Great Ajax Corp (AJX) Misses Q1 EPS by 7c

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Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2015

May 4, 2015 4:01 PM EDT

Highlights

Acquired mortgage-related assets with aggregate UPB of $102.2 million for total purchase price of $76.7 million RPLs at an average price to UPB approximately equal to 73.8% NPLs at an average price to UPB approximately equal to 65.6% REO at an average price to market value approximately equal to 64.8% At March 31, 2015, owned a portfolio of 1,828 mortgage loans with aggregate UPB of $401.7 million and 38 properties Net interest income of $5.8 million and net income attributable to common stockholders of $3.6 million... More