TIGARD, Ore. (AP) — TIGARD, Ore. (AP) — Great Ajax Corp. (AJX) on Friday reported a loss of $74 million in its first quarter.
The Tigard, Oregon-based company said it had a loss of $2.41 per share. Losses, adjusted for non-recurring costs, were 16 cents per share.
The real estate investment trust posted revenue of $15.7 million in the period. Its adjusted revenue was $1.6 million.
In the final minutes of trading on Friday, the company’s shares hit $3.68. A year ago, they were trading at $6.02.
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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