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

Q1 2022 Great Ajax Corp Earnings Call Transcript

May 05, 2022 / 09:00PM GMT
Release Date Price: $9.52 (-4.90%)
Operator

Good afternoon, ladies and gentlemen, and welcome to the Great Ajax Corporation First Quarter 2022 Financial Results Conference Call. (Operator Instructions) Please be advised that this call is being recorded. (Operator Instructions)

And now at this time, I'll turn things over to your host, Mr. Larry Mendelsohn, Chief Executive Officer. Please go ahead, sir.

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

Thank you very much. Thank you, everybody, for joining us for Great Ajax first quarter 2022 earnings call. I'd like to just have you take a quick look at Page 2, the safe harbor disclosures before we get into the need of the call.

Q1 2022 was a good quarter. There is some non-economic noise in the Q1 income statement numbers, which makes it a little confusing, but we'll walk through this on today's call. Our significant increase in loan performance and loan cash flow velocity continued and has also continued into the second quarter of 2022 so far. This continuing increase in the present value of loan cash flow and the resulting

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