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 2021 Great Ajax Corp Earnings Call Transcript

Aug 05, 2021 / 09:00PM GMT
Release Date Price: $13.05 (+2.92%)
Operator

Good day, and thank you for standing by. Welcome to the Great Ajax Corporation Q2 2021 Earnings Conference Call. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Lawrence Mendelsohn, CEO. Sir, please go ahead.

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

Thank you very much. Welcome, everybody, to the Great Ajax Corp. Second Quarter 2021 Conference Call. Also here with me are Mary Doyle, our CFO; and Russell Schaub, our President. Before we get started, I just want to have everyone quickly take a look at Page 2, the safe harbor disclosure of the presentation.

And with that, we can go on to Page 3 and begin. As an introduction, the second quarter of 2021 was a good quarter. Our overall corporate cost of funds further decreased by approximately 25 basis points, and our asset-based cost of funds decreased even more after decreasing nearly 50 basis points in Q3 of '20, 26 basis points in Q4 '20 and 30 basis points in Q1 of '21. Our cost of funds has continued to decrease in the third

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