Great Ajax Corp (NYSE:AJX)
$ 3.435 0.045 (1.33%) Market Cap: 127.04 Mil Enterprise Value: 239.50 Mil PE Ratio: 0 PB Ratio: 0.50 GF Score: 55/100

Q3 2023 Great Ajax Corp Earnings Call Transcript

Nov 02, 2023 / 09:00PM GMT
Release Date Price: $4.31 (+1.89%)
Operator

Good afternoon, ladies and gentlemen, and welcome to the Great Ajax Corporation Q3 2023 Financial Results Conference Call. At this time, all participants are in a listen-only mode, and please be advised that this call is being recorded. Now at this time, I'll turn things over to your host, Mr. Larry Mendelsohn, Chief Executive Officer. Mr. Mendelsohn, please go ahead.

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

Thank you, everyone, for joining us for the Great Ajax third quarter call. Before we get started, I want to just point out Page #2 of the safe harbor disclosure. Along with me on this call are Russell Schaub, our President; and Mary Doyle, our CFO. As I'm sure you have seen, there are several corporate and strategic developments in Q3 2023 and into Q4 2023, which we will discuss a bit later in this call. In Q3 2023, loan performance declined by a small amount as did loan cash flow velocity for reinstatements on delinquent loans and from sales of homes. The slight cash collections decreased from home sales and reinstatements is primarily

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