Welcome to our dedicated page for Great Ajax news (Ticker: AJX), a resource for investors and traders seeking the latest updates and insights on Great Ajax stock.
Great Ajax Corp. (NYSE: AJX) is an externally managed real estate investment trust (REIT) based in Beaverton, Oregon. Specializing in the acquisition, investment, and management of mortgage loans, Great Ajax focuses on re-performing loans (RPLs) and non-performing loans (NPLs) secured by single-family residences and small balance commercial properties. The company also originates and acquires small balance commercial mortgage loans and holds real estate owned (REO) properties acquired through foreclosures.
Great Ajax is managed by Thetis Asset Management LLC, while its mortgage loans and other real estate assets are serviced by Gregory Funding LLC, both affiliated entities. The company's operations are primarily centered around a single segment, which involves acquiring and managing mortgage loans and REO properties.
In recent developments, Great Ajax and Ellington Financial announced the termination of their merger agreement. Despite the termination, Ellington Financial retains a 6.1% stake in Great Ajax and continues to work with the company on mortgage loan opportunities. This strategic shift allows Great Ajax to explore new opportunities and partnerships to enhance its portfolio and financial performance.
Financially, Great Ajax reported an interest income of $17.9 million for the third quarter of 2023, with a net interest income of $3.0 million. However, the company posted a net loss of $6.1 million attributable to common stockholders. The company's book value per common share stood at $11.07 as of September 30, 2023.
Looking forward, Great Ajax remains committed to maximizing long-term value for its stockholders by diversifying its investment strategies and seeking new opportunities in the real estate mortgage sector. With a robust portfolio of RPLs, NPLs, and SBC loans, the company aims to navigate market challenges and capitalize on growth opportunities.
Great Ajax Corp. (AJX) reported a net income of $7.4 million for Q4 2021, down from $9.3 million in Q3 2021. Basic EPS stood at $0.32, with a book value of $15.92 per share. Interest income reached $23.2 million, while net interest income was $14.2 million. The firm acquired $148.8 million in re-performing mortgage loans and ended Q4 with $1.1 billion in net mortgage loans. Cash collections totaled $86.6 million, and the company declared a special cash dividend of $0.10 per share, paid on January 25, 2022.
Great Ajax Corp. (NYSE: AJX), a Maryland-based real estate investment trust, plans to release its financial results for Q4 and the year ending December 31, 2021, on March 3, 2022, at approximately 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET to discuss the results, with a webcast available on its website. Great Ajax focuses on acquiring and managing mortgage loans secured by single-family residences and other properties, and it is externally managed by Thetis Asset Management LLC.
Great Ajax Corp. (NYSE: AJX) announced a special cash dividend of
Great Ajax Corp. (NYSE: AJX) reported a net income of $9.3 million for Q3 2021, down from $10.4 million in Q2. The net interest income increased to $14.4 million, attributed to lower interest expenses. The book value per share rose to $16.00. The company purchased $87.5 million in non-performing loans (NPLs) during the quarter. Cash collections totaled $82.8 million, with $92.8 million in cash at quarter's end. A joint venture was formed, acquiring $517.7 million in unpaid principal balance mortgage loans, enhancing its investment portfolio.
Great Ajax Corp. (NYSE: AJX) is set to release its third-quarter 2021 financial results on November 4, 2021, at approximately 4:05 p.m. ET. Following this, a conference call will be held at 5:00 p.m. ET to discuss the results. Investors can access a live webcast on Great Ajax's website. The company primarily focuses on acquiring and managing mortgage loans secured by single-family residences and also invests in multi-family and mixed-use properties. The firm is managed by Thetis Asset Management LLC.
Great Ajax Corp. (AJX) reported a consolidated net income of $11.2 million for Q2 2021, up from $10.6 million in Q1 2021, primarily due to lower interest expenses. Total revenue remained stable at $19.8 million, with net interest income at $14.2 million. The company ended the quarter with cash and cash equivalents of $88.1 million and a book value of $15.86 per share. However, there was a decline in book value compared to the previous quarter due to convertible debt dilution. The firm continues to focus on residential RPLs and has recently acquired multiple loan portfolios.
Great Ajax Corp. (NYSE: AJX) plans to release its financial results for the second quarter of 2021 on August 5, 2021, at approximately 4:05 p.m. ET. Following this, a conference call will be hosted at 5:00 p.m. ET the same day to discuss the results. The call will be accessible via a live webcast on the company's website, where a replay will also be available for 90 days. Great Ajax focuses on acquiring and managing mortgage loans and real estate assets, primarily secured by single-family residences.
Great Ajax Corp. (AJX) reported its Q1 2021 results, highlighting a consolidated net income of $10.6 million and a decline from $14.4 million in Q4 2020. Loan interest income slightly increased to $18.2 million, while total revenue decreased to $19.8 million. The average carrying value of RPLs was $1.0 billion, with cash collections totaling $70.2 million. The company continued its focus on RPLs and announced acquisitions of additional loans. A cash dividend of $0.19 per share is scheduled for May 31, 2021. A conference call is set for May 6, 2021.
Great Ajax Corp. (NYSE: AJX) will announce its financial results for the first quarter of 2021 on May 6, 2021, at approximately 4:05 p.m. ET. A conference call to discuss these results will follow at 5:00 p.m. ET, with a live webcast available on the company’s website. Great Ajax focuses on acquiring and managing mortgage loans primarily secured by single-family residences, among other investments. The company is externally managed by Thetis Asset Management LLC.
Great Ajax Corp. (NYSE: AJX) reported strong results for Q4 2020, with consolidated net income reaching $14.4 million, up from $8.9 million in Q3 2020. The increase was driven by a $1.2 million rise in gross interest income and a $0.9 million decrease in interest expenses. The company recovered $7.6 million from credit losses, contributing to a net interest income of $14.3 million. Additionally, the book value per share rose to $15.59, supported by strong cash collections totaling $63.7 million. Looking ahead, the firm expects a further decline in its cost of funds.
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