Great Ajax Corp (NYSE:AJX)
$ 3.39 0.15 (4.63%) Market Cap: 125.37 Mil Enterprise Value: 237.83 Mil PE Ratio: 0 PB Ratio: 0.49 GF Score: 55/100
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Q4 2019 Great Ajax Corp Earnings Call Transcript

Mar 03, 2020 / 10:00PM GMT
Release Date Price: $14.47 (-0.48%)
Operator

Good day and welcome to the Great Ajax Fourth Quarter 2019 and Year-End 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, CEO. Please go ahead.

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

Thank you very much and thank you, everybody, for joining us for the Great Ajax Fourth Quarter 2019 Conference Call. Also happy Super Tuesday to everybody.

On Page 2, I just want to point out before we get started the safe harbor disclosure about some of the statements that we'll be talking about.

As an introduction, Q4 2019 was a very good net asset value building quarter. We bought loans from multiple sources primarily closing in late December, and we expanded our joint venture structures pretty significantly. We continue to improve the rates and terms of our asset-based financing, including closing our third rated long-term securitized bond structure and the first AAA-rated structure for loans with all non-clean-pay

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