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Great Ajax: 2Q Earnings Snapshot

BEAVERTON, Ore. (AP) _ Great Ajax Corp. (AJX) on Tuesday reported second-quarter net income of $13 million.

The Beaverton, Oregon-based company said it had net income of 56 cents per share. Earnings, adjusted for non-recurring gains, came to 31 cents per share.

The real estate investment trust posted revenue of $20.7 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $14.9 million.

Great Ajax shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $13.71, a rise of almost 2% in the last 12 months.


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