Third Quarter Investor Presentation Safe Harbor Disclosure  We make forward‐looking statements in this presentation that are subject to risks and uncertainties. These forward‐looking statements include information about possible or future results ...

Great Ajax Corp. (NYSE:AJX) Q3 2023 Earnings Conference Call November 2, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn - Chief Executive Officer Russell Schaub - President Mary Doyle - CFO Conference Call Participants Operator Good afternoon, ladies and gentlemen. 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 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (Exact name of registrant as specified in its charter) State or other jurisdiction Maryland 46-5211 ...

Great Ajax Corp. (NYSE:AJX) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Lawrence Mendelsohn – Chief Executive Officer Conference Call Participants 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. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a que ...

Second Quarter Investor Presentation Safe Harbor Disclosure  We make forward‐looking statements in this presentation that are subject to risks and uncertainties. These forward‐looking statements include information about possible or assumed future ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (Exact name of registrant as specified in its charter) State or other jurisdiction of incorporation or o ...

Great Ajax Corp. (NYSE:AJX) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET Company Participants Larry Mendelsohn – Chief Executive Officer Mary Doyle – Chief Financial Officer Conference Call Participants Matt Howlett – B. Riley Eric Hagen – BTIG Operator Good day, everyone, and welcome to the Great Ajax Corp. Q1 2023 Financial Results Conference Call. At this time, I would like to hand things over to Mr. Larry Mendelsohn, CEO. Please go ahead, sir. Larry Mendelsohn Thank you. Thank you, everyone, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to 001-36844 (Commission file number) GREAT AJAX CORP. (Exact name of registrant as specified in its charter) State or other jurisdiction of incorporation or ...

Great Ajax Corp. (NYSE:AJX) Q4 2022 Earnings Conference Call March 2, 2023 5:00 PM ET Company Participants Larry Mendelsohn - Chief Executive Officer Conference Call Participants Brad Capuzzi - Piper Sandler Operator Ladies and gentlemen, thank you for standing by. My name is Brent, and I will be your conference operator today. At this time, I would like to welcome everyone to the Great Ajax Corp. Fourth Quarter and Year-End Financial Results Conference Call. All lines have been placed on mute to prevent an ...

Management and Fees - The company has a 19.8% ownership in its Manager, which implements its business strategy and manages day-to-day operations[71] - The base management fee is set at 1.5% of stockholders' equity per annum, calculated quarterly[73] - The company has the option to pay the management fee in cash (50% to 100%) or in shares of common stock[73] - An incentive fee is payable quarterly if dividends and book value increase exceed 8% on an annualized basis[75] - The termination fee for the Management Agreement is equal to twice the combined base and incentive fees payable during the preceding 12 months[79] - The company has a 19.8% equity interest in its Manager and an 8.0% interest in the parent of its Servicer, structured through a wholly owned subsidiary[98] Servicing Operations - The Servicer receives an annual servicing fee ranging from 0.65% to 1.25% of UPB, paid monthly[84] - The Servicer is licensed to service loans in all states where required and is an approved servicer for FHA and VA[88] - The Servicer collects mortgage loan payments and manages delinquent borrowers, earning servicing fees based on a percentage of the outstanding unpaid principal balance[90] Financing and Risk Management - The company may utilize various types of borrowings, including debt financing through bank credit facilities and structured financing arrangements[66] - The company expects to fund asset acquisitions with non-recourse securitizations and repurchase agreements[64] - The company does not currently hedge risks associated with mortgage loans but may use derivative instruments for risk management in the future[68] Market and Credit Risks - The company faces market risks including real estate risk, interest rate risk, prepayment risk, and credit risk, which are actively managed[510] - Rising interest rates may lead to lower refinancing volumes and could adversely affect property values and net income[512] - The company expects the pace of loan prepayments to slow due to rising interest rates[515] - Credit risk is present due to potential mispricing of acquisitions and property value volatility influenced by various economic factors[516] - Borrowers may default due to personal income reductions, job loss, or poor property management, impacting the company's operations[517] Tax and Regulatory Compliance - The company is subject to U.S. federal income tax requirements for REITs, including the need to distribute at least 90% of annual REIT taxable income[95] - The company conducts operations to avoid registration as an investment company under the Investment Company Act, ensuring less than 40% of total assets are in investment securities[97] Internal Controls and Reporting - The company's management assessed the effectiveness of internal controls over financial reporting as of December 31, 2022, and found them to be effective[525] - Moss Adams LLP provided an unqualified opinion on the company's internal control over financial reporting and consolidated financial statements for the year ended December 31, 2022[526] - There have been no changes in the company's internal control over financial reporting that materially affected its effectiveness during the last fiscal quarter[527]