{"id":751676,"date":"2023-04-26T17:49:00","date_gmt":"2023-04-26T21:49:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ftai-aviation-ltd-reports-first-quarter-2023-results-declares-dividend-of-0-30-per-ordinary-share\/"},"modified":"2023-04-26T17:49:00","modified_gmt":"2023-04-26T21:49:00","slug":"ftai-aviation-ltd-reports-first-quarter-2023-results-declares-dividend-of-0-30-per-ordinary-share","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ftai-aviation-ltd-reports-first-quarter-2023-results-declares-dividend-of-0-30-per-ordinary-share\/","title":{"rendered":"FTAI Aviation Ltd. Reports First Quarter 2023 Results, Declares Dividend of $0.30 per Ordinary Share"},"content":{"rendered":"
\n

NEW YORK, April 26, 2023 (GLOBE NEWSWIRE) — FTAI Aviation Ltd. (NASDAQ: FTAI) (the \u201cCompany\u201d or \u201cFTAI\u201d) today reported financial results for the first quarter 2023. The Company\u2019s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release.<\/p>\n

\n Financial Overview<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n
\n (in thousands, except per share data)<\/em>\n <\/td>\n<\/tr>\n
\n
\n Selected Financial Results<\/u>
\n <\/strong>\n <\/td>\n		\n Q1\u201923<\/strong>\n <\/td>\n<\/tr>\n
Net Income Attributable to Shareholders<\/td>\n$<\/td>\n22,606<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic Earnings per Ordinary Share from Continuing Operations<\/td>\n$<\/td>\n0.23<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted Earnings per Ordinary Share from Continuing Operations<\/td>\n$<\/td>\n0.22<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA(<\/sup>1)<\/sup><\/td>\n$<\/td>\n127,656<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
__________________________________
(1)\u00a0<\/sup>For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release.<\/td>\n<\/tr>\n<\/table>\n

\n
\n
First Quarter 2023 Dividends<\/strong>\n <\/p>\n

On April 25, 2023, the Company\u2019s Board of Directors (the \u201cBoard\u201d) declared a cash dividend on its ordinary shares of $0.30 per share for the quarter ended March 31, 2023, payable on May 23, 2023 to the holders of record on May 12, 2023.<\/p>\n

Additionally, on April 25, 2023, the Board declared cash dividends on its Fixed-to-Floating Rate Series A Cumulative Perpetual Redeemable Preferred Shares (\u201cSeries A Preferred Shares\u201d), Fixed-to-Floating Rate Series B Cumulative Perpetual Redeemable Preferred Shares (\u201cSeries B Preferred Shares\u201d), Fixed-Rate Reset Series C Cumulative Perpetual Redeemable Preferred Shares (\u201cSeries C Preferred Shares\u201d) and Fixed-Rate Reset Series D Cumulative Perpetual Redeemable Preferred Shares (\u201cSeries D Preferred Shares\u201d) of $0.51563, $0.50000, $0.51563 and $0.59375 per share, respectively, for the quarter ended March 31, 2023, payable on June 15, 2023 to the holders of record on June 1, 2023.<\/p>\n

\n Business Highlights<\/strong>\n <\/p>\n