Great Ajax posts Q3 net loss $8M ($0.18/sh); plans name change to Rithm Property Trust (RPT)

Rithm Property Trust Inc.

2024-Q3 EPS reported -$2.46

GAAP net loss $(8.0)M ($0.18 diluted EPS), improved from Q2 loss $(12.7)M ($0.32).
Earnings Available for Distribution (non-GAAP) $(5.4)M ($0.12/sh), vs $(9.6)M in Q2.
Book value per share $5.47 at Sept 30, down from $5.56 at June 30.
Common dividend maintained at $0.06/sh ($2.7M paid).
Name change to Rithm Property Trust Inc. (NYSE: RPT) expected Nov 18, 2024; management fee amendment allows cash/stock payments.

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