Great Ajax estimates Q1 GAAP book value drop to $6.81-$6.88 from $9.99; net loss per share $(1.90)-$(2.06)

Rithm Property Trust Inc.

2024-Q1 EPS reported -$2.41

Estimated GAAP net loss attributable to common stockholders of $(58.7M) to $(63.2M), or $(1.90) to $(2.06) per share.
Non-GAAP operating loss per common share estimated at $(0.13) to $(0.15), compared to $(0.07) in Q4 2023.
Book value per share decline driven by GAAP net loss, preferred stock exchange, and cash dividends paid.
Company also noted upcoming stockholders' meeting to approve proposed transaction with Rithm Capital Corp.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rithm Property Trust Inc. reported quarter ended March 31, 2024 results: net income GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share an, EPS between $(1.90) and $(2.06) per common share.

Period: quarter ended March 31, 2024
Net income: GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share an
EPS: between $(1.90) and $(2.06) per common share
Result: preliminary results

Exact text from the filing

For the quarter ended March 31, 2024, Great Ajax estimates a GAAP consolidated net loss attributable to common stockholders of between $(58.7) million or $(1.90) per common share and $(63.2) million or $(2.06) per common share compared to $(23.2) million or $(0.86) per common share for the quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001104659-24-049671

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