Great Ajax Corp (NYSE:AJX)
$ 3.39 0.15 (4.63%) Market Cap: 125.37 Mil Enterprise Value: 237.83 Mil PE Ratio: 0 PB Ratio: 0.49 GF Score: 55/100

Q4 2018 Great Ajax Corp Earnings Call Transcript

Mar 05, 2019 / 10:00PM GMT
Release Date Price: $13.34 (-0.15%)
Operator

Good day, everyone, and welcome to the Great Ajax Corp. Fourth Quarter and Year-end 2018 Financial Results Conference Call. (Operator Instructions) And please note that today's event is being recorded.

I would now like to turn the conference over to Lawrence Mendelsohn, Chief Executive Officer. Please go ahead.

Lawrence A. Mendelsohn
Great Ajax Corp. - Chairman & CEO

Thank you very much. Thank you, everybody, for making the time to join our Great Ajax fourth quarter and year-end 2018 conference call. I want to have everybody take a quick look at Page 2, our forward-looking statement disclosure. And with that, we can move on into the presentation.

Before I get to Page 3, I just want to give you a brief introduction. Overall, we had a very successful net asset value and intrinsic value building quarter in many facets of our business and our investments as well. We bought loans at good price and good price-to-collateral values, while, at the same time, expanding our seller base. We added nearly $600 million in coinvestment joint ventures

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