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Great Ajax Corp T.AJX


Primary Symbol: AJX

Great Ajax Corp. is an externally managed real estate company. The Company’s primary business is acquiring, investing in and managing a portfolio of mortgage loans. The Company operates in a single segment focused on re-performing mortgages, and to a lesser extent non-performing mortgages and real property. The Company primarily targets acquisitions of re-performing loans (RPLs), which are residential mortgage loans and non-performing loans (NPLs), which are residential mortgages. It invests in single-family and smaller commercial properties directly either through a foreclosure event of a loan in its mortgage portfolio, or, less frequently, through a direct acquisition. It may acquire RPLs and NPLs either directly or in joint ventures with institutional accredited investors. It may also acquire or originate small balance commercial loans. Its manager is Thetis Asset Management LLC. It conducts its business through its operating partnership, Great Ajax Operating Partnership L.P.


NYSE:AJX - Post by User

Comment by ZoranStoon Mar 22, 2018 7:43pm
97 Views
Post# 27766243

RE:CC

RE:CCI listened to the call this morning and a couple of analysts were trying to get information on the deal but management divulged very little. The only new information they added was that the order came from an existing customer. So given that information we don't know how much business this company did with AJX in 2017, therefore we don't know how much of the $55 million is new business. Either way it is a turning point for the company and they seem to be really hyped up on the new rebel product that is geared to small farmers. I guess time will tell but they are finally showing some growth.
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