Great Ajax Corp (AJX) Tops Q4 EPS by 24c

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Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2020

March 4, 2021 4:05 PM EST

Fourth Quarter Highlights

Purchased $12.7 million re-performing mortgage loans ("RPLs"), with unpaid principal balance ("UPB") of $13.5 million and 52.3% of property value, $13.4 million of non-performing mortgage loans ("NPLs"), with UPB of $15.3 million and 50.0% of property value, and $18.0 million small-balance commercial loans ("SBCs"), with UPB of $18.4 million and 53.5% of property value, to end the quarter with $1.1 billion in net mortgage loans Interest income of $25.1 million; net interest income of $14.3 million excluding the impact of a net $7.6 million reversal of our provision for credit losses Net income attributable to common stockholders of $10.8 million Basic... More