Great Ajax

Great Ajax is an externally managed real estate investment trust (REIT) that acquires, invests, and manages a portfolio of mortgage loans secured by single-family residences and single-family properties.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q3 2022

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Earnings data Q2 2023

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Great Ajax reports mixed Q4 results, eyes stock repurchases

Great Ajax's Q4 2022 showcased strong loan performance and cash flow, but reported negative net income. Despite challenges, the company holds significant cash reserves and sees opportunities in stock repurchases and special servicing.

Great Ajax reports solid Q1 performance, eyes growth opportunities

Great Ajax's Q1 2023 showed strong loan performance and income growth, with a focus on strategic acquisitions and low leverage. Challenges include taxable income impact from prepayments and concerns over loss severity in certain loan segments. The company is poised for growth through opportunities in commercial real estate and MSR ventures.

Great Ajax reports improved loan performance and eyes real estate opportunities

Great Ajax's Q2 performance showed improvements in loan performance and capital velocity, despite challenges in GAAP interest income and taxable income.
The company's strengths lie in low leverage, a healthy cash position, and a track record of successful loan acquisitions.
Opportunities in sub-performing commercial real estate loans and joint ventures present avenues for future growth and expansion.

Great Ajax reports Q3 challenges, strategic shifts, and growth opportunities

Great Ajax navigated Q3 2023 with a focus on managing loan performance challenges amidst economic headwinds. Despite facing some setbacks, the company maintains a strong financial position and pursues strategic opportunities for growth and value creation. Shareholders can expect a shift towards maximizing book value and exploring new avenues for expansion.

Great Ajax reports Q2 loss, eyes commercial real estate opportunities

Great Ajax faced challenges with a net loss in Q2 2024 but remains focused on commercial real estate opportunities. The company's strategy to sell assets, target specific securities, and evaluate dividends indicates a proactive approach. Despite challenges, Great Ajax sees opportunities in growing earnings and acquiring distressed assets.

Great Ajax aims for breakeven, transforms into Rithm Property Trust

Great Ajax's Q3 performance reflects a shift towards cash flowing assets and a focus on breakeven by Q1, excluding dividends.
The company's strengths lie in its strategic investments, strong cash position, and commitment to growth through asset transformation.
Challenges include legacy asset cleanup, capital deployment efficiency, and navigating financing options for future growth initiatives.
Opportunities abound in pursuing cash flowing assets, patient decision-making, and exploring diverse real estate sectors for sustained growth and profitability.

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Rithm Property Trust, Inc. is a real estate investment trust company, which engages in acquiring, investing in, and managing mortgage loans secured by single-family residences and, to a lesser extent, single-family properties themselves. It also invests in loans secured by multi-family residential and smaller commercial. The company was founded on January 30, 2014 and is headquartered in New York, NY.

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U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe. Following its worst week in two months, the S&P 500 advanced 1.7% this week - effectively erasing last week's 2% declines and extending its post-election gains to around 5%. Real estate equities - which lagged in two post-election weeks amid a rebound in interest rates - were among the leaders this week following an encouraging slate of REITworld updates.

Home For The Holidays

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, “Great Ajax” or the “Company”) today announced it will complete its previously announced name change and rebrand to Rithm Property Trust Inc. on December 2, 2024. In conjunction with the rebrand, the Company's common stock will begin trading on the New York Stock Exchange at the market open on December 3, 2024, under the Company's new name and new ticker symbol of “RPT”. This will replace the Company's current ticker symbol, “AJX.” The CUS.

Great Ajax Establishes Effective Date of Previously Announced Rebrand to Rithm Property Trust

Great Ajax Corp. (NYSE:AJX ) Q3 2024 Earnings Conference Call October 21, 2024 8:00 AM ET Company Participants Emma Bolla - Associate General Counsel, Rithm Capital Michael Nierenberg - CEO & Chairman, CEO & President, Rithm Capital Conference Call Participants Thomas Catherwood - BTIG Stephen Laws - Raymond James Operator Good day, and welcome to the Great Ajax Third Quarter 2024 Earnings Call. All participants will be in listen-only mode.

Great Ajax Corp. (AJX) Q3 2024 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, “Great Ajax” or the “Company”) today announced the following financial results for the quarter ended September 30, 2024. Third Quarter Financial Highlights: GAAP net loss attributable to common stockholders of $(8.0) million, or $(0.18) per diluted share1 Earnings Available for Distribution of $(5.4) million or $(0.12) per diluted common share1,2 Book value per common share of $5.47 at September 30, 20241 Paid a common dividend of $2.7 mil.

Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2024 and Announces Intent to Rebrand to Rithm Property Trust Inc.

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, “Great Ajax” or the “Company”) announced today that it will release its financial results for the third quarter ended September 30, 2024 on Monday, October 21, 2024 prior to the opening of the New York Stock Exchange. In conjunction with the release, Great Ajax will host a conference call at 8:00 AM ET on Monday, October 21, 2024 to review its financial results for the third quarter of 2024. The conference call may be accessed by dialing 1.

