NYSE$RPT
Rithm Property Trust Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Great Ajax Corp. announced results for the quarter ended June 30, 2020.
Great Ajax Corp. reported a net income attributable to common stockholders of $6.2 million and basic earnings per common share of $0.27 for the quarter ended June 30, 2020. The company's book value per common share was $15.20 at the end of the quarter, and they held $163.4 million in cash and cash equivalents.
- Interest income of $23.7 million; net interest income after reversal of provision for credit losses of $15.0 million.
- Net income attributable to common stockholders of $6.2 million.
- Basic earnings per common share (“EPS”) of $0.27.
- Held $163.4 million of cash and cash equivalents at June 30, 2020.
Headline financials
Revenue & EPS history
Great Ajax · Revenue · Quarterly
$10.6M
Revenue by segment
Great Ajax · $23.1M total across 2 segments · Q1 2022
- Loan Interest Income$16.2M-11.0%70.2%
- Earnings from Debt Securities$6.87M+15.6%29.8%
Forward guidance
Subsequent to the end of the quarter, Great Ajax acquired 239 residential RPLs with aggregate UPB of $45.4 million. The company also priced Ajax Mortgage Loan Trust 2020-B with $97.2 million of AAA-rated senior securities and $17.3 million of A-rated securities issued with respect to $156.5 million of mortgage loans, all of which were RPLs.
Tailwinds
- Acquired 239 residential RPLs with aggregate UPB of $45.4 million.
- Priced Ajax Mortgage Loan Trust 2020-B with $97.2 million of AAA-rated senior securities.
- Priced Ajax Mortgage Loan Trust 2020-B with $17.3 million of A-rated securities issued with respect to $156.5 million of mortgage loans.
- Weighted average coupon of 1.874% on AAA- and A-rated securities.
- Cost of funds on securities and mortgage loan repurchase lines of credit decreased materially.
Headwinds
- Forward-looking statements are subject to inherent uncertainties.
- Predicting future results and conditions are beyond the control of Great Ajax.
- Risks relating to the impact of the COVID-19 outbreak.
- Volatility and disruption in the financial markets caused by the COVID-19 outbreak.
- Potential material adverse effects on business, financial condition, liquidity and results of operations due to COVID-19.
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 Q2 2020
-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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