Great Ajax Q3 net income $9.3M ($0.40 EPS); book value $16.00; agrees to acquire $350.9M NPL pool

Rithm Property Trust Inc.

2021-Q3 EPS reported $1.10

Net income attributable to common stockholders $9.3M ($0.40 basic EPS); book value per common share $16.00 vs $15.86 prior quarter.
Formed Ajax Mortgage Loan Trust 2021-E, acquiring $517.7M UPB of loans; retained $54.7M of securities with 83.2% AAA/A rated.
Purchased $87.5M of NPLs (UPB $90.9M) at 64.0% of property value and $0.5M of RPLs.
Subsequent to quarter end, agreed to acquire 2,498 NPLs with $350.9M UPB via JV at ~16.3% ownership.
Board declared $0.24 per share cash dividend payable Nov 29 to holders of record Nov 15.

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