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Price: $3.6400
$0.06 
1.676%
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| Day's High:
| $3.67
| Week Perf:
| 5.81 %
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| Day's Low: |
$ 3.56 |
30 Day Perf: |
5.81 % |
| Volume (M): |
137 |
52 Wk High: |
$ 6.81 |
| Volume (M$): |
$ 497 |
52 Wk Avg: |
$4.33 |
| Open: |
$3.60 |
52 Wk Low: |
$3.10 |
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| Market Capitalization (Millions $) |
143 |
| Shares
Outstanding (Millions) |
39 |
| Employees |
- |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
-115 |
| Cash Flow (TTM) (Millions $) |
32 |
| Capital Exp. (TTM) (Millions $) |
0 |
Great Ajax Corp
Great Ajax Corp is a real estate investment trust (REIT) that focuses on acquiring and managing a portfolio of mortgage loans. The company primarily purchases distressed residential and commercial mortgage loans and then works with borrowers to find solutions to their financial difficulties. Great Ajax Corp aims to generate attractive risk-adjusted returns through the successful resolution of these loans and the eventual sale of the properties. The company also invests in mortgage-backed securities and other real estate related assets.
Company Address: 799 Broadway New York 10003 NY
Company Phone Number: 850-7770 Stock Exchange / Ticker: NYSE AJX
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| Stock Performances by Major Competitors |
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| Great Ajax Corp
Great Ajax Corp, a prominent real estate investment trust (REIT), recently released its first-quarter financial report for 2024. The report reveals some concerning numbers, but it is important to consider the broader context and understand the potential impact on the company's shares.
In the first quarter of 2024, Great Ajax Corp experienced a significant increase in the shortfall per share, reaching $-2.41 per share compared to $-0.34 per share in the same period last year. This substantial rise may initially seem alarming, especially when compared to the previous quarter's shortfall of $-0.83 per share. However, it is crucial to delve deeper into the report to gain a comprehensive understanding of the situation.
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| Great Ajax Corp
Great Ajax Corp is a real estate investment trust (REIT) that has been making waves in the industry with its unique approach to acquiring, investing, and managing a diverse portfolio of re-performing mortgage loans (RPLs) and non-performing loans (NPLs) secured by single-family residences and commercial properties. The company has shown significant growth in revenue over the past year, with a 40.437% increase in the fourth quarter of the 2023 earnings season alone.
Despite this surge in revenue, Great Ajax Corp reported a net shortfall of $-0.83 per share in the fourth quarter of 2023, compared to a net shortfall of $-0.25 per share in the preceding financial reporting period. The company also experienced a significant increase in its loan and lease reserve, with a provision for loan losses amounting to $11.29 million in the October to December 2023 timeframe. This was a substantial increase from the $6.283 million provision in the same period a year ago.
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| Great Ajax Corp
Great Ajax Corp (NYSE: AJX), a Maryland-based real estate investment trust (REIT), recently announced its results of operations for the quarter ended September 30, 2023. The company focuses on acquiring, investing in, and managing a portfolio of re-performing mortgage loans (RPLs) and non-performing loans (NPLs) secured by single-family residences and commercial properties. Alongside RPLs and NPLs, Great Ajax Corp also originates and acquires other mortgage loans.
In terms of financial performance, Great Ajax Corp reported a decrease in loss per share for the July to September 2023 financial span. The loss per share improved from -$0.71 to -$0.25 compared to the same period the previous year. Additionally, the company's earnings per share (EPS) increased from -$0.51 in the previous reporting period. However, the revenue experienced a sharp decline of -70.382%, falling from $8.20 million to $2.43 million in the comparable reporting period a year ago. Sequentially, revenue also decreased by -19.993% from $3.04 million.
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| Great Ajax Corp
Great Ajax Corp, a Real Estate Investment Trusts company, recently released its financial report for the second quarter of 2023. The company reported a dismal performance with a significant decline in revenue and expanded shortfalls. This article will delve into the details of the report, highlight the financial implications, and explore the contrasting performance of the Real Estate Investment Trusts sector.
Revenue Plunge:
According to the Jun 30, 2023 report, Great Ajax Corp experienced a staggering decline in revenue, plummeting by -73.298% to $3.04 million. This significant drop in revenue is a cause for concern within the industry. Comparing the figures to the same period a year earlier, it becomes evident that Great Ajax Corp is facing considerable challenges to sustain its earnings and growth.
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| Great Ajax Corp
Great Ajax Corp is a publicly-traded real estate investment trust (REIT) with a focus on acquiring and managing a portfolio of mortgage loans secured by single-family residences and small-balance commercial properties. Over the past few years, the company has been expanding its portfolio and increasing revenue, making it a promising investment option for some. However, the most recent fiscal period paints a different picture.
In the most recent fiscal period, Great Ajax Corp reported a disastrous performance with a significant decline in revenue by -92.017% to $1.16 million. The shortfall per share has swollen at $-0.34 compared to the same quarter a year ago. Additionally, the revenue tumbled by -67.91% from $3.62 million in the previous quarter to $1.16 million. The figures demonstrate a troubling trend for the company and reflect poor performance in the real estate market.
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| Per Share |
Current |
| Earnings (TTM) |
-3.81 $ |
| Revenues (TTM) |
-
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| Cash Flow (TTM) |
0.81 $ |
| Cash |
3.05 $
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| Book Value |
6.47 $
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| Dividend (TTM) |
0.49 $ |
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| Per Share |
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| Earnings (TTM) |
-3.81 $
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| Revenues (TTM) |
- |
| Cash Flow (TTM) |
0.81 $ |
| Cash |
3.05 $
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| Book Value |
6.47 $ |
| Dividend (TTM) |
0.49 $ |
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