Great Ajax Q1 net income $3.6M; book value $15.95; taxable income $0.49; declares $0.26 dividend

Rithm Property Trust Inc.

2022-Q1 EPS reported $0.15

Net income attributable to common stockholders of $3.6M, or $0.15 diluted EPS; taxable income per share $0.49.
Book value per common share $15.95, up from $15.92 at Dec 31, 2021; quarterly dividend declared $0.26/share payable May 31.
Net interest income $14.6M, up $0.4M QoQ; collected $85.3M in cash; cash reserves $70.7M.
Recorded $4.0M impairment on beneficial interests in 2018-D and 2018-G trusts due to redemption; expects recovery via new 2022-A securitization.
Subsequent event: Refinanced 2018-D/2018-G into 2022-A; retained $47.7M of securities (23.28% ownership); first fully rated securitization with NPLs.

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