Great Ajax Corp (AJX) Misses Q4 EPS by 7c

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Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2019

March 3, 2020 4:05 PM EST

Fourth Quarter Highlights

Formed joint ventures that acquired $309.1 million in unpaid principal balance (UPB) of mortgage loans with collateral values of $528.9 million and retained $60.3 million of varying classes of related securities issued by the joint ventures in December 2019 Purchased $6.2 million of re-performing mortgage loans ("RPLs") and $5.7 million of non-performing mortgage loans ("NPLs") with UPB of $6.9 million and $6.7 million, respectively, and underlying collateral values of $10.2 million and $9.2 million, respectively; and originated $0.6 million of small-balance commercial mortgage loans ("SBCs") Interest income of $27.1 million; net interest income after provision for loan losses of $12.7... More