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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 lamtonon Aug 12, 2021 2:48pm
114 Views
Post# 33695197

RE:RE:Not overly disappointed....

RE:RE:Not overly disappointed....Your point #3 is bang on I think, that's why talks of this company being sold at the near future - next year per say is a waste of time at this point. We have to be making a profit before anyone will look at us and offer that kind of valuation, I wouldn't be looking or thinking of any suitors at this point at all. For me I'm just hoping for another 2 consecutive qtrs of revenue increases (substantially I hope) at the least to further evaluate my position...GLTA.
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