NYSE$RPT
Rithm Property Trust Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Announced results for the quarter ended March 31, 2021.
Great Ajax Corp. reported a net income attributable to common stockholders of $7.0 million and basic earnings per share of $0.30 for the quarter ended March 31, 2021. The company purchased $31.6 million re-performing mortgage loans, $0.4 million of non-performing mortgage loans, and $3.6 million small-balance commercial loans during the quarter, ending with $1.1 billion in net mortgage loans.
- Purchased $31.6 million re-performing mortgage loans, $0.4 million of non-performing mortgage loans and $3.6 million small-balance commercial loans to end the quarter with $1.1 billion in net mortgage loans.
- Net income attributable to common stockholders was $7.0 million.
- Basic earnings per common share was $0.30.
- Held $137.6 million of cash and cash equivalents at March 31, 2021.
Headline financials
Revenue & EPS history
Great Ajax · Revenue · Quarterly
$13.7M
Revenue by segment
Great Ajax · $24.1M total across 2 segments · Q1 2021
- Loan Interest Income$18.2M-9.1%75.4%
- Earnings from Debt Securities$5.94M+194.1%24.6%
Forward guidance
Great Ajax has agreed to acquire residential RPLs and NPLs, and co-invested with third-party institutional investors to form Ajax Mortgage Loan Trust 2021-C.
Tailwinds
- Agreed to acquire 106 residential RPLs in seven transactions.
- Agreed to acquire nine NPLs in two transactions.
- Purchase price of the residential RPLs equals 88.7% of UPB and 62.2% of the estimated market value of the underlying collateral.
- Purchase price of the NPLs equals 90.3% of UPB and 70.0% of the estimated market value of the underlying collateral.
- Acquired 5.01% of the class A securities and 31.9% of the class B securities and trust certificates from the trust, which acquired 1,290 RPLs and NPLs with UPB of $259.6 million and an aggregate property value of $483.1 million.
Headwinds
- Acquisitions are subject to due diligence.
- Agreed to acquire 4,739 residential RPLs through a joint venture with third-party institutional investors.
- Agreed to acquire 132 NPLs through a joint venture with third-party institutional investors.
- Assets included in the 2021-C securitization came from calling the bonds associated with our Ajax Mortgage Loan Trust 2017-D, 2018-A and 2018-B securitizations
- These are forward looking statements subject to change.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
-1.0%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-3.0%
Avg return
30 days after
29%
13 / 45 earnings
Positive
+9.2%
Q2 2020
Best reaction
-14.6%
Q4 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.1% | -1.2% | +0.1% | |
| Q4 2025 | -1.8% | -1.1% | -7.2% | |
| Q3 2025 | -0.8% | +2.4% | +15.7% | |
| Q2 2025 | -1.9% | -6.3% | +1.1% | |
| Q1 2025 | +0.0% | +3.2% | -3.5% | |
| Q4 2024 | -0.3% | +4.8% | -7.9% | |
| Q3 2024 | -1.3% | -3.5% | -2.9% | |
| Q2 2024 | -14.0% | -11.4% | -14.3% | |
| Q1 2024 | +1.6% | +1.8% | -9.2% | |
| Q4 2023 | -14.6% | -19.2% | -27.7% | |
| Q3 2023 | +5.4% | +8.7% | +15.4% | |
| Q2 2023 | -0.6% | -0.7% | -1.2% | |
| Q1 2023 | -7.3% | -7.0% | -5.3% | |
| Q4 2022 | -0.3% | +1.8% | -33.6% | |
| Q3 2022 | -2.8% | -1.6% | -5.7% | |
| Q2 2022 | -6.7% | -5.2% | -17.7% | |
| Q1 2022 | -6.0% | -5.2% | +3.9% | |
| Q4 2021 | -0.8% | -0.7% | -10.3% | |
| Q3 2021 | +2.5% | +0.5% | -12.1% | |
| Q2 2021 | +8.4% | +10.3% | +9.5% | |
| Q1 2021 | +2.9% | +1.4% | +3.6% | |
| Q4 2020 | -5.1% | -0.4% | +13.7% | |
| Q3 2020 | +3.9% | +20.0% | +33.4% | |
| Q2 2020 | +9.2% | +8.7% | +1.6% | |
| Q1 2020 | -5.4% | -2.8% | +11.7% | |
| Q4 2019 | -0.1% | -2.1% | -60.0% | |
| Q3 2019 | -0.3% | +0.8% | -2.9% | |
| Q2 2019 | -0.5% | -2.3% | +4.1% | |
| Q1 2019 | -1.8% | -0.8% | -11.3% | |
| Q4 2018 | +0.0% | +0.6% | +2.5% | |
| Q3 2018 | -0.3% | +0.8% | -1.2% | |
| Q2 2018 | +0.8% | +1.3% | +2.2% | |
| Q1 2018 | -0.1% | -0.1% | -1.6% | |
| Q4 2017 | -1.2% | +0.3% | -0.3% | |
| Q3 2017 | -0.6% | -0.7% | +1.6% | |
| Q2 2017 | +0.7% | +0.4% | +1.9% | |
| Q1 2017 | +1.5% | +3.3% | +3.8% | |
| Q4 2016 | +0.8% | +0.1% | -1.6% | |
| Q3 2016 | -2.8% | -3.0% | -7.4% | |
| Q2 2016 | -0.9% | +0.3% | -2.1% | |
| Q1 2016 | +2.1% | — | — | |
| Q4 2015 | -3.2% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -0.1% | — | — | |
| Q1 2015 | -1.4% | — | — | |
| Q4 2014 | — | — | — | |
| Q3 2014 | — | — | — |
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