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

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Great Ajax (AJX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Great Ajax (AJX) to Report a Decline in Earnings: What to Look Out for

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

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7 Cheap High-Yield Dividend Stocks to Buy Now

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), (the “Company”) today announced that one of its subsidiaries, Great Ajax Operating Partnership L.P (the “Issuer”) has closed a private offering of $110,000,000 in aggregate principal amount of 8.875% senior unsecured notes due September 2027 (the “Notes”). The Notes will be fully and unconditionally guaranteed by the Company and two of its other subsidiaries. The Notes and the guarantees have not been registered under the Securities Act o

Great Ajax Corp. Closes Offering of $110,000,000 of Senior Unsecured Notes

Great Ajax Corp. has been a public company since 2015. Since that time, the Company's track record is not impressive.

Great Ajax Corp.: A Lot To Prove, But The Senior Notes Look Alright

Great Ajax Corp. (NYSE:AJX ) Q2 2022 Earnings Conference Call August 4, 2022 5:00 PM ET Company Participants Larry Mendelsohn – Chief Executive Officer Conference Call Participants Eric Hagen – BTIG Kevin Barker – Piper Sandler Matt Howlett – B. Riley Operator Good afternoon.

Great Ajax Corp.'s (AJX) CEO Larry Mendelsohn on Q2 2022 Results - Earnings Call Transcript

Great Ajax (AJX) delivered earnings and revenue surprises of -16.67% and 15.81%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Great Ajax (AJX) Q2 Earnings and Revenues Miss Estimates

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces its results of operations for the quarter ended June 30, 2022. 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-ba

Great Ajax Corp. Announces Results for the Quarter Ended June 30, 2022

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 2022 on Thursday, August 4, 2022 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 4, 2022 to review its financial results for the second quarter 2022. A live webcast of this conference call will be ava

Great Ajax Corp. Schedules Its Second Quarter 2022 Financial Results Release For Thursday, August 4, 2022

Great Ajax (AJX) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Great Ajax (AJX) Expected to Beat Earnings Estimates: Should You Buy?

Great Ajax (AJX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Great Ajax (AJX) Surges 5.3%: Is This an Indication of Further Gains?

Great Ajax Corp. (NYSE:AJX ) Q1 2022 Earnings Conference Call May 5, 2022 5:00 PM ET Company Participants Larry Mendelsohn – Chief Executive Officer Conference Call Participants Kevin Barker – Piper Sandler Eric Hagen – BTIG Operator Good afternoon, ladies and gentlemen, and welcome to the Great Ajax Corporation First Quarter 2022 Financial Results Conference Call. At this time, all participants are in a listen-only mode.

Great Ajax's (AJX) CEO Larry Mendelsohn on Q1 2022 Results - Earnings Call Transcript

Great Ajax (AJX) delivered earnings and revenue surprises of -58.33% and 2.69%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Great Ajax (AJX) Q1 Earnings and Revenues Miss Estimates

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces its results of operations for the quarter ended March 31, 2022. We focus primarily on acquiring, investing in and managing a portfolio of re-performing mortgage loans ("RPLs") secured by single-family residences and commercial properties and non-performing loans ("NPLs"). In addition to our continued focus on residential RPLs and NPLs, we also originate and acq

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2022

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 first quarter 2022 on Thursday, May 5, 2022 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, May 5, 2022 to review its financial results for the first quarter 2022. A live webcast of this conference call will be available o

Great Ajax Corp. Schedules Its First Quarter 2022 Financial Results Release For Thursday, May 5, 2022

Great Ajax's (AJX) CEO Lawrence Mendelsohn on Q4 2021 Results - Earnings Call Transcript

Great Ajax (AJX) delivered earnings and revenue surprises of 0% and 4.70%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Great Ajax (AJX) Matches Q4 Earnings Estimates

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces its results of operations for the quarter ended December 31, 2021. We focus primarily on acquiring, investing in and managing a portfolio of RPLs secured by single-family residences and commercial properties and, to a lesser extent, NPLs. In addition to our continued focus on residential RPLs, we also originate and acquire SBC loans secured by multi-family reta

Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2021

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 fourth quarter and year end 2021 on Thursday, March 3, 2022 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, March 3, 2022 to review its financial results for the fourth quarter and year end 2021. A live webcast of this con

Great Ajax Corp. Schedules Its Fourth Quarter and Year End 2021 Financial Results Release for Thursday, March 3, 2022

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX) (the “Company”) today announced that the Board of Directors of the Company declared a special cash dividend related to 2021 taxable income of $0.10 per share of the Company's common stock, which will be payable on January 25, 2022 to common stockholders of record as of January 10, 2022. About Great Ajax Corp. Great Ajax Corp. is a Maryland corporation that is a real estate investment trust that focuses primarily on acquiring, investing in

Great Ajax Corp. Announces Special Dividend

Great Ajax's (AJX) CEO Lawrence Mendelsohn on Q3 2021 Results - Earnings Call Transcript

Great Ajax (AJX) delivered earnings and revenue surprises of 5.56% and -7.50%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Great Ajax (AJX) Surpasses Q3 Earnings Estimates

Great Ajax (NYSE:AJX) reported its Q3 earnings results on Thursday, November 4, 2021 at 04:05 PM. Here's what investors need to know about the announcement.

Recap: Great Ajax Q3 Earnings

NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces its results of operations for the quarter ended September 30, 2021. We focus primarily on acquiring, investing in and managing a portfolio of RPLs secured by single-family residences and commercial properties and, to a lesser extent, NPLs. In addition to our continued focus on residential RPLs, we also originate and acquire small balance commercial loans ("SBC

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