earnings
confidence high
sentiment neutral
materiality 0.60
Great Ajax Q4 net income $7.4M, EPS $0.32; book value $15.92
Rithm Property Trust Inc.
- Net income attributable to common stockholders $7.4M, basic EPS $0.32; total revenue $19.4M.
- Book value per common share $15.92 at Dec 31, down from $16.00 at Sep 30.
- Formed JV 2021 NPL1 that acquired $329.8M UPB of NPLs; retained $55.3M in securities.
- Collected $86.6M cash during quarter from loan payments, REO sales, and securities.
- Board declared regular $0.26 and special $0.10 dividends; post-quarter invested $6.1M in Gaea for ~22% stake.