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 > Still no earnings release

<< Previous

Bullboard Posts

Next >>

Comment by funnymoneyon Aug 12, 2021 12:54pm

100 Views

Post# 33694560

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Still no earnings release

If it's called pre-paid as they have it usually is defined by a period that it's pre-paid for. Let's say 5 years. So they basically can recognize 1/60th of that sum every month as revenue (or negative R&D expense). Usually they would spread out the costs of litigation and mediation if they didn't get it reimbursed over the same horizon.

if they called it "one-time" "lump sum" or similar they'd be able to recognize it all at once.

both is regardless of when they receive the cash

<< Previous

Bullboard Posts

Next >>

The Market Online’s Weekly Gold Report – Nov. 27, 2024