Great Ajax Corp. (AJX) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
799 BROADWAY NEW YORK, NY 10022 |
| State of Incorp. | MD |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6798 - Real Estate Investment Trusts (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 52,834 | 47,845 | 84,426 | 107,147 | 64,343 | 55,146 | |||
| Cash and cash equivalents | 52,834 | 47,845 | 84,426 | 107,147 | 64,343 | 55,146 | |||
| Short-term investments | |||||||||
| Debt securities, held-to-maturity, accrued interest, after allowance for credit loss | ✕ | 24 | ✕ | ✕ | |||||
| Total current assets: | 52,858 | 47,845 | 84,426 | 107,147 | 64,343 | 55,146 | |||
| Noncurrent Assets | |||||||||
| Other undisclosed assets | 1,283,433 | 1,436,581 | 1,675,254 | 1,546,585 | 1,512,498 | 1,547,725 | |||
| TOTAL ASSETS: | 1,336,291 | 1,484,426 | 1,759,680 | 1,653,732 | 1,576,841 | 1,602,871 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 1,025,396 | 1,146,961 | 1,259,207 | 1,139,241 | 1,192,757 | 1,268,592 | |||
| Total liabilities: | 1,025,396 | 1,146,961 | 1,259,207 | 1,139,241 | 1,192,757 | 1,268,592 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 308,933 | 335,328 | 497,295 | 485,361 | 359,882 | 300,834 | |||
| Common stock | 233 | 231 | 222 | 189 | |||||
| Treasury stock, value | (9,557) | (9,532) | (1,691) | (1,159) | (458) | (270) | |||
| Additional paid in capital | 352,060 | 322,439 | 316,162 | 317,424 | 309,395 | 260,427 | |||
| Accumulated other comprehensive income (loss) | (14,027) | (25,649) | 1,020 | 375 | 1,277 | (575) | |||
| Retained earnings (accumulated deficit) | (54,382) | 13,275 | 66,427 | 53,346 | 49,446 | 41,063 | |||
| Warrants and rights outstanding | 16,600 | 12,200 | 23,700 | 14,200 | |||||
| Other undisclosed equity, attributable to parent | 18,239 | 22,595 | 91,444 | 100,944 | |||||
| Equity, attributable to noncontrolling interest | 1,962 | 2,137 | 3,178 | 29,130 | 24,202 | 33,445 | |||
| Total equity: | 310,895 | 337,465 | 500,473 | 514,491 | 384,084 | 334,279 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,336,291 | 1,484,426 | 1,759,680 | 1,653,732 | 1,576,841 | 1,602,871 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 62,681 | 78,575 | 95,768 | 101,638 | 123,715 | 111,901 | ||
| Net investment income | 72,332 | 82,582 | 93,383 | 100,071 | 112,416 | 108,181 | ||
| Other income | (9,651) | (4,007) | 2,385 | 2,272 | 4,176 | 3,720 | ||
| Cost of revenue | (19,529) | (27,429) | (26,011) | (15,923) | (16,817) | (22,675) | ||
| Provision for loan, lease, and other losses | (8,137) | 8,026 | 18,223 | 10,820 | (803) | |||
| Gross profit: | 43,152 | 51,146 | 69,757 | 85,715 | 106,898 | 89,226 | ||
| Operating expenses | (10,142) | (7,964) | (8,489) | (13,544) | (10,460) | (3,252) | ||
| Other operating expense, net (Other Expenses) | (3,934) | |||||||
| Operating income: | 33,010 | 43,182 | 61,268 | 72,171 | 96,438 | 82,040 | ||
| Nonoperating expense (Investment Income, Nonoperating) | (11,024) | (6,115) | ||||||
| Interest and debt expense | (59,255) | (43,632) | (38,181) | (49,353) | (59,754) | (54,171) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (37,269) | (6,565) | 23,087 | 22,818 | 36,684 | 27,869 | ||
| Income (loss) from equity method investments | (1,308) | (1,218) | 699 | (155) | 1,332 | 762 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (8,137) | (4,318) | 18,223 | 10,820 | (803) | 2,770 | ||
| Income (loss) from continuing operations before income taxes: | (46,714) | (12,101) | 42,009 | 33,483 | 37,213 | 31,401 | ||
| Income tax expense (benefit) | (243) | (2,835) | (234) | 125 | (124) | (64) | ||
| Income (loss) from continuing operations: | (46,957) | (14,936) | 41,775 | 33,608 | 37,089 | 31,337 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 41,775 | 33,608 | 37,089 | 31,337 | |
| Net income (loss): | (46,957) | (14,936) | 41,775 | 33,608 | 37,089 | 31,337 | ||
| Net income (loss) attributable to noncontrolling interest | (114) | (75) | 80 | (5,112) | (2,384) | (2,997) | ||
| Net income (loss) attributable to parent: | (47,071) | (15,011) | 41,855 | 28,496 | 34,705 | 28,340 | ||
| Preferred stock dividends and other adjustments | (2,190) | (5,474) | ||||||
| Undistributed earnings (loss) allocated to participating securities, basic | (304) | (140) | (336) | (307) | ||||
| Other undisclosed net loss available to common stockholders, basic | (8,194) | (7,798) | (5,740) | |||||
| Net income (loss) available to common stockholders, basic: | (49,261) | (28,679) | 33,753 | 22,616 | 34,369 | 28,033 | ||
| Dilutive securities, effect on basic earnings per share | (361) | 9,065 | 10,200 | 8,786 | ||||
| Other undisclosed net income available to common stockholders, diluted | ||||||||
| Net income (loss) available to common stockholders, diluted: | (49,261) | (29,040) | 42,818 | 22,616 | 44,569 | 36,819 | ||
Comprehensive Income ($ in thousands)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (46,957) | (14,936) | 41,775 | 33,608 | 37,089 | 31,337 | ||
| Other comprehensive income (loss) | 6,668 | (26,669) | 645 | 1,852 | (342) | |||
| Other undisclosed comprehensive income | ||||||||
| Comprehensive income (loss): | (40,289) | (41,605) | 42,420 | 33,608 | 38,941 | 30,995 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (114) | (75) | 80 | (5,112) | (2,384) | (2,997) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 2,764 | (13,668) | (7,798) | (6,642) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | (37,639) | (55,348) | 34,702 | 21,854 | 36,557 | 27,998 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.