Great Ajax Corp T.AJX

Primary Symbol: AJX

Real Estate

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

Great Ajax Corp

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Comment by dt_coreon Nov 14, 2013 1:29pm

241 Views

Post# 21906438

RE:RE:RE:Finally, AJX posts an Earnings Beat!

I stand partially corrected after listening to the conference call. AJX implemented the new dealer business model in September, so only 1/3rd of the quarter was treated as I suggested. Still that shows some relative strength in aftermarket but I retract my "decisive" comment.

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