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Great Ajax Corp. (AJX) Q3 2024 Earnings Call Transcript Summary

Great Ajax Corp. (AJX) Q3 2024 Earnings Call Transcript Summary

great ajax corp. (AJX) 2024年第三季度業績會交流摘要
富途資訊 ·  10/21 23:13  · 電話會議

The following is a summary of the Great Ajax Corp. (AJX) Q3 2024 Earnings Call Transcript:

以下是 great ajax corp. (AJX) 2024年第三季度業績會議呼叫交易稿總結:

Financial Performance:

金融業績:

  • Great Ajax Corp reports a GAAP net income loss of $8 million or $0.18 per diluted share for Q3.

  • Earnings available for distribution were negative $5.4 million or $0.12 per diluted share.

  • Declared a dividend in the third quarter of $0.06.

  • Cash and equivalents on the balance sheet amounted to $84 million with $30 million available for investment and maintaining a roughly $50 million reserve.

  • Great Ajax Corp 報告了第三季度每股攤薄淨收益虧損 800萬美元,每股虧損 0.18 美元。

  • 可供分配的盈利爲負 540萬美元,每股攤薄盈利爲 0.12 美元。

  • 在第三季度宣佈派息 0.06 美元。

  • 資產負債表上的現金及現金等價物總額爲 8400萬美元,可用於投資和保持約 3000萬美元的大約 5000萬美元的儲備。

Business Progress:

業務進展:

  • Unwound $85 million of residential mortgage loans generating around $18 million in cash.

  • Sold 62.7 million of residential securities, which generated $14 million of cash.

  • Closed in $100 million notional amount of AAA CMBS at approximately a 12% levered return.

  • Aiming for breakeven before dividends by the end of Q1 next year.

  • The company plans to change its name from Great Ajax to Rithm Property Trust in the fourth quarter.

  • 回籠 8500萬美元的住房抵押貸款,產生約 1800萬美元現金。

  • 出售了6270萬套住宅證券,帶來了1400萬現金。

  • 以大約12%的槓桿回報率以$10000萬的面額收購AAA評級的抵押支持證券。

  • 旨在在明年第一季度結束前實現派息前的收支平衡。

  • 公司計劃在第四季度將其名稱從great ajax corp更改爲rithm property trust。

Opportunities:

機會:

  • Entered bids on $1 billion of assorted commercial real estate loans as part of a strategy to redeploy capital into cash flowing assets.

  • Significant potential identified in managing out of banks' workout groups, which is becoming a focused area due to the recalibration of bank lending against distressed assets.

  • 作爲將資本重新投入現金流資產的策略的一部分,對10億美元的各種商業房地產貸款進行了競標。

  • 在銀行工作組退出管理方面發現了重大潛力,由於銀行鍼對不良資產的貸款重新校準,這一領域成爲了關注重點。

Risks:

風險:

  • Current investments might continue to experience negative carrying until strategic transformations are realized.

  • Balancing the risk of maintaining dividend payments amidst financial losses until redirection strategies are fully implemented.

  • 當前投資可能會繼續經歷負面持續,直到戰略轉型實現。

  • 在財務損失中保持股息支付風險與重定向策略完全實施之間取得平衡。

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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