XNYS
RPT
Market cap123mUSD
May 20, Last price
2.72USD
1D
-1.45%
1Q
-14.73%
Jan 2017
-79.50%
IPO
-80.57%
Name
Great Ajax Corp
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|---|
2024‑12 | 2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | ||||||||||
Revenues | (76,920) -208.12% | 71,140 99.63% | 35,636 11.83% | |||||||
Cost of revenue | 3,425 | 18,306 | 19,649 | |||||||
Unusual Expense (Income) | ||||||||||
NOPBT | (80,345) | 52,834 | 15,987 | |||||||
NOPBT Margin | 104.45% | 74.27% | 44.86% | |||||||
Operating Taxes | 145 | 243 | 2,835 | |||||||
Tax Rate | 0.46% | 17.73% | ||||||||
NOPAT | (80,490) | 52,591 | 13,152 | |||||||
Net income | (91,835) 95.10% | (47,071) 215.15% | (14,936) -135.69% | |||||||
Dividends | (11,445) | (20,586) | (29,947) | |||||||
Dividend yield | 9.59% | 15.99% | 17.93% | |||||||
Proceeds from repurchase of equity | 14,000 | 28,181 | (124,545) | |||||||
BB yield | -11.73% | -21.89% | 74.57% | |||||||
Debt | ||||||||||
Debt current | 106,046 | |||||||||
Long-term debt | 366,000 | 656,126 | 712,061 | |||||||
Deferred revenue | 1,146,961 | |||||||||
Other long-term liabilities | (366,000) | (518,056) | 363,408 | |||||||
Net debt | (481,481) | 279,881 | (640,621) | |||||||
Cash flow | ||||||||||
Cash from operating activities | 290 | (46,464) | 1,135 | |||||||
CAPEX | ||||||||||
Cash from investing activities | 297,275 | 172,820 | 223,090 | |||||||
Cash from financing activities | (286,147) | (121,367) | (260,806) | |||||||
FCF | (80,490) | 52,591 | 13,152 | |||||||
Balance | ||||||||||
Cash | 373,035 | 52,834 | 1,036,929 | |||||||
Long term investments | 474,446 | 323,411 | 421,799 | |||||||
Excess cash | 851,327 | 372,688 | 1,456,946 | |||||||
Stockholders' equity | (166,677) | (31,608) | 24,558 | |||||||
Invested Capital | 1,144,016 | 1,365,901 | 2,606,829 | |||||||
ROIC | 2.65% | 0.56% | ||||||||
ROCE | 3.96% | 1.08% | ||||||||
EV | ||||||||||
Common stock shares outstanding | 40,195 | 24,287 | 23,038 | |||||||
Price | 2.97 -43.96% | 5.30 -26.90% | 7.25 -44.91% | |||||||
Market cap | 119,381 -7.26% | 128,721 -22.93% | 167,022 -58.06% | |||||||
EV | (362,254) | 445,118 | (436,908) | |||||||
EBITDA | (80,345) | 52,834 | 15,987 | |||||||
EV/EBITDA | 4.51 | 8.42 | ||||||||
Interest | 43,572 | 59,286 | 43,632 | |||||||
Interest/NOPBT | 112.21% | 272.92% |