Great Ajax Corp (NYSE:AJX)
$ 3.415 0.025 (0.74%) Market Cap: 127.22 Mil Enterprise Value: 239.68 Mil PE Ratio: 0 PB Ratio: 0.50 GF Score: 55/100
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Q1 2019 Great Ajax Corp Earnings Call Transcript

May 07, 2019 / 09:00PM GMT
Release Date Price: $14.13 (-0.49%)
Operator

Good afternoon, and welcome to the Great Ajax First Quarter 2019 Financial Results Conference Call. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Lawrence Mendelsohn, Chief Executive Officer. Please go ahead.

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

Thank you, operator. Thank you, everybody, for joining us on our first quarter investor call. To start off, I'd like everybody to look at Page 2 where we have our safe harbor disclosure and forward-looking statements. And with that, we'll get into the presentation. I apologize a little bit for my voice. I'm fighting off a little of bit cold that seems to be going around Portland right now.

Overall, we had a very, very successful net asset value and intrinsic value-building quarter in pretty much most facets of our business and investment side. We bought loans at good prices and very good prices with collateral values. We added approximately $400 million in co-investment joint ventures with accredited institutional

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