Great Ajax Q4 2022 net loss $6.8M; book value falls to $13.00 from $13.75

Rithm Property Trust Inc.

Net loss attributable to common stockholders of $(6.8)M, EPS $(0.30); operating loss $(1.3)M.
Net interest income $4.0M, down from $8.7M prior quarter; interest expense rose $3.1M on higher rates.
Book value per common share $13.00 at Dec 31, 2022, down from $13.75 at Sep 30, 2022.
Formed joint venture 2022-RPL1 acquiring $293.6M UPB of mortgage loans; subsequent refinancing of three joint ventures into 2023-A.
Board declared $0.25 dividend payable March 31, 2023; amended management agreement to include unsecured debt in fee calculation.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Rithm Property Trust Inc. reported the quarter ended December 31, 2022 results: revenue $18.4 million, net income $(6.8) million, EPS $(0.30).

Period: the quarter ended December 31, 2022
Revenue: $18.4 million
Net income: $(6.8) million
EPS: $(0.30)
Result: reported results

Exact text from the filing

Interest income of $18.4 million; net interest income of $4.0 million • Net loss attributable to common stockholders of $(6.8) million • Earnings per share ("EPS") per basic common share of $(0.30)

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Rithm Property Trust Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-006048

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