Great Ajax Corp. announced results for the quarter ended March 31, 2022, with a net income attributable to common stockholders of $3.6 million and basic earnings per share of $0.15. The company collected $85.3 million of cash from loan payments, sales of REO properties, and collections from investments, ending the quarter with $70.7 million in cash and cash equivalents.
Interest income of $23.2 million; net interest income of $14.6 million.
Net income attributable to common stockholders of $3.6 million.
Basic earnings per common share (“EPS”) of $0.15.
Held $70.7 million of cash and cash equivalents at March 31, 2022; average daily cash balance for the quarter was $73.6 million.
Great Ajax Corp. will host a conference call at 5:00 p.m. EST on Thursday, May 5, 2022 to review our financial results for the quarter. A live Webcast of the conference call will be accessible from the Quarterly Reports section of our website www.greatajax.com.
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