See more : Altimar Acquisition Corp. II (ATMR) 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 |
Great Ajax Corp. Announces Final Conversion Rate for Its Convertible Notes
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, in advance of the upcoming maturity of its outstanding convertible notes on April 30, 2024, announced that the convertible notes have a final conversion rate of...
Great Ajax Corp. Announces Record Date for Stockholders Meeting to Approve Strategic Transaction With Rithm Capital Corp.
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX; the “Company”), a real estate investment trust, announced today that its board of directors has fixed a record date of April 22, 2024 for its 2024 meeting of stockholders (the “Meeting”) to, among...
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NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended December 31, 2023. We focus primarily on acquiring, investing in and managing a...
Rithm Capital Corp. and Great Ajax Corp. Announce a Strategic Transaction
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, announced today that they have entered into...
Great Ajax Corp. (AJX) Q3 2023 Earnings Call Transcript
Great Ajax Corp. (NYSE:AJX ) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn - Chief Executive Officer Russell Schaub - President Mary Doyle - CFO Conference Call Participants Operator Good afternoon, ladies and...
Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2023; Provides Strategic Update
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust ("REIT"), announces its results of operations for the quarter ended September 30, 2023. We focus primarily on acquiring, investing in and managing a...
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Great Ajax Corp. Schedules Its Third Quarter 2023 Financial Results Release For Thursday, November 2, 2023
NEW YORK--(BUSINESS WIRE)--Great Ajax Corp. (NYSE: AJX), a Maryland corporation that is a real estate investment trust, today announces that it intends to release its financial results for the third quarter 2023 on Thursday, November 2, 2023 at approximately 4:05...
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Category: Stock Reports