NYSE$RPT
Rithm Property Trust Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Great Ajax reported financial results for the second quarter of 2024, transitioning to a flexible commercial real estate focused investment strategy.
Great Ajax Corp. announced its financial results for the quarter ended June 30, 2024. The company is transitioning to a flexible commercial real estate focused investment strategy. Michael Nierenberg, Chief Executive Officer of Rithm Capital, expressed excitement about taking over the management of Great Ajax and repositioning the portfolio to capitalize on opportunities in the commercial real estate sector.
- Great Ajax will host a conference call on July 24, 2024, to review its financial results for the second quarter of 2024.
- Great Ajax is transitioning to a flexible commercial real estate focused investment strategy.
- The Company expects to transition to a flexible commercial real estate focused investment strategy.
- Great Ajax has historically focused on acquiring, investing in and managing re-performing loans and non-performing loans secured by single-family residences and commercial properties.
Headline financials
Revenue & EPS history
Great Ajax · Revenue · Quarterly
$348K
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
The company expects to transition to a flexible commercial real estate focused investment strategy.
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 2024
-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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