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

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

Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2017

March 6, 2018 4:10 PM EST

Fourth Quarter Highlights

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... More