Great Ajax Corp (AJX) Misses Q4 EPS by 8c

Great Ajax Corp (NYSE: AJX) reported Q4 EPS of $0.34, $0.08 worse than the analyst estimate of $0.42.

• Purchased $219.2 million of re-performing mortgage loans (“RPL”) with an aggregate unpaid principal balance (“UPB”) of $241.3 million and underlying collateral value of $363.9 million, including $177.3 million of RPLs in a joint venture with a new third party institutional partner.
• Originated $1.7 million of small-balance commercial mortgage loans (“SBC”).
• Raised $332.4 million, net, in three separate fixed rate secured borrowings including gross proceeds of $88.9 million of secured debt consolidated on our balance sheet that is held by a joint venture partner.
• Interest income from investment portfolio of $24.4 million; net interest income of $13.0 million.
• Net income attributable to common stockholders of $6.2 million.
• Basic earnings per share (“EPS”) of $0.34.
• Taxable income of $0.11 per share.
• Book value per share of $15.45 at December 31, 2017.
• Held $53.7 million of cash and cash equivalents at December 31, 2017.

For earnings history and earnings-related data on Great Ajax Corp (AJX) click here.

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