AP NEWS

Great Ajax: 2Q Earnings Snapshot

August 7, 2018

BEAVERTON, Ore. (AP) _ Great Ajax Corp. (AJX) on Tuesday reported second-quarter net income of $7.5 million.

The Beaverton, Oregon-based company said it had profit of 37 cents per share.

The real estate investment trust posted revenue of $14.8 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $14.5 million.

Great Ajax shares have decreased roughly 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.43, a drop of 6.5 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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