NYSE$RPT

Rithm Property Trust Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported results for the quarter ended March 31, 2022.

Great Ajax Corp. announced results for the quarter ended March 31, 2022, with a net income attributable to common stockholders of $3.6 million and basic earnings per share of $0.15. The company collected $85.3 million of cash from loan payments, sales of REO properties, and collections from investments, ending the quarter with $70.7 million in cash and cash equivalents.

  • Interest income of $23.2 million; net interest income of $14.6 million.
  • Net income attributable to common stockholders of $3.6 million.
  • Basic earnings per common share (“EPS”) of $0.15.
  • Held $70.7 million of cash and cash equivalents at March 31, 2022; average daily cash balance for the quarter was $73.6 million.

Headline financials

Total Revenue

$14.6M

Previous: $13.7M+6.4%
EPS (adj)

$0.26

Previous: $0.19+36.8%
Book Value per Share

$15.95

No prior period
Net Income

$5.54M

Previous: $8.95M-38.2%
Operating Income

$3.83M

Previous: $10.1M-62.3%
Gross Profit

$14.4M

Previous: $13.5M+6.5%
Cash & Equivalents

$70.7M

Previous: $138M-48.6%
Total Assets

$1.69B

Previous: $1.69B-0.1%
Stock-Based Comp

$88K

Previous: $50K+76.0%

Revenue & EPS history

Great Ajax · Revenue · Quarterly

$14.6M

Q1 2022+6.4%vs Q1 2021
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Great Ajax · $23.1M total across 2 segments · Q1 2022

  • Loan Interest Income
    $16.2M-11.0%
  • Earnings from Debt Securities
    $6.87M+15.6%

Forward guidance

Great Ajax Corp. will host a conference call at 5:00 p.m. EST on Thursday, May 5, 2022 to review our financial results for the quarter. A live Webcast of the conference call will be accessible from the Quarterly Reports section of our website www.greatajax.com.

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 2022

Historical avgQ1 2022

-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

Earnings price reactions
QuarterReport dateReaction (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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