Great Ajax: Q4 Earnings Snapshot

TIGARD, Ore. (AP) _ Great Ajax Corp. (AJX) on Thursday reported fourth-quarter profit of $12.8 million.

The Tigard, Oregon-based company said it had net income of 41 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The real estate investment trust posted revenue of $14.3 million in the period.

For the year, the company reported profit of $22.8 million, or 93 cents per share. Revenue was reported as $51.4 million.

Great Ajax shares have climbed roughly 9% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $11.37, a fall of 20% 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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