Great Ajax Q1 net loss $7.9M, EPS ($0.34); book value $12.58; dividend $0.20

Rithm Property Trust Inc.

2023-Q1 EPS reported -$0.34

Net loss attributable to common stockholders of $7.9M ($0.34 per share); operating loss $2.1M ($0.09 per share).
Interest income $18.5M, net interest income $3.5M, down $0.4M sequentially from $3.97M.
Refinanced three joint ventures into Ajax Mortgage Loan Trust 2023-A: $205.1M UPB loans, retained $16.1M in securities.
GAAP book value per common share $12.58 at March 31, 2023, down from $13.00 at Dec 31, 2022.
Board declared $0.20 per common share cash dividend, payable May 31, 2023 to holders of record May 15, 2023.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Rithm Property Trust Inc. reported the quarter ended March 31, 2023 results: revenue $540, net income Net loss attributable to common stockholders of $(7.9) million, EPS $(0.34) per common share.

Period: the quarter ended March 31, 2023
Revenue: $540
Net income: Net loss attributable to common stockholders of $(7.9) million
EPS: $(0.34) per common share
Result: reported results

Exact text from the filing

loss from equity method investments and loss on joint venture refinancing on beneficial interests $ (3,612) $ (3,744) $ (65) $ (3,918) $ (3,613) Total revenue, net (1,3) $ 540 $ 1,375 $ 10,522 $ 8,768 $ 14,971 Consolidated net (loss)/income (1) $ (7,364) $ (6,283) $ (9,503) $ (4,781) $ 5,631 Net (loss)/income per basic share $ (0.34) $ (0.30) $ (0.71) $

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Rithm Property Trust Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-015774

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