TIGARD, Ore. (AP) — TIGARD, Ore. (AP) — Great Ajax Corp. (AJX) on Wednesday reported a loss of $12.7 million in its second quarter.

On a per-share basis, the Tigard, Oregon-based company said it had a loss of 32 cents. Losses, adjusted for non-recurring costs, came to 24 cents per share.

The real estate investment trust posted revenue of $11.9 million in the period. Its adjusted revenue was $348,000.

The company's shares closed at $3.85. A year ago, they were trading at $7.06.

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