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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Q4 2021 Great Ajax Corp Earnings Call Transcript

Mar 03, 2022 / 10:00PM GMT
Release Date Price: $11.66 (+0.26%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Great Ajax Corp. Fourth Quarter Fiscal 2021 Earnings Call. (Operator Instructions)

Thank you. Larry Mendelsohn, CEO, you may begin your conference.

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

Thank you very much. Thank you, everybody, for joining us for the fourth quarter and fiscal 2021 investor call. I appreciate you joining us. Before we get started, I just want to point out on Page 2 the safe harbor disclosure about forward-looking statements.

If we jump to Page 3, 2021 was a very productive year, and Q4 2021 was another good quarter as well, although there's a little bit of noise in the Q4 2021 income statement numbers that we'll talk about on this call. A significant increase in loan performance and loan cash flow velocity continued and has also continued into the first quarter of 2022 so far. This continuing increase in the present value of loan cash flow and the resulting decrease in unallocated reserve discount in excess of modeled expectations led

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