Great Ajax Corp (AJX) Tops Q4 EPS by 24c

Great Ajax Corp (NYSE: AJX) reported Q4 EPS of $0.47, $0.24 better than the analyst estimate of $0.23.

• Purchased $12.7 million re-performing mortgage loans ("RPLs"), with unpaid principal balance ("UPB") of $13.5 million and 52.3% of property value, $13.4 million of non-performing mortgage loans ("NPLs"), with UPB of $15.3 million and 50.0% of property value, and $18.0 million small-balance commercial loans ("SBCs"), with UPB of $18.4 million and 53.5% of property value, to end the quarter with $1.1 billion in net mortgage loans
• Interest income of $25.1 million; net interest income of $14.3 million excluding the impact of a net $7.6 million reversal of our provision for credit losses
• Net income attributable to common stockholders of $10.8 million
• Basic earnings per common share (“EPS”) of $0.47
• Book value per common share of $15.59 at December 31, 2020
• Taxable income of $0.47 per common share
• Collected total cash of $63.7 million from loan payments, sales of real estate owned ("REO") and investments in debt securities and beneficial interests
• Held $107.1 million of cash and cash equivalents at December 31, 2020; average daily cash balance for the quarter was $128.7 million
• At December 31, 2020, approximately 71.9% of portfolio based on current UPB made at least 12 out of the last 12 payments

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

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