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 > Q1 Call - What did we Learn

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Comment by funnymoneyon May 11, 2021 2:05pm

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Post# 33174843

RE:Q1 Call - What did we Learn

I call BS on Claas.

Claas factories in Germany went into a slow ramp down on March 21st. With production being stopped between March 28th and April 17th. Claas in France started a week earlier to ramp down. So at best this has caused a 10% reduction in Q1. Claas is still either living off that last time buy or has gone somewhere else.

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