Great Ajax Q2 net loss $12M, book value $11.86; agrees to merger with Ellington Financial

Rithm Property Trust Inc.

2023-Q2 EPS reported -$0.85

Net loss attributable to common stockholders of $(12.0) million ($(0.51) per share); operating loss $(2.5) million ($(0.11) per share).
Book value per common share fell to $11.86 from $12.58 in Q1 2023.
Entered merger agreement with Ellington Financial (EFC) on June 30; fixed exchange ratio 0.5308, expected close by year-end.
Recorded $8.8 million non-cash impairment on beneficial interests due to refinancing of eight joint ventures into two new trusts.

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 0.9

Rithm Property Trust Inc. reported for the quarter ended June 30, 2023 results: revenue Interest income of $18.3 million, net income Net loss attributable to common stockholders of $(12.0) million, EPS a loss of $(0.51).

Period: for the quarter ended June 30, 2023
Revenue: Interest income of $18.3 million
Net income: Net loss attributable to common stockholders of $(12.0) million
EPS: a loss of $(0.51)
Result: reported results

Exact text from the filing

Act of 1934, as amended. --- EX-99.1 (EX-99.1) --- GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED JUNE 30, 2023 Second Quarter Highlights • Interest income of $18.3 million; net interest income of $3.3 million • Net loss attributable to common stockholders of $(12.0) million • Operating loss of $(2.5) million • Earnings per share ("EPS") per basic

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Rithm Property Trust Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-027269

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