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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Q3 2021 Great Ajax Corp Earnings Call Transcript

Nov 04, 2021 / 09:00PM GMT
Release Date Price: $14.35 (+0.28%)
Operator

Good day, and thank you for standing by. Welcome to the Great Ajax Corp. Quarter 3 2021 Earnings Call. (Operator Instructions) I would now like to hand the conference over to your first speaker for today, Mr. Lawrence Mendelsohn, CEO of Great Ajax. Thank you. Please go ahead, sir.

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

Thank you. Thank you, everybody, for joining us for Great Ajax's Third Quarter 2021 Conference Call and Presentation. Before we get started, I'd like to point you to the safe harbor disclosure on the second page. And with that, we can jump in.

Q3 2021 was another good quarter in a lot of ways. Our overall cost of funds further decreased by almost 30 basis points. Our significant increase in loan performance and loan cash flow velocity continued and has also continued into the fourth quarter of 2021. This continuing increase in loan cash flow and loan payments in excess of our modeled expectations led to an additional acceleration of income on loans during Q3 of 2021 of $3.7 million.

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