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
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Q2 2020 Great Ajax Corp Earnings Call Transcript

Aug 04, 2020 / 09:00PM GMT
Release Date Price: $8.84 (+1.38%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Great Ajax Corp. Q2 2020 Earnings Call. (Operator Instructions) I would now like to hand the conference over to your speaker today, Mr. Lawrence Mendelsohn, CEO. Thank you. Please go ahead, sir.

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

Thank you very much. Thank you, everybody, for joining us on our second quarter of 2020 earnings call. Before we get started on the presentation, I want to just have you take a look at Q2 -- or at Page 2 for the forward-looking statement disclosure.

And with that, we can get moving to Page 3, our business overview. Q2 2020 was a positive quarter in many ways. After navigating through March and April, we closed the second tranche of joint venture investment in loans that was purchased in a prefunded securitization structure that we created in March of 2020.

We raised $125 million in net proceeds of perpetual preferred shares. We paid down significant amount repurchase facility debt in Q2 as a result of loan and mortgage bond

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