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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Q3 2019 Great Ajax Corp Earnings Call Transcript

Nov 05, 2019 / 10:00PM GMT
Release Date Price: $15.7 (-0.76%)
Operator

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

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

Thank you very much. Thank you, everybody, for joining us on our third quarter investor call. Before we get started, I want to point everybody to Page 2, the safe harbor disclosure and discussion of forward-looking statements.

And with that, we get started on Page 3. In general, Q3 was another good quarter. We bought loans from multiple sources, primarily in joint venture structures, which closed in very late September. We continue to improve the rates in terms of our asset-based financing, including closing our second rated long-term securitized bond structure. The market value of our assets continues to increase, and we'll see that when we look at loan performance migration later on this call. And as a result, intrinsic

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