See more : Automatic Bank Services Limited (ABANF) Income Statement Analysis – Financial Results
Complete financial analysis of Great Ajax Corp. (AJX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Great Ajax Corp., a leading company in the REIT – Mortgage industry within the Real Estate sector.
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Great Ajax Corp. (AJX)
About Great Ajax Corp.
Great Ajax Corp., real estate company, acquires, invests in, and manages a portfolio of residential mortgage and small balance commercial mortgage loans. The company also holds real estate owned properties acquired upon the foreclosure or other settlement of its non-performing loans, as well as through outright purchases. In addition, it acquires and originates small balance commercial loans (SBC) secured by multi-family residential and commercial mixed-use retail/residential properties; and invests in single-family and smaller commercial properties through a foreclosure event of a loan or a direct acquisition. The company elected to be taxed as a real estate investment trust for U.S. federal income tax purposes. It generally would not be subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its stockholders. Great Ajax Corp. was incorporated in 2014 and is based in Tigard, Oregon.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 71.14M | 35.64M | 31.87M | 36.07M | 46.41M | 41.00M | 38.45M | 33.34M | 28.49M | 6.81M |
| Cost of Revenue | 15.04M | 16.34M | 16.67M | 211.00K | 21.00M | 19.97M | 17.77M | 8.64M | 7.66M | 555.27K |
| Gross Profit | 56.10M | 19.29M | 15.20M | 35.86M | 25.41M | 21.04M | 20.69M | 24.71M | 20.83M | 6.25M |
| Gross Profit Ratio | 78.86% | 54.14% | 47.69% | 99.41% | 54.75% | 51.30% | 53.80% | 74.10% | 73.10% | 91.84% |
| Research & Development | 0.00 | -0.16 | 0.44 | 0.34 | 0.30 | 0.28 | 0.33 | 0.40 | 0.00 | 0.00 |
| General & Administrative | 3.16M | 3.31M | 2.80M | 2.26M | 2.25M | 2.34M | 2.18M | 3.95M | 3.35M | 824.73K |
| Selling & Marketing | 111.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 520.36K |
| SG&A | 3.27M | 3.31M | 2.80M | 2.26M | 2.25M | 2.34M | 2.18M | 3.95M | 3.35M | 1.35M |
| Other Expenses | 0.00 | -30.30M | 7.42M | -9.95M | -13.83M | 1.07M | 290.00K | -25.78M | -3.98M | 0.00 |
| Operating Expenses | 14.63M | 2.05M | 10.22M | -7.70M | -11.58M | 2.34M | 2.18M | 1.37M | 3.35M | 2.16M |
| Cost & Expenses | 29.67M | 2.05M | 10.22M | -7.70M | -11.58M | 2.34M | 2.18M | -444.00K | 3.35M | 2.72M |
| Interest Income | 72.33M | 82.58M | 93.38M | 100.07M | 112.42M | 108.18M | 91.42M | 70.69M | 47.70M | 0.00 |
| Interest Expense | 59.29M | 43.63M | 36.74M | 48.69M | 59.33M | 53.34M | 39.10M | 25.57M | 11.50M | 0.00 |
| Depreciation & Amortization | 534.00K | 38.62M | 15.26M | 14.75M | 87.41M | 80.43M | 62.48M | 42.80M | 3.00K | -4.08M |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 | 36.20M | 0.00 | 30.71M | 29.05M | 25.64M | -353.46K |
| EBITDA Ratio | 0.00% | 49.92% | 132.10% | 78.74% | 76.12% | 199.72% | 177.47% | 160.36% | 127.26% | -5.19% |
| Operating Income | 0.00 | 17.34M | 42.09M | 28.37M | 34.83M | 81.74M | 68.16M | 53.44M | 36.26M | 4.08M |
| Operating Income Ratio | 0.00% | 48.67% | 132.08% | 78.66% | 75.05% | 199.34% | 177.26% | 160.30% | 127.25% | 59.88% |
| Total Other Income/Expenses | -46.71M | -22.59M | -37.61M | -50.66M | 181.00K | -836.00K | -1.13M | -565.00K | 0.00 | -326.73K |
| Income Before Tax | -46.71M | -12.10M | 42.01M | 33.48M | 37.21M | 31.40M | 30.29M | 28.91M | 25.79M | 4.09M |
| Income Before Tax Ratio | -65.66% | -33.96% | 131.83% | 92.84% | 80.18% | 76.58% | 78.76% | 86.71% | 90.53% | 60.09% |
| Income Tax Expense | 243.00K | 2.84M | 234.00K | -125.00K | 124.00K | 64.00K | 131.00K | 35.00K | 2.00K | 14.18K |
| Net Income | -47.07M | -14.94M | 41.86M | 22.62M | 34.71M | 28.34M | 28.93M | 27.84M | 24.75M | 3.72M |
| Net Income Ratio | -66.17% | -41.91% | 131.35% | 62.71% | 74.78% | 69.12% | 75.23% | 83.49% | 86.88% | 54.69% |
| EPS | -2.01 | -0.66 | 1.48 | 1.00 | 1.76 | 1.10 | 1.58 | 1.65 | 1.68 | 0.24 |
| EPS Diluted | -2.01 | -0.65 | 1.41 | 1.00 | 1.23 | 1.10 | 1.51 | 1.65 | 1.68 | 0.24 |
| Weighted Avg Shares Out | 24.29M | 22.75M | 22.85M | 22.64M | 19.72M | 25.83M | 18.07M | 16.74M | 14.71M | 15.61M |
| Weighted Avg Shares Out (Dil) | 24.29M | 23.04M | 30.26M | 22.64M | 28.18M | 25.83M | 23.32M | 17.45M | 15.37M | 15.61M |
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NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM; “Rithm”), a global asset manager focused on real estate, credit and financial services, and Great Ajax Corp. (NYSE: AJX; “Great Ajax”), a real estate investment trust, today completed their previously announced transaction. As...
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