Great Ajax reports Q3 net loss of $6.1M, book value down; terminates Ellington merger, starts strategic review

Rithm Property Trust Inc.

2023-Q3 EPS reported -$1.10

Q3 GAAP net loss $(6.1)M ($(0.25)/share); operating loss $(2.3)M ($(0.09)/share).
Book value per share fell to $11.07 from $11.86 in Q2; net interest income $3.0M.
Merger with Ellington Financial terminated Oct 20; Ellington paid $16M and bought 1.67M shares at $6.60.
Formed two JVs acquiring $325.3M UPB of mortgage loans; retained $57.9M in debt securities.
Dividend reduced to $0.11/share payable Nov 30; board engaged Piper Sandler to explore strategic alternatives.

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 third quarter ended September 30, 2023 results: revenue Interest income of $17.9 million; net interest income of $3.0 million, net income Net loss attributable to common stockholders of $(6.1) million, EPS loss of $(0.25).

Period: third quarter ended September 30, 2023
Revenue: Interest income of $17.9 million; net interest income of $3.0 million
Net income: Net loss attributable to common stockholders of $(6.1) million
EPS: loss of $(0.25)
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- GREAT AJAX CORP. ANNOUNCES RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2023; PROVIDES STRATEGIC UPDATE Third Quarter Highlights • Interest income of $17.9 million; net interest income of $3.0 million • Net loss attributable to common stockholders of $(6.1) million • Operating loss of $(2.3) million • Earnings per share ("EPS") per basic

View on SEC.gov

Browse all earnings releases →

Rithm Property Trust Inc. filing history →

Source: SEC EDGAR

accession 0001628280-23-036415

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.