Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2023; Provides Strategic Update
We consider Operating loss/income to provide a useful measure for comparing the results of our ongoing operations over multiple quarters.
- We consider Operating loss/income to provide a useful measure for comparing the results of our ongoing operations over multiple quarters.
- Our net interest income for the quarter ended September 30, 2023, excluding any adjustment for expected credit losses was $3.0 million, a decrease of $0.3 million over the prior quarter.
- We recorded $0.2 million in impairment on our REO held-for-sale portfolio in other expense for the quarter ended September 30, 2023.
- These loans were acquired and included on our consolidated balance sheet for a weighted average of 56 days of the quarter.