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

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Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2018

November 6, 2018 4:05 PM EST

Third Quarter Highlights

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.... More