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Jun 30, 2023
Great Ajax Q2 2023 Earnings Report
Announced results for the quarter ended June 30, 2023.
Key Takeaways
Great Ajax Corp. reported a net loss attributable to common stockholders of $(12.0) million, or $(0.51) per common share, for the quarter ended June 30, 2023. The company's net interest income, excluding any adjustment for expected credit losses, was $3.3 million. They entered into a merger agreement with Ellington Financial Inc. expected to close prior to year-end.
Interest income of $18.3 million; net interest income of $3.3 million
Net loss attributable to common stockholders of $(12.0) million
Operating loss of $(2.5) million
Held $40.3 million of cash and cash equivalents at June 30, 2023
Forward Guidance
The company expects the merger transaction with Ellington Financial Inc. to close prior to the year-end.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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