increased to $14.4 million, attributed to lower interest expenses. The book value per share rose to $16.00. The company purchased $87.5 million in non-performing loans (NPLs) during the quarter. Cash collections totaled $82.8 million, with $92.8 million in cash at quarter's end. A joint venture was formed, acquiring $517.7 million in unpaid principal balance mortgage loans, enhancing its investment portfolio.
Great Ajax Corp. (NYSE: AJX) is set to release its third-quarter 2021 financial results on November 4, 2021, 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. Investors can access a live webcast on Great Ajax's website. The company primarily focuses on acquiring and managing mortgage loans secured by single-family residences and also invests in multi-family and mixed-use properties. The firm is managed by Thetis Asset Management LLC.
Great Ajax Corp. (AJX) reported a consolidated net income of $11.2 million for Q2 2021, up from $10.6 million in Q1 2021, primarily due to lower interest expenses. Total revenue remained stable at $19.8 million, with net interest income at $14.2 million. The company ended the quarter with cash and cash equivalents of $88.1 million and a book value of $15.86 per share. However, there was a decline in book value compared to the previous quarter due to convertible debt dilution. The firm continues to focus on residential RPLs and has recently acquired multiple loan portfolios.
Great Ajax Corp. (NYSE: AJX) plans to release its financial results for the second quarter of 2021 on August 5, 2021, at approximately 4:05 p.m. ET. Following this, a conference call will be hosted at 5:00 p.m. ET the same day to discuss the results. The call will be accessible via a live webcast on the company's website, where a replay will also be available for 90 days. Great Ajax focuses on acquiring and managing mortgage loans and real estate assets, primarily secured by single-family residences.
Great Ajax Corp. (AJX) reported its Q1 2021 results, highlighting a consolidated net income of $10.6 million and a decline from $14.4 million in Q4 2020. Loan interest income slightly increased to $18.2 million, while total revenue decreased to $19.8 million. The average carrying value of RPLs was $1.0 billion, with cash collections totaling $70.2 million. The company continued its focus on RPLs and announced acquisitions of additional loans. A cash dividend of $0.19 per share is scheduled for May 31, 2021. A conference call is set for May 6, 2021.
Great Ajax Corp. (NYSE: AJX) will announce its financial results for the first quarter of 2021 on May 6, 2021, at approximately 4:05 p.m. ET. A conference call to discuss these results will follow at 5:00 p.m. ET, with a live webcast available on the company’s website. Great Ajax focuses on acquiring and managing mortgage loans primarily secured by single-family residences, among other investments. The company is externally managed by Thetis Asset Management LLC.
Great Ajax Corp. (NYSE: AJX) reported strong results for Q4 2020, with consolidated net income reaching $14.4 million, up from $8.9 million in Q3 2020. The increase was driven by a $1.2 million rise in gross interest income and a $0.9 million decrease in interest expenses. The company recovered $7.6 million from credit losses, contributing to a net interest income of $14.3 million. Additionally, the book value per share rose to $15.59, supported by strong cash collections totaling $63.7 million. Looking ahead, the firm expects a further decline in its cost of funds.
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