Great Ajax Q4 net loss $23.2M, book value drops to $9.99, plans $330M loan sale at loss

Rithm Property Trust Inc.

2023-FY EPS reported -$2.01

Q4 net loss of $23.2M ($0.86 EPS); operating loss $1.8M ($0.07 EPS).
Book value per common share fell to $9.99 from $11.07 in Q3 2023.
Recorded $13.7M write-down on beneficial interests and $8.6M mark-to-market loss on NPLs held for sale.
Marketing $330M UPB loans for sale; expects ~$10M loss per $100M sold.
Announced strategic transaction with Rithm; proceeding with annual/special stockholder meeting.

item 2.02 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 the quarter ended December 31, 2023 results: revenue interest income of $17.7 million, net income Net loss attributable to common stockholders of $(23.2) million, EPS loss of $(0.86).

Period: the quarter ended December 31, 2023
Revenue: interest income of $17.7 million
Net income: Net loss attributable to common stockholders of $(23.2) million
EPS: loss of $(0.86)
Result: reported results

Exact text from the filing

Interest income of $17.7 million; net interest income of $3.2 million • Net loss attributable to common stockholders of $(23.2) million • Operating loss of $(1.8) million • Earnings per share ("EPS") per basic common share was a loss of $(0.86)

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Source: SEC EDGAR

accession 0001628280-24-006978

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