Great Ajax Corp (AJX) Tops Q2 EPS by 3c

Great Ajax Corp (NYSE: AJX) reported Q2 EPS of $0.27, $0.03 better than the analyst estimate of $0.24.

• Interest income of $23.7 million; net interest income after reversal of provision for credit losses of $15.0 million as a result of better than expected loan performance and the related impact on future repayment rates
• Net income attributable to common stockholders of $6.2 million
• Basic earnings per common share (“EPS”) of $0.27
• Book value per common share of $15.20 at June 30, 2020
• Taxable income of $(0.09) per common share
• Collected total cash of $57.8 million from loan payments, sales of real estate owned ("REO") and investments in debt securities and beneficial interests
• Raised $125.0 million, net of offering costs, in a series of private placements of preferred stock and warrants placed with institutional accredited investors
• Held $163.4 million of cash and cash equivalents at June 30, 2020; average daily cash balance for the quarter was $125.7 million
• At June 30, 2020, approximately 72.6% of our 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.

You May Also Be Interested In

• Growth isn't weak enough to truly undercut inflation pressures - BMO
• Lakeland Bancorp (LBAI) Tops Q1 EPS by 1c
• American Express (AXP) down despite beating Q1 estimates on top and bottom lines