AP NEWS

Great Ajax: 3Q Earnings Snapshot

November 6, 2018

BEAVERTON, Ore. (AP) _ Great Ajax Corp. (AJX) on Tuesday reported third-quarter earnings of $6.6 million.

On a per-share basis, the Beaverton, Oregon-based company said it had net income of 34 cents. Earnings, adjusted to extinguish debt, came to 37 cents per share.

The real estate investment trust posted revenue of $14.8 million in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $15.2 million.

Great Ajax shares have declined roughly 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.28, a decrease of 3 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AJX at https://www.zacks.com/ap/AJX

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