Great Ajax Corp (NYSE:AJX)
$ 3.51 0.23 (7.01%) Market Cap: 129.81 Mil Enterprise Value: 242.27 Mil PE Ratio: 0 PB Ratio: 0.51 GF Score: 55/100
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Q2 2019 Great Ajax Corp Earnings Call Transcript

Aug 06, 2019 / 09:00PM GMT
Release Date Price: $13.73 (+0.29%)
Operator

Good day, and welcome to the Great Ajax Second Quarter 2019 Financial Results Conference Call and Webcast. (Operator Instructions) Please note this event is being recorded. I would now like to turn the conference over to Mr. Lawrence Mendelsohn, Chief Executive Officer. Please go ahead.

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

Thank you very much, and thank you, everybody, for joining for the Great Ajax second quarter conference call.

I want to do a quick reference to Page 2, the safe harbor disclosure and forward-looking statements. And with that, we can jump right in.

A quick prelude. Q2 2019 was another very good quarter. We bought loans from multiple sources at very good prices, sold approximately $200 million of primarily non-clean-pay loans into a joint venture with good institutional partners at good prices. And we continued to improve the rates in terms of our asset-based financing. The market value of our assets continues to increase, and we believe net asset value and intrinsic value grew materially in Q2 2019

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