Great Ajax Q2 2022 net loss $9.2M; book value down to $14.98 per share

Rithm Property Trust Inc.

2022-Q2 EPS reported -$0.24

Net loss attributable to common stockholders of $(9.2)M, or $(0.40) per basic share; operating income $5.7M ($0.25/share).
Book value per common share fell to $14.98 from $15.95 in Q1, driven by mark-to-market losses and preferred stock repurchase charges.
Interest income of $20.9M and net interest income of $11.7M, down from $14.6M in prior quarter; interest expense rose to $9.2M.
Repurchased $25M face amount of preferred stock and associated warrants, saving $4.5M annually; also bought back 475k common shares at avg $9.77.
Declared $0.27/share dividend payable Aug 31, 2022; portfolio at 74.2% loans made 12 of 12 payments.

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