Great Ajax Q3 2020 Earnings Report

Announced results for the quarter ended September 30, 2020.

Key Takeaways

Great Ajax Corp. reported a net income attributable to common stockholders of $5.3 million and basic earnings per common share of $0.23 for the quarter ended September 30, 2020. The company collected total cash of $56.4 million from loan payments, sales of REO, and investments in debt securities and beneficial interests, and held $135.2 million of cash and cash equivalents at the end of the quarter.

Formed joint ventures that acquired $876.1 million in unpaid principal balance of mortgage loans.

Purchased 244 re-performing mortgage loans for $41.2 million.

Net income attributable to common stockholders of $5.3 million.

Held $135.2 million of cash and cash equivalents at September 30, 2020.

Total Revenue

$46.5M

Previous year: $58.9M