Great Ajax Corp (AJX) Misses Q3 EPS by 7c

Great Ajax Corp (NYSE: AJX) reported Q3 EPS of $0.35, $0.07 worse than the analyst estimate of $0.42.

• Purchased $64.4 million of re-performing mortgage loans ("RPLs") and $1.4 million non-performing mortgage loans ("NPLs") with an aggregate unpaid principal balance (“UPB”) of $70.9 million and underlying collateral value of $106.1 million; and originated $4.8 million of small-balance commercial mortgage loans ("SBCs").
• Interest income of $27.4 million; net interest income of $14.1 million.
• Net income attributable to common stockholders of $6.6 million.
• Basic earnings per share (“EPS”) of $0.35.
• Taxable income of $0.35 per share.
• Book value per share of $15.61 at September 30, 2018.
• Collected $55.8 million of cash from our portfolio and held $59.8 million of cash and cash equivalents at September 30, 2018.

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

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