NYSE$RPT

Rithm Property Trust Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Announced results for the quarter ended September 30, 2020.

Great Ajax Corp. reported a net income attributable to common stockholders of $5.3 million and basic earnings per common share of $0.23 for the quarter ended September 30, 2020. The company collected total cash of $56.4 million from loan payments, sales of REO, and investments in debt securities and beneficial interests, and held $135.2 million of cash and cash equivalents at the end of the quarter.

  • Formed joint ventures that acquired $876.1 million in unpaid principal balance of mortgage loans.
  • Purchased 244 re-performing mortgage loans for $41.2 million.
  • Net income attributable to common stockholders of $5.3 million.
  • Held $135.2 million of cash and cash equivalents at September 30, 2020.

Headline financials

Total Revenue

$12.2M

Previous: $13.4M-8.8%
EPS (adj)

$0.20

Previous: $0.28-28.6%
Capital Expenditures

-$10K

Previous: -$22.3M+100.0%
Free Cash Flow

-$6.07M

Previous: -$33.4M+81.9%
Net Income

$7.23M

Previous: $7.69M-6.0%
Operating Income

-$689K

Previous: $11.3M-106.1%
Gross Profit

$12.1M

Previous: $13.4M-10.1%
Cash & Equivalents

$135M

Previous: $57.9M+133.5%
Total Assets

$1.67B

Previous: $1.55B+7.3%
Stock-Based Comp

$35K

Previous: $1.03M-96.6%

Revenue & EPS history

Great Ajax · Revenue · Quarterly

$12.2M

Q3 2020-8.8%vs Q3 2019
Beat estimate in 4 of 16 quarters(25%)
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

The company expects trends with REO properties to continue into the fourth quarter of 2020.

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 Q3 2020

Historical avgQ3 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

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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