Great Ajax Corp. Schedules Its Third Quarter 2024 Earnings Release and Conference Call

Great Ajax Corp. (NYSE:AJX ) Q4 2023 Earnings Conference Call July 24, 2023 8:00 AM ET Company Participants Michael Nierenberg - Chief Executive Officer Mary Doyle - Principal Financial Officer and Principal Accounting Officer Conference Call Participants Eric Hagen - BTIG Stephen Laws - Raymond James Jason Stewart - Janney Montgomery Scott Operator Good day and welcome to the Great Ajax Second Quarter 2024 Earnings Call. All participants will be in listen-only mode.

Great Ajax Corp. (AJX) Q4 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX, "Great Ajax" or the "Company"), a Maryland corporation today announced the following financial results for the quarter ended June 30, 2024. Second Quarter Financial Highlights GAAP Net Loss attributable to common stockholders of $(12.7) million, or $(0.32) per diluted common sharei Earnings Available for Distribution of $(9.6) million or $(0.24) per diluted common sharei,ii Book value per common share of $5.56 at June 30, 2024i Common divi.

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2024

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call For Wednesday, July 24, 2024.

Great Ajax Corp. Schedules Its Second Quarter 2024 Earnings Release and Conference Call

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, today completed their previously announced transaction. As part of the transaction, Great Ajax has entered into a management agreement with an affiliate of Rithm to serve as Great Ajax's external manager. The transaction marks a significant milestone for Great Ajax, with.

Rithm Capital Corp. and Great Ajax Corp. Complete Transaction

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended March 31, 2024. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire smal.

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of 1.7405 shares of common stock per $25.00 principal amount of notes, which represents a conversion price of approximately $14.36 per share of common stock. About Great Ajax Corp. Great Ajax (NYSE: AJX) is a real estate investment trust.

Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the “Meeting”) to, among other things, consider and vote upon certain matters relating to the previously announced strategic transaction (the “Transaction”) by and between the Company and Rithm Capital Corp. (together with its subsidiaries, “Rithm”). At the Meeting, the.

Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.

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NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended December 31, 2023. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire s.

Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2023

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, announced today that they have entered into a strategic transaction. As part of the strategic transaction, Great Ajax has entered into a one-year term loan agreement with a subsidiary of Rithm for up to $70 million. Great Ajax plans to use borrowings under the term loan,.

Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction

Great Ajax Corp. 7.25 % Convertible Notes 2017-30.04.24 Global

Great Ajax Corp. (NYSE:AJX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn - Chief Executive Officer Russell Schaub - President Mary Doyle - CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen. Welcome to the Great Ajax Corporation Q3, 2023 Financial Results Conference call.

Great Ajax Corp. (AJX) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended September 30, 2023. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire.

Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2023; Provides Strategic Update

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NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces that it intends to release its financial results for the third quarter 2023 on Thursday, November 2, 2023 at approximately 4:05 p.m. ET. In conjunction with the release, Great Ajax will host a conference call at 5:00 p.m. ET on Thursday, November 2, 2023 to review its financial results for the third quarter 2023. A live webcast of this conference call will be a.

Great Ajax Corp. Schedules Its Third Quarter 2023 Financial Results Release For Thursday, November 2, 2023

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OLD GREENWICH, Conn. & NEW YORK--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("Ellington Financial"), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Great Ajax Corp. (NYSE: AJX) (“Great Ajax”), a real estate investment trust that invests primarily in residential mortgage loans, jointly announced today they have agreed to terminate the merger agreement announced on July 3, 2023, effective immediat.

Ellington Financial and Great Ajax Corp. Announce Mutual Termination of Merger Agreement

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Rates Up, REITs Down. Commercial and residential real estate markets remain an easy transmission mechanism - or "punching bag" - of the Federal Reserve's historically swift monetary tightening cycle. Higher For Longer? The business models of many private equity funds and non-traded REITs were not designed for a period of sustained 5%+ rates or double-digit declines in property values. "Hope" is the only strategy for some highly-levered property owners amid a dearth of buying interest and dwindling refinancing options. CRE transactions and capital market activity has dipped to GFC-era-lows.

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Great Ajax Corp. (NYSE:AJX ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn – Chief Executive Officer Conference Call Participants Operator Good afternoon. My name is Rob, and I will be your conference operator today.

Great Ajax Corp. (AJX) Q2 2023 Earnings Call Transcript

Great Ajax (AJX) came out with a quarterly loss of $0.11 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.25 per share a year ago.

Great Ajax (AJX) Reports Q2 Loss, Misses Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended June 30, 2023. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") and non-performing loans ("NPLs") secured by single-family residences and commercial properties. In addition to our continued focus on RPLs and NPLs, we also originate and acquire small.

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2023

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces that it intends to release its financial results for the second quarter 2023 on Thursday, August 3, 2023 at approximately 4:05 p.m. ET. In conjunction with the release, Great Ajax will host a conference call at 5:00 p.m. ET on Thursday, August 3, 2023 to review its financial results for the second quarter 2023. A live webcast of this conference call will be ava.

Great Ajax Corp. Schedules Its Second Quarter 2023 Financial Results Release For Thursday, August 3, 2023

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