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.

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Great Ajax Corp > 9th Annual Gateway Conference -- AJX participation

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Comment by dt_coreon Sep 11, 2020 4:10pm

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Post# 31544538

RE:RE:9th Annual Gateway Conference -- AJX participation

It could be a number of factors but the presentation is likely the main influence. The stock is only up 2 cents and volume at 150,000 is nice but not off the charts.

The deal with Kubota should be announced over the next few weeks and the company did not mention it in their presentation. Could be a few possibilities on the outcome being 1) Royalty stream, 2) Kubota becomes a larger customer for AJX, or 3) formation of a collaborative JV. My money is on 2.

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