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 2023 Great Ajax Corp Earnings Call Transcript

Aug 03, 2023 / 09:00PM GMT
Release Date Price: $6.69 (-2.05%)
Operator

Good afternoon. My name is Rob, and I will be your conference operator today. At this time, I would like to welcome everyone to the Great Ajax Corp. Second Quarter 2023 Financial Results Conference Call. (Operator Instructions) Thank you.

Lawrence Mendelsohn, Chief Executive Officer, you may begin your conference.

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

Thank you very much, operator. Thank you, everybody, for joining the Great Ajax Corp. Second Quarter Conference Call. Along with me on this call are Russell Schaub, our President; Mary Doyle, our CFO.

Before we get started, I want to point you to Page 2 of the presentation with the safe harbor disclosure. In the second quarter of 2023, loan performance continued to increase as did low cash flow velocity from reinstatements on delinquent loans and from sales of homes, particularly in the months of April and May. This has continued into the third quarter of 2023 as well. Prepayments from borrowers refinancing their mortgages continued their slower pace as you would expect,

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